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Demand forecasting has recently become a prime candidate for outsourcing. This research investigates how to design an information quality incentive (IQI) mechanism to manage the quality of demand forecasting in a multi-stage model where the company uses a forecaster's demand forecast to manage...
Persistent link: https://www.econbiz.de/10013052527
This paper studies the effect of competition on analysts' forecast informativeness. I show that the impact of competition on forecast informativeness is ambiguous in general, and identify the necessary and sufficient conditions under which more intense competition can make forecasts less...
Persistent link: https://www.econbiz.de/10012942587
We describe a new mechanism that induces accurate forecasts within an organization while reducing moral hazards and the stigma associated with negative opinions. It is based on the notion of identity escrow, whereby the identity of a forecaster is kept anonymous and only revealed when a number...
Persistent link: https://www.econbiz.de/10014106789
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We provide evidence of unreported trading by corporate insiders in their own firm's shares and link this activity to future firm earnings and analyst forecast error. Unreported trading represent discrepancies between insider shareholdings from trades they report to the Exchange and their...
Persistent link: https://www.econbiz.de/10013060153
Discrimination is a pervasive aspect of modern society and human relations. Statistical discrimination theory suggests …, whereas statistical discrimination theory implies that better predictions can be achieved by using all available information … suggesting that statistical discrimination often results in worse predictions. By understanding when statistical discrimination …
Persistent link: https://www.econbiz.de/10014079853
Should arbitrators consider authority—such as statutes or case law—external to the collective bargaining agreement when deciding labor grievances? Do they rely on such external authority? If so, do they do so in particular circumstances or in certain types of cases? To provide more insight...
Persistent link: https://www.econbiz.de/10012826602
Empiricists document that firms more often voluntarily disclose bad news than good news and link this pessimism to managers' increased incentives not to fall short of earnings expectations. This paper analyzes the voluntary disclosure of a manager's private information by explicitly considering...
Persistent link: https://www.econbiz.de/10012986311
In this paper, to begin with, we define soft information as qualitative, subjective information produced by banks through the establishment of long-term lending relationships. We then highlight the importance of soft information for cooperative and social banks in the screening, pricing and...
Persistent link: https://www.econbiz.de/10013052598