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作者：Tu, Jun
作者单位：Singapore Management University
摘要：The stock market displays regime switching between upturns and downturns. This paper provides a Bayesian framework for making portfolio decisions that takes this regime switching into account, together with asset pricing model uncertainty and parameter uncertainty. The findings reveal that the economic value of accounting for regimes is substantially independent of whether or not model and parameter uncertainties are incorporated: the certainty-equivalent losses associated with ignoring regime...
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作者：Feit, Eleanor McDonnell; Beltramo, Mark A.; Feinberg, Fred M.
作者单位：University of Michigan System; University of Michigan; General Motors
摘要：Discrete choice models estimated using hypothetical choices made in a survey setting (i.e., choice experiments) are widely used to estimate the importance of product attributes in order to make product design and marketing mix decisions. Choice experiments allow the researcher to estimate preferences for product features that do not yet exist in the market. However, parameters estimated from experimental data often show marked inconsistencies with those inferred from the market, reducing their...
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作者：Sun, Jiong; Debo, Laurens G.; Kekre, Sunder; Xie, Jinhong
作者单位：Illinois Institute of Technology; University of Chicago; Carnegie Mellon University; State University System of Florida; University of Florida
摘要：Technology transfer to low-cost locations offers global firms an opportunity to reduce their variable costs involved in serving emerging markets. However, such moves may also make imitation by local competitors easier. As a consequence, technology transfer may create competition in the local market. We introduce component-based technology transfer for the global firm as a means to deter or accommodate the imitators' entry, recognizing that components may differ in technological complexity. By ...
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作者：Shen, Qiaowei; Villas-Boas, J. Miguel
作者单位：University of Pennsylvania; University of California System; University of California Berkeley
摘要：In developing industries, firms have to decide whether and when to enter the market depending on the state of demand, existing firms in the industry, and the firm's capabilities. This paper investigates a model of increasing demand, in which firms decide when to enter the market anticipating the strategic behavior of other potential entrants, and the effects of entry on future potential entrants. This paper shows that the ability of early entry to deter future competitors' entry leads firms to...
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作者：Krishnan, Harish; Kapuscinski, Roman; Butz, David A.
作者单位：University of British Columbia; University of Michigan System; University of Michigan
摘要：The benefits of supply chain innovations such as quick response (QR) have been extensively investigated. This paper highlights a potentially damaging impact of QR on retailer effort. By lowering downstream inventories, QR may compromise retailer incentives to exert sales effort on a manufacturer's product and may lead instead to greater sales effort on a competing product. Manufacturer-initiated quick response can therefore back. re, leading to lower sales of the manufacturer's product and, in...
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作者：van Donselaar, Karel H.; Gaur, Vishal; van Woensel, Tom; Broekmeulen, Rob A. C. M.; Fransoo, Jan C.
作者单位：Eindhoven University of Technology; Cornell University
摘要：Retail store managers may not follow order advices generated by an automated inventory replenishment system if their incentives differ from the cost-minimization objective of the system or if they perceive the system to be suboptimal. We study the ordering behavior of retail store managers in a supermarket chain to characterize such deviations in ordering behavior, investigate their potential drivers, and thereby devise a method to improve automated replenishment systems. Using orders, shipmen...
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作者：Kang, Qiang; Liu, Qiao
作者单位：University of Miami; University of Hong Kong
摘要：We examine the role of information-based stock trading in affecting the risk-incentive relation. By incorporating an endogenous informed trading into an optimal incentive contracting model, we analytically show that, apart from reducing incentives, a greater risk increases the level of information-based trading, which consequently enhances executive incentives and offsets the negative risk-incentive relation. We calibrate the model and find that the economic magnitude of this incentive-enhance...
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作者：Singh, Jasjit; Fleming, Lee
作者单位：INSEAD Business School; Harvard University
摘要：Are lone inventors more or less likely to invent breakthroughs? Recent research has attempted to resolve this question by considering the variance of creative outcome distributions. It has implicitly assumed a symmetric thickening or thinning of both tails, i.e., that a greater probability of breakthroughs comes at the cost of a greater probability of failures. In contrast, we propose that collaboration can have opposite effects at the two extremes: it reduces the probability of very poor outc...
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作者：Angst, Corey M.; Agarwal, Ritu; Sambamurthy, V.; Kelley, Ken
作者单位：University of Notre Dame; University System of Maryland; University of Maryland College Park; Michigan State University; Michigan State University's Broad College of Business
摘要：We use a social contagion lens to study the dynamic, temporal process of the diffusion of electronic medical records in the population of U. S. hospitals. Social contagion acknowledges the mutual influence among organizations within an institutional field and implicates information transmission through direct contact and observation as the mechanisms underlying influence transfer. We propose hypotheses predicting a hospital's likelihood of adopting electronic medical records as a function of i...
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作者：Cachon, Gerard P.; Olivares, Marcelo
作者单位：University of Pennsylvania; Columbia University
摘要：Automobile manufacturers in the U.S. supply chain exhibit significant differences in their days of supply of finished vehicles (average inventory divided by average daily sales rate). For example, from 1995 to 2004, Toyota consistently carried approximately 30 fewer days of supply than General Motors. This suggests that Toyota's well-documented advantage in manufacturing efficiency, product design, and upstream supply chain management extends to their finished-goods inventory in their downstre...
