Recent Publications by Manning Faculty and Students
- Accounting
- Finance
- Management
- Marketing Entrepreneurship and Innovation
- Operations and Information Systems
accountingAccounting
Product Market Competition, Legal Institutions, and Accounting Conservatism
Journal of International Accounting Research, 2017(won the IAS 2017 American Accounting Association (AAA) Annual Meeting Best Paper Award)
We examine the differential roles played by product market competition in shaping accounting conservatism across countries with considerably varied investor protection environments. Our findings reveal that product market competition drives managers to adopt accounting conservatism only when a country’s legal institutions effectively protect investors and, thus, strong legal institutions are a necessary condition to ensure high-quality financial reporting in competitive product market. The underlying channels explored in this study include a higher earnings quality, more frequent and greater disclosure practices, and more stringent enforcement of insider trading regulations.
FinanceFinance
Executive Compensation and Corporate Financing Policies: Evidence from CEO Inside Debt
Journal of Corporate Finance, 2018
In this joint work with Saira Latif and Hieu Phan, we examine the relation between the level of CEO debt-based compensation (inside debt) and their choice between external debt or equity financing for their firm. Prior literature takes the view that inside debt aligns CEO's interests with debtholders, and consequently would predict more equity financing to reduce financial risk. But greater inside debt also results in lower debt costs and, along with the greater tax deduction and leverage benefits of debt financing, could cause the CEO to favor debt financing. We find that firms with greater CEO inside debt are more likely to issue debt, and we also find that CEO inside debt is positively related to the stock-price reaction around the debt announcement. Our evidence supports the view that favorable debt terms induced by greater inside debt motivate CEOs to favor debt financing, which then increases shareholder value.
Policy Uncertainty and Mergers and Acquisitions
Journal of Financial and Quantitative Analysis, 2017
This research examines the relationship between government economic policy uncertainty and mergers and acquisitions (M&As), an important form of corporate investment. We find that firms are less likely to engage in M&As and the M&A success rate is lower during periods of high policy uncertainty. In addition, acquiring firms are more likely to use stock for payment to the acquisition targets and they pay lower prices during these periods.
Acquirers, on average, create greater shareholder value from M&A deals undertaken during
periods of high policy uncertainty, which is attributable to their prudence as well as the
wealth transfer from the financially constrained targets to acquirers.
ManagementManagement
The Sharing Economy Globalization Phenomenon: A Research Agenda
Journal of International Management, 2018
This study portrays the case of so called "sharing economy" companies' internationalization and how their disruptive business model activities serves as empirical setting for international business studies. We note that the sharing economy phenomenon has spurred worldwide adoption of platform businesses which, in turn, creates a great opportunity for future research to extend current theories by exploring why, when, and how these firms expand into new countries.
Retaining professionally employed new mothers: The importance of maternal confidence and workplace support to their intent to stay
Human Resource Management (HRM), 2018
While much attention is paid to supporting and retaining new mothers in the workforce, the focus is often on how their new parenting role impacts their work capabilities. Our research focuses on the alternative: how a woman's (sense of her) capabilities in her mothering role has implications for her work. Through a mixed methods study (40 qualitative interviews, followed by a quantitative survey of 802 professionally employed new mothers), we find that maternal confidence is more important to retaining professional women after the birth of their child than confidence in one’s professional role. Specifically, we found that when new mother's feel less confident in their new role as mothers, they experience greater work-family conflict, which in turn, fosters stronger intentions to leave their work role. Therefore, to retain new mothers, organizations must consider how to support them in their transition not only back to work, but also in their transition to this new non-work role.
Extrinsic work values and feedback: Contrary effects for performance and well-being
Human Relations, 2017
Attention leaders: providing competence supportive feedback to employees is good for performance but potentially detrimental to well-being. My findings show that for individuals with higher extrinsic work values - preference for money and recognition - the beneficial effects of feedback on performance are amplified while the beneficial effects for subjective well-being diminish in tandem with felt work demands. Understanding for whom and how performance management practices may, in a sense, motivate all too well is important for sustainability of human capital.
Escaping the iron cage: Liabilities of origin and CSR reporting of emerging market multinational enterprises
Journal of International Business Studies, 2017
We study how emerging market multinational enterprises (EM-MNEs) use corporate social responsibility (CSR) reporting as a means of legitimizing themselves with their host country stakeholders. EM-MNEs face negative stereotypes in the host countries because their home countries have institutional voids, or underdeveloped governance institutions. CSR reporting can help them overcome these negative stereotypes because it is signals to stakeholders a commitment to corporate citizenship and to global best practices. We find that quality of home country governance institutions, degree of internationalization, and EM-MNEs' listing on develop country stock exchanges each drive these firms to increase the breadth and quality of their CSR reporting.
MEIMarketing, Entrepreneurship and Innovation
Betting on the Coachable Entrepreneur: Signaling and Social Exchange in Entrepreneurial Pitches
Entrepreneurship Theory & Practice, 2017
Entrepreneurial coachability is something a lot of people talk about but don't really define. In this paper, we establish a new way to measure entrepreneurial coachability that can be used by both researchers and practitioners. We also conduct analysis that shows that coachability is important above and beyond other factors that investors often use to screen entrepreneurs, especially when the investor has prior coaching experience.
