Winspear Senior Faculty Fellows
Francis Winspear Professor of Business
Proposal: Managerial Disclosure and Stewardship
The aim of this project is to examine the value of managerial disclosure in a stewardship setting as communication of private managerial information that can be used to assess managerial performance and provide incentives. The main objectives are: 1) disclosure under partial verifiability of managerial private information; 2) disclosure by multiple managers; and 3) disclosure when contracts are renegotiated.
Proposal: The Financial Choices of Entrepreneurs and Insolvents
Roger S. Smith Professor of Business
This fellowship consists of two main projects. The first examines the legal choice made by founders of new firms, to incorporate or not. We to examine founders’ legal choice in a new context – the effect of financial constraints on new startups. We exploit lottery win magnitudes as exogenous wealth shocks, and examine whether incorporating entrepreneurs, or the non-incorporating self-employed face financial constraints. The second project aims to document moral hazard in a novel consumer credit setting – long-term insolvency restructuring contracts known as Consumer Proposals in Canada. We exploit exogenous changes in the cost of defaulting on consumer proposals following regulatory changes to the Canadian bankruptcy system. We test the moral hazard hypothesis that a regulatory reduction in the cost of default should reduce subsequent default.
Proposal: Information Choice and Financial Decision-Making
This research project will study the role of information in shaping financial decision-making by corporations and individuals. The project will develop a theoretical framework that allows studying how decision-makers learn about the risks that they are exposed to when they are limited in their ability to learn. This framework will help understand how firms adjust their investment in response to unexpected shocks, such as financial crises. Specifically, it will shed light on which of the shocks that a firm is exposed to is likely to be amplified, which of the firms that are exposed to a shock is likely to be more affected, as well as what is the source and nature of the cautious patterns of investment behavior observed during financial crises.
Xerox Canada Faculty Fellowship
Proposal: Understanding Consumer and Employee Reactions to AI Technologies
This research program aims to provide insight into how consumers and employees perceive AI, how these perceptions impact consequential outcomes such as firm perceptions and career choice, and how marketers can influence these perceptions. The term AI herein refers to any machine that uses any kind of algorithm or statistical model to perform perceptual, cognitive, and conversational functions typical of the human mind, such as visual and speech recognition, reasoning, and problem solving. This program is divided into two modules, studying slightly different, yet closely related, research questions. Module A will focus on consumers’ reactions to AI technologies being used in retail and service settings, with the goal of understanding how the use of such technologies impacts perceptions of the firm using the technologies. Module B will focus on student and employee reactions to AI in the workplace, with the goal of understanding how the availability of AI changes the kinds of jobs workers choose to pursue and the factors impacting willingness to use AI in their chosen job.
NOVA Management of Technology Endowment
Proposal: Healthcare Information Exchanges’ Strategies in Competition: Service Design, Pricing and Interoperability
Healthcare Information Exchanges (HIE) have been identified as a potential solution to improving healthcare. One key element of an HIE is the sharing of electronic health records. This proposal seeks to model an incentive system to motivate HIEs to share patient information. It studies the consequences of this linkage on the equilibrium interoperability investment level by system vendors and incentives for system vendors to provide value-added services. Analytical solutions from this study can also provide new insights to healthcare decision makers on designing rewarding mechanism for healthcare providers to share information.
Proposal: The Valuation of Pension Obligations for Joint Pension Plans
Canadian Utilities Faculty Fellowship
Proposal: The Quarterly Earnings Game and Market Value
Proposal: Scaling Entrepreneurship for Economic Development (SEED)
This proposal aims to support the SEED Network, which Angelique is a member of, and their pursuit of two main objectives. The first is to understand and improve enterprise scaling across a range of entrepreneurial ecosystems. Entrepreneurial ecosystems refers to the actors, rules and relationships that create opportunities and barriers for entrepreneurial activity. The second objective is to create a knowledge transfer program. SEED partners aim at disseminating accumulated knowledge to international and local promoters working in different contexts, including a ‘train-the-trainers’ module on how to support scaling efforts in entrepreneurship ecosystems that will be developed as part of the first objective.