Indiana University Kelley School of Business Research Paper Series最新文献_第3页

Indiana University Kelley School of Business Research Paper Series Pub Date : 2015-09-05 DOI: 10.2139/ssrn.2549305

Ye Cai, Merih Sevilir, Jun Yang

引用次数: 3

On Climate Change and Cyber Attacks: Leveraging Polycentric Governance to Mitigate Global Collective Action Problems 气候变化和网络攻击:利用多中心治理缓解全球集体行动问题

Indiana University Kelley School of Business Research Paper Series Pub Date : 2015-07-13 DOI: 10.2139/SSRN.2630333

Scott J. Shackelford

{"title":"On Climate Change and Cyber Attacks: Leveraging Polycentric Governance to Mitigate Global Collective Action Problems","authors":"Scott J. Shackelford","doi":"10.2139/SSRN.2630333","DOIUrl":"https://doi.org/10.2139/SSRN.2630333","url":null,"abstract":"Although the atmosphere and cyberspace are distinct arenas, they share similar problems of overuse, difficulties of enforcement, and the associated challenges of collective inaction and free riders. Moreover, “[m]illions of actors affect the global atmosphere[,]” just as they do the Internet. With weather patterns changing, global sea levels rising, and temperatures set to exceed 1.5 degrees Celsius by 2100, climate change is a problem affecting the entire world, but one in which benefits are dispersed and the harms are often concentrated. Similarly, the cost of cyber attacks is concentrated in a relatively small number of nations even as others are becoming havens for cybercriminals. Yet it is also true that actions taken by a multiplicity of actors on a small scale can impact both the global climate change problem and the cause of promoting a global culture of cybersecurity. This Article tracks the evolution of the climate change regime focusing both on top-down UN Framework Convention on Climate Change and bottom-up bilateral and regional efforts and then compares and contrasts this history with Internet governance. The potential of polycentric governance to mitigate the two global collective action problems of climate change and cyber attacks is assessed even as policymakers increasingly head in this direction such as may be seen by the preparations for the 2015 Conference of the Parties in Paris and statements made by the President of Estonia and Director of the Internet Corporation for Assigned Names and Numbers.","PeriodicalId":412480,"journal":{"name":"Indiana University Kelley School of Business Research Paper Series","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114252389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 19

The Consensus Effect on Shared Treatment Experience in Online Healthcare Communities 在线医疗社区共享治疗经验的共识效应

Indiana University Kelley School of Business Research Paper Series Pub Date : 2015-05-05 DOI: 10.2139/ssrn.2603042

L. Yan, Yong Tan

{"title":"The Consensus Effect on Shared Treatment Experience in Online Healthcare Communities","authors":"L. Yan, Yong Tan","doi":"10.2139/ssrn.2603042","DOIUrl":"https://doi.org/10.2139/ssrn.2603042","url":null,"abstract":"Online healthcare communities have become increasingly popular among patients, enabling them to access massive health-related information and to connect to a large population of patients who suffer from similar health problems. Extant research has demonstrated the important role that others’ shared opinions play in the decision-making process of individuals. In this paper, we are therefore interested in investigating how other patients’ inconsistency of treatment experience affects patients’ perceived treatment effectiveness. By viewing consensus as the exploratory cost for patients to find diversified health information and by controlling individual heterogeneity and the inhomogeneous weighting function of social influence on patients, we find that consensus has a positive impact on patients’ perceived treatment effectiveness. We also find that this effect is moderated by the discussion volume, the scope of discussed issues, and patients’ social connectedness. Because perceived treatment effectiveness is closely related to patients’ medical decisions about treatments, we provide a discussion of the implications of these findings on pharmaceutical marketing and public policies.","PeriodicalId":412480,"journal":{"name":"Indiana University Kelley School of Business Research Paper Series","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128297289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Exercise Boundary Violations in American-Style Options: The Rule, Not the Exception 美式期权中的越界行为:规则，而非例外

Indiana University Kelley School of Business Research Paper Series Pub Date : 2015-03-01 DOI: 10.2139/ssrn.2544915

