Now showing items 64-83 of 853

    • Business Groups Exist in Developed Markets Also: Britain Since 1850 

      Jones, Geoffrey G. (2016-01-06)
      Diversified business groups are well-known phenomenon in emerging markets, both today and historically. This is often explained by the prevalence of institutional voids or the nature of government-business relations. It ...
    • Business History, the Great Divergence and the Great Convergence 

      Jones, Geoffrey G. (2017-09-08)
      This working paper provides a business history perspective on debates about the Great Divergence, the rise of the gap in incomes between the West and the Rest, and the more recent Great Convergence, which has seen a narrowing ...
    • Business Model Evaluation: Quantifying Walmart’s Sources of Advantage 

      Brea-Solís, Humberto; Casadesus-Masanell, Ramon; Grifell-Tatjé, Emili (2014-10-24)
      We develop an analytical framework on the basis of the economics of business performance to provide quantitative insight into the link between a firm's business model choices and its profit consequences. The method is ...
    • Business Model Innovation and Competitive Imitation: The Case of Sponsor-Based Business Models 

      Casadesus-Masanell, Ramon; Zhu, Feng (Wiley-Blackwell, 2013)
      This paper provides the first formal model of business model innovation. Our analysis focuses on sponsor-based business model innovations where a firm monetizes its product through sponsors rather than setting prices to ...
    • Business Models – Nature and Benefits 

      Casadesus-Masanell, Ramon; Heilbron, John Wendell (2015-05-20)
      This paper considers the nature of the business model and its strategic relevance to negotiations. We elaborate a substantive definition of the business model as decisions enforced by the authority of the firm; this ...
    • BYOB: How Bringing Your Own Shopping Bags Leads to Treating Yourself, and the Environment 

      Karmarkar, Uma Reeta; Bollinger, Bryan (2015)
      As concerns about pollution and climate change have become more central in public discourse, shopping with reusable grocery bags has been strongly promoted as environmentally and socially conscious. In parallel, firms have ...
    • Can Analysts Assess Fundamental Risk and Valuation Uncertainty? An Empirical Analysis of Scenario-Based Value Estimates 

      Joos, Peter R.; Piotroski, Joseph D.; Srinivasan, Suraj (Elsevier, 2016)
      We use a dataset of sell-side analysts' scenario-based valuation estimates to examine whether analysts reliably assess the risk surrounding a firm's fundamental value. We find that the spread in analysts' state-side ...
    • Can Marshall's Clusters Survive Globalization? 

      Buciuni, Giulio; Pisano, Gary Paul (2015-05-13)
      It is widely presumed that in today’s globalized economy, the value of geographic clustering of manufacturing industries is no longer valuable. Manufacturing is represented as a highly mobile “commodity” that can be sourced ...
    • Can Staggered Boards Improve Value? Causal Evidence from Massachusetts 

      Daines, Robert; Li, Shelley Xin; Wang, Charles (Wiley, 2021-09-14)
      We study the effect of staggered boards (SBs) using a quasi-experiment: a 1990 law that imposed an SB on all Massachusetts-incorporated firms. The law led to an increase in Tobin's Q, investment in CAPEX and R&D, patents, ...
    • Canary Categories 

      Anderson, Eric; Chen, Chaoqun; Israeli, Ayelet; Simester, Duncan
      Past customer spending in a category is generally a positive signal of future customer spending. We show that there exist “canary categories” for which the reverse is true. Purchases in these categories are a signal that ...
    • Capital Market-Driven Corporate Finance 

      Baker, Malcolm (Annual Reviews, 2009-12-05)
      Much of empirical corporate finance focuses on sources of the demand for various forms of capital, not the supply. Recently this, has changed. Supply effects of equity and credit markets can arise from a combination of ...
    • Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model 

      Begenau, Juliane Maria (2015-04-06)
      This paper develops a quantitative dynamic general equilibrium model in which households' preferences for safe and liquid assets constitute a violation of Modigliani and Miller. I show that the scarcity of these coveted ...
    • Capture by Threat 

      Dal Bó, Ernesto; Di Tella, Rafael (University of Chicago Press, 2003)
      We analyze a simple stochastic environment in which policy makers can be threatened by "nasty" interest groups. In the absence of these groups, the policy maker's desire for reelection guarantees that good policies are ...
    • Carbon Tariffs: Effects in Settings with Technology Choice and Foreign Comparative Advantage 

      Drake, David Francis (2012-09-04)
      Carbon regulation is intended to reduce global emissions, but there is growing concern that such regulation may simply shift production to unregulated regions and increase global emissions in the process. Carbon tariffs ...
    • Career Concerns of Banking Analysts 

      Horton, Joanne; Serafeim, Georgios; Wu, Shan (2015-05-06)
      We study how career concerns influence banking analysts’ forecasts and how their forecasting behavior benefits both them and bank managers. We show that banking analysts issue early in the year relatively more optimistic ...
    • Causes and consequences of linguistic complexity in non-U.S. firm conference calls 

      Brochet, Francois; Naranjo, Patricia; Yu, Gwen (2012-10-10)
      We examine the determinants and capital market consequences of linguistic complexity in conference calls held in English by non-U.S. firms. We find that linguistic complexity is positively associated with the language ...
    • Celebrating the Work of Keith Murnighan 

      Conlon, Donald E.; Bazerman, Max H.; Malhotra, Deepak; Pillutla, Madan M. (2016)
      In this tribute, four scholars highlight research published during the career of 2015 International Association for Conflict Management Lifetime Achievement Award Winner Keith Murnighan. In the four sections of the paper, ...
    • Cellophane, the New Visuality, and the Creation of Self-Service Food Retailing 

      Oda, Ai (2017-05-25)
      This working paper examines how innovations in transparent packaging, specifically cellophane, in the mid-twentieth century United States helped retailers to create full self-service merchandising systems, including selling ...
    • CEO Behavior and Firm Performance 

      Bandiera, Oriana; Hansen, Stephen; Prat, Andrea; Sadun, Raffaella (2017-03-21)
      We measure the behavior of 1,114 CEOs in Brazil, France, Germany, India, UK and US using a new methodology that combines (i) data on every activity the CEOs undertake during one workweek and (ii) a machine learning algorithm ...
    • The Challenges and Enhancing Opportunities of Global Project Management: Evidence from Chinese and Dutch Cross-Cultural Project Management 

      Zhang, Ying; Marquis, Christopher G; Filippov, Sergey; Haasnoot, Henk-Jan; van der Steen, Martijn (2015-02-13)
      This study investigates the role of national and organisational culture in day-to-day activities of multinational project teams, specifically focusing on differences between Chinese and Dutch project managers. We rely on ...