Similar Search Results

Ederer, Florian; Min, Weicheng - National Bureau of Economic Research - 2022

How does lie detection constrain the potential for one person to persuade another to change her action? We consider a model of Bayesian persuasion in which the Receiver can detect lies with positive probability. We show that the Sender lies more when the lie detection probability increases. As...

Persistent link: https://www.econbiz.de/10013210093

Preferences for Firearms and Their Implications for Regulation

Moshary, Sarah; Shapiro, Bradley; Drango, Sara - National Bureau of Economic Research - 2023

This paper estimates consumer demand for firearms with the aim of predicting the likely impacts of firearm regulations on the number and types of guns in circulation. We first conduct a stated-choice-based conjoint analysis and estimate an individual-level demand model for firearms. We validate...

Persistent link: https://www.econbiz.de/10014226131

Intangible Marketing Capital

Bronnenberg, Bart J.; Dubé, Jean-Pierre H.; Syverson, Chad - National Bureau of Economic Research - 2022

We present several empirical facts about trends in marketing investment in the US. We also present estimates of the private value of brands to firms and aggregate intangible brand capital stocks created by these investments. These investments include the creation and maintenance of a brand name...

Persistent link: https://www.econbiz.de/10013334364

A Model of Influencer Economy

Cong, Lin William; Li, Siguang - National Bureau of Economic Research - 2023

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who care about both common product quality and consumer-influencer interaction. Sellers thus compete in both influencer and product markets. As outreach and...

Persistent link: https://www.econbiz.de/10014287344

Estimating the Value of Offsite Tracking Data to Advertisers : Evidence from Meta

Wernerfelt, Nils; Tuchman, Anna; Shapiro, Bradley; … - National Bureau of Economic Research - 2024

Third-party cookies and related 'offsite' tracking technologies are frequently used to share user data across applications in support of ad delivery. These data are viewed as highly valuable for online advertisers, but their usage faces increasing headwinds. In this paper, we quantify the...

Persistent link: https://www.econbiz.de/10015056091

The Distribution of Investor Beliefs, Stock Ownership and Stock Returns

Hardouvelis, Gikas A.; Karalas, Georgios; Vayanos, Dimitri - National Bureau of Economic Research - 2021

We study theoretically and empirically the relationship between investor beliefs, ownership dispersion and stock returns. We find that high dispersion, measured by high breadth or low Herfindahl index, forecasts returns positively for large stocks, as in Chen, Hong and Stein (2002), but...

Persistent link: https://www.econbiz.de/10012510575

Voting in Shareholders Meetings

Bouton, Laurent; Llorente-Saguer, Aniol; Macé, Antonin; … - National Bureau of Economic Research - 2021

This paper studies voting in shareholders meetings. We focus on the informational efficiency of different voting … mechanisms, taking into account that they affect both management's incentives before the meeting and shareholders' decisions at … effect of worse selection incentives on shareholders' welfare can be large enough to wash out the higher voting efficiency of …

Persistent link: https://www.econbiz.de/10012599295

Creating Controversy in Proxy Voting Advice

Malenko, Andrey; Malenko, Nadya; Spatt, Chester S. - National Bureau of Economic Research - 2021

subscribers) by a proxy advisor, whose objective is to maximize its profits from selling information to shareholders. We show that … even if all shareholders' interests are aligned and aim at maximizing firm value, the proxy advisor benefits from biasing … results help reinterpret empirical patterns of shareholders' voting behavior …

Persistent link: https://www.econbiz.de/10012599326

The New Corporate Governance

Hart, Oliver D.; Zingales, Luigi - National Bureau of Economic Research - 2022

. In some cases shareholders are pushing companies to take actions that may reduce market value. It is hard to understand …

Persistent link: https://www.econbiz.de/10013191070

Capital Structure Change and Decreases in Stockholders' Wealth : A Cross-Sectional Study of Convertible Security Calls

Mikkelson, Wayne H. - 1983

This paper is a cross-sectional analysis of the relationship between common stock price reactions to announcements of convertible security calls and variables that represent possible determinants of changes in common stockholders' wealth. The variables are measures of the following effects of...

Persistent link: https://www.econbiz.de/10012477964