Narrow search
Showing 1 - 10 of 257
Cover Image
Nearly Optimal Pricing for Multiproduct Firms
Chu, Chenghuan Sean - 2010
In principle, a multiproduct firm can set separate prices for all possible bundled combinations of its products (i.e., quot;mixed bundlingquot;). However, this is impractical for firms with more than a few products, because the number of prices increases exponentially with the number of...
Persistent link: https://www.econbiz.de/10012759409
Cover Image
The Other Side of Value : Good Growth and the Gross Profitability Premium
Novy-Marx, Robert - 2010
Profitability, as measured by gross profits-to-assets, has roughly the same power as book-to-market predicting the cross-section of average returns. Profitable firms generate significantly higher average returns than unprofitable firms, despite having, on average, lower book-to-markets and...
Persistent link: https://www.econbiz.de/10013144171
Cover Image
Technology, Information and the Decentralization of the Firm
Acemoglu, Daron - 2014
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...
Persistent link: https://www.econbiz.de/10012752291
Cover Image
The Governance of Not-for-Profit Firms
Glaeser, Edward L. - 2021
Many factors including incentive-pay, powerful shareholders, and takeover threats push for-profits managers towards maximizing shareholder value. One of the most striking factors about non-profit firms is that they have no comparable governance institutions, and the only check on managers are...
Persistent link: https://www.econbiz.de/10013227489
Cover Image
Ownership and Control in Outsourcing to China : Estimating the Property-Rights Theory of the Firm
Feenstra, Robert C.; Hanson, Gordon H. - 2021
In this paper, we develop a simple model of international outsourcing and apply it to processing trade in China. We observe China's processing exports broken down by who owns the plant and by who controls the inputs the plant processes. Multinational firms engaged in export processing in China...
Persistent link: https://www.econbiz.de/10013228044
Cover Image
The Impact of Corporate Sustainability on Organizational Processes and Performance
Eccles, Robert G. - 2012
We investigate the effect of corporate sustainability on organizational processes and performance. Using a matched … sample of 180 US companies, we find that corporations that voluntarily adopted sustainability policies by 1993 - termed as … High Sustainability companies - exhibit by 2009 distinct organizational processes compared to a matched sample of companies …
Persistent link: https://www.econbiz.de/10013108252
Cover Image
Union Participation in Strategic Decisions of Corporations
Appelbaum, Eileen; Hunter, Larry W. - 2021
This paper reviews workforce participation in strategic decisions - those that affect the basic direction of the company - when workforce interests are represented collectively through unions. We consider the problem of corporate governance and review the rationale for what we term strategic...
Persistent link: https://www.econbiz.de/10013239945
Cover Image
Learning and the Disappearing Association between Governance and Returns
Bebchuk, Lucian A. - 2010
In an important and influential work, Gompers, Ishii, and Metrick (2003) show that a trading strategy based on an index of 24 governance provisions (G-Index) would have earned abnormal returns during the 1991-1999 period, and this intriguing finding has attracted much attention ever since it was...
Persistent link: https://www.econbiz.de/10013144562
Cover Image
Busy Directors : Strategic Interaction and Monitoring Synergies
Ljungqvist, Alexander - 2017
We derive conditions for when having a “busy” director on the board is harmful to shareholders and when it is beneficial. Our model allows directors to condition their monitoring choices on their co-directors' choices and to experience positive or negative monitoring synergies across firms....
Persistent link: https://www.econbiz.de/10012946482
Cover Image
Better Late than Early : Vertical Differentiation in the Adoption of a New Technology
Dutta, Prajit K. - 2010
After the initial breakthrough in the research phase of R&D a new product undergoes a process of change, improvement and adaptation to market conditions. We model the strategic behavior of firms in this development phase of R&D. We emphasize that a key dimension to this competition is the...
Persistent link: https://www.econbiz.de/10013140095