Publications

We examine the relation between the fees paid to auditors for audit and non-audit services, and the choice of accrual measures for a large sample of firms. Using our pooled sample, we find that the ratio of non-audit fees to total fees has a…

Despite the acute shortage of cadaveric organs for kidney transplantation, more than 10% of cadaveric kidneys are discarded each year because of marginal quality. Transplant recipients’ access to these kidneys and to information about their…

We investigate factors associated with firms’ decisions in 2002 and early 2003 to recognize stock-based compensation expense under Statement of Financial Accounting Standards (SFAS) No. 123. We find that the likelihood of SFAS 123 expense…

Periods of social and political change often are marked by struggles among competing ideologies. Given the importance of formal organizations to such struggles, we propose that competitions among ideologies can be understood and modeled as an…

We consider an infinitely repeated Bertrand game, in which prices are publicly observed and each firm receives a privately observed, i.i.d. cost shock in each period. We focus on symmetric perfect public equilibria, wherein any “punishments” are…

(This article originally appeared in Management Science, April 1997, Volume 43, Number 4, pp. 546–558, published by The Institute of Management Sciences.)

Consider a series of companies in a supply chain, each of whom orders from…

How do people react to those who have helped them? The authors propose that a recipient’s evaluation of a helper’s intentions and the recipient’s own attitudes about future interactions with the helper depend partly on the recipient’s perceptions…

The propensity to become a business owner is a nonlinear function of wealth. The relationship between wealth and entry into entrepreneurship is essentially flat over the majority of the wealth distribution. It is only at the top of the wealth…

This study investigates the relation between share price and stock‐based compensation expense that is disclosed but not recognized under SFAS No. 123, after controlling for net income, equity book value, and expected earnings growth. Our…

Two studies tested the notion that the confidence consumers have in their cognitive responses to an ad can increase or decrease the favorability of product attitudes. Increasing confidence in positive thoughts enhanced advertisement effectiveness…

We investigate the relation between two market anomalies to provide insights into analysts’ role as information intermediaries. Prior research finds that accruals and analyst earnings forecast revisions predict future returns. We find that the…

We argue that charismatic leadership can influence external support for the organization, particularly in making the company more attractive to outside investors. Two studies were conducted to test this general hypothesis. First, an archival…

Recent research (Tormala & Petty, 2002) has demonstrated that when people resist persuasion, they can perceive this resistance and become more certain of their initial attitudes. This research explores the role of source credibility in…

We study the identification and estimation of Gorman-Lancaster style hedonic models of demand for differentiated products for the case when one product characteristic is not observed. Our identification and estimation strategy is a two-step…

Many of the chapters in the present volume discuss variables or situations that affect the outcome of resistance, the process of resistance, or people’s motivation to resist. The present chapter differs in that the authors’ interest lies in…

This paper considers the question of tacit collusion in repeated auctions with independent private values and with limited public monitoring. McAfee and McMillan show that the extent of collusion is tied to the availability of transfers. Monetary…