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作者：Kolsarici, Ceren; Vakratsas, Demetrios
作者单位：Queens University - Canada; McGill University
摘要：Adaptive estimation methods have become a popular tool for capturing and forecasting changing conditions in dynamic environments. Although adaptive models can provide superior one-step-ahead forecasts, their application to multiperiod forecasting is challenging when the underlying parameter variation process is not correctly specified. The authors propose a methodology based on the Chebyshev approximation method (CAM), which provides a parsimonious substitute for the measurement updating proce...
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作者：Pierce, Lamar; Snow, Daniel C.; McAfee, Andrew
作者单位：Washington University (WUSTL); Brigham Young University; Massachusetts Institute of Technology (MIT)
摘要：This paper examines how firm investments in technology-based employee monitoring impact both misconduct and productivity. We use unique and detailed theft and sales data from 392 restaurant locations from five firms that adopt a theft monitoring information technology (IT) product. We use difference-in-differences models with staggered adoption dates to estimate the treatment effect of IT monitoring on theft and productivity. We find significant treatment effects in reduced theft and improved ...
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作者：Larson, Chad R.; Turcic, Danko; Zhang, Fuqiang
作者单位：University of Houston System; University of Houston; Washington University (WUSTL)
摘要：Adaptive base stock policy is a well-known tool for managing inventories in nonstationary demand environments. This paper presents empirical tests of this policy using aggregate, firm-level data. First, we extend a single-item adaptive base stock policy in previous literature to a multi-item case. Second, we transform the policy derived for the multi-item case to a regression model that relates firm-level inventory purchases to firm-level sales and changes in sales forecasts. We focus on two r...
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作者：Yu, Man; Kapuscinski, Roman; Ahn, Hyun-Soo
作者单位：Hong Kong University of Science & Technology; University of Michigan System; University of Michigan
摘要：We examine the impact of consumer valuation interdependence and capacity on a firm's optimal selling strategies. We consider a seller who can offer a single product to consumers twice, in advance and in spot. Consumers choose whether and when to buy, but if they buy in advance, they are uncertain about their own valuations. Whether they buy in advance or in spot, consumers' valuations are realized in the spot period and they may range from fully independent to perfectly correlated, creating ma...
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作者：Schram, Arthur; Charness, Gary
作者单位：University of Amsterdam; University of California System; University of California Santa Barbara
摘要：Social norms involve observation by others and external sanctions for violations, whereas moral norms involve introspection and internal sanctions. To study such norms and their effects, we design a laboratory experiment. We examine dictator choices, where we create a shared understanding by providing advice from peers with no financial payoff at stake. We vary whether advice is given, as well as whether choices are made public. This design allows us to explicitly separate the effects of moral...
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作者：Robinson, Adina Barbulescu; Tuli, Kapil R.; Kohli, Ajay K.
作者单位：University of Tennessee System; University of Tennessee Knoxville; Singapore Management University; University System of Georgia; Georgia Institute of Technology
摘要：This study examines 171 brand licensing announcements and subsequent changes in the licensor firms' shareholder values using the event study method. We find that although brand licensing announcements lead to positive abnormal returns on average, nearly 44% of the announcements in our sample are followed by negative abnormal returns. We argue that investors react more favorably to a brand licensing announcement when they believe (i) the brand has greater ability to stimulate licensee product s...
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作者：Bhattacharya, Shantanu; Gaba, Vibha; Hasija, Sameer
作者单位：INSEAD Business School
摘要：We analyze optimal contractual arrangements in a bilateral research and development (R&D) partnership between a risk-averse provider that conducts early-stage research followed by a regulatory verification stage and a risk-neutral client that performs late-stage development activities, including production, distribution, and marketing. The problem is formulated as a sequential investment game with the client as the principal, where the investments are observable but not verifiable. The model c...
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作者：Muslu, Volkan; Radhakrishnan, Suresh; Subramanyam, K. R.; Lim, Dongkuk
作者单位：University of Houston System; University of Houston; University of Texas System; University of Texas Dallas; University of Southern California; Indian School of Business (ISB); Idaho State University
摘要：We use computer-intensive techniques to study the informational properties of forward-looking disclosures in the management discussion and analysis (MD&A) sections of 10-K filings made with the Securities and Exchange Commission. We find that firms make more forward-looking MD&A disclosures when their stock prices have lower informational efficiency, i.e., when their stock prices poorly reflect future earnings information. The greater levels of forward-looking MD&A disclosures help improve yet...
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作者：Arya, Anil; Frimor, Hans; Mittendorf, Brian
作者单位：University System of Ohio; Ohio State University; Aarhus University
摘要：The centralization versus decentralization choice is perhaps the quintessential organizational structure decision. In the operations realm, this choice is particularly critical when it comes to the procurement function. Why firms may opt to decentralize procurement has been often studied and confirmed to be a multifaceted choice. This paper complements existing studies by detailing the trade-offs in the centralization versus decentralization decision in light of firms' strategic use of invento...
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作者：Aydin, Goker; Heese, H. Sebastian
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; European Business School (EBS) University
摘要：A retailer's assortment decision results from a process of give-and-take, during which the retailer may bid manufacturers against one another, and the terms of trade offer plenty of flexibility for allocating the profit among the retailer and manufacturers. We adopt a bargaining framework to capture such an assortment selection process. We investigate the properties of the profit allocations that could emerge in a decentralized supply chain. In our model, the retailer engages in simultaneous b...
