This paper explores the determinants of observed analyst-firm pairings. We adopt an analyst/brokerage house perspective that allows us to examine not only firm-level characteristics as in prior research, but also attributes of the analyst and the analyst’s brokerage house that may drive these pairings. Our empirical analyses provide two primary insights. First, analyst characteristics such as i...

Prior studies have documented that in firm-supplier relations where the firm makes an investment up-front, the profits are exposed to expropriation by the supplier, and results in underinvestment. We analyze such a firm-supplier relation in a bargaining framework, and show that the bargaining power of the firm is positively related to the resale value of its investment, and negatively related t...

This paper investigates whether the skewness of firm fundamentals is informative about future firm performance and stock returns. We present two distinct preference-free theoretical models of firm fundamentals, both of which imply a positive relation between the skewness of firm fundamentals and expected stock return. Consistent with this implication, we show empirically that the skewness measu...

nowadays, the process of knowledge sharing has gone beyond organizational boundaries and the issue of knowledge sharing is discussed widely among different companies and organizations in order to improve their performance. with the emergent of outsourcing process and increasing attention of organizations toward it, managers are more inclined to outsource their services; but, the problem of inte...

The practice of accounting conservatism, determination capital structure, and firm performance are important elements in influencing value, either directly or through moderation. Firm as a reflection company`s policy plays an role variable that can moderate this influence. Thus, study aims to examine the particularly moderating effect conservatism structure. To test role, managerial ownership i...

Boards of directors serve several functions, chief among them the monitoring of the firm and management. We model the monitoring activities of directors, who themselves face a moral hazard problem and need incentives to avoid shirking. The firm simultaneously sets wage incentives for all employees (directors and workers), and also chooses the size of the firm. Larger firms are more productive, ...

We study timing decisions for price change of style goods in the existence of competition. We model as a duopoly two firms which are selling their fixed stocks of an item in a given period of time. Our model differs from existing single-firm inventory models in that we explicitly consider the demand interactions through pricing decisions by two competing firms. Each firm starts with the same in...

employee-customer-profit(ecp) chain is one of the guidelines for organizations‘success in their life cycle. strong relationships have been found betweenemployees' attitudes and behaviors, employees' behaviors and customers'impressions, and customers' impressions and revenue growth. out of this chain,there are some factors that can influence the processes through which these factorsinteract. one...