layperson talk

Are Judges Like Umpires? Political Affiliation and Business Lawsuits

Political science studies show that judge ideology influences judicial votes in federal courts, with judges appointed by Democratic presidents being more liberal than those appointed by Republican presidents. Although legal doctri ...

Harbingers of Product Failure (and Success)

Managing new products is important for many firms. One challenging problem is how to predict the success of a new product, especially in their early life cycle. Using large-scale retailer data, we find the novel prediction that th ...

Herd Immunity and A Vaccination Game

Would the affected communities voluntarily obtain herd immunity if a cure for COVID-19 becomes available? The conventional wisdom says “no” because of the fact that an individual's decisions does not take into account ...

Occupational Failures May Limit Your Leadership Capabilities

With the increasing demands for innovation and adaption, organizations need employees not in formal leadership roles to take initiatives and exhibit informal leadership among their peers.  Prior research has focused on &ldquo ...

The Value of Analysts' Capital Expenditure Forecasts

Financial analysts are important information intermediaries in capital markets. Traditional research outputs of analysts, such as buy/sell recommendations and EPS forecasts, have been the mainstream focus of market participants. I ...

Firms Innovation Disclosure and Their Banking Relationship

Firms face a trade-off between patenting, thereby disclosing innovation, and secrecy. We show that this trade-off interacts with firms’ financing choices. As a shock to innovation disclosure, we study the American Inventor’s Prote ...

Moment Marketing: A New Tool for Effective Cross-Channel Advertising

Moment marketing is a rich new area of contextual advertising that entails the ability to synchronize online advertising (e.g., sponsored search) in real time with relevant offline events such as TV ads. Although 81% of surveyed d ...

When Discount Hurts Sales

How much should we discount our products or services? Many online sellers offer deep discounts to attract consumers. This is especially the case in online markets where the sellers are often less known to consumers. The question i ...

The Benefits of Short-selling

Short sellers have been known to uncover companies that engage in financial. Indeed, several activist short sellers like Muddy Waters Research and Citron Research make a name for themselves by proactively targeting fraudsters, bri ...

Corporate Disclosure as a Tacit Coordination Mechanism

In an earnings conference call with investors in 2008, Edward J Shoen, chief executive officer and chairman of U-Haul International, Inc., lamented that the Avis Budget Group, Inc., its main competition in one-way, do-it-yourself ...