Publications

This paper presents an empirical analysis of the value of a coordinated market exchange mechanism. I present a model of efficient trading mechanisms under uncertainty, and develop a measure of the value of an interfirm trade agreement in the…

We analyze intraday patterns for a set of cross-listed securities in four markets: the London Stock Exchange (LSE), the NYSE, AMEX, and Nasdaq. Differences in intraday patterns are shown to extend across both geographical and structural…

Returns in emerging capital markets are very different from returns in developed markets. While most previous research has focused on average returns, we analyze the volatility of the returns in emerging equity markets. We characterize the time…

State tort laws that govern the apportionment of damages from accidents often bar potential plaintiffs who played even a minor causal role in the accident from recovering damages from other culpable parties. However, anecdotal evidence suggests…

This paper examines a set of financial policies, call financial restraint, that address financial market stability and growth in an initial environment of low financial deepening. Unlike with financial repression, where the government extracts…

The performance and the effectiveness of financial institutions in an economy are an important consideration for policy makers concerned about economic growth. Growths, after all, is heavily dependent on investment, and a significant fraction of…

This paper is a response to suggestions by the GASB that academics are in a position to contribute to its standard setting process by viewing financial reporting issues in a broader context than that associated with addressing specific issues…

We model the effects of alternative coordination structures on the performance of a firm that faces uncertain demand in multiple horizontal markets. The firm’s coordination structure is jointly determined by its decision-rights structure and by…

This paper presents a theory of endogenous internal organization in a multiagent hierarchy characterized by incomplete information in which independent agents produce complements and have an opportunity to form an alliance through which they…

This research examines the proposition that the difficulty encountered during initial retrievals from memory is positively associated with subsequent recall ability. This proposition is tested experimentally by examining the longitudinal effects…

This paper considers the concept selection stage of a new product development process, using as a point of departure previous work in marketing on optimal concept selection utilizing product attribute-based customer preference and product cost…

This paper examines the integration of market and nonmarket strategies in a setting involving market competition and international trade policy where governments serve as bargaining agents for firms. In the case modeled, the Eastman Kodak Company…

Within organizational theory, the term intergroup relations refers to individual interactions involving members from different groups, as well as the collective behavior of groups in interaction with other groups at either the intra- or inter-…

We synthesize and extend research exploring differences between U.S. and other countries’ GAAP by investigating whether differences between domestic and U.S. GAAP for U.S.-listed U.K., Australian, and Canadian firms are associated with firms’…

Consumer beliefs about influences on liking are explored. Questionnaires were administered to explore the extent to which respondents’ implicit beliefs resemble any of six concepts established in experimental psychology. Results indicate…