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作者：Hosseini, Leila; Farahani, Mehdi H.; Kumar, Subodha
作者单位：University of Houston System; University of Houston; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：Leading online service providers, as major customers of cloud computing services, are increasingly adopting a multicloud strategy to enhance service delivery across different locations. However, compatibility issues among various cloud platforms complicate the implementation of this strategy. To address this challenge, cloud providers can offer a multicloud management platform that acts as a bridge between distinct cloud environments. Although such a platform can enhance customers' multicloud ...
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作者：Jain, Kalash; Rajgopal, Shivaram; Rappaport, Alfred; Song, M. J.
作者单位：Columbia University; Northwestern University
摘要：This study revisits the CEO pay-for-performance relation using two methodological innovations designed to address well-known measurement challenges. First, we aggregate pay and performance over the CEO's entire tenure, allowing us to account for ex post settling up in pay. Second, we use realized compensation rather than ex ante estimates to better capture the actual economic rewards that CEOs receive. We find strong evidence of pay for performance in the full sample with a magnitude 2-10 time...
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作者：Liang, Hao; Wang, Rong; Zhu, Haikun
作者单位：Singapore Management University; China Europe International Business School
摘要：We provide firm-level evidence on how politicians' ideologies shape economic outcomes, using a unique setting of ideological discontinuity in China, transitioning from Maoism to Dengism around 1978. We find that ideological exposure during a politician's early adulthood has a lasting impact on contemporary firm policies in their city. Firms governed by Maoist mayors show greater stakeholder spending, lower pay inequality, and less internationalization compared with those governed by Dengist ma...
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作者：Doosti, Shahryar; Lee, Stephanie; Tan, Yong
作者单位：Chapman University System; Chapman University; University of Washington; University of Washington Seattle
摘要：Social media video sponsorship, where sponsors partner with content creators to promote their brands, has become increasingly popular. Leveraging rich data on sponsored and nonsponsored videos on Facebook, we introduce two metrics, Content Similarity and Audience Closeness, to help sponsors find effective creator-sponsor matches. Content Similarity captures the thematic alignment between a creator's content and a sponsor's brand, whereas Audience Closeness measures how closely aligned a creato...
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作者：Bu, Jinzhi; Simchi-Levi, David; Wang, Chonghuan
作者单位：Hong Kong Polytechnic University; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); University of Texas System; University of Texas Dallas
摘要：Motivated by the empirical evidence observed from the real-world data set, this paper studies context-based dynamic pricing with separable demand models. Consider a seller selling a product over a finite horizon of T periods and facing an unknown expected demand function that admits a separable structure f(p) + g(x), where p is an element of R and x is an element of Rd denote the product's price and features, respectively. The seller does not know the exact expression of f(p) or g(x) but can d...
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作者：Sels, Tim; Kovacs, Balazs
作者单位：University of California System; University of California Berkeley; Yale University
摘要：We examine how political heterogeneity in groups affects individual performance in settings where people work alongside others. Leveraging the random assignment of golfers to groups in Professional Golfers' Association Tour tournaments, we find that golfers score 0.2 strokes better per round when playing in politically homogeneous versus heterogeneous groups. This corresponds to a five-rank improvement before the tournament cut and an additional $13,000-$23,400 in tournament earnings. The effe...
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作者：Bach, Laurent; Baghai, Ramin P.; Bos, Marieke; Silva, Rui C.
作者单位：ESSEC Business School; Stockholm School of Economics; Centre for Economic Policy Research - UK; European Corporate Governance Institute; Swedish House of Finance; Stockholm School of Economics; Vrije Universiteit Amsterdam; Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; Universidade Nova de Lisboa
摘要：We study employee mental health to assess the long-term nonmonetary consequences of mergers. Using employer-employee level data linked to individual health records, we document that the incidences of stress, anxiety, depression, and psychiatric medication usage increase following mergers. These effects are prevalent among employees from both targets and acquirers, in weak and in growing profitable firms. Employees who experience negative career developments within the merging firms, 'blue-coll...
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作者：Amini, Shahram; Mackinlay, Andrew; Rountree, Brian; Weston, James
作者单位：University of Denver; Louisiana State University System; Louisiana State University; Rice University; Rice University
摘要：Recent studies suggest monitoring increases during economic downturns. In this study, we test whether firms' abnormal investment activity changes across the business cycle. Focusing on recessions, we find that firms not only curtail overinvestment but also reduce underinvestment, with the combined effect representing a significant 9% of average investment. Employing various proxies for monitoring intensity, we demonstrate that stronger governance mechanisms are associated with more pronounced ...
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作者：Lu, Shirley
摘要：Building on prior literature showing that green bond issuance signals a firm's environmental commitment, this paper provides empirical evidence on a mechanism that gives credibility to this signal: reputational bonding through increased media coverage. Compared with matched firms, media coverage of a firm's environmental performance increases significantly after issuing green bonds. This increase persists over time and extends to aspects of environmental performance that go beyond the contract...
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作者：Rzeznik, Aleksandra
作者单位：York University - Canada
摘要：This paper examines how market uncertainty impacts the liquidity premium through a demand-side channel. I find that equity mutual funds actively increase the liquidity of their portfolios in response to increased redemptions during market stress. Liquidity preservation is more intense for funds more exposed to strategic complementarities. I show that a stock's relative illiquidity within a fund's portfolio is a key determinant in flow-induced rebalancing decisions, whereby funds follow a liqui...
