The Fisher Equation: A Nonlinear Panel Data Approach

This article reinvestigates the Fisher equation. Using the panel smooth transition regression (PSTR) model, it was found that there is a significant regime-switching effect concerning the impact of inflation on interest rates. Specifically, inflation is found to raise the interest rates and the effect becomes stronger in magnitude with inflation. However, the data do not provide evidence in support of the one-for-one Fisher effect. The evidence is robust to interest rates with different maturities and subsamples.     

Perceived difference in expertize and individual performance in cross-functional teams

Previous studies examining diverse team knowledge resources and individual members' performance largely follow the information perspective and propose that team informational diversity may help individuals perform better. Unlike previous authors, we integrate arguments from subgroup theory and the social categorization perspective to argue that when a person works in a cross-functional team, perceiving differences in expertize with other teammates may decrease the person's social exchange relationship with colleagues, that is, team-member exchange/TMX. Thus, perceived differences in expertize with other teammates may reduce TMX and, in turn, weaken individual task performance. Moreover, team members' social exchange relationship with the leader/LMX may offset the individual's deficiency in TMX to complement the person's task performance. We examine dyadic data collected from Taiwanese worker-supervisor pairs and find support for our hypotheses.     

The effects of landscape fascination on subjective well-being and revisit intention: Evidence from agritourism destinations

This study adopted the reasonable person model (RPM) in the context of agritourism to identify tourists' preferences for features of agricultural landscapes; to examine the effects of agritourism landscape's fascination on subjective well-being and destination attachment, which in turn influence tourists' loyal behaviors; and to investigate the moderating effects of farm types. The quantitative and qualitative approaches were combined to obtain 1118 usable samples. The results validated the RPM by identifying the predictive power of landscape fascination, subjective well-being, and destination attachment on tourists' destination loyalty. Managerial implications for enhancing visitors' retentions in Taiwan were discussed.     

REDUCING RECOMMENDATION INEQUALITY VIA TWO-SIDED MATCHING: A FIELD EXPERIMENT OF ONLINE DATING

Leading dating platforms usually recommend only a small fraction of users based on users' popularity and similarity, leading to recommendation inequality. We use a stylized matching model from economics to modify existing algorithms to reduce inequality. We evaluate the proposed method through a large-scale field experiment on a dating platform. Experiment results suggest that our recommender reduces inequality, improves predictive accuracy, and leads to substantially more matched couples than other competing algorithms.     

Does office size matter in client acceptance decisions? Evidence from big 4 accounting firms

Review of Quantitative Finance and Accounting - This study examines whether audit firm office size affects auditors’ risk tolerance in making client acceptance decisions. Analyzing publicly...