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作者：Brueckner, Jan K.; Rosenthal, Stuart S.
作者单位：University of California System; University of California Irvine; Cornell University
摘要：This paper explores the connection between tenant riskiness, commercial lease length, and the term structure of lease contracts. Theory shows that the possibility of default on a long-term lease generates a risk/lease-length connection. The empirical work uses a large CompStak lease data set combined with tenant characteristics (including risk) from Dun & Bradstreet (D&B). Regressions show that lease length is inversely related to the D&B risk measures, as predicted, and that risky tenants pay...
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作者：Castellaneta, Francesco; Conti, Raffaele; Kacperczyk, Aleksandra Joanna
作者单位：Universite Cote d'Azur; SKEMA Business School; ESSEC Business School; University of London; London Business School
摘要：Women remain underrepresented not only as startup founders but also as nonfounding employees (joiners). Yet there is limited understanding of how to address this disparity. Whereas traditional explanations have emphasized individual employment preferences, we shift the focus to employers' decision making. We propose that weaker employment protection-which reduces termination costs-increases women's likelihood relative to men of being hired by startups rather than incumbent firms, as it enhance...
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作者：Zhu, Kai; Shi, Qiaoni; Banerjee, Shrabastee
作者单位：Bocconi University; Tilburg University
摘要：This study investigates the consequences of monetizing a marketplace for product promotion within a digital platform, specifically the Giveaways program on Goodreads.com. Using a natural experiment and fine-grained platform data from 2016 to 2020, we examine how introducing a fixed entry cost for content creators affected both supply and demand in this two-sided market. Our findings reveal significant shifts in marketplace dynamics after monetization: (1) a substantial decrease in overall prog...
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作者：Lowry, Michelle R.; Vance, Anthony; Vance, Marshall D.
作者单位：Virginia Polytechnic Institute & State University; Virginia Polytechnic Institute & State University
摘要：We conduct a field study of boards' emerging responsibility to oversee cybersecurity risk, a setting in which few directors have expertise. We find that, although nonexpert directors may genuinely seek to provide diligent oversight, without expertise their efforts lack substance and therefore are mostly symbolic, even when they perform the same oversight activities as expert directors. We also explore why boards do not prioritize the appointment of cybersecurity experts and show that nonexpert...
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作者：Snyder, Clare; Keppler, Samantha; Leider, Stephen
作者单位：University of Michigan System; University of Michigan
摘要：In algorithm-augmented service contexts where workers have decision authority, they face two decisions about the algorithm: whether to follow its advice and how quickly to do so. The pressure to work quickly increases with the speed of arriving customers. In this paper, we ask the following. How do workers use algorithms to manage system loads? With a laboratory experiment, we find that superior algorithm quality and high system loads increase participants' willingness to use their algorithm's...
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作者：Zhou, Hao; Zhang, Jun
作者单位：Zhejiang University of Finance & Economics; University of Technology Sydney
摘要：This paper establishes the optimal selling mechanism when a seller can incentivize an existing buyer to refer his privately known potential buyer to participate. We identify three optimal channels for providing referral incentives. First, if the existing buyer declares that no potential buyer exists, his virtual value is penalized. Second, if the existing buyer refers the potential buyer to the seller, his virtual value is boosted. Third, in some scenarios where this carrots-and-sticks-via-vir...
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作者：Loch, Christoph; Singhal, Kalyan; Tang, Christopher
作者单位：University of Navarra; IESE Business School; University System of Maryland; University of Baltimore; University of California System; University of California Los Angeles
摘要：Martin K. Starr, aged 97, passed away January 25, 2025. During his 15-year tenure as editor-in-chief of Management Science, he became the longest serving editor of any INFORMS journal. During this period, he published dozens of books and more than 100 articles. Starr made significant contributions to delineating the domain of modern operations and supply chain management, building a framework for system integration, modular design and production, and high-risk systems. This essay intends to un...
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作者：Ogura, Yoshiaki; Okui, Ryo; Saito, Yukiko Umeno
作者单位：Waseda University; University of Tokyo
摘要：This paper develops a theoretical framework for network-motivated forbearance lending, or forbearance lending to influential buyers and sellers in a supply network. Because dominant banks in a financial market internalize the negative externality of an influential firm's exit, they may continue to refinance a loss-making influential firm at an interest rate lower than the prime rate. This type of forbearance lending is distinct from other strategies such as evergreening or gambling for resurre...
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作者：Xu, Kan; Bastani, Hamsa
作者单位：Arizona State University; Arizona State University-Tempe; University of Pennsylvania
摘要：Decision makers often simultaneously face many related but heterogeneous learning problems. For instance, a large retailer may wish to learn product demand at different stores to solve pricing or inventory problems, making it desirable to learn jointly for stores serving similar customers; alternatively, a hospital network may wish to learn patient risk at different providers to allocate personalized interventions, making it desirable to learn jointly for hospitals serving similar patient popu...
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作者：Zou, Fan; Dong, Yan; Hu, Kejia; Venkataraman, Sriram
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of South Carolina System; University of South Carolina Columbia; University of Oxford
摘要：This study examines the impact of mobile virtual network operators (MVNOs) on the performance of mobile network operators (MNOs) in the presence of overlapping generations of wireless mobile network technologies (2G and 3 G). MVNOs distribute MNOs' mobile services to customers without owning any spectrum or network infrastructures, either as a subsidiary (branded MVNOs) or delegated under wholesale agreements with MNOs (third-party MVNOs). We investigate MVNO value chain governance, that is, d...
