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作者：Berinsky, Adam J.; Halpern, Daniel; Halpern, Joseph Y.; Jadbabaie, Ali; Mossel, Elchanan; Procaccia, Ariel D.; Revel, Manon
作者单位：Massachusetts Institute of Technology (MIT); Harvard University; Cornell University; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要：The dynamics of random transitive delegations on a graph are of particular interest when viewed through the lens of an emerging voting paradigm: liquid democracy. This paradigm allows voters to choose between directly voting and transitively delegating their votes to other voters so that those selected cast a vote weighted by the number of delegations that they received. In the epistemic setting, where voters decide on a binary issue for which there is a ground truth, previous work showed that...
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作者：Cunat, Vicente; Groen-Xu, Moqi
作者单位：University of London; London School Economics & Political Science; University of London; Queen Mary University London
摘要：Investors have limited and time-varying attention. These constraints are heterogeneous across investors, which can create asymmetric information and adverse selection problems. We show how firms take these constraints into account: They release harder-toprocess news in periods when investor attention is higher. We use an institutional discontinuity within the U.S. corporate filing system to measure these effects. Filings before 5:30 p.m. become available immediately, whereas filings after 5:30...
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作者：Marinoni, Astrid; Roche, Maria P.
作者单位：University System of Georgia; Georgia Institute of Technology; Harvard University
摘要：This paper examines the impact of the expansion of the U.S. Postal Service in the late 19th century on firm creation and performance. Utilizing newly digitized archival data on historic business establishments, post office locations, and road networks in California, our study identifies a positive relationship between the expansion of the Postal Service and the emergence of new firms. To address endogeneity concerns, we leverage an unexpected change in the Postal Service route network. Our fin...
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作者：Acharya, Viral; Plantin, Guillaume
作者单位：Centre for Economic Policy Research - UK; New York University; National Bureau of Economic Research; Institut d'Etudes Politiques Paris (Sciences Po)
摘要：We study a model in which a low monetary policy rate lowers the cost of corporate debt, potentially spurring productive investment; low interest rates, however, also induce firms to lever up so as to increase payouts to equity. Whereas such leveraged payouts privately benefit shareholders, leverage comes at the social cost of distorting their incentives, thereby lowering productivity and discouraging investment. If leverage is unregulated (for example, because of the presence of a shadow banki...
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作者：Linos, Elizabeth; Mobasseri, Sanaz; Roussille, Nina
作者单位：Harvard University; Boston University; Massachusetts Institute of Technology (MIT)
摘要：This paper investigates how having more White coworkers influences the subsequent retention and promotion of Black women relative to other race-gender groups. Studying 9,037 new hires at a professional services firm, we first document large racial turnover and promotion gaps: Even after controlling for observable characteristics, Black employees are 6.7 percentage points (32%) more likely to turn over within two years and 18.7 percentage points (26%) less likely to be promoted on time than the...
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作者：Chen, Yasheng; Presslee, Adam; Yang, Sue
作者单位：Xiamen University; University of Waterloo; Texas Tech University System; Texas Tech University
摘要：Variation in functional expertise is an important decision that managers face when designing teams tasked with being creative. We develop theory that predicts that functional diversity has countervailing effects on team creativity through its positive (negative) effect on the uniqueness (usefulness) of the proposals generated. We conduct an experiment where functionally homogeneous or heterogeneous two-person teams are tasked with proposing a creative use for an unused university space. We mea...
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作者：Waisman, Caio; Gordon, Brett R.
作者单位：Northwestern University
摘要：Randomized experiments with treatment and control groups are an important tool to measure the impacts of interventions. However, in experimental settings with onesided noncompliance extant empirical approaches may not produce the estimands a decision maker needs to solve the problem of interest. For example, these experimental designs are common in digital advertising settings but typical methods do not yield effects that inform the intensive margin: how many consumers should be reached or how...
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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
