Recent Submissions

  • Macroeconomic conditions, financial constraints, and firms’ financing decisions 

    Chang, Xin; Chen, Yunling; Dasgupta, Sudipto (2018)
    We examine how time-varying macroeconomic conditions affect firms’ financing decisions. A principal components decomposition of several macroeconomic variables characterizes three phases of the business cycle relative to ...
  • The easy-money effect : credit card spending and hard-work reminders 

    Wong, King Yin; Lynn, Michael (2017)
    Purpose This research paper aims to examine the proposed easy-money effect of credit cards, which stimulates consumers to over spend. This paper shows how such easy-money effect could be weakened. Design/methodology/approach ...
  • Relationships between emotional intelligence, perceived and actual leadership effectiveness in the military context 

    Koh, Cheng Boon; O’Higgins, Eleanor (2018)
    Despite the importance of emotional intelligence and leadership effectiveness, few studies have been conducted in real-life contexts and few have distinguished between perceived and actual leadership effectiveness. This ...
  • Is fraud contagious? Coworker influence on misconduct by financial advisors 

    Dimmock, Stephen G.; Gerken, William C.; Graham, Nathaniel P. (2018)
    Using a novel data set of U.S. fi nancial advisors that includes individuals' employment histories and misconduct records, we show that co-workers influence an individual's propensity to commit financial misconduct. We ...
  • Leveling the playing field: the selection and motivation effects of tournament prize spread information 

    Cardinaels, Eddy; Chen, Clara Xiaoling; Yin, Huaxiang (2018)
    Many companies administer wage policies based on tournaments or have different salaries attached to various promotion-based ranks within the company. Employees, however, do not always receive information about pay-level ...
  • The joint stock and capacity rationings of a make-to-stock system with flexible demand 

    Lin, Bing; Chen, Shaoxiang; Feng, Yi; Xu, Jianjun (2018)
    This paper studies the joint stock and production capacity rationing polices for a make-to-stock system with two partially substitutable products manufactured at two factories, respectively. Customers are classified into ...
  • Organization capital and mergers and acquisitions 

    Li, Kai; Qiu, Buhui; Shen, Rui (2018)
    Using a sample of completed U.S. acquisition deals over the period 1984–2014, we find that acquirer organization capital as measured by capitalized selling, general, and administrative (SG&A) expenses is associated with ...
  • Is it who you know or what you know? Evidence from ipo allocations and mutual fund performance 

    Hwang, Chuan-Yang; Titman, Sheridan; Wang, Yuxi (2018)
    Mutual fund managers with degrees from elite universities tend to outperform their counterparts from less elite universities. We show that the better performance of elite graduates is generated from their better connections ...
  • CEO turnover–performance sensitivity in private firms 

    Gao, Huasheng; Harford, Jarrad; Li, Kai (2017)
    We compare chief executive officer (CEO) turnover in public and large private firms. Public firms have higher turnover rates and exhibit greater turnover–performance sensitivity (TPS) than private firms. When we control ...
  • Stock liquidity and stock price crash risk 

    Chang, Xin; Chen, Yangyang; Zolotoy, Leon (2017)
    We find that stock liquidity increases stock price crash risk. To identify the causal effect, we use the decimalization of stock trading as an exogenous shock to liquidity. This effect is increasing in a firm’s ownership ...
  • Inequality: an introduction 

    Kumar, Ravi (2016)
    I grew up in India, and it was a mess. I saw poverty and inequality right there in front of me. For my graduate studies, I went to the United States, to Northwestern. So I learned Gérard Debreu's theory of value and Kenneth ...
  • Culture as common sense : perceived consensus versus personal beliefs as mechanisms of cultural influence 

    Zou, Xi; Tam, Kim-Pong; Morris, Michael W.; Lee, Sau-Lai; Lau, Ivy Yee-Man; Chiu, Chi-yue (2009)
    We propose that culture affects people through their perceptions of what is consensually believed. Whereas past research has examined whether cultural differences in social judgment are mediated by differences in individuals’ ...
  • Sustainable winner determination for public-private partnership infrastructure projects in multi-attribute reverse auctions 

    Gao, Guang-Xin (2018)
    Selection of a sustainable private partner (contractor) is significant to ensure the success of public-private partnership (PPP) projects. In recent years, multi-attribute reverse auctions (MARAs) are widely used in public ...
  • Revisiting the measurement of anomie 

    Teymoori, Ali; Jetten, Jolanda; Bastian, Brock; Ariyanto, Amarina; Autin, Frédérique; Ayub, Nadia; Badea, Constantina; Besta, Tomasz; Butera, Fabrizio; Costa-Lopes, Rui; Cui, Lijuan; Fantini, Carole; Finchilescu, Gillian; Gaertner, Lowell; Gollwitzer, Mario; Gómez, Ángel; González, Roberto; Hong, Ying Yi; Jensen, Dorthe Høj; Karasawa, Minoru; Kessler, Thomas; Klein, Olivier; Lima, Marcus; Mähönen, Tuuli Anna; Megevand, Laura; Morton, Thomas; Paladino, Paola; Polya, Tibor; Ruza, Aleksejs; Shahrazad, Wan; Sharma, Sushama; Torres, Ana Raquel; van der Bles, Anne Marthe; Wohl, Michael (2016)
    Sociologists coined the term “anomie” to describe societies that are characterized by disintegration and deregulation. Extending beyond conceptualizations of anomie that conflate the measurements of anomie as ‘a state of ...
  • Management influence on auditor selection and subsequent impairments of auditor independence during the post-SOX period 

    Dhaliwal, Dan S.; Lamoreaux, Phillip T.; Lennox, Clive S.; Mauler, Landon M. (2015)
    The objective of this study is to examine managerial involvement in auditor selection decisions when audit committees are “directly responsible” for auditor relationships, including selection of the audit firm. The ...
  • Evidence on contagion in earnings management 

    Kedia, Simi; Koh, Kevin; Rajgopal, Shivaram (2015)
    We examine contagion in earnings management using 2,376 restatements announced during the years 1997–2008. Controlling for industry and firm characteristics, firms are more likely to begin managing earnings after the public ...
  • The effect of China's weak institutional environment on the quality of Big 4 audits 

    Ke, Bin; Lennox, Clive S.; Xin, Qingquan (2015)
    This study examines whether China's weak institutional environment results in lower-quality audits by the Big 4 firms. We find that the Big 4 assign their less experienced partners to companies that are listed only in China ...
  • Corporate governance and the information content of earnings announcements : a cross-country analysis 

    Lau, Sie Ting; Shrestha, Keshab; Yu, Jing (2015)
    Using firm‐level data from 23 developed markets, we document a positive association between overall firm‐level governance quality and the informativeness of earnings announcements measured by abnormal stock return variance. ...
  • Accounting comparability and the accuracy of peer-based valuation models 

    Young, Steven; Zeng, Yachang (2015)
    We examine the link between enhanced accounting comparability and the valuation performance of pricing multiples. Using the warranted multiple method proposed by Bhojraj and Lee (2002), we demonstrate how enhanced accounting ...
  • Using implicit methods to develop an objective measure of media brand engagement 

    Calvert, Gemma; Fulcher, Eamon; Fulcher, Geraldine; Foster, Pauline; Rose, Helen (2014)
    Traditional market research methods that rely on explicit respondent feedback, such as focus groups or surveys, often fail to detect the deep-seated, often subconscious, emotions towards brands that reside in consumers’ ...

View more