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SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
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Sequential Bargaining Mechanisms
A buyer and a seller are engaged in the trade of a single object. Each agent has private information about his preferences and is impatient in that delaying agreement is costly. In such a setting, a sequential bargaining mechanism is defined as a…
Strategic Management in High-Technology Firms: An Exploratory Study
This paper reports the findings of an exploratory study, examining strategic management tasks and practices of ten electronics firms in Northern California. These firms confront two significant challenges: first, their operating environment is…
Tender Offers and Management Resistance
One purpose of this paper is to present an explanation of these findings based on a theory in which target management may use its private information about the “true” value of the target in a strategy to resist tender offers._x000B__x000B_A…
The Case for Unbalanced Growth of the Firm
For successful long-term growth of the firm, its strategy has to be out of balance with the firms resources from time to time. In particular, the firm needs to overextend itself from time to time, by adopting such a strategy which is somewhat…
The High Earners Scale at Twenty Years Out
This paper reports results of a High Earners Scale for a sample of the Stanford MBA class of 1962 at 20 years out of school. The coefficient of correlation was .44, significant at the .01 level of confidence for 54 men. There were few women in…
The Intraday Speed of Adjustment of Stock Prices to Earnings and Dividend Announcements
This paper examines the effects of Broad Tape news releases of earnings and dividend announcements on three aspects of intraday stock price behavior: mean returns, return variance, and serial correlation in consecutive price changes. The initial…
The Uniqueness Paradox in Organizational Stories
Organizational cultures, and in particular stories, carry a claim to uniqueness - that an institution is unlike any other. This paper argues that a culture’s claim to uniqueness is, paradoxically, expressed through cultural manifestations, such…
Tournaments and Incentives: Heterogeneity and Essentiality
This paper reexamines, and significantly modifies, Lazear and Rosens (1981) negative result, concerning the effect of ex ante heterogeneity of workers on the attainability of first-best efficiency using tournament contracts, even for risk-neutral…
Toward Decision Support Systems for Strategic Marketing
Abstract not available.
Trade Response to Promotion: A Preliminary Report
Abstract not available.
Transaction Costs and Taxation of Capital Gains as Impediments to Arbitrage Pricing: A Study of Government Bonds with the Same Maturity Date
Abstract not available.
What's at Stake in Proposals to Index the Minimum Wage?
Abstract not available.
Adjustment Costs, Durables, and Aggregate Consumption
Previous tests of the permanent income hypothesis (PIH) have focused on either nondurables or durables expenditures in isolation. This paper studies consumer purchases of nondurables and durables as the outcome of a single optimization problem.…
Audience Presence During Breaks in Television Programmes
Experiments on the use of electricity data as an unobtrusive measure of household behaviour during breaks in television programmes have provided some new insights.Whilst confirming much of accepted “presence” research, there is a clear indication…
Capital Market Efficiency: Definitions, Testing Issues And Anomalies
Research on capital market efficiency continues to have an important impact on the accounting and finance literatures. This paper covers five topics related to market efficiency: I. Alternative viewpoints on what is meant by market efficiency, II…
A Comparison of Corporate Financial Reporting in Japan and the United States
This is a research on how corporate financial reporting practices are influenced by such environmental (to accounting) factors as the capital market institutions, the legal system and management behavior. International comparison provides an…
Corporate Entrepreneurship and Strategic Management: A Review and Conceptual Integration
Firms need both diversity and order in strategy for their continued survival. Corporate entrepreneurship is the process through which organizations turn diversity, autonomously generated by their entrepreneurial operational level participants,…
Corporate Financial Reporting: A Methodological Review of Empirical Research
Abstract not available.
Cournot Pre-Commitment and Bertand Competition Yield Cournot Outcomes
Abstract not available.
Diagnosing the Experience Curve
Few strategy concepts have gained wider acceptance than the notion underlying the experience curve, that real unit costs decline systematically with increases in cumulative volume. The logic is appealing, the empirical support seems persuasive…