Open Access. Powered by Scholars. Published by Universities.®

Business Commons

Open Access. Powered by Scholars. Published by Universities.®

SelectedWorks

2017

Discipline
Keyword
Publication

Articles 1 - 8 of 8

Full-Text Articles in Business

Ceo Compensation And Risk-Taking At Financial Firms: Evidence From U.S. Federal Loan Assistance, Amar Gande, Swami Kalpathy Dec 2017

Ceo Compensation And Risk-Taking At Financial Firms: Evidence From U.S. Federal Loan Assistance, Amar Gande, Swami Kalpathy

Amar Gande

We examine whether risk-taking among the largest financial firms in the U.S. is related to CEO equity incentives before the 2008 financial crisis. Using data on U.S. Federal Reserve emergency loans provided to these firms, we find that the amount of emergency loans and total days the loans are outstanding are increasing in pre-crisis CEO risk-taking incentives – “vega”. Our results are robust to accounting for endogeneity in CEO equity incentives and selection of financial firms into emergency loan programs. We also rule out the possibility that our results are driven by a bank’s funding base, bank complexity, CEO overconfidence, …


Competitive Intensity And Its Two-Sided Effect On The Boundaries Of Firm Performance, Joao Montez, Francisco Ruiz-Aliseda, Michael D. Ryall May 2017

Competitive Intensity And Its Two-Sided Effect On The Boundaries Of Firm Performance, Joao Montez, Francisco Ruiz-Aliseda, Michael D. Ryall

Michael D Ryall

The new perspective emerging from strategy's value-capture stream is that the effects of competition are two-fold: competition for an agent bounds its performance from below, while that for its transaction partners bounds from above. Thus, assessing the intensity of competition on either side is essential to understanding firm performance. Yet, the literature provides no formal notion of "competitive intensity" with which to make such assessments. Rather, some authors use added value as their central analytic concept, others the core. Added value is simple, but misses the crucial, for-an-agent side of competition. The core is theoretically complete, but difficult to interpret …


Lessons In Leadership For Managers And Supervisors: Fearless And Ferocious Managing, Anthony J. Jackson Prof Apr 2017

Lessons In Leadership For Managers And Supervisors: Fearless And Ferocious Managing, Anthony J. Jackson Prof

Anthony J Jackson Prof

No abstract provided.


Suppliers, Investors, And Equity Market Liberalizations, Martin Strieborny Mar 2017

Suppliers, Investors, And Equity Market Liberalizations, Martin Strieborny

Martin Strieborny

Allowing foreign investors to acquire equity stakes in domestic firms stimulates the real economy by promoting frictionless relationships between buyers and suppliers of intermediate goods. I combine insights from research on financial liberalization and relationship-specific investment to derive this hypothesis and then use a difference-in-difference empirical framework to test it. Results from panel-data and event-study estimations confirm that equity market liberalizations boost output growth particularly in suppliers-dependent industries that require a high share of specialized inputs in their production process. Financial openness can thus facilitate smooth interactions between firms and an important corporate stakeholder - suppliers of crucial production inputs.


Serious Gamification: On The Redesign Of A Popular Paradox, Steffen Roth Jan 2017

Serious Gamification: On The Redesign Of A Popular Paradox, Steffen Roth

Dr. Steffen Roth

We challenge the idea of the paradoxical nature of the concept serious games and ask how researchers and designers need to conceive of serious games so that they at all appear paradoxical. To develop and answer this question, we draw on a theory–method that considers all forms of observation as paradoxical. We then use the tetralemma, a structure from traditional Indian logics, to resolve the paradox of serious games into this larger paradox of observation. Consequently, serious games may only be consid- ered a paradox if we presume realities and define games as deviations therefrom. The increasing gamification of society, …


C.V. - Wojciech Budzianowski, Wojciech M. Budzianowski Jan 2017

C.V. - Wojciech Budzianowski, Wojciech M. Budzianowski

Wojciech Budzianowski

-


Renewable Energy And Sustainable Development (Resd) Group, Wojciech M. Budzianowski Jan 2017

Renewable Energy And Sustainable Development (Resd) Group, Wojciech M. Budzianowski

Wojciech Budzianowski

No abstract provided.


Call For Abstracts - Resrb 2017, June 19-21, 2017, Wrocław, Poland, Wojciech M. Budzianowski Jan 2017

Call For Abstracts - Resrb 2017, June 19-21, 2017, Wrocław, Poland, Wojciech M. Budzianowski

Wojciech Budzianowski

No abstract provided.