Now showing items 1-6 of 6
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. ...
Joint Inventory and Fulfillment Decisions for Omnichannel Retail Networks
(2018-01)
With e-commerce growing at a rapid pace compared to traditional retail, many brick-and-mortar firms are supporting their online growth through an omnichannel approach, which integrates inventories across multiple channels. ...
Local Fiscal Multiplier on R&D and Science Spending: Evidence from the American Recovery and Reinvestment Act
(2018-06)
We use detailed information about American Recovery and Reinvestment Act (ARRA) spending to identify the distinctive effects R&D stimulus had on county level employment dynamics. ARRA R&D and science funding was awarded ...
Economic and Policy Uncertainty: Export Dynamics and the Value of Agreements
(2018-06)
We examine the interaction of economic and policy uncertainty in a dynamic, heterogeneous
firms model. Uncertainty about foreign income, trade protection and their interaction dampens
export investment. This can be ...
The Elusive Monitoring Function of Independent Directors
(2018-06)
Federal law mandates that audit and compensation committees of public companies be comprised entirely of independent directors. The assumption underlying these legal requirements is that independent directors are more ...
Dynamic Pricing with Point Redemption
(2018-03)
Many sellers allow consumers to pay with reward points instead of cash or credit card. While the revenue implications of cash purchases are transparent, the implication of reward sales is not trivial, when a firm that ...