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作者：La Forgia, Ambar; Bodner, Julia
作者单位：University of California System; University of California Berkeley; Copenhagen Business School
摘要：Acquisitions by corporate entities have fueled the growth of chain organizations in healthcare. A chain is a multiunit firm under the same ownership and management providing similar services in different locations. Chain ownership has been credited with boosting firm performance in the retail and service sectors but has been criticized for prioritizing profits over the well-being of patients in the healthcare sector. This paper finds that chain ownership improves healthcare outcomes in the mar...
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作者：Bru, Alissa I.; Jacob, Martin; Schu, Harm H.
作者单位：University of Navarra; IESE Business School; Tilburg University
摘要：We investigate the association between technological changes and corporate tax policies in 34 OECD countries between 1996 and 2016. We use a shift -share design to capture the differential exposure of countries to U.S. technological advancements. Our study shows that countries' antitax avoidance rules are tightened as their exposure to U.S. technological advancements increases. The tightening is particularly concentrated in countries that are larger, more exposed to intangibles, and have highe...
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作者：Havakhor, Taha; Rahman, Mohammad Saifur; Zhang, Tianjian; Zhu, Chenqi
作者单位：McGill University; Purdue University System; Purdue University; University of California System; University of California Irvine
摘要：Advancements in technology have reduced information acquisition costs, creating an improved information environment for retail investors. Specifically, new technologies, such as application programming interface (API), deliver high -volume, institutionallike raw data directly to Main Street investors. Although greater availability of information can be beneficial, it may also exacerbate retail investors' existing trading deficiencies. Exploiting the sudden shutdown of Yahoo! Finance API, the l...
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作者：Kong, Dongmin; Lin, Chen; Liu, Shasha; Xuan, Yuhai
作者单位：Zhongnan University of Economics & Law; Huazhong University of Science & Technology; University of Hong Kong; Jinan University; University of California System; University of California Irvine
摘要：Government ownership of financial intermediaries is pervasive around the world. In this study, we examine the impact of common government ownership between the brokerage and listed firms on the information production role of brokerage firms. We show that affiliated analysts tend to issue more optimistic recommendations for stocks of firms controlled by the same government entity that controls their brokerage firms. This optimistic bias is particularly pronounced during periods of economic shoc...
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作者：Impink, Stephen Michael; Prat, Andrea; Sadun, Raffaella
作者单位：Hautes Etudes Commerciales (HEC) Paris; Columbia University; Harvard University
摘要：This paper uses novel, firm-level communication measures derived from communications metadata several months before and after a CEO transition for 102 firms to study whether and how this organizational event is reflected in employees' communication flows. We find that CEO turnover is associated with an initial decrease in intrafirm communication (-20% relative to the pre-CEO transition period), followed by a significant increase approximately five months after the CEO turnover (+20% relative t...
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作者：Duffy, John; Friedman, Daniel; Rabanal, Jean Paul; Rud, Olga A.
作者单位：University of California System; University of California Irvine; University of Osaka; University of California System; University of California Santa Cruz; University of Essex; Universitetet i Stavanger
摘要：We report a laboratory experiment examining how demand for exchange- traded fund (ETF) index products affects the prices and trading volume of assets. We compare an environment where the ETF index includes all assets against an environment where a redundant asset is excluded from the index. We find that (i) subjects place significant value on the ETF index asset beyond the value of its constituent assets; (ii) there is a substantial index premium for included assets; and (iii) the index premiu...
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作者：Qian, Kun; Jain, Sanjay
作者单位：Southern University of Science & Technology; University of Massachusetts System; University of Massachusetts Amherst; University of Texas System; University of Texas Dallas
摘要：The success of digital content platforms, such as YouTube, relies on both the creativity of independent content creators and the efficiency of content distribution. By sharing advertising revenue with content creators, these platforms can motivate creators to exert greater effort. Most platforms use recommendation systems to deliver personalized content recommendations to each consumer. As creators' revenues are contingent on their demand, the demand allocation criteria inherent in the recomme...
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作者：Alan, Sule; Corekcioglu, Gozde; Kaba, Mustafa; Sutter, Matthias
作者单位：Cornell University; Ihsan Dogramaci Bilkent University; Koc University; Max Planck Society; University of Cologne; University of Innsbruck
摘要：Using data from over 2,000 professionals in 24 large corporations in Turkiye, we explore the relationship between female leadership and the relational culture in the workplace. First, we document that although male and female leaders possess equal cognitive capacity, they diverge in socioemotional characteristics. Next, we show that the relational dynamics in the workplace are different under male and female leadership. Male employees form homophilic professional ties under male leadership, wh...
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作者：Aouad, Ali; Deshmane, Abhishek; Martinez-de-Albenizc, Victor
作者单位：Massachusetts Institute of Technology (MIT); University System of Georgia; Georgia Institute of Technology; University of Navarra; IESE Business School
摘要：A fundamental issue faced by experience providers-ranging from retail to culture-is displaying a collection of items for physical and digital interactions. The arrangement of the exhibits in different locations, which we call the layout, affects the visitors' choices over time and space, thereby driving their engagement with the offered experience. In a collaboration with the Van Gogh Museum (Netherlands), we develop a predict-then-optimize framework to inform such operational decisions. First...
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作者：Chen, Li; Lee, Hau; Yao, Shiqing
作者单位：Cornell University; Stanford University; Monash University
摘要：Using agile supply chains, fast fashion companies have been viewed as best practice examples in industries. Prior research focuses on how agility can equip such companies with strong sense-and-respond capabilities to identify and fulfill unpredictable customer demands. There is another powerful dimension of agility-the ability to create new products frequently-that has enabled recent market success of companies such as Shein and Temu, labeled by some industry press as ultra-fast fashion. These...
