Now showing items 21-30 of 239
Coordinating Pricing and Inventory Replenishment with Nonparametric Demand Learning
(2015-06)
We consider a firm (e.g., retailer) selling a single nonperishable product over a finite-period planning horizon. Demand in each period is stochastic and price-dependent, and unsatisfied demands are backlogged. At the ...
The Next Phase of Business Sustainability
(2018-01)
Business sustainability has come a long way. From the dawn of the modern environmental movement and the establishment of environmental regulations in the 1970s, it has now become a strategic concern driven by market forces. ...
Management Communication: History, Distinctiveness, and Core Content
(2013-04)
Management communication is the study of managers’ stewardship of writing and speaking to get work done with and through people. This paper overviews the field of management communication, its history, distinctiveness from ...
The Liquidity Premium of Near-Money Assets
(2014-06)
Treasury bills and other near-money assets provide owners with liquidity service benefits that are reflected in prices in the form of a liquidity premium. I relate time variation in this liquidity premium to changes in the ...
The Culture and Discourse of Climate Skepticism
(2010-11)
Working paper abstract (100-250 words): While the scientific, technical and policy components of the climate change issue are of critical importance, climate change is also a cultural issue. More importantly, it is a highly ...
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 ...
Capacity Investment with Demand Learning
(2016-07)
We study a firm’s optimal strategy to adjust its capacity using demand information. The capacity adjustment is costly and often subject to managerial hurdles which sometimes make it difficult to adjust capacity multiple ...
Do Independent Directors Curb Financial Fraud? The Evidence and Proposals for Further Reform
(2018-08)
In this article, we argue that the U.S. corporate governance rules put too much faith in the independent board members and insufficient emphasis on the shareholders themselves to control and monitor the top management. ...
Pros vs Joes: Agent Pricing Behavior in the Sharing Economy
(2016-08)
One of the major differences between markets that follow a “sharing economy” paradigm and traditional two-sided markets is that the supply side in the sharing economy often includes individual nonprofessional decision ...
The Role of Gender Diversity in Corporate Governance
(2018-12)
A number of studies show that companies with more women involved in leadership positions tend to outperform their sector in terms of return on equity, operating result, and stock price growth. A diverse board may signal ...