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作者：Cai, Xiqian; Gong, Jie; Lu, Yi; Zhong, Songfa
作者单位：Xiamen University; National University of Singapore; Tsinghua University; National University of Singapore
摘要：This paper investigates the effect of work interruption on workers' subsequent productivity. We employ a data set of individual productivity and machine conditions, in which each worker faces the chance, on a daily basis, that her machine will break down randomly. Our analysis finds that compared to a workday with smooth production, experiencing a machine breakdown is associated with a 3.3 percentage point decline in the worker's productivity the following day. We discuss possible explanations...
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作者：Col, Burcin; Durnev, Art; Molchanov, Alexander
作者单位：Pace University; University of Iowa; Massey University
摘要：We argue in this paper that firms with foreign operations misallocate capital and underperform when they face political instability abroad. We develop and test a dynamic model of firm capital allocation under foreign political instability. The model shows that as a political regime becomes less stable, independent of whether the regime becomes less business-friendly or more business-friendly, firms invest suboptimally (i.e., they either overinvest or underinvest), and their marginal q's diverg...
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作者：Cookson, J. Anthony
作者单位：University of Colorado System; University of Colorado Boulder
摘要：Using new data on entry plans into the American casino industry, I find that incumbent firms invest in physical capacity when threatened with a nearby entry plan, and these strategic investments deter eventual entry. Consistent with an entry-deterrence motive, incumbents respond to the threat of entry when entry is uncertain, but not when entry is assured. The average capacity expansion of 2,300 square feet is associated with a 6.8-percentage-point greater likelihood that the entry plan fails....
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作者：Exley, Christine
作者单位：Harvard University
摘要：Do monetary incentives encourage volunteering? Or, do they introduce concerns about appearing greedy and crowd out the motivation to volunteer? Since the importance of such image concerns is normally unobserved, the answer is theoretically unclear, and corresponding empirical evidence is mixed. To help counter this ambiguity, this paper proposes that the importance of image concerns-such as the desire to appear prosocial and not to appear greedy-relates to individuals' volunteer reputations. E...
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作者：Choe, Chongwoo; King, Stephen; Matsushima, Noriaki
作者单位：Monash University; University of Osaka
摘要：We present a model of dynamic competition between two firms where firms gather customer information through first-period purchase. This creates asymmetric information in the second period whereby a firm knows more about its own past customers than its competitor does. We examine how the ability to offer personalized prices based on customer information affects prices and profit over the two periods. When product differentiation is exogenously fixed, asymmetric information leads to two asymmetr...
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作者：Sterling, Adina D.; Fernandez, Roberto M.
作者单位：Stanford University; Massachusetts Institute of Technology (MIT)
摘要：Although women pursue managerial credentials at nearly the same rate as men, gender disparities in wages exist because of the shortfall in wages women sustain relative to men at the onset of their careers. This article develops a tryout approach to test for the presence of demand-side contributions to initial wage inequality while also developing and testing theory on why it may be lessened through internships. Using detailed data on graduates from an elite management program from 2009-2010, o...
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作者：Wang, Weiquan; Xu, Jingjun (David); Wang, May
作者单位：City University of Hong Kong; Beijing Normal University; Beijing Normal-Hong Kong Baptist University
摘要：We extend the extant research on neutral recommendation agents (RAs) to those that lack recommendation neutrality and are biased toward sponsors. We first investigate the effects of recommendation neutrality on users' trust and distrust in RAs by comparing a biased RA with sponsorship disclosure with a neutral RA. We then apply a contingency approach to examine the effects of sponsorship disclosure on users' trust and distrust in biased RAs, with explanations for organic recommendations as a c...
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作者：Aseri, Manmohan; Dawande, Milind; Janakiraman, Ganesh; Mookerjee, Vijay
作者单位：University of Texas System; University of Texas Dallas
摘要：Mobile-promotion platforms enable advertisers (individual users or businesses) to directly launch their personalized mobile advertising campaigns. These platforms contract with advertisers to provide a certain number of impressions on mobile apps in their desired sets of geographic locations (usually cities or zip codes) within their desired time durations (for example, a month); the execution of each such a contract is referred to as a campaign. To fulfill the demands of the campaigns, the pl...
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作者：Chava, Sudheer; Huang, Kershen; Johnson, Shane A.
作者单位：University System of Georgia; Georgia Institute of Technology; Bentley University; Texas A&M University System; Texas A&M University College Station; Mays Business School
摘要：We study the dynamics of borrower reputation in bank loan markets following revelations of financial misreporting by the borrower. Misreporting firms pay greater loan spreads than matched firms for at least six years following revelation of the misreporting, and there is no evidence of a downward trend in the misreporting premium. Following revelation, misreporting firms are more likely to engage in various actions to potentially rebuild their reputations, but even firms that engage in multipl...
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作者：Chu, Jenny; Faasse, Jonathan; Rau, P. Raghavendra
作者单位：University of Cambridge
摘要：We investigate the impact of a firm's compensation consultant choice on executive compensation by examining shifts in consultant choice stemming from a 2009 U.S. Securities Exchange Commission requirement that firms disclose fees paid to compensation consultants for both consulting and other services. We show that the disclosure rule change acted as a separating device distinguishing firms likely to have used compensation consultants to extract rents from shareholders from firms that were like...
