-
作者：Wowak, Kaitlin D.; Busenbark, John R.; Ball, George P.; V. Natarajan, Karthik
作者单位：University of Notre Dame; University of Notre Dame; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; University of Minnesota System; University of Minnesota Twin Cities
摘要：There is growing research exploring the influence of executives' political ideologies on firm strategy, but little is known about how these ideologies influence product quality. Leveraging research that suggests liberal firm leaders prioritize customer safety, whereas conservative firm leaders emphasize firm financial returns, we theorize that a firm's top management team's (TMT's) political ideology influences the number of serious medical product recalls that a firm initiates and how quickly...
-
作者：Knight, Benjamin; Mitrofanov, Dmitry
作者单位：Boston College
摘要：This article may be used only for the purposes of research, teaching, and/or private study. Commercial use or systematic downloading (by robots or other automatic processes) is prohibited without explicit Publisher approval, unless otherwise noted. For more information, contact permissions@informs.org. The Publisher does not warrant or guarantee the article's accuracy, completeness, merchantability, fitness inclusion of an advertisement in this article, neither constitutes nor implies a guaran...
-
作者：Aoki, Kosuke; Michaelides, Alexander; Nikolov, Kalin; Zhang, Yuxin
作者单位：University of Tokyo; Imperial College London; European Central Bank; University of Nottingham Ningbo China
摘要：We estimate a structural, nominal, life-cycle portfolio choice model with exogenous housing tenure and use shopping costs to generate money demand. Homeowners (renters) with negative (positive) net bond positions react differently to changing inflation risks. The correlation between real bond and real stock returns emerges as the strongest inflation risk quantitatively and generates large increases in stock market demand for homeowners in a 1970s counterfactual. Higher expected inflation encou...
-
作者：Karaman, Hulya
作者单位：Singapore Management University
摘要：Motivated by the prevalence of online review creation and solicitation, this paper examines whether posting an online review impacts the reviewer's future spending on the reviewed brand. Identifying the causal effects of posting an online review is challenging because reviewers self-select into posting, making it an endogenous decision. I overcome this challenge by using randomized online review solicitations as an instrument for the endogenous treatment variable of posting an online review an...
-
作者：Guo, Mengzi Amy; Ying, Donghao; Lavaei, Tavad; Shen, Zuo-. Tun Max
作者单位：University of California System; University of California Berkeley; University of Hong Kong; University of Hong Kong
摘要：This work examines the behaviors of the online projected gradient ascent (OPGA) algorithm and its variant in a repeated oligopoly price competition under reference effects. In particular, we consider that multiple firms engage in a multiperiod price competition, where consecutive periods are linked by the reference price update and each firm has access only to its own first-order feedback. Consumers assess their willingness to pay by comparing the current price against the memory-based referen...
-
作者：Bernstein, Ethan; Li, Shelley Xin
作者单位：Harvard University; University of Southern California
摘要：This paper examines how giving front-line employees direct access to their performance data affects performance. To explore that impact, we conducted a field experiment at a service organization that made employees' daily time-use analytics-previously available only to supervisors-simultaneously available to the employees themselves. We find, compared with the preintervention mean value, a significant treatment effect (an 11% decrease) in nonproductive time relative to the control group. That ...
-
作者：Poege, Felix; Gaessler, Fabian; Hoisl, Karin; Harhoff, Dietmar; Dorner, Matthias
作者单位：Bocconi University; Bocconi University; Pompeu Fabra University; Barcelona School of Economics; University of Mannheim; Copenhagen Business School; University of Munich; Centre for Economic Policy Research - UK
摘要：We examine how collaborator loss affects the individual productivity of knowledge workers in corporate research and development (R&D). Specifically, we argue that the effect of such loss depends on whether the lost collaborator was internal or external to the organization, which may have compensatory measures in place to maintain the continuity of R&D efforts. To empirically investigate the effect of internal and external collaborator loss, we leverage 845 unexpected deaths of active inventors...
-
作者：Castro-Pires, Henrique
作者单位：University of Miami
摘要：We analyze the effects of retaliation on optimal contracts in a hierarchy consisting of a principal, a monitor, and an agent. With probability m, the monitor observes a signal about the agent's effort and decides what to report to the principal. With probability (1 - m), the monitor only observes an uninformative default signal realization. The agent retaliates against the monitor and the principal whenever the monitor's report reduces the agent's payment from an endogenously determined defaul...
-
作者：Georghiou, Angelos; Tsoukalas, Angelos; Wiesemann, Wolfram
作者单位：University of Cyprus; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Imperial College London
摘要：We propose conditions under which two-stage distributionally robust optimization problems are optimally solved in affine or K-adaptable affine decision rules. Contrary to previous work, our conditions do not impose any structure on the support of the uncertain parameters, and they ensure pointwise (as opposed to worst case) optimality of (K-adaptable) affine decision rules. The absence of support restrictions allows us to transfer nonlinearities from the problem description to the support via ...
-
作者：Zhang, Wenchang; Elmaghraby, Wedad J.; Kabra, Ashish
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business; University System of Maryland; University of Maryland College Park
摘要：In the race to establish themselves, many early-stage online marketplaces choose to accelerate their growth by adding marquee (established brand name) sellers. We study the implications of marquee seller entry on smaller, unbranded sellers in a marketplace when both unbranded sellers and marquee sellers can vary vertically across reputation (referred to as sellers' quality). Although recent literature has shown that higher-quality unbranded sellers fare better than their lower-quality peers, w...
