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作者：Zhang, Shunyuan; Narayandas, Das
作者单位：Harvard University
摘要：This article may be used only for the purposes of research, teaching, and/or private study. Commercial use or systematic downloading (by robots or other automatic processes) is prohibited without explicit Publisher approval, unless otherwise noted. For more information, contact permissions@informs.org. The Publisher does not warrant or guarantee the article's accuracy, completeness, merchantability, fitness inclusion of an advertisement in this article, neither constitutes nor implies a guaran...
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作者：Jha, Akshaya; Karolyi, Stephen A.; Muller, Nicholas Z.
作者单位：Carnegie Mellon University; National Bureau of Economic Research; George Mason University; Carnegie Mellon University
摘要：We present two findings on how environmental policy uncertainty impacts municipal bond returns. First, yields increase after a new pollution standard is proposed but decrease after this standard is finalized. Second, after annual announcements of compliance status, yields fall for counties that remain in compliance but increase for newly noncompliant counties. We present suggestive evidence linking these short-run municipal bond market reactions to long-run changes in pollution and housing pri...
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作者：Li, Chan; Stack, Kristin; Sun, Lili; Xu, Jianren
作者单位：University of Kansas; University of North Texas System; University of North Texas Denton
摘要：Enterprise risk management (ERM) is an institutional agenda emphasizing holistic risk oversight and strategic planning. This study examines whether and how the adoption of ERM affects management earnings forecasts. We first document that ERM adoption increases the likelihood and accuracy of management earnings forecasts. We then provide evidence that ERM adoption improves forecast quality by reducing the volatility of fundamentals and enhancing managers' ability to assess both internal and ext...
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作者：Cao, Tunyu; Leng, Yan
作者单位：University of Texas System; University of Texas Austin
摘要：The recent surge in the popularity of short-form video (SFV) on digital platforms has led to massive numbers of videos and ever-evolving topics. As a result, the task of making personalized recommendations has become increasingly challenging. We introduce a new pure exploration problem on SFV platforms: finding a (K, EH, EL)-optimal set that includes all recommendations within the EL-optimality gap and that excludes those beyond the EH-optimality gap relative to the best arm with a capacity li...
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作者：Pleskac, Timothy J.; Kyung, Ellie J.; Chapman, Gretchen B.; Urminsky, Oleg
作者单位：Indiana University System; Indiana University Bloomington; Babson College; Carnegie Mellon University; University of Chicago
摘要：Blinded review is often proposed as a solution to inequities in merit-based evaluations. We tested this claim in a high-stakes field experiment comparing single-blind review (reviewer identities withheld) and double-blind review (reviewer and author identities withheld) for 530 academic conference submissions. On reliability, both processes showed moderate reliability, leading to only 40% overlap among top-rated submissions. This low overlap indicates that differences between review systems pa...
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作者：Huesmann, Katharina; Ndiaye, Yero Samuel; Waibel, Christian; Wiesen, Daniel
作者单位：University of Munster; University of Cologne; Max Planck Society; University of Cologne; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：Although relative performance feedback in the form of rankings appears to be effective in improving health outcomes, it may have either motivating or demotivating effects for individual physicians. Potential factors influencing such effects include a physician's ability and the design of the ranking system itself; however, there is limited understanding of these factors. Using a controlled lab-in-the-field experiment with practicing and future physicians as subjects (N = 352), we systematicall...
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作者：Bastani, Hamsa; Bastani, Osbert; Sinchaisri, Wichinpong Park
作者单位：University of Pennsylvania; University of Pennsylvania; University of California System; University of California Berkeley
摘要：Workers spend a significant amount of time learning how to make good decisions. Evaluating the efficacy of a given decision, however, can be complicated-for example, decision outcomes are often long-term and relate to the original decision in complex ways. Surprisingly, even though learning good decision-making strategies is difficult, the strategies can often be expressed in simple and concise forms. Focusing on sequential decision making, we design a novel machine learning algorithm that is ...
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作者：Ahn, Dohyun; Shin, Dongwook; Zeevi, Assaf
作者单位：Chinese University of Hong Kong; Columbia University
摘要：We consider a class of sequential learning problems where a decision maker must learn the unknown statistical characteristics of a finite set of alternatives (or systems) using sequential sampling to ultimately select a subset of good alternatives. A salient feature of our problem is that system performance is governed by a set of features. The decision maker postulates the dependence on these features to be linear, but this model may not precisely represent the true underlying system structur...
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作者：Cao, Sean Shun; Cong, Lin William; Yang, Baozhong
作者单位：University System of Maryland; University of Maryland College Park; Cornell University; National Bureau of Economic Research; University System of Georgia; Georgia State University
摘要：To understand the disruption and implications of distributed ledger technologies for financial reporting and auditing, we analyze firm misreporting, auditor monitoring and competition, and regulatory policy in a unified model. A federated blockchain for financial reporting and auditing can improve verification efficiency not only for transactions in private databases but also for cross-chain verifications through privacypreserving computation protocols. Despite the potential benefit of blockch...
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作者：Hu, Maggie (Rong); Tsang, Desmond; Wan, Wayne Xinwei
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); Chinese University of Hong Kong; Monash University
摘要：Using a comprehensive database of corporate relocation events in the United States from 1994 to 2017, we investigate the impact of headquarters relocation on the local economy by examining its spillover effects on the housing market. We find that headquarters relocation into a district at zip code level leads to 10% higher housing price growth. We also document a temporal spillover effect whereby housing prices increase one year before the relocation and rise further until two years afterward ...
