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作者：Kecskes, Ambrus; Michaely, Roni; Womack, Kent L.
作者单位：York University - Canada; Cornell University; University of Toronto
摘要：Sell-side analysts change their stock recommendations when their valuations differ from the market's. These valuation differences can arise from either differences in earnings estimates or the nonearnings components of valuation methodologies. We find that recommendation changes motivated by earnings estimate revisions have a greater initial price reaction than the same recommendation changes without earnings estimate revisions: about +1.3% (2.8%) greater for upgrades (downgrades). Nevertheles...
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作者：Li, Zhepeng; Fang, Xiao; Bai, Xue; Sheng, Olivia R. Liu
作者单位：York University - Canada; University of Delaware; University of Connecticut; Utah System of Higher Education; University of Utah
摘要：Link recommendation, which suggests links to connect currently unlinked users, is a key functionality offered by major online social networks. Salient examples of link recommendation include People You May Know on Facebook and LinkedIn as well as You May Know on Google+. The main stakeholders of an online social network include users (e.g., Facebook users) who use the network to socialize with other users and an operator (e.g., Facebook Inc.) that establishes and operates the network for its o...
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作者：Chhaochharia, Vidhi; Grinstein, Yaniv; Grullon, Gustavo; Michaely, Roni
作者单位：University of Miami; Reichman University; Cornell University; Rice University; Cornell University
摘要：We use the Sarbanes-Oxley Act of 2002 (SOX) as a quasi-natural experiment to examine the link between product market competition and internal governance mechanisms. Consistent with the notion that competition plays an important role in aligning incentives within the firm, SOX has led to a larger improvement in the operation of firms in concentrated industries than in nonconcentrated industries. Furthermore, within concentrated industries, the effect is especially pronounced among firms with we...
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作者：Distelhorst, Greg; Hainmueller, Jens; Locke, Richard M.
作者单位：University of Oxford; Stanford University; Stanford University; Brown University; Brown University
摘要：This study tests the hypothesis that lean manufacturing improves the social performance of manufacturers in emerging markets. We analyze an intervention by Nike, Inc., to promote the adoption of lean manufacturing in its apparel supply chain across 11 developing countries. Using difference-in-differences estimates from a panel of more than 300 factories, we find that lean adoption was associated with a 15 percentage point reduction in noncompliance with labor standards that primarily reflect f...
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作者：Shum, Stephen; Tong, Shilu; Xiao, Tingting
作者单位：City University of Hong Kong; The Chinese University of Hong Kong, Shenzhen; Harbin Institute of Technology
摘要：Many products undergo cost reductions over their product life cycles. However, strategic customers may have more incentive to wait if they expect a cost reduction to lead to a price drop. A firm that does not face any uncertainty can use pricing strategies such as price commitment and price matching to alleviate the strategic waiting of customers. However, these pricing strategies provide less flexibility than dynamic pricing for a firm facing uncertainty. In this paper, we examine the impact ...
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作者：Andersson, Ola; Huysentruyt, Marieke; Miettinen, Topi; Stephan, Ute
作者单位：Research Institute of Industrial Economics (IFN); Lund University; Stockholm School of Economics; Hautes Etudes Commerciales (HEC) Paris; Aalto University; Hanken School of Economics; Aston University
摘要：We investigate the effects of organizational culture and personal values on performance under individual and team contest incentives. We develop a model of regard for others and in-group favoritism that predicts interaction effects between organizational values and personal values in contest games. These predictions are tested in a computerized lab experiment with exogenous control of both organizational values and incentives. In line with our theoretical model, we find that prosocial (proself...
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作者：Kalnins, Arturs
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作者：Yu, Qiuping; Allon, Gad; Bassamboo, Achal
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business; Northwestern University
摘要：In this paper, we explore the impact of delay announcements using an empirical approach by analyzing the data from a medium-sized call center. We first explore the question of whether delay announcements impact customers' behavior using a non-parametric approach. The answer to this question appears to be ambiguous. We thus turn to investigate the fundamental mechanism by which delay announcements impact customer behavior, by constructing a dynamic structural model. In contrast to the implicit ...
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作者：Buchheim, Lukas; Kolaska, Thomas
作者单位：University of Munich
摘要：The consequences of many economic decisions materialize only in the future. To make informed choices in such decision problems, consumers need to anticipate the likelihood of future states of the world, the state dependence of their preferences, and the choice alternatives that may become relevant. This complex task may expose consumers to psychological biases like extrapolative expectations, projection bias, or salience. We test whether customers are affected by such biases when they buy adva...
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作者：Nicolae, Mariana; Arikan, Mazhar; Deshpande, Vinayak; Ferguson, Mark
作者单位：Eastern Michigan University; University of Kansas; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine; University of South Carolina System; University of South Carolina Columbia
摘要：In 2008, the majority of U.S. airlines began charging for the second checked bag, and then for the first checked bag. One of the often cited reasons for this action by the airlines' executives was that this would influence customers to travel with less baggage and thus improve cost and operational performance. A popular customer belief, however, is that airline departure delays got worse due to an increase and size of customer carry-on baggage. A notable exception to the charging for checked b...
