We develop indices of diligence, objectivity, and quality by an analyst-analyst-firm, and relate them to accuracy of its forecasts. Public versus Non-Public Models provides index of diligence, which equals one minus p-value of Hausman Specification Test of Ordinary Least Squares versus Two Stage...

This paper reports the results of a research project addressing the current state of e-procurement technologies. It analyzes which companies are moving fast into these technologies, how experimentation is taking place to learn about the business opportunities that may emerge through these...

We calculate six separate measures of market efficiency based on event studies using intraday data on equities and fixed income securities, and we calculate diligence, objectivity, quality, and accuracy, of analyst forecasts. The FINRA 2241 Rules (effective September and December, 2015)...

We investigate the impact of FINRA 2241 on market quality. We find that FINRA 2241's impact on each of ten systematic and objective market quality metrics - the analyst behavior indices of diligence, objectivity, quality, and accuracy, based on Bhattacharya and Gupta (2023), and six measures of...

After fifteen years of use by U.S. Federal government agencies, purchase cards are still caught in a debate between the drive to improve governmental efficiency and the need to prudently manage and control spending of taxpayer resources. This paper gives decision makers facts by which to...

Explains that a common problem of cost control at design stage is the firm’s (manager’s) desire for the lowest cost compatible with supporting innovation and the designer’s preference for the optimal design, which may be unnecessarily sophisticated. Develops a mathematical model to...