Organization scholars have highlighted the value of relationships in fostering effective exchange, suggesting that repeated exchange creates a relational asset with latent value derived from elevated social connections, norms, and simple expectations of exchange continuity. Yet the empirical evidence supporting such claims remains largely indirect. As a consequence, few studies have been able t...

This dissertation consists of three essays. The first chapter studies whether credit demand is sensitive to interest rates, to the prominence of interest rate disclosure, and to nudges. Consumer credit regulations usually require that lenders disclose interest rates. However, lenders can evade the spirit of these regulations by concealing rates in the fine print and highlighting low monthly pay...

Attention in conflict-afflicted societies is often focused on violence, ethnic animosities and territorial disputes, rather than the economic costs. Can exposure to financial markets, that align individuals’ risks and returns with those of the broader economy, also lead individuals to reevaluate the costs and benefits of conflict and peace initiatives? Can this happen even in the context of a p...

About 3 out of 4 new disabled-worker beneficiaries or their spouses owned some type of financial asset in 1982, but the median value of these assets was quite small, according to data obtained by the Social Security Administration in its New Beneficiary Survey. A smaller majority reported owning their own homes, and home equity accounted for most of the reported wealth. Barely a tenth reported ...

We investigate a common value bilateral bargaining model with two sided private information and no aggregate uncertainty. A seller owns an asset whose common valuation is a deterministic function of the two traders’private signals. We …rst establish a no-trade theorem for this environment, and proceed to study the e¤ect of the asset valuation structure and the trading mechanism on extent to whi...

Information technologies, in general, and information systems, in particular, are fast becoming the prime enablers of success and survival in business organisations. These technologies, on one hand, enrich economic, social, and cultural environment of organisations, and on the other hand enhance their competitiveness. For asset managing engineering enterprise, information systems not only help ...