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作者：Tran, Brigitte Roth
作者单位：Federal Reserve System - USA; Federal Reserve Bank - San Francisco
摘要：I apply a novel machine-learning based weather index method to daily storelevel sales data for a national apparel and sporting goods brand to examine short-run responses to weather and long-run adaptation to climate. I find that even when considering potentially offsetting shifts of sales between outdoor and indoor stores, to the firm's website, or over time, weather has significant persistent effects on sales. This suggests that weather may increase sales volatility as more severe weather sho...
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作者：Xu, Yuqian; Lu, Baile; Ghose, Anindya; Dai, Hongyan; Zhou, Weihua
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine; National University of Defense Technology - China; New York University; Central University of Finance & Economics; Zhejiang University
摘要：On-demand delivery through sharing platforms represents a rapidly expanding segment of the global workforce. The emergence of sharing platforms enables gig workers to choose when and where to work, allowing them to do so in a flexible manner. However, such flexibility brings notorious challenges to platforms in managing the gig workforce. Thus, understanding the incentive and behavioral issues of gig workers in this new business model is inherently meaningful. This paper investigates how the i...
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作者：Deshmane, Abhishek; Martinez-de-Albeniz, Victor
作者单位：University of Navarra; IESE Business School
摘要：Artist collaborations in music have been on the rise, and they tend to produce commercially and critically successful songs. We seek to uncover the effect of these collaborative projects on career trajectories and identify the factors that lift an artist's profile in the short and long term. We develop a theory of collaboration based on the transfer of capital between the collaborating artists that facilitates spillovers across time. To validate the theory, we use weekly radio plays of individ...
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作者：Li, Yifu; Ryan, Christopher Thomas; Shengc, Lifei
作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of British Columbia; University of Houston System; University of Houston; University of Houston Clear Lake
摘要：An important problem in single-player video game design is how to sequence game elements within a level (or chunk) of the game. Each element has two critical features: a reward (e.g., earning an item or being able to watch a cinematic) and a degree of difficulty (e.g., how much energy or focus is needed to interact with the game element). The latter property is a distinctive feature in video games. Unlike passive services (like a trip to the spa) or passive entertainment (like watching sports ...
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作者：Hydari, Muhammad Zia; Adjerid, Idris; Striegel, Aaron D.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Virginia Polytechnic Institute & State University; University of Notre Dame
摘要：Health wearables in combination with gamification enable interventions that have the potential to increase physical activity-a key determinant of health. However, the extant literature does not provide conclusive evidence on the benefits of gamification, and there are persistent concerns that competition-based gamification approaches will only benefit those who are highly active at the expense of those who are sedentary. We investigate the effect of Fitbit leaderboards on the number of steps t...
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作者：Glaeser, Chloe Kim; Glaeser, Stephen; Labro, Eva
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina; University of North Carolina Chapel Hill
摘要：We study the effect of proximity to corporate headquarters on the productivity of inventors and research and development (R&D) facilities. Distant inventors and R&D facilities are less productive, and plausibly exogenous reductions in the travel time from these inventors or facilities to headquarters increase their productivity and creativity. We hypothesize that these improvements in the management of innovation production occur because proximity improves monitoring, managerial ability to pro...
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作者：Guo, Joyce; Recalde, Maria P.
作者单位：University of Melbourne
摘要：To shed light on the factors that affect who speaks up in teams in the workplace, we study willingness to speak up after someone has raised an opinion. We call voicing disagreement overriding and study this behavior in a laboratory experiment where participants answer multiple choice questions in pairs. In a control treatment, participants interact anonymously. In a photo treatment, both participants see the photo of the person they are matched with at the beginning of the group task. Using a ...
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作者：Gustafson, Matthew T.; Kotter, Jason D.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Brigham Young University
摘要：Using cross-state and intertemporal variation in whether a state???s minimum wage is bound by the federal minimum wage, we provide evidence that minimum wage increases lead U.S. public firms in minimum-wage-sensitive industries (i.e., retail, restaurant, and entertainment) to cut capital expenditures. These effects are concentrated one to two years after the law goes into effect. Prior to the minimum wage increase, investment trends are similar across minimum-wage-sensitive firms in bound vers...
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作者：Biais, Bruno; Capponi, Agostino; Cong, Lin William; Gaur, Vishal; Giesecke, Kay
作者单位：Hautes Etudes Commerciales (HEC) Paris; Columbia University; Cornell University; National Bureau of Economic Research; Stanford University
摘要：Over the past decade, blockchains and cryptocurrencies have taken a central stage in financial technology (FinTech) innovation. In 2020-2021, as the academic finance and management community began actively investigating this domain, we issued a call for papers for a special issue to encourage interdisciplinary research in this emerging area. This section of Management Science presents the first systematic collection of knowledge, both theoretical and empirical, focusing on blockchain economics...
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作者：Ginglinger, Edith; Moreau, Quentin
作者单位：Universite PSL; Universite Paris-Dauphine; Centre National de la Recherche Scientifique (CNRS); Hong Kong University of Science & Technology
摘要：We use firm-level data that measure forward-looking physical climate risk to examine the impact of climate risk on capital structure. We find that greater physical climate risk leads to lower leverage in the post-2015 period (i.e., after the Paris Agreement and the first step of standardization of disclosure of climate risk information). Our results hold after controlling for firm characteristics known to determine leverage, including credit ratings. Our evidence shows that the reduction in le...
