2022

最新文章

• What's in a Name? Eponymous Private Firms and Financial Reporting Quality AI翻译
  作者：Minichilli, Alessandro; Prencipe, Annalisa; Radhakrishnan, Suresh; Siciliano, Gianfranco
  作者单位：Bocconi University; Bocconi University; University of Texas System; University of Texas Dallas; China Europe International Business School
  摘要：This study examines the relation between financial reporting quality (FRQ) and eponymy, that is, naming a firm after the founder. We hypothesize that compared with noneponymous firms, eponymous firms have higher FRQ because of reputation concerns. Using a sample of 2,271 large Italian private firms, we document that eponymy is positively associated with accrual-based FRQ measures, a Benford's law-based FRQ measure, and a tax-related misstatement-based FRQ measure. Consistent with the reputatio...
• Prescriptive Analytics for Flexible Capacity Management AI翻译
  作者：Notz, Pascal M.; Pibernik, Richard
  作者单位：University of Wurzburg
  摘要：Motivated by the real-world problem of a logistics company, this paper proposes a novel distribution-free prescriptive analytics approach-termed kemelized empirical risk minimization (kemelized ERM)-to solve a complex two-stage capacity planning problem with multivariate demand and vector-valued capacity decisions and compares this approach both theoretically and numerically with an extension of the well-known sample average approximation (SAA) approach termed weighted SAA. Both approaches use...
• The Price of Imposing Vertical Equity Through Asymmetric Outcome Constraints AI翻译
  作者：Breugem, Thomas; Van Wassenhove, Luk N.
  作者单位：INSEAD Business School
  摘要：Vertical equity or fairness is an important aspect in many settings, yet has received relatively little attention in the literature. Recent developments underline the practical relevance (e.g., COVID-19 vaccination policies). It plays an important role in the permight require a family-planning organization to allocate a minimum fraction of the total utility (client volume) to a particular player (the high-impact subgroup of the population, e.g., young and poor clients). However, the price (dec...
• Designing Entry Strategies for Subscription Platforms AI翻译
  作者：Gal-Or, Esther; Shi, Qiaoni
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Bocconi University
  摘要：We consider a subscription platform that offers services to variety-seeking consumers who incorporate transportation costs in their decision of how many and which vendor services to consume. ClassPass in fitness and MoviePass in entertainment are examples of such platforms. We find that for the platform to be successful, it should enter markets where consumers' added benefit from patronizing more than one vendor is relatively high, thus strengthening the position of the platform in negotiation...
• The Value of Autonomous Vehicles for Last-Mile Deliveries in Urban Environments AI翻译
  作者：Reed, Sara; Campbell, Ann Melissa; Thomas, Barrett W.
  作者单位：University of Iowa; University of Iowa
  摘要：We demonstrate that autonomous-assisted delivery can yield significant improvements relative to today's system in which a delivery person must park the vehicle before delivering packages. We model an autonomous vehicle that can drop off the delivery person at selected points in the city where the delivery person makes deliveries to the final addresses on foot. Then, the vehicle picks up the delivery person and travels to the next reloading point. In this way, the delivery person would never ne...
• 3D Printing and Product Assortment Strategy AI翻译
  作者：Dong, Lingxiu; Shi, Duo; Zhang, Fuqiang
  作者单位：Washington University (WUSTL); The Chinese University of Hong Kong, Shenzhen
  摘要：3D printing, as a production technology, differs from conventional technologies in three characteristics: design freedom-that is, it can handle certain product designs that conventional technologies cannot; quality distinction-that is, depending on the focal quality dimension, it can lead to a quality level superior or inferior to that of conventional technologies; and natural flexibility-that is, it is endowed with capacity flexibility without sacrificing operational efficiency. This paper in...
• A Framework for Analyzing Influencer Marketing in Social Networks: Selection and Scheduling of Influencers AI翻译
  作者：Mallipeddi, Rakesh R.; Kumar, Subodha; Sriskandarajah, Chelliah; Zhu, Yunxia
  作者单位：Tulane University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Nebraska System; University of Nebraska Lincoln
  摘要：Explosive growth in the number of users on various social media platforms has transformed the way firms strategize their marketing activities. To take advantage of the vast size of social networks, firms have now turned their attention to influencer marketing wherein they employ independent influencers to promote their products on social media platforms. Despite the recent growth in influencer marketing, the problem of network seeding (i.e., identification of influencers to optimally post a fi...
• Fending Off Critics of Platform Power with Differential Revenue Sharing: Doing Well by Doing Good? br AI翻译
  作者：Bhargava, Hemant K.; Wang, Kitty; Zhang, Xingyue (Luna)
  作者单位：University of California System; University of California Davis; University of Houston System; University of Houston; University of Washington; University of Washington Tacoma
  摘要：Many digital platforms have accrued enormous power and scale, leveraging cross-side network effects between the sides they connect (e.g., producers and consumers or creators and viewers). Platforms motivate a diverse spectrum of producers, large and small, to participate by sharing platform revenue with them, predominantly under a linear revenue-sharing scheme with the same commission rate regardless of producer power or size. Under pressure from society, lawsuits, and antitrust investigations...
• Firm-Specific Risk-Neutral Distributions with Options and CDS AI翻译
  作者：Aramonte, Sirio; Jahan-Parvar, Mohammad R.; Rosen, Samuel; Schindler, John W.
  作者单位：Bank for International Settlements (BIS); Federal Reserve System - USA; Federal Reserve System Board of Governors; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
  摘要：We propose a method to extract the risk-neutral distribution of firm-specific stock returns using both options and credit default swaps (CDS). Options and CDS provide information about the central part and the left tail of the distribution, respectively. Taken together, but not in isolation, options and CDS span the intermediate part of the distribution, which is driven by exposure to the risk of large, but not extreme, returns. Through a series of asset-pricing tests, we show that this interm...
• The Important Role of Time Limits When Consumers Choose Their Time in Service AI翻译
  作者：Feldman, Pnina; Segev, Ella
  作者单位：Boston University; Ben-Gurion University of the Negev
  摘要：A main challenge that service providers face when managing service systems is how to generate value and regulate congestion at the same time. To this end, classical queueing models suggest managers charge per-use fees and invest in capacity to speed up the service. However, in discretionary services, in which consumers value time in service and choose how long to stay, per-use fees result in suboptimal performance and speeding up does not apply. We study a queueing model of a service provider ...