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Organizational Structure and the Limits of Knowledge Sharing: Incentive Conflict and Agency in Car Leasing

Pierce, Lamar - In: Management Science 58 (2012) 6, pp. 1106-1121

vertical integration. I study knowledge-based agency costs from vertical integration in car leasing, where manufacturer …

Persistent link: https://www.econbiz.de/10010990530

A Practical Derived Lease Rate Algorithm

Gutman, Eyal; Yagil, Joseph - In: Management Science 39 (1993) 12, pp. 1544-1551

Underlying the widely used multiple-investment-sinking fund (MISF) method for lease evaluation is the determination of a derived lease rate which is a specific rate that provides the lessor with the required yield on equity. To compute this derived lease rate, trial-and-error techniques are...

Persistent link: https://www.econbiz.de/10009218049

Hiring and Leasing with Nonlinear Prices

Dobbs, Ian M. - In: Management Science 41 (1995) 11, pp. 1793-1805

This paper examines the problem of a monopolist setting an optimal nonlinear pricing schedule in the face of consumers of unknown type who arrive randomly over time and self-select a choice of hire period. The major determinant of pricing policy is the customer arrival distribution, with the...

Persistent link: https://www.econbiz.de/10009218450

Leasing and Selling: Optimal Marketing Strategies for a Durable Goods Firm

Desai, Preyas; Purohit, Devavrat - In: Management Science 44 (1998) 11-Part-2, pp. 19-19

this area has argued that in a monopolistic environment, leasing dominates selling. Hence, leasing and selling should not … co-exist and the firm should concentrate its efforts solely on leasing. We show that the relative profitability of … leasing and selling hinges on the rates at which leased and sold units depreciate. In particular, we find that leasing does …

Persistent link: https://www.econbiz.de/10009189601

Modeling the Loss Distribution

Chava, Sudheer; Stefanescu, Catalina; Turnbull, Stuart - In: Management Science 57 (2011) 7, pp. 1267-1287

paper was accepted by Wei Xiong, finance. …

Persistent link: https://www.econbiz.de/10009218053

How Do Acquirers Retain Successful Target CEOs? The Role of Governance

Wulf, Julie; Singh, Harbir - In: Management Science 57 (2011) 12, pp. 2101-2114

The resource-based view argues that acquisitions can build competitive advantage partially through retention of valuable human capital of the target firm. However, making commitments to retain and motivate successful top managers is a challenge when contracts are not enforceable. Investigating...

Persistent link: https://www.econbiz.de/10010990451

How Do Financial Firms Manage Risk? Unraveling the Interaction of Financial and Operational Hedging

Hankins, Kristine Watson - In: Management Science 57 (2011) 12, pp. 2197-2212

This paper investigates how firms manage risk by examining the relationship between financial and operational hedging using a sample of bank holding companies. Risk management theory holds that capital market imperfections make cash flow volatility costly. I investigate whether financial firms...

Persistent link: https://www.econbiz.de/10010990460

An Examination of the Efficiency, Foreclosure, and Collusion Rationales for Vertical Takeovers

Shenoy, Jaideep - In: Management Science 58 (2012) 8, pp. 1482-1501

with an efficiency enhancing rationale. <i>This paper was accepted by Brad Barber, finance.</i> …

Persistent link: https://www.econbiz.de/10010990522

Diversity and Performance

Li, Feng; Nagar, Venky - In: Management Science 59 (2013) 3, pp. 529-544

significant improvement in operating performance relative to nonadopters. <i>This paper was accepted by Brad Barber, finance.</i> …

Persistent link: https://www.econbiz.de/10010990534

A Case-Based Model of Probability and Pricing Judgments: Biases in Buying and Selling Uncertainty

Brenner, Lyle A.; Griffin, Dale W.; Koehler, Derek J. - In: Management Science 58 (2012) 1, pp. 159-178

We integrate a case-based model of probability judgment with prospect theory to explore asset pricing under uncertainty. Research within the "heuristics and biases" tradition suggests that probability judgments respond primarily to case-specific evidence and disregard aggregate characteristics...

Persistent link: https://www.econbiz.de/10010990558