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作者：Scopelliti, Irene; Morewedge, Carey K.; McCormick, Erin; Min, H. Lauren; Lebrecht, Sophie; Kassam, Karim S.
作者单位：City St Georges, University of London; Boston University; Carnegie Mellon University; University of Colorado System; University of Colorado Boulder
摘要：People exhibit a bias blind spot: they are less likely to detect bias in themselves than in others. We report the development and validation of an instrument to measure individual differences in the propensity to exhibit the bias blind spot that is unidimensional, internally consistent, has high test-retest reliability, and is discriminated from measures of intelligence, decision-making ability, and personality traits related to self-esteem, self-enhancement, and self-presentation. The scale i...
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作者：Aiken, Adam L.; Clifford, Christopher P.; Ellis, Jesse
作者单位：Quinnipiac University; University of Kentucky; North Carolina State University
摘要：We examine the portfolio holdings of funds of hedge funds (FoFs) to identify the channels through which FoFs add value for their clients. FoFs offer access to a diversified portfolio of funds that would be costly for constrained investors to manage on their own. Although we find only limited evidence that FoFs exhibit skill when selecting hedge funds, we find strong evidence that FoFs make skillful termination decisions. After FoFs divest from a hedge fund, those hedge funds subsequently under...
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作者：Hasan, Sharique; Bagde, Surendrakumar
作者单位：Stanford University
摘要：Much research suggests that social networks affect individual and organizational success. However, a strong assumption underlying this research is that network structure is not reducible to the individual attributes of social actors. In this article, we test this assumption by examining whether interacting with random peers causes exogenous growth of a person's network. Using three years of network data for students at an Indian college, we evaluate the effect of peers on network growth. We fi...
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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：Liu, Yan; Shankar, Venkatesh
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：Product-harm crises (recalls) carry negative product information that adversely affects brand preference and advertising effectiveness. This negative impact of product-harm crises may differ across recall events depending on media coverage of the event, crisis severity, and consumers' prior beliefs about product quality. We develop a state space model to capture the dynamics in brand preference, advertising effectiveness, and consumer response to product recalls; integrate it with a random coe...
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作者：Pedram, Mahmood; Balachander, Subramanian
作者单位：American University in Dubai (AUD); Purdue University System; Purdue University
摘要：In this paper, we analyze the optimal introduction timing of a seller's products targeted at segments that differ in their willingness to pay for quality. Past studies suggest that an introduction sequence of a high-quality product followed by a lower-quality version of the product may mitigate the cannibalization effects of the low-quality product on profits from the high-quality product. We show that if customers who value quality more possess an outside option such as a substitute product, ...
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作者：Becher, David A.; Cohn, Jonathan B.; Juergens, Jennifer L.
作者单位：Drexel University; University of Pennsylvania; University of Texas System; University of Texas Austin
摘要：This paper investigates the effects of analyst recommendations issued after a merger announcement on deal completion. We find the probability of completion increases (decreases) with the favorability of acquirer (target) recommendations. Results from instrumental variables tests support causality running from recommendations to merger outcomes. Additional tests suggest that these relations are driven by target shareholders reassessing the merger offer in response to movements in acquirer and t...
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作者：Kim, Youngsoo; Krishnan, Ramayya
作者单位：Singapore Management University; Carnegie Mellon University
摘要：Online consumers are uncertain about subjective product quality (e.g., fit and feel of clothing and texture of materials) because of the absence of experiential information. In this paper, we examine the dynamic change of the products purchased online over time in the presence of this type of uncertainty. Using individual-level transaction data, we find that consumers purchase products with a high degree of product uncertainty as their online shopping experiences help them better estimate prod...
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作者：Yang, S. Alex; Birge, John R.; Parker, Rodney P.
作者单位：University of London; London Business School; University of Chicago
摘要：This paper examines how a firm's financial distress and the legal environment regarding the ease of bankruptcy reorganization can alter product market competition and supplier-buyer relationships. We identify three effects-predation, bail-out, and abetment-that can change firms' behavior from their actions in the absence of financial distress. The predation effect increases competition before potential bankruptcy as the nondistressed competitor behaves as if it has some first-mover advantage t...
