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作者：Hooshangi, Soheil; Loewenstein, George
作者单位：Carnegie Mellon University; Universidade Catolica Portuguesa
摘要：Using a novel experimental paradigm, we explore how the experience of generating an idea and the possibility that another investor might adopt a rejected investment opportunity, bias the investment decisions of innovator and imitator entrepreneurs. We find that individuals who generate a business idea form biased evaluations of the economic potential of ideas, be it their own idea or somebody else's idea. On the one hand, they are overconfident about the value of, and overly likely to invest i...
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作者：Lin, Mingfeng; Liu, Yong; Viswanathan, Siva
作者单位：University of Arizona; University of Arizona; University System of Maryland; University of Maryland College Park
摘要：This study examines the effects of reputation in the nascent but rapidly growing online labor markets. In these markets, contract winners (vendors) provide clients with customized products such as computer software, business plans, and artistic designs. The products are used primarily for business purposes and require time for production after project-specific contracts are awarded. These characteristics render it unclear whether online reputation will have similar effects as in online retaili...
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作者：Cui, Ruomeng; Shin, Hyoduk
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; University of California System; University of California San Diego
摘要：This paper studies the strategy of sharing inventory information for a firm that sells two vertically differentiated products. The seller has private information on the aggregate inventory level and the inventory composition of two product variants. The seller credibly and discretionarily discloses inventory information to customers either fully or partially, i.e., disclosing the exact inventory of each product variant, the aggregate inventory level, or no information to customers. Customers f...
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作者：Keppo, Jussi; Korte, Josef
作者单位：National University of Singapore; Goethe University Frankfurt
摘要：We analyze the Volcker Rule's announcement effects on U.S. bank holding companies. In line with the rule and the banks' public compliance announcements, we find that those banks that are affected by the Volcker Rule already reduced their trading books relative to their total assets 2.34% more than other banks. However, the announcement of the rule did not reduce the banks' overall risk taking. To keep their risk targets, the affected banks raised the riskiness of their asset returns. We also f...
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作者：Wang, Zhongmin; Lee, Alvin; Polonsky, Michael
作者单位：Resources for the Future; Deakin University
摘要：Consumer boycotts are triggered by egregious events, but the literature has not distinguished the level of egregiousness from consumers' preferences or disutility associated with a given level of egregiousness, nor has the literature studied how these two components of egregiousness affect boycott intensity. We provide a model of market-level boycotts that distinguishes the two egregiousness components. Consistent with the predictions of our model, the market-level intensity of consumer boycot...
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作者：Ozer, Ozalp; Subramanian, Upender; Wang, Yu
作者单位：University of Texas System; University of Texas Dallas; California State University System; California State University Long Beach
摘要：In many market settings, a customer often obtains assistance from a supplier (or service provider) to make better-informed decisions regarding the supplier's product (or service). Because the two parties often have conflicting pecuniary incentives, customer trust and supplier trustworthiness play important roles in the success of these interactions. We investigate whether and how the process through which assistance is provided can foster trust and trustworthiness, and thus facilitate better c...
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作者：Serio, Luigi; Tedeschi, Piero; Ursino, Giovanni
作者单位：Catholic University of the Sacred Heart; Catholic University of the Sacred Heart
摘要：The business model of low-cost carriers is now well established and accounts for a large share of Western civil aviation, particularly in Europe. To understand why it has proven so successful, we develop a theoretical model that exploits the two-sided nature of flights as connectors of supply and demand for goods and services other than traveling itself across physical space. Carriers offer flights of different quality and may sign agreements with suppliers of goods and services at the destina...
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作者：Delage, Erick; Li, Jonathan Yu-Meng
作者单位：Universite de Montreal; HEC Montreal; University of Ottawa
摘要：Since the financial crisis of 2007-2009, there has been a renewed interest in quantifying more appropriately the risks involved in financial positions. Popular risk measures such as variance and value-at-risk have been found inadequate because we now give more importance to properties such as monotonicity, convexity, translation invariance, positive homogeneity, and law invariance. Unfortunately, the challenge remains that it is unclear how to choose a risk measure that faithfully represents a...
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作者：Schweitzer, Maurice E.; Ho, Teck-Hua; Zhang, Xing
作者单位：University of Pennsylvania; National University of Singapore; University of California System; University of California Berkeley
摘要：Monitoring changes the behavior of those who are monitored and those who monitor others. We studied behavior under different monitoring regimes in repeated trust games. We found that trustees behaved opportunistically when they anticipated monitoring-they were compliant when they knew in advance that they would be monitored, but exploited trustors when they knew in advance that they would not be monitored. Interestingly, trustors failed to anticipate how strategically their counterparts would ...
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作者：Crane, Alan D.; Koch, Andrew
作者单位：Rice University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：We use a natural experiment to identify a causal effect of the threat of shareholder litigation on ownership structure, governance, and firm performance. We find that when it becomes harder for small shareholders to litigate, ownership becomes more concentrated and shifts from individuals to institutions. Director and officer governance protections drop among these firms, and operating performance drops among firms whose ownership structure does not change. These results suggest that the abili...
