Content platforms increasingly let creators sell paid content alongside free posts. This "freemium" model raises a critical question: does giving creators a way to monetize cannibalize the free content that attracts users to the platform in the first place? If paid options cause creators to stop contributing freely, platforms risk undermining the very ... 閱讀更多

How can firms protect investments made specifically for a key buyer? In many business-to-business supply chain relationships, suppliers customize products, technologies, or processes for particular buyers. While such investments can increase the value of the relationship, they also make suppliers more vulnerable if contracts cannot fully anticipate future ... 閱讀更多

How do professionals uphold core values while working inside state agencies with government mandates? Drawing on China's patent office during the rollout of the Made in China 2025 (MIC 2025) policy, a major national policy that pressured examiners to prioritize domestic strategic innovation, this study probes how values are maintained or bent in practice ... 閱讀更多

Zero-days-to-expiration (0DTE) options, which expire the same day they are traded, have surged in popularity in recent years, accounting for nearly 60% of the volume of S&P 500 index options in 2025. Prior research has documented a large proportion of retail investors in this market, who trade for speculative purposes and lose money on average. Our work ... 閱讀更多

When Firms Enter Stock Indexes, They Borrow More When a company is added to a major stock index, billions of dollars can flow into its shares almost overnight. But does index inclusion change anything inside the firm itself? Our research suggests that it does. Analyzing nearly 200 index inclusion events across 21 countries, we find that firms entering ... 閱讀更多

The paper outlines critical insights into how foreign institutions' holdings of dollar-denominated assets can lead to unexpected spikes in domestic Treasury yields during crises. The authors highlight that during the COVID-19 crisis, UK institutions faced significant liquidity pressures due to the appreciation of the dollar, which forced them to liquidate ... 閱讀更多

The intensifying rivalry between major global economies highlights the need to better understand the politicized nature of international business. This study introduces a new political factor—community political ideology (i.e., the dominant political ideology along the liberalism-conservatism spectrum among a community’s members)—and examines its influences ... 閱讀更多

Many investors focus on either individual companies or broad market factors like value and size. But our research reveals a powerful middle layer: the network of connections between stocks. Here's the pattern: when a group of "leader" stocks moves today, related "laggard" stocks tend to follow tomorrow. This relationship is strong enough to generate ... 閱讀更多

For decades, investor have relied on intuition, a limitedset of financial ratios, and traditional regression analyses to predict future earnings changes. Are detailed financial data even useful? We present empirical evidence that combining detailed financial data with machine learning models significantly enhances predictive accuracy. By using eXtensible ... 閱讀更多

Consumers often pay an excessive amount of fees for bank overdrafts and service overage, because they overestimate their ability to track their spending. We conduct an analytical study to examine how the advances in consumption tracking technologies — such as mobile banking apps that help consumers monitor their spending and avoid overdrawn accounts – can ... 閱讀更多