Now showing items 31-40 of 113
The Future of Sustainability Reporting as a Regulatory Mechanism
(2014-03)
Abstract. Sustainability reporting is now a mainstream activity among large, global corporations. The majority of the largest corporations in the United States now produce sustainability reports, and several European ...
Governance in the Executive Suite and Board Independence
(2014-01)
The overall independence of a firm’s governance system depends not only on the independence of its board of directors but also on CEO influence over the other top executives. We find that board independence and independence ...
Rationing Capacity in Advance Selling to Signal Quality
(2012-08)
We consider a seller who can sell her product over two periods, advance and spot. The seller has private information about the product quality, which is unknown to customers in advance and publicly revealed in spot. The ...
Price-Fixing Hits Home: An Empirical Study of U.S. Price Fixing Conspiracies
(2015-11)
This paper analyzes all Section 1, Sherman Act price fixing cases brought by the U.S. Department of Justice between 1961 and 2013. Over 500 cartels were prosecuted during this period. The determinants of cartel formation ...
Embracing Co-Creation Experience in Economics: Rethinking Surplus
(2014-04)
Economics without the lens of co-creation, in the new evolving economy, blurs visibility. We provide a framework that can reshape economic thinking with co-creation at the core. In particular, an individual’s experience ...
Quantifying Animal Spirits: News Media and Sentiment in the Housing Market
(2015-10)
This paper develops first measures of housing sentiment for 34 cities across the U.S. by quantifying the qualitative tone of local housing news. I find that housing media sentiment has significant predictive power for ...
Benefits of Collaboration in Capacity Investment and Allocation
(2012-09)
This paper studies capacity collaboration between two (potentially competing) firms. We explore the ways that the firms can collaborate by either building capacity together or sharing the existing capacity for production. ...
Zone Overlap and Collaboration in Academic Biomedicine: A Functional Proximity Approach to Socio-Spatial Network Analysis
(2013-01)
Spatial layouts can have significant influences on the formation and outcomes of social relationships. Physical proximity is thus essential to understanding the elemental building blocks of social networks, dyads. Situating ...
Rationalizing Size, Value, and Momentum Effects with a CAPM2
(2016-02)
This paper shows that a Capital Asset Pricing Model based on Continuous Asymmetric Polynomial Models (CAPM2) can identify the sources of risk that drive the cross section of stock returns. In accordance with recent decision ...
Governance and Corruption Constraints: The Business Ethics Glass Ceiling in Middle East Corporate Governance
(2010-04)
This paper argues for a model of a corruption constraint on organizational growth and development in the form of a business ethics glass ceiling. Although the problem of corruption‘s negative impact on economic growth is ...