Results 81 to 90 of about 14,430 (280)
Business Strategy and the Environment, EarlyView.ABSTRACT Environmental, social, and governance (ESG) is pivotal for firms and their stakeholders, highlighting the importance of organizational authenticity (OA) in mitigating information asymmetry between signalers and receivers, thereby enhancing effective communication of social strategies.
Jihun Choi, Young‐Kyu Kim, Taewoo Roh
wiley +1 more source
Does observational equivalence always hold in hyperbolic discounting models? [PDF]
Observation equivalence holds in the hyperbolic discounting models such as Laibson (1996), Barro (1999), and Krusell et al (2002). We study a hyperbolic discounting model where the policy function cannot be replicated by a geometric discounting model ...
Gong Liutang, Zhu Shenghao
core
Business Strategy and the Environment, EarlyView.ABSTRACT This study integrates multidimensional sustainability indicators into a unified assessment approach to evaluate circular strategies in agri‐food industry businesses. This methodological approach is applied to empirically examine the case of the olive oil industry's by‐product valorization.
David Polonio +3 more
wiley +1 more source
Hyperbolic Discounting can represent Consistent Preferences [PDF]
Among non Exponential Discounting (ED) models, introduced to capture time inconsistent choices, Hyperbolic Discounting (HD) recently gained particular relevance.
Nicola Dimitri
core
Hyperbolic Discounting is Rational: Valuing the Far Future with Uncertain Discount Rates [PDF]
, 2009 Conventional economics supposes that agents value the present vs. the future using an exponential discounting function. In contrast, experiments with animals and humans suggest that agents are better described as hyperbolic discounters, whose discount ...
Farmer, Doyne James, Geanakoplos, John
core +2 more sources
Generalisations of Quasi-Hyperbolic Discounting [PDF]
, 2021 <p>This paper proposes several time preference specifications that generalise quasi-hyperbolic discounting, while retaining its analytical tractability. We define their discount functions and provide a recursive formulation of the implied lifetime payoffs. A calibration exercise demonstrates that these specifications deliver better approximations
openaire +1 more source
Investor Perception of ESG in Earnings Calls
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines how the communicator's role and the framing of ESG statements affect investor capital allocation in the context of earnings calls. Based on a virtual asset market experiment, the analysis identifies that the assurance and reinforcement of ESG messages have a positive effect of up to 8% on capital allocation, with especially
Felix Bachner
wiley +1 more source
A general theory of time discounting: The reference-time theory of intertemporal choice [PDF]
We develop a general theory of intertemporal choice: the reference-time theory, RT. RT is a synthesis of ideas from the generalized hyperbolic model (Loewenstein and Prelec 1992), the quasi-hyperbolic model (Phelps and Pollak 1968, Laibson 1997) and ...
Ali al-Nowaihi, Sanjit Dhami
core +3 more sources
A Deeper Look at Hyperbolic Discounting [PDF]
We conduct an experiment to investigate the degree to which deviations from exponential discounting can be accounted for by the hypothesis of hyperbolic discounting. Subjects are asked to choose between an earlier or later payoff in a series of 40 choice
Sheth, Arnav, Sopher, Barry
core +1 more source
Hyperbolic Discounting and Resource Collapse. [PDF]
, 2003 This paper shows that the use of hyperbolic discounting in environmental regulation can have unfortunate consequences. In a three-period model we demonstrate that a planner who ‘naively’ employs hyperbolic discounting and fails to anticipate problems of dynamic inconsistency, can oversee a collapse of a renewable resource.
openaire +2 more sources