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作者：Gkikopoulos, Spyridon; Lee, Edward; Stathopoulos, Konstantinos
作者单位：University of Manchester; Alliance Manchester Business School
摘要：We examine the relation between corporate tax planning and firm-level productivity. Using a sample of U.S. public firms from 1993 to 2017, we find that tax planning is positively associated with productivity. Our findings further indicate that tax planning contributes to growth in production input factors: capital and labor. We also test the underlying mechanisms, documenting that the observed association between productivity and tax planning is more pronounced in financially constrained and k...
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作者：Levi, Retsef; Paulson, Elisabeth; Perakis, Georgia
作者单位：Massachusetts Institute of Technology (MIT); Harvard University
摘要：The trend toward inclusivity in product and service design-ensuring equal access to, or benefit from, products and services-has gained significant attention in industries such as beauty, wellness, and fashion. However, to our knowledge, there is currently no rigorous definition of inclusivity in the product line design or assortment optimization literature. This paper addresses the need for rigorous models, frameworks, and methods to create inclusive product lines and to measure the inclusivit...
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作者：Wu, Jane
作者单位：University of California System; University of California Los Angeles
摘要：Most regulations are operationalized through metrics: numerical thresholds, targets, or test procedures that translate broad policy objectives into enforceable rules. Yet we know little about how these metrics shape firms' strategic behavior. This paper aims to fill this gap by studying the introduction of the side impact dummy (SID) in U.S. automotive regulation, which established a regulatory metric based on the average male-sized body. Using detailed data on U.S. vehicular accidents, I find...
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作者：Jenkinson, Tim; Jones, Howard; Rauch, Christian
作者单位：University of Oxford
摘要：We analyze how private equity funds (general partners (GPs)) sell down their stakes in companies they take public. GPs earn private equity management fees and carried interest on public equity holdings. The average duration of post-initial public offering (IPO) holdings is three years, whereas lockups expire after six months. Private equity-backed IPOs perform well during the lockup, but we find no evidence that GPs add value for investors through the timing of their aftermarket sell-down stra...
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作者：Banerjee, Ritwik; Mustafi, Priyoma
作者单位：Indian Institute of Management (IIM System); Indian Institute of Management Bangalore; Ahmedabad University
摘要：Research shows that women volunteer significantly more for tasks that people prefer others to complete. Such tasks carry little monetary incentives because of their very nature. We use a modified version of the volunteer's dilemma game to examine if nonmonetary interventions, particularly social recognition, can be used to reduce the gender gap associated with such tasks. We conduct a laboratory experiment with three treatments where (a) a volunteer receives positive social recognition, (b) a ...
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作者：Hoffmann, Manuel; Mosquera, Roberto; Chadi, Adrian
作者单位：University of California System; University of California Irvine; University of Southampton
摘要：Health campaigns in firms could be a cost-effective approach to reduce sickness absence and to mitigate negative economic consequences of ill health among employees. Low participation rates, however, may prevent firms from realizing such private economic benefits. Moreover, employees may overestimate the effects of the campaign and engage in risky behaviors that could be detrimental to their health, thereby reducing the potential benefits of the intervention. We ran a natural field experiment ...
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作者：Joo, Joonhwi; Chiong, Khai X.
作者单位：University of Texas System; University of Texas Dallas
摘要：Many firms conduct A/B tests to find a marketing action that improves a value of interest, such as revenue or profit. We develop the asymptotic minimax regret (AMMR) criterion, a practical decision-theoretic approach for choosing among binary marketing actions based on A/B tests. The AMMR is a general large-sample approximation of the minimax-regret criterion from a frequentist standpoint. Our method directly optimizes the decision-relevant metric, accounting for the product of the error proba...
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作者：Fan, Jianqing; Liu, Qingfu; Wang, Bo; Zheng, Kaixin
作者单位：Princeton University; Fudan University; Shanghai Jiao Tong University
摘要：We propose a financial statement (FS) fraud detection framework, called PeerMeta, that makes improvements in all three components of the detection procedure: label measurement, feature set, and detection model. For the label measurement, prior studies mainly adopt FS fraud events that have already been disclosed and confirmed. We construct a new measure based on news coverage that can reflect unrevealed FS fraud behaviors as well. For the feature set, we innovatively add peer factors learned t...
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作者：Brueckner, Jan K.; Rosenthal, Stuart S.
作者单位：University of California System; University of California Irvine; Cornell University
摘要：This paper explores the connection between tenant riskiness, commercial lease length, and the term structure of lease contracts. Theory shows that the possibility of default on a long-term lease generates a risk/lease-length connection. The empirical work uses a large CompStak lease data set combined with tenant characteristics (including risk) from Dun & Bradstreet (D&B). Regressions show that lease length is inversely related to the D&B risk measures, as predicted, and that risky tenants pay...
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作者：Castellaneta, Francesco; Conti, Raffaele; Kacperczyk, Aleksandra Joanna
作者单位：SKEMA Business School; Universite Cote d'Azur; ESSEC Business School; University of London; London Business School
摘要：Women remain underrepresented not only as startup founders but also as nonfounding employees (joiners). Yet there is limited understanding of how to address this disparity. Whereas traditional explanations have emphasized individual employment preferences, we shift the focus to employers' decision making. We propose that weaker employment protection-which reduces termination costs-increases women's likelihood relative to men of being hired by startups rather than incumbent firms, as it enhance...
