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作者：Schram, Arthur; Charness, Gary
作者单位：University of Amsterdam; University of California System; University of California Santa Barbara
摘要：Social norms involve observation by others and external sanctions for violations, whereas moral norms involve introspection and internal sanctions. To study such norms and their effects, we design a laboratory experiment. We examine dictator choices, where we create a shared understanding by providing advice from peers with no financial payoff at stake. We vary whether advice is given, as well as whether choices are made public. This design allows us to explicitly separate the effects of moral...
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作者：Robinson, Adina Barbulescu; Tuli, Kapil R.; Kohli, Ajay K.
作者单位：University of Tennessee System; University of Tennessee Knoxville; Singapore Management University; University System of Georgia; Georgia Institute of Technology
摘要：This study examines 171 brand licensing announcements and subsequent changes in the licensor firms' shareholder values using the event study method. We find that although brand licensing announcements lead to positive abnormal returns on average, nearly 44% of the announcements in our sample are followed by negative abnormal returns. We argue that investors react more favorably to a brand licensing announcement when they believe (i) the brand has greater ability to stimulate licensee product s...
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作者：Bhattacharya, Shantanu; Gaba, Vibha; Hasija, Sameer
作者单位：INSEAD Business School
摘要：We analyze optimal contractual arrangements in a bilateral research and development (R&D) partnership between a risk-averse provider that conducts early-stage research followed by a regulatory verification stage and a risk-neutral client that performs late-stage development activities, including production, distribution, and marketing. The problem is formulated as a sequential investment game with the client as the principal, where the investments are observable but not verifiable. The model c...
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作者：Muslu, Volkan; Radhakrishnan, Suresh; Subramanyam, K. R.; Lim, Dongkuk
作者单位：University of Houston System; University of Houston; University of Texas System; University of Texas Dallas; University of Southern California; Indian School of Business (ISB); Idaho State University
摘要：We use computer-intensive techniques to study the informational properties of forward-looking disclosures in the management discussion and analysis (MD&A) sections of 10-K filings made with the Securities and Exchange Commission. We find that firms make more forward-looking MD&A disclosures when their stock prices have lower informational efficiency, i.e., when their stock prices poorly reflect future earnings information. The greater levels of forward-looking MD&A disclosures help improve yet...
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作者：Arya, Anil; Frimor, Hans; Mittendorf, Brian
作者单位：University System of Ohio; Ohio State University; Aarhus University
摘要：The centralization versus decentralization choice is perhaps the quintessential organizational structure decision. In the operations realm, this choice is particularly critical when it comes to the procurement function. Why firms may opt to decentralize procurement has been often studied and confirmed to be a multifaceted choice. This paper complements existing studies by detailing the trade-offs in the centralization versus decentralization decision in light of firms' strategic use of invento...
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作者：Aydin, Goker; Heese, H. Sebastian
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; European Business School (EBS) University
摘要：A retailer's assortment decision results from a process of give-and-take, during which the retailer may bid manufacturers against one another, and the terms of trade offer plenty of flexibility for allocating the profit among the retailer and manufacturers. We adopt a bargaining framework to capture such an assortment selection process. We investigate the properties of the profit allocations that could emerge in a decentralized supply chain. In our model, the retailer engages in simultaneous b...
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作者：Fay, Scott; Xie, Jinhong
作者单位：Syracuse University; State University System of Florida; University of Florida
摘要：This paper examines probabilistic selling (PS) as an inventory-management mechanism, paying special attention to the impact of the timing of product assignment to buyers of probabilistic goods. In practice, sellers tend to offer probabilistic products only after major demand uncertainty has been resolved. By deferring product assignments, a firm is able to obtain more information about demand for each specific product before deciding which product to assign to consumers. However, our analysis ...
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作者：Liu, Peggy J.; Haws, Kelly L.; Lamberton, Cait; Campbell, Troy H.; Fitzsimons, Gavan J.
作者单位：Duke University; Vanderbilt University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：We introduce a simple solution to help consumers manage choices between healthy and unhealthy food options: vice-virtue bundles. Vice-virtue bundles are item aggregates with varying proportions of both vice and virtue, holding overall quantity constant. Four studies compare choice and perceptions of differently composed vice-virtue bundles relative to one another and to pure vice and pure virtue options. Although multiple consumer segments can be identified, results suggest that people overall...
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作者：Gray, John V.; Siemsen, Enno; Vasudeva, Gurneeta
作者单位：University System of Ohio; Ohio State University; University of Minnesota System; University of Minnesota Twin Cities
摘要：This study investigates the conformance quality benefits of colocating manufacturing with research and development (R&D) activities. Findings from a panel data set of U.S.-based pharmaceutical plants over a 13-year period reveal that colocation of manufacturing and R&D relates to better conformance quality, on average, across the entire sample. We find that these benefits of colocation persist throughout the time period we study (1994-2007), which is surprising, given the rapid development of ...
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作者：Jank, Stephan
作者单位：Frankfurt School Finance & Management; University of Cologne
摘要：This paper documents how the changing composition of U.S. publicly traded firms has prompted a decline in the long-run mean of the aggregate dividend-price ratio, most notably since the 1970s. Adjusting the dividend-price ratio for such changes resolves several issues with respect to the predictability of stock market returns: the adjusted dividend-price ratio is less persistent, in-sample evidence for predictability is more pronounced, there is greater parameter stability in the predictive re...
