Romana L. Autrey
There are 3 articles for this faculty member.
About Faculty in this Article:
Romana Autrey is an assistant professor in the Accounting and Management unit at Harvard Business School.
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Gray Markets and Multinational Transfer Pricing
| Authors: | Romana L. Autrey and Francesco Bova |
|---|---|
| Published: | April 16, 2009 |
| Paper Release Date: | February 2009 (revised October 2009) |
| Feature: | Working Papers |
Gray market goods are brand-name products that are initially sold into a designated market but then resold through unofficial channels into a different market. Gray markets can arise when transaction and search costs are low enough to allow products to "leak" from one market segment back into another. Examples of industries with active gray markets include pharmaceuticals, automobiles, and electronics. Understandably, reactions to gray market encroachment are mixed. On the one hand, consumer advocates and governments have applauded the increasing role that gray markets have played in improving competition for domestic goods. On the other hand, multinationals have decried the increasing role of gray markets in the economy, with an estimated $40 billion in cannibalized sales resulting from gray markets in the information technology sector alone. This study investigates the optimal price of a multinational's internal transfers and the consequences of regulations mandating arm's-length transfer pricing.
Published in 2007
Contracting in the Self-reporting Economy
| Authors: | Romana L. Autrey and Richard Sansing |
|---|---|
| Published: | June 26, 2007 |
| Paper Release Date: | June 2007 (revised October 2009) |
| Feature: | Working Papers |
Intellectual property can be used by its owner directly, licensed to a third party for a fixed royalty, or licensed to a third party for a variable royalty. The variable royalty arrangement depends on self-reporting by the licensee, which in turn induces demand for auditing by the licensor. This research studies a setting with the following features: a production cost advantage on the part of the outside party that creates gains from licensing; a limited liability constraint that prevents the licensee from owing more royalties than the gross profits of licensing the intellectual property and prevents the licensor from capturing all of the economic surplus via a fixed royalty agreement; and accounting and auditing costs that reduce the benefits of a variable royalty agreement.
Published in 2006
What Companies Lose from Forced Disclosure
| Q&A with: | Romana L. Autrey |
|---|---|
| Published: | May 1, 2006 |
| Feature: | Research & Ideas |
Increased corporate financial reporting may benefit many parties, but not necessarily the companies themselves. New research from Harvard Business School professor Romana Autrey and coauthors looks at the relationship between executive performance and public disclosure.
