Scientific experience is crucial for producing high-quality research, and the approach of acquisition can significantly impact its accumulation rate. We present a framework for scientific experience acquisition that outlines the dual dimensions of experience accumulation: self-accumulation...

PurposeThis study aims to examine what underlies the estimated relation between idiosyncratic volatility and realized return.Design/methodology/approachIdiosyncratic volatility has a dual effect on stock pricing: it not only affects investors' expected return but also affects the efficiency of...

How do organizational structures influence organizational decision making? This article reveals organizational structures’ dual function: they both (1) aggregate and (2) shape individuals’ decisions. What makes this dual function so remarkable is that the two effects are diametrically...

We investigate how dual holders who simultaneously hold loans and equity shares of a firm react to the temporary misvaluation shock on the firm’s stock prices. Using the price pressure driven by mutual fund outflows as a measure of fire-sales shock, we find that dual holders provide loans with...