Design/methodology/approach: Research and development (R&D) activities are crucial if companies are to adapt to technology changes, but budget constraints and limited resources often force companies to select a subset of candidate projects through portfolio selection techniques. However,...

This study investigates experimentally the disclosure of verifiable information in settings with and without seller competition. Sellers often choose to report a selected set of information and buyers account for this – even though not fully – by bidding skeptically. As expected, competition...

Predominant finance theories by academics suggest that achieving consistent outsized returns in the stock market is not possible because the market is efficient. Can legal insider trading disclosure data reported to the SEC provide an effective tool for identifying investments?

I examine whether reference points can provide an explanation for rigid wages in recessions. Even though a recession provides a good reason to adjust wages downward, workers' perception of a “fair wage” may depend on their previous wage, their reference point. Using a laboratory experiment,...

Turbomachinery components such as aero engine compressors are subject to performance and lifetime degradation through erosion and fouling, caused by the impact of airborne particles on the blades. The complex nature of the instationary particle-laden flow in partially rotating geometries, which...