This paper establishes linkages among the firm's discretionary disclosures and other firm-specific operational activities, such as managerial compensation, demand forecast, marketing efforts, and production planning. We show that the option of discretionary disclosures and managerial...

This article revisits a classic mechanism design problem for a principal who procures two complementary goods from a single agent. Although the final product requires both goods to function properly, the principal may purchase unbalanced quantities and discard some of the output. The wasteful...

The popularity of online retailing has created great opportunities and challenges for retailers. A key challenge faced by many retailers is to choose between the clicks, the bricks-and-mortar, and the bricks-and-clicks strategies. In this paper, we develop a comprehensive framework for selecting...

The process of introducing new and phasing out old products is called product rollover. This paper considers a periodic-review inventory system consisting of a manufacturer and a retailer, where the manufacturer introduces new and improved products over an in?nite planning horizon using the...

We analyse the effect of equity-based incentives in a supply chain with a downstream firm and an upstream supplier. By using the operational decision as a signal to influence external investors’ beliefs, the downstream firm’s manager intends to maximize a convex combination of the interim...

Demand forecasting has recently become a prime candidate for outsourcing. This research investigates how to design an information quality incentive (IQI) mechanism to manage the quality of demand forecasting in a multi-stage model where the company uses a forecaster's demand forecast to manage...

We study a strategic information management problem in the export-processing trade, where the buyer controls the raw material input and sales and the producer is responsible for production. The production is vulnerable to random yield risk. The producer can exert a costly effort to acquire the...

We investigate how the manager of a publicly traded firm may distort operational decisions to signal product quality when he/she receives equity-based incentives offered by shareholders. We show that the shareholders' optimal incentive contract induces the manager to engage in wasteful actions....

A decentralized exchange (DEX) records every transaction on a blockchain, so it is much slower than a centralised exchange (CEX) which is only linked to a blockchain via a wallet, so no trades are recorded directly on the chain. While all CEXs use a traditional limit order book, most DEXs use a...

Buying a home is the single biggest investment decision for most Americans. Because most buyers do not have the cash to pay the purchase price upfront, they are obliged to take out mortgage loans. The result has been demand for a wide range of mortgage products to suit borrowers' varied cash...