2022

最新文章

• The Crowd Classification Problem: Social Dynamics of Binary-Choice Accuracy AI翻译
  作者：Becker, Joshua Aaron; Guilbeault, Douglas; Smith, Edward Bishop
  作者单位：University of London; University College London; University of California System; University of California Berkeley; Northwestern University
  摘要：Decades of research suggest that information exchange in groups and organizations can reliably improve judgment accuracy in tasks such as financial forecasting, market research, and medical decision making. However, we show that improving the accuracy of numeric estimates does not necessarily improve the accuracy of decisions. For binary-choice judgments, also known as classification tasks???for example, yes/no or build/buy decisions???social influence is most likely to grow the majority vote ...
• When Paid Work Gives in to Unpaid Care Work: Evidence from the Hedge Fund Industry Under COVID-19 AI翻译
  作者：Tommar, Sara Ain; Kolokolova, Olga; Mura, Roberto
  作者单位：NEOMA Business School; University of Manchester; Alliance Manchester Business School
  摘要：We examine how childcare inequalities in the home affect the work productivity of female talent, using unique data on the family structures of hedge fund managers and the exogenous shock from school closures during the early COVID-19 pandemic response. We find that female managers' ability to generate abnormal returns is curbed by 9% on average in the shock-month of school closures, providing a direct measure of the cost of unpaid care work. This effect is driven by mothers and especially moth...
• How Do MNEs and Domestic Firms Respond Locally to a Global Demand Shock? Evidence from a Pandemic AI翻译
  作者：Adbi, Arzi; Chatterjee, Chirantan; Mishra, Anant
  作者单位：National University of Singapore; University of Sussex; Indian Institute of Management (IIM System); Indian Institute of Management Ahmedabad; Stanford University; University of Minnesota System; University of Minnesota Twin Cities
  摘要：Global shocks bring unanticipated changes in the business environment of foreign multinational enterprises (MNEs) and rival domestic firms. We examine whether there is a difference between how MNEs and domestic firms react in heterogeneous local or subnational markets to a global demand shock. Leveraging the 2009-2010 H1N1 influenza pandemic as a source of exogenous variation in global demand for influenza vaccines, we investigate the role of subnational heterogeneity in economic resources, in...
• When Is Product Personalization Profit-Enhancing? A Behavior-Based Discrimination Model AI翻译
  作者：Laussel, Didier; Resende, Joana
  作者单位：Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Universidade do Porto
  摘要：This paper investigates duopoly competition when horizontally differentiated firms are able to make personalized product-price offers to returning customers, within a behavior-based discrimination model. In the second period, firms can profile old customers according to their preferences, selling them targeted products at personalized prices. Product-price personalization (PP) allows firms to retain all old customers, eliminating second-period customer poaching. The overall profit effects of P...
• Social Performance Incentives in Mission-Driven Firms AI翻译
  作者：Jung, Sun-Moon; Shin, Jae Yong
  作者单位：Dongguk University; Seoul National University (SNU)
  摘要：We examine the effect of introducing an incentive plan based on social performance in a sample of 186 social mission-oriented firms in Korea. We find that the social performance of social enterprises (SEs) significantly improves over time after adoption of an incentive plan based on social performance, and that the incentive effect increases with managers' perceived measurability of social performance. Moreover, we document that social bonuses do not harm SEs' financial performance and that th...
• I Don't Recall: The Decision to Delay Innovation Launch to Avoid Costly Product Failure AI翻译
  作者：Kim, Byungyeon; Koenigsberg, Oded; Ofek, Elie
  作者单位：Harvard University; University of London; London Business School
  摘要：Innovations embody novel features or cutting-edge components aimed at delivering desired customer benefits. Oftentimes, however, we observe the need to recall new products shortly after their introduction. Indeed, a firm may rush an innovation to market in an attempt to pre-empt rivals and capture early demand, yet in so doing forgo rigorous testing, thus subjecting itself to the risk of a product recall. To shed light on this phenomenon, we construct a dynamic game-theoretic model in which fi...
• Assigning Priorities (or Not) in Service Systems with Nonlinear Costs AI翻译
  作者：Ouyang, Huiyin; Argon, Nilay Tanik; Ziya, Serhan
  作者单位：University of Hong Kong; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
  摘要：For a queueing system with multiple customer types differing in service-time distributions and waiting costs, it is well known that the c mu-rule is optimal if costs for waiting are incurred linearly with time. In this paper, we seek to identify policies that minimize the long-run average cost under nonlinear waiting cost functions within the set of fixed priority policies that only use the type identities of customers independently of the system state. For a single-server queueing system with...
• Are We Strategically Naive or Guided by Trust and Trustworthiness in Cheap-Talk Communication? AI翻译
  作者：Li, Xiaolin; Ozer, Ozalp; Subramanian, Upender
  作者单位：University of London; London School Economics & Political Science; Amazon.com; University of Texas System; University of Texas Dallas
  摘要：Cheap-talk communication between parties with conflicting interests is common in many business and economic settings. Two distinct behavioral economics theories, the trust-embedded model and the level-k model, have emerged to explain how cheap talk works between human decision makers. The trust-embedded model considers that decision makers are motivated by nonpecuniary motives to be trusting and trustworthy. In contrast, the level-k model considers that decision makers are purely self-interest...
• A Theory of Assurance: Balancing Costly Formal Control with Tone at the Top AI翻译
  作者：Penno, Mark
  作者单位：University of Iowa
  摘要：Informal tone at the top (TATT) is widely regarded as a fundamental ingredient of organizational control, yet because of its soft nature, the scholarship on TATT has not emphasized mathematical modeling. Observing that TATT refers to the example set by top management, I model TATT as, ceteris paribus, reflecting the expectation that the chief executive officer (CEO) will not divert organizational resources for personal benefit. The setting assumes that CEOs are randomly drawn from a labor pool...
• Does Nonprofit Ownership Matter for Firm Performance? Financial Distress and Ownership Conversion of Nursing Homes AI翻译
  作者：Lu, Lauren Xiaoyuan; Lu, Susan Feng
  作者单位：Dartmouth College; Purdue University System; Purdue University
  摘要：In the past two decades, many nursing homes converted their ownership status from nonprofit to for-profit (NP-to-FP). These conversions have drawn public scrutiny and triggered a debate about the implications of ownership conversions on nursing home performance. Exploring a nationwide panel data set of U.S. nursing homes from 2006 to 2017, we observe that nursing homes with higher financial distress are associated with higher likelihood of NP-to-FP conversions. The postconversion operating mar...