Robert H. Battalio, Stephen Figlewski, R. Neal

{"title":"Exercise Boundary Violations in American-Style Options: The Rule, Not the Exception","authors":"Robert H. Battalio, Stephen Figlewski, R. Neal","doi":"10.2139/ssrn.2544915","DOIUrl":"https://doi.org/10.2139/ssrn.2544915","url":null,"abstract":"An exercise boundary violation (EBV) occurs when the current bid price for an American option in the market is below intrinsic value. A seller at this price leaves money on the table and the buyer receives an arbitrage profit. In a liquid market, competition among dealers should drive up the bid prices and eliminate the arbitrage. An analysis of intraday data shows that EBVs are the norm, not the exception, with near-term in-the-money equity calls and puts the most affected. In March 2010 48.6% of all in-the-money call options had EBV bid quotes and 11.5% of trading volume in those options occurred below the intrinsic value, costing the sellers an estimated $39 million. EBVs are highly persistent throughout the day, making it rational to liquidate an option by exercise rather than selling it in the market, in sharp contrast to textbook theory. Our empirical results show early exercise is strongly related to an option's EBV. In addition to altering optimal exercise strategy and the value of the early exercise premium, the possibility of early exercise to avoid an EBV makes intrinsic value the effective bid price. This narrows the spread and raises its midpoint, which affects customary measures of market liquidity, the option's market price, and its implied volatility.","PeriodicalId":412480,"journal":{"name":"Indiana University Kelley School of Business Research Paper Series","volume":"46 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116311843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

The Role of Female Sexual-Self Schema in Reactions to Non-Explicit Sexual Advertising Imagery 女性性自我图式在非显性性广告意象反应中的作用

Indiana University Kelley School of Business Research Paper Series Pub Date : 2015-02-13 DOI: 10.2139/ssrn.2564640

J. Mayer, P. Peev

引用次数: 1

Honesty and Adverse Selection 诚实与逆向选择

Indiana University Kelley School of Business Research Paper Series Pub Date : 2014-08-29 DOI: 10.2139/ssrn.2426214

Michael T. Rauh, Giulio Seccia

引用次数: 1

Bank Asset Reallocation and Sovereign Debt 银行资产再配置与主权债务

Indiana University Kelley School of Business Research Paper Series Pub Date : 2014-08-15 DOI: 10.2139/ssrn.2491613

M. Fratianni, F. Marchionne

引用次数: 9

Who Trades with Whom? Individuals, Institutions, and Returns 谁和谁交易?个人、机构和回报

Indiana University Kelley School of Business Research Paper Series Pub Date : 2014-05-13 DOI: 10.2139/ssrn.1029626

Noah Stoffman

引用次数: 21

A Tale of Two Channels: Incorporating Private Information in Limit Order Market 两个渠道的故事:在限价单市场中纳入私人信息

Indiana University Kelley School of Business Research Paper Series Pub Date : 2013-03-05 DOI: 10.2139/ssrn.2222671

Zhong Zhang

引用次数: 0

Some Observations about SOX 404(b) Control Process Audits 关于SOX 404(b)控制过程审计的一些看法

Indiana University Kelley School of Business Research Paper Series Pub Date : 2012-09-24 DOI: 10.2139/ssrn.2155144

William R. Kinney, Jr., R. Martin, Marcy L. Shepardson

{"title":"Some Observations about SOX 404(b) Control Process Audits","authors":"William R. Kinney, Jr., R. Martin, Marcy L. Shepardson","doi":"10.2139/ssrn.2155144","DOIUrl":"https://doi.org/10.2139/ssrn.2155144","url":null,"abstract":"In the decade since the July, 2002 passage of the quickly-legislated Sarbanes-Oxley Act, audit production in the U.S. has been substantially augmented by implementation of mandated internal control process audits. Audit production changes are important as the control audit mandate is unique and imposes substantial costs on U.S.-traded firms, yet little is known about the conduct of control process audits or the efficacy of substantially lower cost alternative mechanisms to provide auditor scrutiny and reporting on internal control quality. This paper reflects our collective experiences and observation of a consistent message across the decade from analyses of extensive public and limited non-public archival data, analytical studies, and numerous personal experiences of audit practitioners. Our primary observation is that, absent knowledge of any financial misstatements, auditors find it difficult to identify material weaknesses in internal control over financial reporting. Conversely, with knowledge of misstatements, auditors can and do identify, at low incremental cost, most entities that have ineffective internal controls as identified by control audits. Financial misstatement detection is, of course, the primary tangible output of a financial statement audit. Thus, it appears possible to exploit this observation to obtain for investors information about companies with weak controls without incurring the cost of a full internal control process audit. We believe that U.S. markets could benefit from more transparency about the current U.S. audit production process and from informed debate about the best mechanism design for balancing the needs of all parties interested in internal control quality disclosure.","PeriodicalId":412480,"journal":{"name":"Indiana University Kelley School of Business Research Paper Series","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127338960","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3