Now showing items 31-34 of 34
A Corporate Governance Perspective on the Franchisor- Franchisee Relationship
(2014-07)
The franchisor-franchisee relationship is unique in that it has characteristics of both an arm’s length business transaction as well as an ongoing business relationship. As time goes by, however, the interests of the parties ...
Can Trustworthiness in a Supply Chain Be Signaled?
(2014-09)
The relationship between a buyer and its suppliers is important and often relies on factors beyond the terms of a contractual agreement. Buyers can therefore benefit from identifying trustworthy suppliers. We argue that ...
Can Managers Time the Market? Evidence Using Repurchase Price Data
(2014-05)
Little is known about the price firms pay for stock repurchases. Using a dataset of all U.S. repurchases from 2004 to 2011, we compare the actual average price paid monthly in a repurchase to the average market price for ...
An Empirical Examination of Horizon: Evidence from the Term Structure of Implied Equity Volatilities
(2014-01)
We develop and test measures of the horizon of firm uncertainty and of the horizon of managers’ corporate disclosures. The measures exploit information in the term structure of implied equity volatilities to gauge the ...