Standard vs. partnership-embedded licensing: Attention and the relationship between licensing and product innovations
Research Policy, 2017
In this paper, we explore the relationship between licensing knowledge and the creation of product innovations in the bio-pharmaceutical industry. We examine different types of licensing agreements and the level of attention available within the licensee. We find that standard licensing, which typically entails a simple exchange of knowledge for money, is less likely to lead to a product innovation than licensing embedded in a broader partnership. However, in the presence of bottom-up (R&D unit receiving licensed knowledge) and top-down attention (organization's top-level managers), standard licensing can lead to innovation outcomes similar to those of partnership-embedded licensing. Our paper provides some fresh insights about licensing, attention, and product innovation.
Does Sparing the Rod Spoil the Child? How Praising, Scolding, and an Assertive Tone Can Encourage Desired Behaviors
Journal of Marketing Research, 2016
This work reports a series of field experiments dealing with the language of pro-social communication. The studies demonstrate that when marketing communication encouraging pro-social behavior praises people for behaving pro-socially and encourages them to keep up, the more effective tone of voice would be an assertive one, because it emphasizes and strengthens the positive mood of the message. But when the message scolds people for not being pro-social enough, a gentler, less assertive tone of voice would be more effective.
Customer Participation and New Product Performance: Towards the Understanding of the Mechanisms and Key Contingencies
Research Policy, 2018
In a study of 241 firms of varying sizes across 14 different industries, we investigate the effect of customer participation on new product development performance. We confirm that overall customer participation and innovativeness are positively related to new product development performance. We also demonstrate that these effects are contingent upon the firm's ability to absorb external information and apply that information to business decisions, especially at the later stages of the new product development process.
Venture capital as an ecosystem engineer for regional innovation co-evolution in an emerging market
International Business Review, 2018
How can venture capital (VC) firms transform a weak innovation ecosystem into a productive and robust one? While the literature has found VC firms’ catalyst role in innovation in developed markets, we know little about whether and how they affect innovation in an emerging market, where formal institutions (e.g., regulations and markets) and informal institutions (e.g., professional networks) to enable VC firms’ catalyst role are relatively lacking. First, we argue that VC firms play a different and more proactive role in these markets as an “ecosystem engineer” through governing the resource flow and selecting deviation, which drive regional innovation performance. Second, such effects are further positively moderated by the presence of multinational enterprises (MNEs) in a region. Lastly, over time, while the direct effects of VC firms persist and increase, the moderating effects of MNE presence decline. Empirically, we examined a Chinese provincial-level panel data of VC activities (1999-2009) and patent applications (2000-2010) and found supportive evidence. Implications are discussed.
Is augmented reality technology an effective tool for e-commerce? An interactivity and vividness perspective
Journal of Interactive Marketing, 2017
AR-based product presentations generally provide effective communication benefits compared to web-based product presentations. The positive relationship between interactivity/vividness and usefulness/enjoyment is mediated by a sense of immersion. The greater consumers' perceived AR media novelty, the greater is consumers' immersive AR experience. The greater previous media experience with AR, the lower is consumers' perceived AR media novelty.
OISOperations and Information Systems
Considerations of Telemedicine in the Delivery of Modern Healthcare
American Journal of Management, 2017
Telecommunication technologies have made telemedicine a modern health delivery system.
Telemedicine enhances home telehealth services as specialty care, patient consultations, remote patient monitoring, and medical education without the patients having to leave their homes. Urban medical centers have used telemedicine to expand access to specialist services by centralizing health care providers to assist patients seen by their primary care providers. This paper explains how telemedicine works with a few cases of telemedicine implementation, identifies lessons learned through discussions of current issues of telemedicine, and concludes with implications and future research directions of telemedicine for researchers and practitioners.
Anonymizing and Sharing Medical Text Records
Journal of Management Information Systems, 2016
Crowdfunding platforms such as Kickstarter and GoFundMe allow new projects to be realized through funding from community members at large. However, this also presents the risk of fraudulent projects been submitted on these platforms. In this study, we build on deception detection theories from multiple disciplines and use text mining techniques to analyze content and linguistic cues for identifying fraudulent behavior on crowdfunding platforms. The findings suggest that dynamic communication (such as those on discussion forums), along with static communication (such as project description) together can be instrumental in detecting fraudulent projects. This study is of much value for not only identifying fraudulent behavior on crowdfunding platforms but also fraud detection in general.
Salience Bias in Crowdsourcing Contests
Information Systems Research, 2018
Crowdsourcing contests are used for generating ideas and solving problems through the hosting of open contests online. We show that salience bias, a type of systematic bias, affects the perceived importance of the information presented to the solvers in these crowdsourcing contests, including the winners of the contests. As a result, companies adopting crowdsourcing may obtain an inferior solution due to the systematic bias. We further show that the number of participating contestants may attenuate or amplify the impact of the salience bias on the outcome of the contests, depending on the effort required to complete the crowdsourcing tasks.
Anonymizing and Sharing Medical Text Records
Information Systems Research, 2017
Health information technology has increased accessibility of health and medical data and benefited medical research and healthcare management. However, there are rising concerns about patient privacy in sharing medical and healthcare data. A large amount of these data are in free text form. This work proposes a new systematic approach to extract, cluster, and anonymize medical text records. The results of the experiments using real-world medical documents demonstrate the effectiveness of the proposed approach.