Recent studies in managerial accounting point out that the firms do not fully ratchet up the managers' future performance targets based on their past performance. This study offers a novel theoretical perspective on the firm's executive compensation strategy that supports such latest empirical...

The purpose of this paper is to examine the transition of economic freedom indexes themselves among countries in the world instead of their economic effect. The three central questions of this study are: Do economic freedom sub-indexes converge? Do some sub-indexes of economic freedom display...

We examine the role of signaling and of intrinsic benefits in the adoption of the individual elements of the voluntary LEED (Leadership in Energy and Environmental Design) standards for green buildings. We use goodness-of-fit tests on data for all 442 LEED certified buildings and find that...

We consider the problem of a firm facing failures with weak forewarning signals. In the base model that we study, the firm watches for signals of a random arrival of a disruptive innovation and continuously updates the posterior probability that a disruptive innovation has already happened. A...