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作者：Kulkarni, Nirupama; Ritadhi, S. K.; Vij, Siddharth; Waldock, Katherine
作者单位：Reserve Bank of India; Occidental College; Ashoka University; University System of Georgia; University of Georgia
摘要：Ritadhi; , Siddharth Vij; , Katherine Waldock (2025) Unearthing Zombies. Management
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作者：Zhu, Xinrong
作者单位：Imperial College London
摘要：This paper studies category captaincy, a vertical relationship where retailers delegate shelf placement and pricing decisions of an entire product category to one of the leading manufacturers within that category. These contracts involve preferential treatment given to certain brands within the retailer. However, they are confidential, and empirical analysis has been limited. To study the prevalence and welfare impact of these contracts, I develop a novel approach to infer the presence of capt...
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作者：Bucher-Koenen, Tabea; Alessie, Rob; Lusardi, Annamaria; van Rooij, Maarten
作者单位：University of Mannheim; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); University of Groningen; Stanford University; European Central Bank; European Central Bank; De Nederlandsche Bank NV
摘要：Women are less financially literate than men, and it has been difficult to determine whether this gap reflects a lack of knowledge or, rather, a lack of confidence. To address this important research question, we designed two survey modules that enable us to calculate the extent to which confidence matters for both financial literacy and behavior. We developed and estimated a model that provides a new measure of financial literacy and disentangles confidence from knowledge. We find that confid...
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作者：Kim, In Kyung; Kim, Kyoo Il
作者单位：Sogang University; Michigan State University
摘要：We study the impact of a boycott on one of the largest Korean dairy producers, triggered by the exposure of the firm's unethical management practices, on sales of its own and others. We find empirical evidence that the boycott had substantial and long-lasting consequences. First, consumer utility from the boycotted products decreased significantly, reflecting consumers' strong willingness to take part in collective action. Second, our discrete choice demand model, which addresses both price en...
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作者：Sohl, Timo; Folta, Timothy B.
作者单位：Pompeu Fabra University; University of Connecticut
摘要：The topic of related diversification is of fundamental interest to corporate strategy research. However, the understanding of how the potential for resource redeployment might encourage related diversification is limited. This paper explores the impact of the 2006 German real estate transfer tax (RETT) reform, which led to higher RETT rates but retained the exemption from RETT for corporate restructurings. We propose that firms might have reacted strategically to the threat of higher transfer ...
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作者：Opitz, Saskia; Sliwka, Dirk; Vogelsang, Timo; Zimmermann, Tom
作者单位：University of Cologne; Max Planck Society; Frankfurt School Finance & Management; University of Cologne
摘要：The assignment of individuals with different observable characteristics to different treatments is a central question in designing optimal policies. We study this question in the context of increasing workers' performance via targeted incentives using machine learning algorithms with worker demographics, personality traits, and preferences as input. Running two large-scale experiments, we show that (i) performance can be predicted by accurately measured worker characteristics, (ii) a machine l...
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作者：Gaessler, Fabian; Harhoff, Dietmar; Sorg, Stefan; von Graevenitz, Georg
作者单位：Pompeu Fabra University; Barcelona School of Economics; University of Munich; Centre for Economic Policy Research - UK; University of London; Queen Mary University London
摘要：We study the blocking effect of patents on follow-on innovation by others. We posit that follow-on innovation requires freedom to operate (FTO), which firms typically obtain through a license from the patentee holding the original innovation. Where licensing fails, follow-on innovation is blocked unless firms gain FTO through patent invalidation. Using large-scale data from post -grant oppositions at the European Patent Office, we find that patent invalidation increases follow-on innovation, m...
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作者：Cahn, Christophe; Duquerroy, Anne; Mullins, William
作者单位：European Central Bank; Bank of France; University of California System; University of California San Diego
摘要：Firms with only one bank relationship make up the majority of firms in many economies. This paper explores whether policy-driven lending is differentially transmitted to single-bank firms in comparison with the multibank firms that are the focus of the literature. Using unique variation in the ECB's very long-term refinancing operations (VLTROs), which affected lending to firms discontinuously across credit ratings but within banks, we find selective transmission of VLTRO liquidity to single-b...
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作者：Cadman, Brian; Ferracuti, Elia
作者单位：Utah System of Higher Education; University of Utah; Duke University
摘要：We investigate the relation between the usefulness of earnings and firm cost structure. We document that the usefulness of earnings to external users decreases in the degree of operating leverage, which measures the proportion of fixed to variable costs, and that this decline extends at least partially from the relation between the degree of operating leverage and two earnings properties: aggressive revenue recognition to meet an earnings target and earnings volatility. Our results illustrate ...
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作者：Bogliacino, Francesco; Grimalda, Gianluca; Pipke, David
作者单位：Catholic University of the Sacred Heart; University of Passau
摘要：The gift exchange hypothesis posits that workers reciprocate above-market wages with increased productivity. This paper tests this hypothesis in a natural field experiment where one or both workers in a pair received a discretionary bonus after an initial round of data entry tasks. Bonuses were assigned based on one of three criteria: (i) relative productivity in the initial round, (ii) economic need, or (iii) an arbitrary decision. Two conditions where neither or both workers received a bonus...
