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This study explores decisions related to formal empirical tests of business models and interpretations and uses of those tests. Business models describe managers' rationales as to how their organizations will achieve success. This study documents a test of one company's business model under seemingly favorable conditions for such a test – a successful(More)
Are minds subject to laws of physics? Are the laws of physics computable? Are conscious thought processes computable? Currently there is little agreement as to what are the right answers to these questions. Penrose ([41], p. 644) goes one step further and asserts that: a radical new theory is indeed needed, and I am suggesting, moreover, that this theory,(More)
Using a sample of secured syndicated loans, I explore the use of intangible assets as loan collateral and whether this credit practice was an innovation or a negative mutation in the corporate loan market. While intangible assets were not traditionally considered as eligible collateral, I find that twenty-one percent of U.S.-originated secured syndicated(More)
This study explores how disclosing consumer ratings affects performance and biases raters. Using data from a health care system, I find that publicly disclosing patient ratings of physicians leads to: 1) performance improvement by the ratings and by objective measures of quality, and 2) a bias among raters, who positively weight a physician's published(More)
Continuity, Differentiation, and Relevance are the three key words I would like to use during the year in which I have the privilege of serving as your president. Continuity. The Society is doing very well thanks to many of you but also thanks to a series of excellent presidents who put us on a strong continual improvement curve. and others. Thank you. I am(More)
Using a sample of secured syndicated loans and data from two field studies, I explore whether the collateralization of intangibles was associated with risky lending in the syndicated loan market. While the predominant managerial and scholarly perspective suggests that intangible assets are not eligible collateral, I find that twenty-one percent of(More)
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