Showing 1 - 10 of 310
This paper assesses different organizational forms in terms of their ability to generate information about investment … likely to be attractive when information about individual projects is soft' and cannot be credibly transmitted. Moreover …, holding fixed firm size, soft information also favors flatter organizations with fewer layers of management. In contrast …
Persistent link: https://www.econbiz.de/10012471056
When there is uncertainty about a CEO's quality, news about the firm causes rational investors to update their expectation of the firm's profitability for two reasons: Updates occur because of the direct effect of the news, and also because the news can cause an updated assessment of the CEO's...
Persistent link: https://www.econbiz.de/10012459779
The distance between small firms and their lenders in the United States is increasing. Not only are firms choosing more distant lenders, they are also communicating with them in more impersonal ways. After documenting these systematic changes, we demonstrate that they do not stem from small...
Persistent link: https://www.econbiz.de/10012471076
This paper explores environments in which either the revelation or diffusion of information, or its incorporation into … methodology and for understanding the process by which stock prices incorporate information. Two environments are highlighted …. First, information is often not revealed in one announcement but rather through a process of gradual public revelation …
Persistent link: https://www.econbiz.de/10012472593
Firms invest differentially in the intellectual human capital required to recognize, evaluate, and utilize technological breakthroughs occurring outside the firm. Such differential investment has been crucial in explaining which incumbent pharmaceutical firms have successfully transformed their...
Persistent link: https://www.econbiz.de/10012473271
A model of interest rate movements in response to new information on the money stock is developed.The model, which …
Persistent link: https://www.econbiz.de/10012477495
This paper shows how recent developments in the Economics of Information can provide insights into economic relations …
Persistent link: https://www.econbiz.de/10012477519
Employment matches under uncertainty are typically accompanied by opportunities for information acquisition. Workers … can acquire specific information about productivity lotteries at the firm or general information affecting their … probabilistic beliefs about work elsewhere. Enterprises can acquire specific information concerning the productivity of a particular …
Persistent link: https://www.econbiz.de/10012478753
Since Wakefield et al. (1998), the public was exposed to mixed information surrounding the claim that measles … claim. Consistent with confirmatory bias, exposures to negative information about the vaccine strengthened their biases more … than exposures to positive information attenuated them. Positive online information, however, had strong impacts on …
Persistent link: https://www.econbiz.de/10012479296
then provide 22 different forms of information regarding past, current and/or future inflation and interest rates …. Information treatments about current and next year's interest rates have a strong effect on household expectations but treatments … constrained capacity to collect and process information …
Persistent link: https://www.econbiz.de/10012479302