infonet-economy

“Never change a winning team” is a well-known heuristic that recommends not altering the composition of successful teams. Using game-level observations of the highest German soccer league over a period of seven seasons, we find that the number of changes in the starting line-up is significantly lower after wins than after losses, taking suspensions and unobserved team heterogeneity…

This paper explores the effect of dual-class shares on firm performance using a unique law change in Switzerland as a source of exogenous variation. Unlike most of the related literature we do not adopt a one-size-fits-all approach but allow the effect to vary depending on a firm’s need for external finance. Based on nine years panel data of both firms affected and unaffected by the…

Over the last decades, the idea that communication constitutes organizations (CCO) has been gaining considerable momentum in organization studies. The CCO perspective provides new insights into key organizational issues, such as the relation between stability and change, between micro-level and macro-level phenomena, or between emergence and control. However, despite various…

This article offers reflections and insights on Management Communication Quarterly from a younger scholar in the field of organizational communication. After providing a brief history of the journal, topics of internationality, interdisciplinarity, and identity are explored. This is followed by a discussion among other “emerging scholars” in the field of organizational communication…

The measurement of fair values, particularly in the absence of quoted prices in active markets, is complex and difficult to verify. This paper examines whether banks use fair value estimates based on unobservable inputs (i.e., Level 3) to manage earnings during the 2008 financial crisis. Using a sample of 291 U.S. bank holding companies, we find that banks use discretionary Level 3…