• Does the Control–Cash Flow Rights Wedge Capture Private Benefits of Control? Evidence from a Mandatory Bid Rule Reform

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker:  Carlos Acuna, Lubar College of Business, University of Wisconsin - Milwaukee Carlos examines whether the control–cash flow rights wedge captures private benefits of control (PBC) by exploiting Chile’s adoption of the Mandatory …

  • Interfirm Collaboration, Ownership Stakes, and Incomplete Contracts: Evidence from the Pharmaceutical Industry

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker:  Yianni Floros, Lubar College of Business, University of Wisconsin - Milwaukee If contracts are incomplete, ownership stakes between collaborating firms can help align incentives and mitigate the costs of potential future conflicts. …

  • Temporary Loosening of Impossible Ideals: Deconstructed Boundaries and Norm Restructuring Around Work-Family Infrastructure Shock

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker:  Keimei Sugiyama, University Wisconsin - Milwaukee This study examines how working parents navigate the dismantling of work-family infrastructure during extreme circumstances, drawing on interviews with 76 working parents (including 18 couples) during …

  • What is the Risk-Premium for the SDF?

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker:  John Huck, University Wisconsin - Milwaukee We develop a model that identifies a time-varying risk-premium for a latent stochastic discount factor (SDF) with minimal assumptions. The SDF risk-premium can be identified in …

  • No Margins, No Mission: The Effects of Immigration on the Hospital Sector

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker:  Giorgo Sertsios, University Wisconsin - Milwaukee Nonprofit organizations dominate the U.S. hospital sector, yet their objectives and constraints are not well understood. We shed light on these issues by studying how hospitals …

  • Retention Costs or Human Capital Investments: A Dual Perspective on Employer-Sponsored Health Benefits?

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker:  Xuelin Li, Columbia University Employer-sponsored health insurance is the predominant coverage source for the U.S. workforce, yet the rationale behind firms' provision of these benefits remains debated. We examine two primary motivations: …

  • Designing Renewable Power Purchase Agreements: Impact on Green Energy Investment

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker:  Professor Zuguang Gao, University of California - Irvine This paper studies a long-term power purchase agreement (PPA) between a firm and a new renewable energy generator. At each time, the firm must …

  • Racial Diversity and Inclusion Without Equity? Evidence from Executive Compensation

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker:  Felipe Cabezon, Virginia Tech The structure of managerial compensation, excluding CEOs, varies by ethnicity and race. Black, Hispanic, and Asian C-suite executives receive less equity-based pay than their White counterparts. As minority …

  • Does Navigating Adversity Call for Experienced Hands? Executive Composition and Compensation During the U.S.–China Trade War

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker:  Jagadeesh Sivadasan, University of Michigan Leveraging the unanticipated increases in US tariffs initiated in 2018, we examine how Chinese firms altered the composition and compensation of their executive team to manage adversity. …

  • Dynamic Control of a Multiclass Omnichannel Production System with Applications to the Restaurant Industry

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker: Amir Alwan, Lubar College of Business The growing adoption of omnichannel operational strategies has transformed production systems across various sectors, including the restaurant industry, bringing complex challenges to demand and operations management. …

  • Death of a Salesman’s Manager: Soft Information, Familiarity, and Misconduct in Financial Advisory Firms

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker: Will Gerken, University of Kentucky We investigate how increased information asymmetry between branch managers and financial advisors impacts advisor misconduct. Using branch manager deaths as exogenous shocks to the information environment, we …

  • The State and Local Cost of Net Zero

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker: Peter Iliev,  Penn State University We examine the economic effects of mandates to consume renewable energy and clean energy. U.S. state governments that adopt Renewable Portfolio Standards (RPS) see an increase in bond …

  • The Alumni Effect: Unpacking the Influence of Executives and Non-Executive Former Auditors on Public Company Audits

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker: Rani Hoitash, Bentley University This study explores the association between executives and non-executive audit firm alumni and the audit quality of public companies. While audit firms invest significant resources in cultivating their …

  • The Anatomy of Concentration: New Evidence from a Unified Framework

    Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United States

    Part of the Lubar Research Seminar Series Speaker: Kenneth Ahern, Associate Professor, Marshall School of Business Concentration is determined by two opposing forces: the number of firms in a market and the evenness of their market shares. To compress these …