6期

最新文章

• Hiring Cheerleaders: Board Appointments of Independent Directors AI翻译
  作者：Cohen, Lauren; Frazzini, Andrea; Malloy, Christopher J.
  作者单位：Harvard University
  摘要：We provide evidence that firms appoint independent directors who are overly sympathetic to management, while still technically independent according to regulatory definitions. We explore a subset of independent directors for whom we have detailed, microlevel data on their views regarding the firm prior to being appointed to the board: sell-side analysts who are subsequently appointed to the boards of companies they previously covered. We find that boards appoint overly optimistic analysts who ...
• Organizational Structure and the Limits of Knowledge Sharing: Incentive Conflict and Agency in Car Leasing AI翻译
  作者：Pierce, Lamar
  作者单位：Washington University (WUSTL)
  摘要：This paper argues that conflicting incentives among managers may impede potential knowledge-sharing benefits from vertical integration. I study knowledge-based agency costs from vertical integration in car leasing, where manufacturer-owned captive lessors compete with independent lessors. Both organizational forms must acquire and integrate diffuse knowledge to accurately predict vehicle depreciation-a condition critical for profitability. Using a data set of 180,000 leases, I compare contract...
• Double Marginalization in Performance-Based Advertising: Implications and Solutions AI翻译
  作者：Dellarocas, Chrysanthos
  作者单位：Boston University
  摘要：An important current trend in advertising is the replacement of traditional pay-per-exposure (pay-per-impression) pricing models with performance-based mechanisms in which advertisers pay only for measurable actions by consumers. Such pay-per-action (PPA) mechanisms are becoming the predominant method of selling advertising on the Internet. Well-known examples include pay-per-click, pay-per-call, and pay-per-sale. This work highlights an important, and hitherto unrecognized, side effect of PPA...
• Information Technology and Trademarks: Implications for Product Variety AI翻译
  作者：Gao, Guodong (Gordon); Hitt, Lorin M.
  作者单位：University System of Maryland; University of Maryland College Park; University of Pennsylvania
  摘要：This paper examines the relationship between information technology (IT) and trademarks. Using an 11-year panel data set (1987-1997) of IT capital Stock, trademark holdings, and other measures for 116 Fortune 1000 manufacturing firms, we find that IT contributes to higher trademark holdings. Further, we find evidence suggesting that firms with more IT capital tend to apply for more new trademarks and retire existing trademarks more quickly, leading to a shorter trademark life cycle. Because tr...
• Consumption Externality and Yield Uncertainty in the Influenza Vaccine Supply Chain: Interventions in Demand and Supply Sides AI翻译
  作者：Arifoglu, Kenan; Deo, Sarang; Iravani, Seyed M. R.
  作者单位：Northwestern University; Indian School of Business (ISB)
  摘要：We study the impact of yield uncertainty (supply side) and self-interested consumers (demand side) on the inefficiency in the influenza vaccine supply chain. Previous economic studies, focusing on demand side, find that the equilibrium demand is always less than the socially optimal demand because self-interested individuals do not internalize the social benefit of protecting others via reduced infectiousness (positive externality). In contrast, we show that the equilibrium demand can be great...
• Reconceptualizing Stars: Scientist Helpfulness and Peer Performance AI翻译
  作者：Oettl, Alexander
  作者单位：University System of Georgia; Georgia Institute of Technology
  摘要：It is surprising that the prevailing performance taxonomy for scientists (star versus nonstar) focuses only on individual output and ignores social behavior, because innovation is often characterized as a communal process. To develop a deeper understanding of the mechanisms by which scientists influence the productivity of others, I expand the traditional taxonomy of scientists that focuses solely on productivity and add a second, social dimension: helpfulness to others. Using a combination of...
• Specialization and Variety in Repetitive Tasks: Evidence from a Japanese Bank AI翻译
  作者：Staats, Bradley R.; Gino, Francesca
  作者单位：University of North Carolina; University of North Carolina Chapel Hill; Harvard University
  摘要：Sustaining operational productivity in the completion of repetitive tasks is critical to many organizations' success. Yet research points to two different work-design-related strategies for accomplishing this goal: specialization to capture the benefits of repetition and variety (i.e., working on different tasks) to keep workers motivated and provide them opportunities to learn. In this paper, we investigate how these two strategies may bring different productivity benefits over time. For our ...