Now showing items 211-220 of 222
How firms respond to financial restatement : CEO successors and external reactions
Although past studies have paid considerable attention to firms' reputations, few have investigated the actions that firms take following a reputation-damaging event. We identify firms involved in financial earnings ...
Central bank independence : at the crossroads?
On 1 July 2013, the Bank of England took a milestone decision by installing a foreigner at its helm. Does this mark a new era for central banking or the end of independent central banking?
Evaluating eco-efficiency with data envelopment analysis : an analytical reexamination
This paper reexamines the unintended consequences of the two widely cited models for measuring environmental efficiency—the hyperbolic efficiency model (HEM) and directional distance function (DDF). I prove the existence ...
Macroeconomic conditions, financial constraints, and firms’ financing decisions
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 ...
Organization capital and mergers and acquisitions
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 ...
Ethnic cultures, globalization, and tourism: Eurasians in Singapore
The subject of the article is ethnic groups and the manner in which their cultures are presented as tourist attractions, a topic explored within the wider framework of the debate about the relationship between the forces ...
Additive super-efficiency in integer-valued data envelopment analysis
Conventional data envelopment analysis (DEA) methods assume that input and output variables are continuous. However, in many real managerial cases, some inputs and/or outputs can only take integer values. Simply rounding ...
The joint stock and capacity rationings of a make-to-stock system with flexible demand
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 ...
Leveling the playing field: the selection and motivation effects of tournament prize spread information
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 ...
Is fraud contagious? Coworker influence on misconduct by financial advisors
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 ...