Now showing items 11-20 of 113
The Real Costs of Corporate Credit Ratings
(2013-11)
Credit rating agencies emphasize the importance of specific financial ratio thresholds in their rating process. Firms on the favorable side of these thresholds are more likely to receive higher ratings than similar firms ...
Complementary Online Services in Competitive Markets: How Firms Should Adjust Their Strategies Due to Network Effects
(2011-03)
A growing number of firms are strategically utilizing IT and the Internet to provide online services to consumers who buy their products. Online services differ from traditional services, such as maintenance services, ...
Online Auctions and Multichannel Retailing
(2012-07)
The Internet enables sellers to offer products through multiple channels simultaneously. In particular, many sellers utilize online auctions in parallel to other online and offline channels. Using an analytical model and ...
The BP Oil Spill as a Cultural Anomaly? Institutional Context, Conflict and Change
(2010-10)
This paper argues that the BP Oil Spill is, potentially, a "cultural anomaly" for institutional changes in environmental management and fossil fuel production. The problem as defined by the spill’s context, the potential ...
Unit-Contingent Power Purchase Agreement and Asymmetric Information about Plant Outage
(2011-10)
This paper analyzes a unit-contingent power purchase agreement between an electricity distributor and a power plant. Under such a contract the distributor pays the plant a fixed price if the plant is operational and nothing ...
Being Entrepreneurial in Your Storytelling: An Institutional Tale
(2013-11)
Stories help us make sense of the world around us and our role in it, including defining ‘success’. Stories reflect society and culture at large, but are also very context-specific; they involve particular individuals and ...
To B or Not To B? Understanding the Emergence of Social Entrepreneurship in the Financialized Economy
(2014-07)
This study aims at understanding the recent proliferation of social enterprises, a class of organizations explicitly committed to advancing non-financial stakeholders’ interests, against the historical backdrop of economic ...
Looking in the Rear View Mirror: The Effect of Managers’ Professional Experience on Corporate Financial Policy
(2014-01)
We track the employment history of over 9,000 managers to study the effects of professional experiences on corporate policies. Our identification strategy exploits exogenous CEO turnovers and employment in other firms, in ...
Class Action Litigation after Dukes: In Search of a Remedy for Gender Discrimination
(2013-11)
In this Article we argue for substantial reforms to our system of combating workplace gender discrimination in light of the Supreme Court’s ruling in Wal-Mart Stores, Inc. v. Dukes. To help counter discrimination victims’ ...
The Effect of Competition on Trade Patterns: Evidence from the Collapse of International Cartels
(2015-01)
How do changes in competitive intensity affect trade patterns? Some cartels may find it advantageous to eliminate cross-hauling and divide markets geographically. We exploit a quasi-natural experiment associated with ...