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We examine the product market sanctions resulting from financial misrepresentation. We generate a direct measure of product market sanctions and find that after a firm is accused of fraud, its customers impose real and significant economic sanctions on the firm. Using transactional data to track...
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Managers have great discretion in determining forecast characteristics, but little is known about how managerial incentives affect these characteristics. This paper examines whether managers strategically choose forecast precision for self-serving purposes. Building on the prior finding that the...
Persistent link: https://www.econbiz.de/10013064170
Managers have great discretion in determining management forecast characteristics, but little is known about how managerial incentives affect these characteristics. In this paper, we examine whether managers strategically choose the precision of their earnings forecasts for self-serving...
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We study a joint capacity leasing and demand acceptance problem in intermodal transportation. The model features multiple sources of evolving supply and demand, and endogenizes the interplay of three levers --- forecasting, leasing, and demand acceptance. We characterize the optimal policy, and...
Persistent link: https://www.econbiz.de/10013018491
We examine the critical role of advance supply signals - such as suppliers' financial health and production viability - in dynamic supply risk management. The firm operates an inventory system with multiple demand classes and multiple suppliers. The sales are discretionary and the suppliers are...
Persistent link: https://www.econbiz.de/10013018492