Now showing items 21-30 of 113
Default Settings in Defined Contribution Plans – a Comparative Approach to Fiduciary Obligation and the Role of Markets
(2012-01)
Both the United States and Australia have increased the use of default settings in defined contribution (DC) plans such as 401(k)s. However, policy makers in the two countries have taken different approaches to important ...
The Role of Networks, Mentors and the Law in Overcoming Barriers to Organizational Leadership for Women with Children
(2013-12)
Having dependents is an important family status variable in the larger scheme of social differentiators that account for sex differences in careerrelated outcomes. In this study, we are interested in whether men or women ...
National Drug Stockout Risks in Africa: Analysis of the Global Fund Disbursement Process for Procurement from 2002 to 2013
(2014-05)
Despite substantial financial aid from international donors for procurement of health products, stockouts of life-saving drugs related to prevalent infectious diseases are still widespread in Africa. Addressing the lack ...
Self-Regulation and Regulatory Discretion: Why Firms May Be Reluctant to Signal Green
(2015-02)
A large literature in strategy and management has focused on why firms self-regulate and "signal green." We show this decision becomes more complex when regulators have enforcement discretion, and both firms and regulators ...
Government Intervention and Arbitrage
(2017-03)
We model and document the novel notion that direct government intervention in a market may induce violations of the law of one price (LOP) in other, arbitrage-related markets. We show that the introduction of a government ...
Holding Corporate Officers Strictly Liable Under Patent and Corporate Law
(2014-05)
Corporate officer liability doctrines under both the Patent Act and the Copyright Act diverge markedly from traditional corporate, agency, and tort law doctrines. This paper argues that current case law reflects an instinctive ...
Delegation and Performance Pay: Evidence from Industrial Sales Forces
(2015-03)
Delegation is a central feature of organizational design that theory suggests should be aligned with the intensity of incentives in performance pay schemes. We explore a specific form of delegation, namely price delegation, ...
Balancing Exploration and Exploitation in Small World Clean-Tech Clusters
(2012-10)
Clean technology clusters of firms around the world are learning how to scale up to meet institutional investor objectives, while at the same time creating and extracting value from new products and services. Learning and ...
Is Analyst Output Informative? An Intraday Study of Analyst Comments
(2017-02)
Conventional wisdom suggests that the public release of financial analyst output is informative to traders about firm value. However, empirical tests of this mechanism have encountered difficulties in isolating the release ...
Credit Ratings: Strategic Issuer Disclosure and Optimal Screening
(2016-06)
We study a model in which an issuer can manipulate information obtained by a credit rating agency (CRA) seeking to screen and rate its financial claim. Better CRA screening leads to a lower probability of obtaining a high ...