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作者：Mayya, Raveesh; Viswanathan, Siva
作者单位：New York University; University System of Maryland; University of Maryland College Park
摘要：In response to users' evolving desire for choice and control over their personal data, numerous platforms across sectors have been updating privacy policies. Unlike public regulations that mandate uniform compliance, many platforms grant a more flexible time window for complementors to adopt privacy policies. Although several studies have examined the impact of privacy policies, the consequences of delayed policy adoption under time flexibility remain largely unexplored. This study is among th...
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作者：Karolyi, Stephen; Ruchti, Thomas; Truong, Phong
作者单位：United States Department of the Treasury; Office of the Comptroller of the Currency; United States Department of the Treasury; Office of Financial Research; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Neuroscience shows that human brains are neurologically constrained to process small numbers linearly and large numbers logarithmically, leading to underreactions to larger numbers as their perceived difference becomes smaller. We test this hypothesis in the context of earnings announcements and find that investors respond less in the short term to earnings news for stocks with high earnings per share magnitudes, exacerbating postearnings announcement drift for these stocks. These findings are...
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作者：Babier, Aaron; Chan, Timothy C. Y.; Diamant, Adam; Mahmood, Rafid
作者单位：University of Toronto; York University - Canada; University of Ottawa
摘要：The topic of learning to solve optimization problems has received interest from both the operations research and machine learning communities. In this paper, we combine ideas from both fields to address the problem of learning to generate decisions to instances of optimization problems with potentially nonlinear or nonconvex constraints where the feasible set varies with contextual features. We propose a novel framework for training a generative model to produce provably optimal decisions by c...
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作者：Conti, Annamaria; Ortega, Leonardo; Sung, Elie
作者单位：IE University; Hautes Etudes Commerciales (HEC) Paris
摘要：While patents have been shown to play a role as barriers to entry, they also reveal information about incumbent strategies and risk being invalidated. We examine the trade-off incumbents face between using their patents ex ante as entry deterrents or ex post once competitors have revealed their moves. Leveraging the unique characteristics of the pharmaceutical sector, in which it is possible to observe exactly when a competitor entry threat materializes, and exploiting exogenous variation in t...
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作者：Yang, Cathy (Liu); Bauer, Kevin; Li, Xitong; Hinz, Oliver
作者单位：Hautes Etudes Commerciales (HEC) Paris; Goethe University Frankfurt
摘要：Amid ongoing policy and managerial debates on keeping humans in the loop of artificial intelligence (AI) decision-making processes, we investigate whether human involvement in AI-based service production benefits downstream consumers. Partnering with a large savings bank in Europe, we produced pure AI and human-AI collaborative investment advice, which we passed to the bank customers and investigated the degree of their advice taking in a field experiment. On the production side, contrary to c...
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作者：Bond, Brittany M.
作者单位：Cornell University
摘要：This paper examines unintended consequences of enforcing a curve on performance rankings. I examine a multinational company where some employees are downgraded from the top levels of rankings due to a strict recognition cutoff. I show that downgraded employees are at least 34% more likely to voluntarily exit, and that attempts by the organization to manage employee concerns, particularly regarding concerns of fairness, envy, and self-image, do not have the intended retention effect. Underrecog...
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作者：Cao, Yufeng; Kleywegt, Anton; Wang, He
作者单位：Shanghai Jiao Tong University; University System of Georgia; Georgia Institute of Technology
摘要：We consider a two-sided marketplace in which a market operator sells services to clients and buys services from vendors. The market operator determines the prices dynamically for both clients and vendors. Services are transacted in discrete units called jobs, and the jobs are characterized by their types, service deadlines, client prices, and vendor prices. Jobs are submitted by clients to the marketplace, and the market operator then lists the available jobs. Vendors can view the available jo...
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作者：Liu, Clark; Qiu, Yancheng; Wang, Shujing; Yeung, P. Eric
作者单位：Tsinghua University; University of Sydney; Tongji University; Cornell University
摘要：We exploit staggered releases of satellite data on parking lot traffic across U.S. retailers and conduct the stacked Poisson regression to identify the causal effect of big data availability on corporate voluntary disclosure. We document a significant decrease in management good news forecasts following the satellite data release, whereas bad news forecasts are unaffected. The asymmetric decrease cannot be explained by the demand-side substitution hypothesis. Our evidence suggests that the sup...
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作者：Rajgopal, Shiva; Srivastava, Anup; Zhao, Rong
作者单位：Columbia University; University of Calgary
摘要：A stark contrast exists between the stated preferences of politicians in the so-called blue states (Democrats) and those in red states (Republicans) on environmental, social, and governance (ESG) matters. We examine whether these polarized political stances are reflected in the investment strategies of respective states' pension funds. We examine a Texas directive that the state agencies divest from investment companies that profess a pro-ESG stance and allegedlyboycott energy stocks. We find ...
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作者：Li, Shelley Xin; Sandino, Tatiana
作者单位：University of Southern California; Harvard University
摘要：Peer networks, such as enterprise social networks (ESNs), can facilitate knowledge transfer across employees. However, such systems can also lead to information overload or difficulty in finding useful information. We examine data from a natural field experiment where a retailer introduced a system for sharing best practices (SSBP) in an existing online peer network, a control mechanism that enables easy access to well-organized best practices from high-performing units. The SSBP did not have ...
