This paper considers a continuous-review, single-product, production-inventory system with a constant replenishment rate, compound Poisson demands, and lost sales. Two objective functions that represent metrics of operational costs are considered: (1) the sum of the expected discounted inventory...

The finance and accounting literature document how operating company disclosure tone and textual attributes affect firm performance, earnings persistence, stock volatility, capital costs, and retail investor behavior. In this Article, we explore the applicability of these theories to mutual fund...

Product design has increasingly been recognized as an important source of competitive advantage. This paper empirically estimates the impact of effective design on the market value of the firm. We use a firm's receipt of a product design award as a proxy for its design effectiveness. Based on...

We test the efficient market hypothesis by using machine learning to forecast future stock returns from historical performance. These forecasts strongly predict the cross section of future stock returns. The predictive power holds in most subperiods, is strong among the largest 500 stocks, and...

How successful are the SEC’s attempts to regulate dynamic risk in financial markets? Using mutual fund disclosure data from two financial shocks—the Puerto Rican debt crisis and COVID-19—we find evidence that SEC open-ended regulations, like the obligation to disclose changing market...

In this paper, we consider revenue management for a service supply chain with one supplier and one retailer. The supplier has a limited capacity of a perishable product and both the supplier and the retailer face customers. Each customer may choose to buy a product from either the supplier or...