Examination over multiple horizons has been a routine in testing asset return predictability in finance and macroeconomics. In a simple predictive regression model, we find that the popular scaled test for multiple-horizon predictability has zero null rejection rate if the forecast horizon...

The paper develops a general Bayesian framework for robust linear static panel data models using ε-contamination. A two-step approach is employed to derive the conditional type-II maximum likelihood (ML-II) posterior distribution of the coeffcients and individual effects. The ML-II posterior...

I study reputation effects under uncertain monitoring. I examine a repeated game between a long-run player and a series of short-run opponents. The long-run player can either be a strategic type or a commitment type that plays the same action in every period. The modeling innovation is that the...

In the last few years, the financial advisory industry has been impacted by the emergence of digitalization and robo-advisors. This phenomenon affects major financial services, including wealth management, employee savings plans, asset managers, private banks, pension funds, banking services,...

Mediation analysis is central to theory building and testing in organizations research. Management scholars often use linear regression analysis based on normal-theory maximum likelihood estimators to test mediation. However, these estimators are very sensitive to deviations from normality...

Measures of location based on the shortest half sample, including the shorth and the location of the least median of squares, are more robust than the median to outliers, but less robust to contamination near the location. Although such measures can estimate the mode, the proposed estimator of...

The focal point of this paper is to provide some simple and efficient criteria to judge the -stability of two families of polynomials, i.e., an interval multilinear polynomial matrix family and a polytopic polynomial family. Taking advantage of the uncertain parameter information, we analyze...

For the two sixth-order polynomials () and (), Hurwitz stability of their convex combination is necessary and sufficient for the existence of a polynomial () such that ()/() and ()/() are both strictly positive real. Our reasoning method is constructive, and is insightful and helpful in solving...

This paper studies robust Bayesian persuasion of a privately informed receiver in which the sender only has limited knowledge about the receiver's private information. The sender is ambiguity averse and has a maxmin expected utility function. We show that when the sender faces full ambiguity,...