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Banking on trust: managing reputation risk in financial service organizations
Scott, Susan V.; Walsham, Geoff - London School of Economics (LSE) - 2002
In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on … corrosive may present an occasion for creative management. We suggest that proactive reputation risk policies and practices are …
Persistent link: https://www.econbiz.de/10010746546
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Anti-herding and strategic consultation
Levy, Gilat - London School of Economics (LSE) - 2004
decision makers who are motivated by reputation concerns tend to ‘anti-herding’, i.e., they excessively contradict public …
Persistent link: https://www.econbiz.de/10010928812
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Self-confidence and survival
Bar-Isaac, Heski - London School of Economics (LSE) - 2001
We consider the impact of history on the survival of a monopolist selling single units in discrete time periods, whose quality is learned slowly. If the seller learns her own quality at the same rate as customers, a sufficiently bad run of luck could induce her to stop selling. When she knows...
Persistent link: https://www.econbiz.de/10010746467
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Strategic consultation in the presence of career concerns
Levy, Gilat - London School of Economics (LSE) - 2000
find that when agents are concerned about their reputation, consultation results in sub-optimal sharing of information …
Persistent link: https://www.econbiz.de/10010746684
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Block-booking and IPO share allocation: the importance of being ignorant
Gondat-Larralde, Celine; James, Kevin R. - London School of Economics (LSE) - 2004
Given the opportunity to buy IPO shares of uncertain value at a fixed price, potentially informed investors have an incentive to refuse to participate in offerings the underwriter happens to overprice. We show that an underwriter can efficiently resolve this problem by entering into a repeat...
Persistent link: https://www.econbiz.de/10010745055
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IPO underpricing during the boom: a block-booking explanation
James, Kevin R. - London School of Economics (LSE) - 2004
A bank can efficiently underwrite individually difficult to value IPOs by offering them as a package deal to a stable coalition of investors (block-booking). Block-booking banks set offer prices to equalize downside risk across their offerings, not expected returns. Examining US IPOs over the...
Persistent link: https://www.econbiz.de/10010745328
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Elusive partnerships: gas extraction and CSR in Bangladesh
Gardner, Katy; Ahmed, Zahir; Bashir, Fatema; Rana, Masud - London School of Economics (LSE) - 2012
This paper examines Chevron's programme of CSR at a gas field in Bangladesh. Whilst apparently building partnerships in the villages that surround the Bibiyana Gas Field, we suggest that the corporation remains detached from the local population via their community development programmes and...
Persistent link: https://www.econbiz.de/10010884628
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Climate change policy and business in Europe: evidence from interviewing managers
Anderson, Barry; Leib, Jörg; Martin, Ralf; McGuigan, Marty - London School of Economics (LSE) - 2011
This report presents new evidence relating to the effects of climate policy in Europe, particularly the European Union Emissions Trading Scheme (EU ETS). The evidence is based on new data from almost 800 phone interviews we conducted with managers in manufacturing plants in six European...
Persistent link: https://www.econbiz.de/10011071401
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Does competition solve the hold-up problem?
Felli, Leonardo; Roberts, Kevin - London School of Economics (LSE) - 2001
In an environment in which both buyers and sellers can undertake match specific investments, the presence of market competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In particular, this paper shows that when matching is...
Persistent link: https://www.econbiz.de/10010928710
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Firm-specific training
Felli, Leonardo; Harris, Christopher - London School of Economics (LSE) - 2006
This paper introduces two complementary models of firm-specific training: an informational model and a productivity-enhancement model. In both models, market provision of firm-specific training is inefficient. However, the nature of the inefficiency depends on the balance between the two key...
Persistent link: https://www.econbiz.de/10010928723