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作者：Dobson, Gregory; Tezcan, Tolga; Tilson, Vera
作者单位：University of Rochester
摘要：We model a system that consists of a stream of customers processed through three steps by two resources. The first resource, an investigator, handles the first step, in which she collects information from the customer and decides what work will be done in the second step by the second resource, the back office. In the third step, the investigator returns to the customer armed with the additional information or analysis done by the back office and provides the customer with a conclusion, soluti...
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作者：Mahmood, Ishtiaq; Chung, Chi-Nien; Mitchell, Will
作者单位：National University of Singapore; International Institute for Management Development (IMD); Duke University; University of Toronto
摘要：Business groups are key sources of innovation in emerging market economies, but we understand little about why innovativeness differs across groups and over time. Variation in the density of intragroup buyer-supplier ties, which are common structural linkages among group affiliates, can help explain both cross-sectional and temporal heterogeneity of group innovativeness. We argue that greater buyer-supplier density within a group initially creates combinatorial opportunities that contribute to...
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作者：Servaes, Henri; Tamayo, Ane
作者单位：University of London; London Business School; University of London; London School Economics & Political Science
摘要：This paper shows that corporate social responsibility (CSR) and firm value are positively related for firms with high customer awareness, as proxied by advertising expenditures. For firms with low customer awareness, the relation is either negative or insignificant. In addition, we find that the effect of awareness on the CSR-value relation is reversed for firms with a poor prior reputation as corporate citizens. This evidence is consistent with the view that CSR activities can add value to th...
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作者：Shi, Savannah Wei; Wedel, Michel; Pieters, F. G. M. (Rik)
作者单位：Santa Clara University; University System of Maryland; University of Maryland College Park; Tilburg University
摘要：We propose a model of eye-tracking data to understand information acquisition patterns on attribute-by-product matrices, which are common in online choice environments such as comparison websites. The objective is to investigate how consumers gather product and attribute information from moment to moment. We propose a hierarchical hidden Markov model that consists of three connected layers: a lower layer that describes the eye movements, a middle layer that identifies information acquisition p...
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作者：Hu, Xing; Caldentey, Rene; Vulcano, Gustavo
作者单位：University of Oregon; New York University
摘要：We propose a two-stage game-theoretic approach to study the operations of an airline alliance in which independent carriers, managing different reservation and information systems, can collaboratively market and operate codeshare and interline itineraries. In the first-stage game, airlines negotiate fixed proration rates to share the revenues generated by such itineraries. In the second-stage game, airlines operate independent inventory control systems to maximize their own expected revenues. ...
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作者：Cen, Ling; Lu, Hai; Yang, Liyan
作者单位：University of Toronto
摘要：We study the cross-sectional breadth-return relation by assuming that investors subject to market sentiment hold a biased belief in the aggregate. With a dynamic multiasset model, we predict that the breadth-return relationship can be either positive or negative depending on the relative strength of two offsetting forces-disagreement and sentiment. We find evidence consistent with our predictions. The breadth-return relationship is positive when the sentiment effect is small. However, the rela...
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作者：Groysberg, Boris; Healy, Paul; Serafeim, George; Shanthikumar, Devin
作者单位：Harvard University; University of California System; University of California Irvine
摘要：Prior research on equity analysts focuses almost exclusively on those employed by sell-side investment banks and brokerage houses. Yet investment firms undertake their own buy-side research, and their analysts face different stock selection and recommendation incentives than their sell-side peers. We examine the selection and performance of stocks recommended by analysts at a large investment firm relative to those of sell-side analysts from mid-1997 to 2004. We find that the buy-side firm's a...
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作者：Cvitanic, Jaksa; Wan, Xuhu; Yang, Huali
作者单位：Universite Catholique de Lille; EDHEC Business School; Hong Kong University of Science & Technology
摘要：We analyze a novel principal-agent problem of moral hazard and adverse selection in continuous time. The constant private shock revealed at time 0 when the agent selects the contract has a long-term impact on the optimal contract. The latter is based not only on the continuation value of the agent who truthfully reports but is also contingent upon the continuation value of the agent who misreports, called the temptation value. The good agent is retired when the temptation value of the bad agen...
