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作者：Anderson, Mark; Sherer, Peter; Yu, Dongning
作者单位：University of Calgary; University of Calgary; Toronto Metropolitan University
摘要：The capability of higher-ability managers to acquire and use resources more efficiently than lower-ability managers suggests a positive linear relation between labor investment efficiency (LIE) and managerial ability (MA). However, a puzzle emerges about how the best managers set themselves apart from their peers, calling into question the linearity of the relation between LIE and MA. We explore this puzzle by asking how the highest-ability managers achieve the highest performance levels. We t...
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作者：Ran, Zhenkai; Rau, P. Raghavendra; Ziegler, Tania
作者单位：University of Cambridge
摘要：This study examines how the level of detail in legal regulations impacts crowdfunding. We find that clear, explicit regulations significantly boost crowdfunding volumes in a global sample of digital finance. Using proxies to measure regulatory detail in three types of countries-countries that sometimes, always, or never had regulation-in a series of difference-in-difference regressions, we show a significant positive relation between regulatory clarity and the level of debt crowdfunding. There...
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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：Steele, Dayton; Emadi, Seyed Morteza; Kesavan, Saravanan
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of North Carolina; University of North Carolina Chapel Hill
摘要：Product drops occur when a retailer releases a limited-edition product line on a specific date for a short period of time. Due to limited inventory of the product and the short sales horizon, a resale market emerges where products may resell at higher prices once the firm stocks out. The firm faces a central tradeoff: pricing too high may lead to a longer stockout time and future markdowns; pricing too low may lead to transfer of profits to resellers. Any firm in this position may ask, How do ...
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作者：de Kok, Ties
作者单位：University of Washington; University of Washington Seattle
摘要：Generative large language models (GLLMs), such as ChatGPT and GPT-4 by OpenAI, are emerging as powerful tools for textual analysis tasks in accounting research. GLLMs can solve any textual analysis task solvable using nongenerative methods as well as tasks previously only solvable using human coding. Whereas GLLMs are new and powerful, they also come with limitations and present new challenges that require care and due diligence. This paper highlights the applications of GLLMs for accounting r...
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作者：Voleti, Sudhir; Malladi, Vishwakant; Sohoni, Milind G.
作者单位：Indian School of Business (ISB); State University of New York (SUNY) System; University at Buffalo, SUNY
摘要：We investigate whether and to what extent financial markets value and respond to operations management (OM)-related information in quarterly earnings calls directed toward financial market participants. We develop and use a novel construct called stated OM focus (SOMF) to mine the incidence of and emphasis on OM information in the quarterly earnings conference calls for a large cross-section of firms (S&P 1500) over a time frame of 15 years. We empirically establish the value-relevance of OM i...
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作者：Fereidouni, Meysam; Nault, Barrie R.
作者单位：Simon Fraser University; University of Calgary
摘要：Despite utilizing technical prevention methods and enacting copyright protection legislation, digital piracy has remained a persistent problem. We examine policy remedies to digital piracy whereby the policymaker has to balance its budget between fines on detected pirates, subsidies for legal purchases, and restitution to the firm. In our model, users choose whether to subscribe, copy, or not use the good, a firm decides on subscription fee and quality, and a policymaker determines subsidies, ...
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作者：Manshadi, Vahideh; Rodilitz, Scott; Saban, Daniela; Suresh, Akshaya
作者单位：Yale University; University of California System; University of California Los Angeles; Stanford University; RAND Corporation
摘要：Two-sided platforms rely on their recommendation algorithms to help visitors successfully find a match. However, on platforms such as VolunteerMatch, which has facilitated millions of connections between volunteers and nonprofits, a sizable fraction of website traffic arrives directly to a nonprofit's volunteering page via an external link, thus bypassing the platform's recommendation algorithm. We study how such platforms should account for this external traffic in the design of their recomme...
