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作者：Pitkajarvi, Aleksi; Vacca, Matteo
作者单位：Vrije Universiteit Amsterdam; Tinbergen Institute; Aalto University; Hanken School of Economics
摘要：Mahmoud [Mahmoud O (2022) The willingness to pay for diversification. Management Sci. 68(8):6235-6249] presents experimental evidence showing that people have an intrinsic preference for diversification that is driven by risk aversion and loss aversion, with risk-averse and loss-averse individuals being more willing to pay for diversification. We document numerous discrepancies between the results reported in the paper and the results calculated from the experimental data. In particular, the d...
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作者：Bellet, Clement S.; Dubois, David; Godart, Frederic
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; INSEAD Business School
摘要：This paper explores whether and how consumers respond to global social movements challenging systemic discrimination and stereotypes. We examine the impact of the #MeToo movement on the market for products with stereotypical markers of femininity. Our analysis of high-frequency stockout and price data from a leading global fashion retailer spans from January 2017 to December 2018 and covers 32 countries, or 89% of the Organization for Economic Cooperation and Development (OECD) population. Usi...
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作者：Shimao, Hajime; Kim, Sung Joo; Khern-Am-Nuai, Warut; Cohen, Maxime C.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Purdue University System; Purdue University; McGill University
摘要：An important debated topic in strategic management concerns the so-called chief executive officer (CEO) effect, which quantifies the impact that CEOs have on the performance of the firms that they lead. Prior literature has empirically investigated the CEO effect and found support for both theses: a significant effect and no effect at all. We note, however, that virtually all prior studies have relied on an empirical specification that leverages in-sample data, which could be unreliable in cer...
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作者：Bonaparte, Yosef; Korniotis, George M.; Kumar, Alok; Michaelides, Alexander; Zhang, Yuxin
作者单位：Children's Hospital Colorado; University of Colorado System; University of Colorado Anschutz; University of Colorado Denver; University of Miami; Imperial College London; University of Nottingham Ningbo China
摘要：A significant portion of U.S. households enters and exits investment accounts. Empirically, income and wealth changes are related to these transitions, with income changes not affecting the retired. A life cycle model with participation costs cannot match the observed ownership dynamics, but an extension with stock market crash better fits the average participation rate and ownership transitions of the middle-aged and retired. This extended model does not match the ownership dynamics of the yo...
