2015 Informs Annual Meeting

WD07

INFORMS Philadelphia – 2015

WD07 07-Room 307, Marriott Risk Analysis I Contributed Session

2 - Collaboration Network of Nano-tech Firms: Open Innovation Approach

Ehsan Ghalamzan, Research Assistant, Concordia University, 1455 De Maisonneuve Blvd. W., Montreal, QC, H3G1M8, Canada, ehsan.ghl@gmail.com, Arman Sadreddin, Andrea Schiffauerova A substantial body of literature has been concerned about the collaboration networks and their importance in production and distribution of scientific knowledge on one hand,and Open Innovation and its innovative power for firms on the other hand.But no one pays attention to the impact of Open Innovation practices on collaboration network properties of the firm.This article aims to study the relation between applying OI practices and how the company stands in the network of its collaborators. 3 - University Technology Transfer: A Cross-national Comparison Alfonso Cruz, Professor, Catholic University of Chile, School of Engineering, Avenida Vicuña Mackenna 4860, Campus San Joaquín, Macul, Santiago, 7820436, Chile, acruzn@uc.cl This paper compares Spanish universities’ technology transfer (TT) output and performance with similar universities in the United States. The study reveals that, for equivalent research & development expenditure, Spanish universities have lower levels of TT in spite of proportionally similar intellectual property protection activity. The most noticeable gaps found are the number of contracts licensed and licensing incomes, although startup creation shows comparable numbers in both countries. 4 - M&AS as Substitutes or Stepping Stones to Innovation? Examining the Impact of Financial Crisis Jiwon Hwang, Seoul National University, Ichondong Yongsangu Kangchon Apt.101-807, Seoul, Korea, Republic of, kyliehwang@gmail.com, Christine Choi With the increase of knowledge intensive M&As, interest in the effect that M&A has on post-M&A innovation has been on the rise. This research strives to examine the strategic choice of whether M&As are used as substitutes or stepping stones to subsequent innovation efforts, by utilizing propensity score matching and DID methods. This paper further studies whether such choices differ between deals conducted during financial crisis and those conducted in non-financial crisis. WD10 10-Room 310, Marriott E-Business/Commerce II Contributed Session Chair: Shikui Wu, Assistant Professor, Ryerson University, 350 Victoria St., TRS 2-015, Toronto, Canada, shikui.wu@ryerson.ca 1 - The Impact of O2O Strategy Announcements on the Market Value of Firms in China Yang Hu, Huazhong University of Science and Technology, O2O (online to offline) e-commerce mode which combines offline business opportunities with the Internet is blooming in China. Based on 105 samples from 2013 to 2015, we use event study methodology to examine the stock market reaction to O2O announcements. Furthermore, hypotheses concerning factors such as industry type, platform type, product type and risk warning are developed and tested. The results provide useful implications for making decisions about O2O mode to maximize the business value. 2 - When are Online Reviews Most Helpful? The Review Significance Index Anupama Dash, Graduate Student, University of Maryland, Baltimore County, 1000 Hilltop Circle, Baltimore, MD, 21250, United States of America, adash1@umbc.edu, Nazrul Shaikh, Margaret Ricciuti Our research looks into the interplay between the product and review characteristics with the aim of (a) determining when reviews are most helpful, (b) indexing products on the basis a review significance index (RSI) that brand teams could use for planning their reputation management efforts. 3 - The Effect of Benefit and Cost on Mobile Coupon Sharing in Social Network Sites: The Role of Social Capital Han Lubin, Master Student, Huazhong University of Science and Technology, 1037 Luoyu Road, Wuhan, 430074, China, hhanlubin@163.com, Zhao Xuefeng This study investigates the influence of long benefit(i.e., reciprocity and social reward),short benefit(ie., economic reward),long cost(ie., privacy concern)and short cost(ie., effort) on mobile coupon sharing by users in social network sites(SNSs). Moreover, this study examines how social capital moderates the relationship between benefit-cost and mobile coupon sharing in SNSs. A field survey with 377 subjects in China is conducted to test the research model. School of Management 310 Lab, Wuhan, China, huyang_3648@hust.edu.cn, Jun Yang, Wei Lu

Chair: John Guo, Head of Consumer Credit Risk Analytics and Modeling, Fifth Third Bank, 5001 Kingsley Drive, Cincinnati, OH, 45227, United States of America, john.guo@53.com 1 - A Total Systems Framework to Integrate Risk, Safety and Quality Management Models Mehdi Dorri, Solico Food Inc., East Azerbaijan Ave. No.103, Tehran, Iran, me.dorri@gmail.com Organizations that pursue excellence in their performance require to focus on systematic quality and performance improvement of all the components of their system. Integrated and collaborative quality, safety and risk management strategies, including ISO and OHSAS standards, Lean and Six Sigma, enable organizations to develop a strategy to identify critical performance measures for all the components of the system. 2 - The Determinants of Property Damage: Evidence from Hurricane Sandy Sisi Meng, Dept. of Economics, Florida International University, University Park Campus, Miami, FL, United States of America, smeng003@fiu.edu, Pallab Mozumder This paper analyzes the determinants of property damage caused by hurricane Sandy. We have constructed a hurricane destruction index by using HAZUS-MH. The effectiveness of hurricane preparedness and housing characteristics have been incorporated in explaining variations in property damages. Our results suggest that hurricane intensity has a large negative impact on property damages while effective hurricane preparedness can potentially reduce damages. 3 - Analysis of the Unimodality of the Newsvendor Problem with Mean-variance Trade-off We introduce an analysis on the conditions needed for the unimodality of the single-period newsvendor problem with two decision variables, namely, price and quantity. The analysis is carried for two different price-dependent functions commonly known as additive and multiplicative. We add risk considerations to the discussion by introducing a mean-variance trade-off used to model risk-averse and risk-seeking situations. 4 - A Two-Stage Approach in Consumer PD Models John Guo, Head of Consumer Credit Risk Analytics and Modeling, Fifth Third Bank, 5001 Kingsley Drive, Cincinnati, OH, 45227, United States of America, john.guo@53.com 5/3 consumer risk analytics and modeling team proposed a novel two-stage approach to address a major drawback in the legacy modeling framework to predict the probability of default in Expected Loss models by the means of injecting macroeconomic dynamics into loan-level risk characteristics. The innovative two-stage approach not only successfully enhanced 5/3 consumer PD model framework but also addressed a common challenge faced by DFAST and CCAR practitioners. Javier Rubio-Herrero, Rutgers University, Piscataway, NJ, United States of America, javier.rubioherrero@rutgers.edu, Melike Baykal-Görsoy

WD09 09-Room 309, Marriott Innovation and Entrepreneurship II Contributed Session

Chair: Jiwon Hwang, Seoul National University, Ichondong Yongsangu Kangchon Apt.101-807, Seoul, Korea, Republic of, kyliehwang@gmail.com 1 - Impact of Open Innovation on Academic Performance of Firms in Nanotechnology Industry Arman Sadreddin, Graduate Student - M.sc, Concordia University, Montreal, QC, H3H 2J8, Canada, a_sadre@encs.concordia.ca, Andrea Schiffauerova This research focuses on open business models in nanotechnology industry. Based on a statistical analysis on a data, which was gathered from online survey, and simulation result, the frequency of applying two main types of open innovation practices were identified. Also, the impact of applying these practices on academic performance of firms were studied. This research found that applying both types of practices at the same time will lead to have more academic outcomes.

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