Among the inputs that executives rely on to run competitive organizations, a particular type resists classification: ideas. Companies need a steady supply of ideas, and they often turn to external venues for help. Say, for instance, a company is developing an advertising campaign that needs art and text to convey a targeted message. If the company lacks the ... 閱讀更多

A rule designed to protect investors may encourage managerial short-termism, to the detriment of firms. This sobering finding comes from a study led by HKUST’s Yan Xiong. According to Xiong and a U.S. colleague, the American government is tying firms’ hands with the requirement to disclose managers’ pay offers. The paper shows how managers become more myopic ... 閱讀更多