This paper reports the results of experiments designed to test whether individuals interacting on Facebook are more likely to succumb to the conjunction fallacy when they post their answers publicly and are exposed to the answers of others. Using the experimental design in Kahneman and Tversky...

This paper asks whether it is optimal for a firm to pay a loss averse agent for losses due to demotion and reassignment caused by a bad fit on an assignment, in a hidden action setting. We find that it is optimal for the firm to fully pay the agent for such losses with a targeted contingent...

We examine whether reputable independent directors improve firm performance and governance quality in emerging markets, using data from China. Firms with such directors, measured as the number of directorships in other listed firms, have higher profitability, operating efficiency and...

This paper examines whether and to what extent directors’ career concerns influence firms’ investor outreach efforts. Directors experiencing proxy fights face serious career concerns due to the prospect of losing their board positions. Using a staggered difference-in-differences design, we...

This article studies the relationship between corporate downsizing and family ownership. Through the lens of socioemotional wealth theory, we hypothesise that family firms downsize less than their non-family counterparts as they identify more with their firms, care about reputational damage, and...

This paper examines that analyst network reputation shapes information efficiency in the stock market. Using a analyst-firm pair dataset from the Chinese Stock Exchange from 2011 to 2021, analyst network reputation is constructed by multi-attribute decision making and synthetic evaluation...

In the context of a global security framework that mitigates interstate conflicts, nation-states establish a reputation for resolve by supporting foreign insurrections. Our theoretical predictions indicate that states with a greater number of co-ethnic groups abroad are more inclined to endorse...

This paper aims to enhance the understanding of the concepts of service quality, customer satisfaction with service, and organizational reputation in the context of educational services. The conceptual framework for testing the relationship between the three constructs was developed and tested...

The effects of firm-specific resources on firm performance has been a quest of many and widely studied worldwide. In today’s business environment, arguments suggesting the relative importance of firm-specific resources in explaining firm performance variation are said to be of the greatest...

We use census-like data and a regression discontinuity design to study the labor market impacts of a signal provided by a government-sponsored award given to top-performing students on a nationwide college exit exam in Colombia. Students who can signal their high level of specific skills earn...

The paper analyses the current European trademark legal framework for striking a balance between the interests of proprietors of reputable trademarks and content creators. The paper focuses on five different cases where the competing interests arise, interpreting and applying provisions of...

investigate whether a loss of labor market reputation adversely affects audit offices’ ability to attract high-quality auditors, which, in turn, could impede their ability to provide high-quality audits. Labor market reputation captures prospective employees’ perceptions of a firm and its...

Why do some countries prosecute political corruption while others do not? The studies of judicial systems seem to place the answer to that question within the realm of the quality of judicial independence and the quality of judicial institutions designed to protect judicial independence. While...

Credence-goods experiments have focused on stylized settings in which experts can perfectly identify the buyer’s best option and that option works without fail. However, in nature, credence goods involve uncertainties that complicate assessing the quality of service and advice. We introduce...

Courts and reputation-based enforcement mechanisms are often employed to mitigate the problem of cheating in trade relationships. The choice between these two enforcement mechanisms in conducting trade is closely associated with cultural dispositions to individualism and collectivism....

Our study documents the direct and spillover costs arising from the loss of reputation for credit rating agencies (CRAs). Credit ratings are essential for a well-functioning debt market, and the integrity of these ratings depends on the reputation of the CRAs. Using data from the unexpected...

Firms, insurance companies, pension funds, and broadly speaking the international community focus already their engagement activities on environmental, social and governance (ESG) issues since it can create long-term shareholder value, by determining the future performance of markets. Indeed ESG...

We investigate the response of shareholders to Environmental, Social, and Governance-related reputational risk (ESG-risk), focusing exclusively on the impact of social media. Using a dataset of 114 million tweets about firms listed on the S&P100 index between 2016 and 2022, we extract...

Using a large sample of firms from 69 countries, we find that reputational risk induced by adverse ESG exposure through media channels is associated with greater corporate dividends payout ratios. This result is robust to endogeneity concerns and alternative measures of key variables. The...

We investigate whether users' reputations on the sharing economy platform of Airbnb are racially biased. We do so by comparing the ratings of vacation rentals cross-listed on two sharing economy platforms: Airbnb and HomeAway. Whereas on Airbnb, the social demographic characteristics of hosts...

A reform movement is underway in antitrust. Citing prior enforcement failures, deviations from the original intent of the antitrust laws, and overall rising levels of sector concentration, some are seeking to fundamentally alter or altogether replace the current consumer welfare standard, which...

Principal-agent interactions in which the agent can preemptively signal prosociality can achieve higher levels of trust and reciprocity if both parties care about social esteem (Boulu-Reshef and Kuechle, 2023). However, it is unclear to what extent social esteem is necessary for this outcome. In...

In this paper, we will discuss how to get papers published in reputable journals. We will discuss this topic based on my experience. Thus, we will discuss how to get papers published in reputable journals in the areas of Economics, Finance, and Business based on our experience. We first discuss...

We examine the impact of reputational concerns on seeking advice. While seeking can improve performance, it may affect how others perceive the seeker's competence. In an online experiment with white-collar professionals (N=2,521), we test how individuals navigate this tradeoff and if others'...