These papers are working drafts of research which often appear in final form in academic journals. The published versions may differ from the working versions provided here.
SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
You may search for authors and topics and download copies of the work there.
Taking the Workers Back Out: Recent Trends in the Structuring of Employment
Abstract not available.
Taxation and the Dynamics of Corporate Control: The Uncertain Case for Tax Motivated Acquisitions
We develop an analytic framework to examine the familiar claim that the tax system favors corporate acquisitions. The framework is then applied to the three most commonly identified sources of tax gains from acquisitions: the change in asset…
A Test of the Efficiency of a Given Portfolio
A test for the ex ante efficiency of a given portfolio of assets is developed. The relevant statistic has a tractable small sample distribution. Its power function is derived and used to study the sensitivity of the test to the portfolio choice…
The Interrelations of Finance and Economics: Empirical Perspectives
Abstract not available.
The Old and New Export Pessimism: A Critical Survey
Rather ironically, the very success of the East Asian NICS (Newly Industrializing Countries) has evoked a new export pessimism. This paper sorts out the arguments underlying this pessimism and evaluates their credibility. The discussion moves…
Transactions Cost and Portfolio Choice in a Discrete-Continuous Time Setting
This paper makes two modest observations concerning a new formulation of the consumption and portfolio choice model of Merton (1971), with transactions costs. Suppose the agent observes his or her current wealth only when making a transaction,…
Viable Allocations of Information in Financial Markets
This paper studies, in the context of a financial market, allocations of information that are consistent with endogenous information acquisition. We focus on whether information is concentrated within a fraction of the market, or is diffuse. The…
An Evaluation of Estimation Procedures for New Product Diffusion Models
We compare four procedures for estimating new product diffusion models, viz., ordinary least squares, maximum likelihood estimation, nonlinear least squares, and algebraic estimation. The paper first discusses the advantages and disadvantages of…
Aspiration Level Effects: An Empirical Investigation
A sample of 10000 quarterly earnings announcements by publicly held companies listed on the COMPUSTAT and CRSP data bases is examined. Four models from the current accounting literature ar used to generate ‘forecast’ errors for each of these…
Astronauts, Robots, and Organizational Design: Contributions of Organization Theory to Research on the Space Station
This paper offers a research agenda for analyzing organizational problems in permanent organizations in outer space. Substantial opportunities for organizational research exist in the environment of space, where one faces questions about how to…
Asymmetric Information and Labor Contracts: A Survey
This paper surveys models of optimal labor contracts between risk averse workers and privately informed firms. We analyze the inefficiencies resulting from the conflict between the provision of incentives for the firm and risk sharing…
Attitude Organization and the Attitude-Behavior Relationship: A Reply to Dillon and Kumar
This article analyzes Dillon and Kumar’s reanalysis of data previously reported by Fishbein and Ajzen (1974) and subsequently reanalyzed by Bagozzi and Burnkrant (1979). It also performs new analyses of the same data addressing the construct…
Battles for Market Share: Incomplete Information, Aggressive Strategic Pricing and Competitive Dynamics
Abstract not available.
Bias in Small Sample Tests of Stock Price Rationality
This paper demonstrates a severe small sample bias in the use of sample variances to test stock price variance bounds, under the maintained assumption that prices and dividends follow stationary and ergodic stochastic processes. This bias is due…
Bringing the Environment Back In: The Social Context of Business Strategy
Abstract not available.
Capacity Utilization in the Chemical Processing Industries: Theoretical Models and Empirical Tests
Alternative models of optimal capacity expansion are used to develop a series of hypotheses regarding the behavior of capacity utilization. These hypotheses are then tested at the industry level on a large data sample covering 40 chemical…
Centralization Versus Delegation and the Value of Communication
Abstract not available.