作者：Nagar, Venky; Rajan, Madhav V.; Saouma, Richard
作者单位：University of Michigan System; University of Michigan; Stanford University; University of California System; University of California Los Angeles
摘要：This paper shows that major components of modern manufacturing processes, such as inventory management and cross-training, play a significant control role. In our model, workers possess information that is critical to efficient ongoing operations. An organizational design that motivates workers to optimally apply this information leverages both the production schedule and worker-management communication. Management's use of these controls results in work-in-process (WIP) inventory that appears...
作者：Francis, Jere R.; Huang, Shawn; Khurana, Inder K.; Pereira, Raynolde
作者单位：University of Missouri System; University of Missouri Columbia; University of Arkansas System; University of Arkansas Fayetteville
摘要：This paper examines whether a country's corporate transparency environment, which includes the quality of accounting information, contributes to efficient resource allocation. Based on a cross-country study of 37 manufacturing industries in 37 countries, we provide three pieces of related evidence. First, we find the contemporaneous correlations in industry growth rates across country pairs are higher when there is a greater level of corporate transparency in the country pairs, after controlli...
