In many product categories, technological evolution results in the emergence of a single product design that achieves market dominance. In this paper, we examine two questions: will a dominant design emerge in a new product category? If it does, how long will it be before a dominant design...

We investigate how information is incorporated into initial public offering (IPO) share prices. We find that greater uncertainty about the value of a firm's shares is associated with more prospectus disclosures concerning the firm's competitive environment and a more conservative anticipated...

During the past decade, a number of interactive technologies, including the Internet, have fundamentally transformed how retailers compete in the marketplace. In a similar vein, emerging interactive technologies can be expected to significantly alter the retailing landscape through their impact...

Choosing assets for their portfolios is a complex decision, and investors, endowed with limited information processing capacity are influenced by various psychological factors. One such factor is investors' processing fluency with the firm's stock. In this paper, we introduce the idea of...