Forecast sharing among trading partners lies at the heart of many collaborative and contractual SCM efforts. Even though it has been praised in both academic and practitioner circles for its critical role in increasing demand visibility, some concerns remain: The first one is related to the...

In order to incentivize stronger issuer due diligence effort, European and U.S. authorities are amending securitization-related regu- lations to force issuers to retain an economic interest in the securitization products they issue. This paper contributes to the process by exploring the...

We investigate the impact of media attention on a firm's CSR “strengths” and “weaknesses.” Drawing on social and organizational identity and stakeholder theory literatures, we develop and test two hypotheses concerning the influence that media attention has on these aspects of CSR. We...

Some empirical studies have found that third-party intervention could worsen civil conflicts. However, exactly why this might be the case is not clear. This paper builds a model to explain how a third-party's expected intervention in a conflict could worsen the conflict. I study a two-period...

Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...

We develop a 10K-based measure of spatial variation in the availability of value-relevant information that reflects the multi-dimensional nature of firm location. Spatially distributed information generates location-based information asymmetries that affect institutional portfolio decisions and...

We examine how informed trading activities affect the market reaction to accounting restatements. We find significantly less negative reactions to accounting estatements when managers are net purchasers of stock before the restatement, and significantly more negative market reactions when...

Experimental evidence suggests that people tend to be overconfident in the sense that they overestimate the accuracy of their private information, judgment and intuition. In this paper we present a novel evolutionary foundation for overconfidence: diversification of risk. In addition, the model...