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作者：Palmeira, Mauricio; Polman, Evan
作者单位：State University System of Florida; University of South Florida; University of Wisconsin System; University of Wisconsin Madison
摘要：People often consult experts to provide solutions to their problems. Oftentimes, an initial attempt to solve a problem fails, and these experts (e.g., advisors, consultants, specialists, and service providers) will resort to a backup plan. A backup plan can be presented when it is needed (i.e., after an initial failure) or in advance (i.e., before a potential failure). We examine how the timing of disclosure of a backup plan affects judgments of an expert's competence. We show that although pe...
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作者：Chen, Yangyang; Ma, Lijun; Pittman, Jeffrey; Yang, Xin
作者单位：City University of Hong Kong; University of International Business & Economics; Memorial University Newfoundland; Virginia Polytechnic Institute & State University; Shanghai University of Finance & Economics
摘要：We examine whether managers' activities in striving to reach earnings targets through real earnings manipulation affect their firms' product recalls. Our evidence implies that firms suspected of manipulating real activities in trying to meet earnings benchmarks exhibit a higher likelihood and frequency of product recalls. In cross-sectional results consistent with expectations, we find that the impact of exploiting real activities to attain earnings benchmarks on product recalls intensifies fo...
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作者：Coffman, Katherine; Klinowski, David
作者单位：Harvard University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：Across multiple studies, we investigate whether there are gender differences in preferences for receiving performance feedback. We vary many features of the feedback context: whether the performance task is a cognitive test or a mock interview, the feedback is objective or subjective, and it is possible for the provider of the feedback to discriminate on the basis of gender. Consistent with past work, we find that women are less optimistic about their performance than men and that, on average,...
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作者：Epperson, Raphael; Diederich, Johannes; Goeschl, Timo
作者单位：University of Innsbruck; Universitat Kassel; Ruprecht Karls University Heidelberg
摘要：Unit donations are an alternative fundraising scheme in which potential donors choose how many units of a charitable good to fund rather than just giving money. Based on evidence from an online experiment with 8,673 participants, we demonstrate that well-designed unit donation schemes can significantly boost giving above and beyond the standard money donation scheme. A decomposition of the underlying mechanisms shows patterns consistent with the conjecture that unit donations increase impact s...
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作者：Guo, Nan; Kou, Steven; Wang, Bin; Wang, Ruodu
作者单位：Boston University; Chinese Academy of Sciences; University of Waterloo
摘要：We propose a theory for rating financial securities in the presence of structural maximization by the issuer in a market with investors who rely on credit rating. Two types of investors, simple investors who price tranches solely based on the ratings and modelbased investors who use the rating information to calibrate models, are considered. Concepts of self-consistency and information gap are proposed to study different rating criteria. In particular, the expected loss criterion used by Moody...
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作者：Gomes, Francisco; Lopes, Paula; Cocco, Joao F.
作者单位：University of London; London Business School; Centre for Economic Policy Research - UK; University of London; London School Economics & Political Science; Tilburg University
摘要：We use panel data on expected and realized changes in household finances to study the process of expectation formation. Households extrapolate from improvements in financial situation, but deteriorations are associated with an increased dispersion of forecasts, and higher probabilities of both negative and positive forecast errors. Individuals who expect earnings declines to revert too quickly save less and are more likely to be financially worse off again in the future. Learning from past err...
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作者：Guo, Liang
作者单位：City University of Hong Kong
摘要：The supply and the demand for data analytics are growing rapidly. Recent years have seen a surge in the availability of massive consumer data and in the emergence of data sellers (e.g., brokers and intermediaries). Unlike standard products, the value of data analytics for marketers depends on how their business decisions can be enabled and improved. In this paper, we investigate how a monopoly seller can offer a menu of databased service plans to screen heterogenous marketers that can decide w...
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作者：Korgaonkar, Sanket
作者单位：University of Virginia
摘要：This paper offers a novel framework to quantify the expected gains from renegotiating delinquent loans. The framework accounts for important trade-offs between concessions to borrowers, postdelinquency loan performance, and expected collateral values. The framework's parameters are calibrated using data on renegotiated 30-year residential fixed-rate mortgages that went delinquent during the Great Recession. Our model-implied expected gains increase during the 2007-2009 period coinciding with a...
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作者：Arora, Kashish; Gaur, Vishal
作者单位：Chinese University of Hong Kong; Cornell University
摘要：Effective management of a firm's operating cash flow is essential for supporting growth, servicing debt, and maintaining overall financial health. Mismanagement of cash flows can result in severe liquidity challenges and even business failure. However, managing operating cash flow is complex because of its intricate, endogenous relationships with operational variables, like sales, operating costs, inventory, payables, and the impact of exogenous macroeconomic factors on a firm. In this paper, ...
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作者：Burke, Joseph; Sommerfeldt, Ryan D.; Wang, Laura W.
作者单位：Indiana University System; Indiana University Bloomington; Brigham Young University; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Many companies now use peer-recognition systems that allow employees to publicly recognize their peers for positive behaviors. Practitioners have touted the potential for these systems to increase helping among employees. However, the extent to which employees actually use these systems to recognize their peers varies across organizations; some are used broadly by many employees across all functional, specialty, geographic, and hierarchical subgroups of the organization, whereas others are onl...
