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作者：Loch, Christoph; Ladas, Konstantinos; Kavadias, Stylianos
作者单位：University of Navarra; IESE Business School; Peking University Shenzhen Graduate School (PKU Shenzhen); Peking University; University of Cambridge
摘要：We develop a dynamic evolutionary model of innovation culture and its organizational effects at three levels. At the frontline level, informal bottom-up innovation ideas are driven by unplanned interactions governed by cultural norms, as frontline employees sort themselves into idea generator or implementor behaviors. Management cannot directly control innovation interactions and thus culture, but it can imperfectly nudge it by influencing a sharing norm at the second level. At the third level...
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作者：Montoldi, Sergio Azzolari
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作者：Brogaard, Jonathan; Sokolov, Konstantin; Zhang, Jiang
作者单位：Utah System of Higher Education; University of Utah; University of Memphis; University of St Thomas Minnesota
摘要：We test competing theories of liquidity dynamics during extreme volatility spikes (EVSs). We find that liquidity providers strategically allow for price pressures and are compensated from correcting pricing errors. As a result, liquidity provision intensifies toward the end of a typical EVS. This goes counter to a widespread concern that marketmaking constraints cause liquidity to deteriorate as EVSs develop. The prevailing limit order book dynamics during EVSs are in line with the socially be...
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作者：Gomes, Francisco; Lopes, Paula; Cocco, Joao F.
作者单位：University of London; London Business School; Centre for Economic Policy Research - UK; University of London; London School Economics & Political Science; Tilburg University
摘要：We use panel data on expected and realized changes in household finances to study the process of expectation formation. Households extrapolate from improvements in financial situation, but deteriorations are associated with an increased dispersion of forecasts, and higher probabilities of both negative and positive forecast errors. Individuals who expect earnings declines to revert too quickly save less and are more likely to be financially worse off again in the future. Learning from past err...
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作者：Hervas-Drane, Andres; Shelegia, Sandro
作者单位：Pompeu Fabra University
摘要：Leading retailers have opened up their online storefronts to competitors by operating marketplaces for third-party sellers. We develop a model of entry and price competition at the product market level to analyze the competitive interactions arising within these retailer-led marketplaces. We show that the retailer benefits from the marketplace by mitigating his own capacity constraints and manages competition from third-party sellers through his control of the storefront: by setting the market...
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作者：Liu, YiChun Miriam; Buschken, Joachim; Orme, Bryan; Allenby, Greg M.
作者单位：University System of Maryland; Towson University; University System of Ohio; Ohio State University
摘要：. Customer preferences for product features play an important role in designing successful goods and services. Preferences for features are typically obtained by utilizing a model of choice where the utility for all but one level of an attribute is estimable. That is, the traditional discrete choice model can provide information on the change in utility between attribute-levels, but cannot separately estimate the utility associated with all levels of an attribute. In this paper, we propose a m...
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作者：Noordermeer, Benjamin; Vorst, Patrick
作者单位：Maastricht University
摘要：We investigate the usefulness of balance sheet disaggregations in the context of forecasting operating asset growth and its implications for revenue growth. We show that models using disaggregated balance sheet information have greater accuracy than models that use only aggregate information, with the most accurate disaggregation scheme separately considering property, plant, and equipment, intangible assets, other noncurrent operating assets, and current operating assets. When investigating m...
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作者：Mayya, Raveesh; Huang, Peng
作者单位：New York University; University of Maryland College Park; University System of Maryland; University of Maryland College Park
摘要：Beyond financial incentives, investments by Corporate Venture Capitalists (CVCs) are often motivated by strategic objectives, such as gaining early exposure to emerging technologies. However, in the presence of information asymmetry, CVCs tend to invest in startups with a high degree of business relatedness-startups that are less risky but lacking in knowledge novelty-which are not ideal for achieving their strategic objectives. With startup accelerators showing promise in mitigating the infor...
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作者：Moshary, Sarah
作者单位：University of California System; University of California Berkeley
摘要：This paper provides empirical evidence on the performance of sponsored search advertising in a case study of an unnamed e-commerce platform. I leverage a field experiment that blocks all sponsored search advertising for 3% of site visitors. The experiment shows that sponsored search advertising both steals business from organic listings and also reduces the total volume of transactions intermediated by the platform. However, in this case study, I find that sponsored search is nonetheless profi...
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作者：Whited, Robert L.
作者单位：North Carolina State University
摘要：Academic journals certify and disseminate scientific knowledge. However, institutional ties between journals and universities can lead to conflicts of interest that compromise peer review. I consider publication patterns in the Top 3 accounting journals in light of the journals' governance structures and institutional ties. The Accounting Review (TAR), governed by the American Accounting Association (AAA), has no university affiliations. Journal of Accounting and Economics (JAE) and Journal of...
