An information framework is proposed for the systematic application, unification, and generalizations of the measures used in the uncertainty and disagreement of economic forecasters literature. The framework uses the mixture model of density forecasts and applies an uncertainty function and an...

The stochastic error distance (SED) introduced by Diebold & Shin (2017) ranks forecast models by divergence between distributions of the errors of the actual and prefect forecast models. The basic SED is defined by the variation distance and provides a representation of the mean absolute error,...

This article defines a quantized entropy and develops Bayes estimates and inference for the entropy and a Kullback-Leibler information index of the model fit. We use a Dirichlet process prior for the unknown data-generating distribution with a maximum entropy candidate model as the expected...

Managers construct organizational facades that mislead external stakeholders, organizational members, and researchers. This article discusses reasons why managers construct organizational facades and gives examples of facades involving work processes, organizational structures, and managerial...

This article prescribes how an organization can meet social and technological changes and reap advantage from them. Long-term viability maximizes in a self-designing organization, in which those who perform activities take primary responsibility for learning and for inventing new methods, and in...

This paper applies a comparative institutional perspective to the organizational design called matrix structure. After discussing the motivations for a multidimensional form of organization, the paper compares the transaction cost characteristics of the matrix (MX-form) structure with those of...

Recent trends in shareholder empowerment have spurred a heated debate whether empowered shareholders will ultimately cure corporate ills or adversely affect corporate fortunes. While some scholars claim that further strides in empowering shareholders will improve managerial accountability and...