Publications

Abstract not available.

Most theoretical models of dealer markets conclude that interdealer trade increases the efficiency of trading. Until recently, finance economists have not had access to the data necessary to assess the importance and consequence of interdealer…

The objective of this paper is to investigate how harmonization affects securities market performance. We adopt an investor perspective on the effects of international accounting differences and seek to provide insights potentially relevant to…

Previous research on status in markets has posited that status orderings are stable, self-reproducing entities. Higher status facilitates an actor’s ability to acquire resources that will in turn allow the actor s actually know what the correct…

This paper studies the diversification benefits from investing in emerging equity markets for the years 1990-1996. We focus on investable assets, namely U.S. and U.K. traded closed-ends funds, open-end funds and ADRs, for comparison with…

World-Class Manufacturing has received a great deal of attention in the past few years, drawing largely on successful Japanese manufacturing practices. There has also been a separate explosion in the use of conjoint analysis to determine customer…

In December 1996, the Marketing Science Institute sponsored a workshop titled, “Inter-functional Interfaces: The Management of Corporate Fault Zones.” The purpose of the workshop was to bring industry and academic participants together in order…

This paper compares and contrasts alternative measures of activity-based cost management (ABCM) success in models testing ABCM success determinants. Both a priori and factor-analysis approaches are examined. The a priori measures examined are: (1…

Several experiments provided evidence that negotiators make systematic errors in personality trait attributions for bargaining behaviors of their counterparts. Although basic negotiation behavior is highly determined by bargaining positions,…

The general restrictions on all economic primitives (i.e., (a) endowments, (b) preferences, and (c) asset return distributions) that yield the CAPM under the expected utility paradigm are provided. These results are then used to derive the class…

This paper investigates the extent to which managers use their accounting discretion to reduce the costs associated with voluntary disclosure in general, and with management forecast errors in particular. The empirical findings are consistent…

This paper studies optimal experimentation by a monopolist who faces an unknown demand curve subject to random changes, and who maximizes profits over an infinite horizon in continuous time. We show that there are two qualitatively very different…

This study provides evidence on relevance and reliability of option pricing-based estimates of total debt and component, i.e., conversion, call, put, and sinking fund features, values. Findings reveal component value estimates represent large…

Most studies of organizational performance define performance as a dependent variable and seek to identify variables that produce variations in performance. Researchers who study organizational performance in this way typically devote little…