Stanford GSB Littlefield Building
Nobel Laureate
A.
Michael Spence
Professor Spence was awarded the 2001 Nobel Memorial Prize in Economic Sciences for his contribution to the analysis of markets with asymmetric information.
- The Stanford Business School faculty includes:
- 3 Nobel Laureates
- 3 members of the National Academy of Sciences
- 15 members of the American Academy of Arts and Sciences
- 2 recipients of the John Bates Clark Medal in economics
Meet Our Faculty
They develop cornerstone theory. They author acclaimed texts. And they change the way leadership and management are practiced. They bring their expertise and passions directly into the classroom and small group seminars, giving you first access to the latest research before it filters into consulting firms and major corporations.
World-Class Faculty
Since its founding in 1891, Stanford has been a leader among research universities, fostering ideas that have changed the world. Ideas matter. The creation of knowledge matters.
Stanford is particularly noted for its emphasis on multidisciplinary research, not only within its schools and departments, but also in its laboratories, institutes, and centers.
Pioneers and Leaders In Their Fields
Anat R. Admati
Anat Admati is primarily a financial economics theorist. Her research focuses on issues related to the dissemination of information in financial markets. She has written, in particular, on trading patterns and trading mechanisms in securities markets where different investors may have different information and markets in which information can be sold in various ways (e.g., newsletters, setting an active mutual fund). She also has studied contracts between investors and portfolio managers, portfolio performance measurement, the role of large and active shareholders, and the regulation of corporate financial disclosure. Most recently, she has been researching voluntary disclosures made by individuals or small investors through such venues as the Internet.
- Joseph McDonald Professor of Finance and Economics
- Graduate School of Business Trust Faculty Fellow for 2004-05
- Professor of Management Science and Engineering (by courtesy), School of Engineering
Mary E. Barth
A
leading academic accountant, Mary Barth brings the rigor of research to issues of contemporary importance to the accounting profession, such as fair-value accounting, international standards, stock-based compensation, and intangible assets. She deals with financial reporting questions faced by practitioners and regulators. Recently, Barth has pursued several areas of research, three of which have received considerable attention. They include: the relevance and reliability of fair values and the implications for carrying intangible assets at fair value; how standard-setters' actions affect the information content of prices; and the usefulness of accounting accruals, which are at the heart of the extant financial reporting model. Barth's efforts to understand accounting from an international perspective have been central to developing standards that will foster improved global resource allocation, and led to her appointment to the new 14-member International Accounting Standards Board, on which she is the only American academic member.
- Joan E. Horngren Professor of Accounting
- Senior Associate Dean for Academic Affairs
William H. Beaver
William
H. Beaver is widely recognized for his innovative research on how accounting information in corporate financial statements affects security prices. He was among the first to investigate financial ratios as predictors of business failure. His recent work has centered on public policy issues connected with government regulation of corporate financial disclosure.
- Joan E. Horngren Professor of Accounting, Emeritus
- Graduate School of Business Trust Faculty Fellow for 2004-2005
Jonathan Bendor
Jonathan
Bendor is a political economist whose research interests include the evolution of cooperation, models of adaptive behavior and bounded rationality, organizational decision making under uncertainty, and the political control of bureaucracy. In 1996, Bendor revitalized the debate over whether to make large, radical changes in programs and organizations or to take small, incremental steps, referred to as "muddling through." He did so with a formal model that gives structure and analytical depth to incrementalism, an informal theory first espoused in the early 1960s.
- Walter and Elise Haas Professor of Political Economics and Organizations
- Professor of Political Science (by courtesy), School of Humanities and Sciences
David W. Brady
David Brady's research focuses on the American Congress, the party system, and public policy. He has studied the critical congressional realignments of 1860, 1896, and 1932, and has concluded that the rising number of safe seats and the waning importance of presidential coattails have made it much more difficult for a realigning election to take place in the United States. He also has written on Internet voting, the women's movement, regulation of the nuclear industry, apportionment, the Supreme Court's handling of abortion, and British politics. He is working on a book about changes in the Korean political system.
- Bowen H. and Janice Arthur McCoy Professor of Political Science and Leadership Values
- Professor of Political Science, School of Humanities and Sciences
- Senior Fellow and Deputy Director, Hoover Institution
- Codirector of the Stanford-National University of Singapore Executive Program in International Management
- Senior Fellow, Stanford Institute for Economic Policy Research
Robert A. Burgelman
Robert Burgelman's research interests include corporate entrepreneurship, strategic business exit, and the role of strategy in firm evolution. Burgelman focuses on large, complex organizations where strategy is not determined by one person at the top, but rather where decision-making is distributed among multiple levels of management. He has looked at "internal corporate venturing,"how established companies get involved in new businesses, as well as how they leave existing ones. In the past 20 years, he has analyzed large companies involved in the chemical, pharmaceutical, and computer industries, and authored a number of papers that focus on the evolution of Intel.
- Edmund W. Littlefield Professor of Management
- Director of the Stanford Executive Program
Glenn R. Carroll
Glenn
Carroll's research interests include organizational theory, strategic management, and organizational and industrial evolution. He has pioneered ecological approaches to organizational analysis, as well as their application to issues of strategy. Carroll helped develop the study of population dynamics among organizations, examining how industrial demographics affect corporate change. He also helped advance the so-called "imprinting" hypothesis, which says that characteristics established at the founding of an organization continue even as the organization changes. Carroll's "resource partitioning" theory deals with how specialist organizations can arise and proliferate in industries experiencing massive consolidation. Recent publications of this theory examine the Dutch auditing industry and the U.S. beer brewing industry.
- Laurence W. Lane Professor of Organizational Behavior and Change
- Professor of Sociology (by courtesy), School of Humanities and Sciences
J. Darrell Duffie
Darrell Duffie's research interests include financial risk management, credit risk and valuation of defaultable securities, valuation and hedging of derivative securities, term structure of interest rate modeling, financial innovation, and security design. Duffie's studies have had an impact on the field of mathematical economics, as well as on financial institutions themselves.
- Dean Witter Distinguished Professorship in Finance
- Codirector of the Credit Risk Executive Program
- Robert and Marilyn Jaedicke Faculty Fellow for 2005-2006
Robert J. Flanagan
Robert Flanagan's recent research interests include wage structure and labor market adjustments in transition economies and other global human resource management issues. Flanagan has written extensively in labor economics. His research has covered both macro and micro labor market issues in both U.S. and international labor markets. He has collaborated with economists in other countries, and his early books analyze the effects of income policies in Western European nations.
- Konosuke Matsushita Professor of International Labor Economics and Policy Analysis
George Foster
George
Foster's research and teaching centers on globalization strategies of new ventures and the growth of venture-backed entrepreneurial companies. He also studies the role of financial data in litigation decisions, as well as sports management. Foster is a prolific teaching case developer. He is active in venture capital and the Silicon Valley business community, and he regularly gives executive seminars in many parts of the world, including North and South America, Australia, Asia, and Europe.
- Paul L. and Phyllis Wattis Professor of Management
- Director of the Executive Program of Growing Companies
- Dhirubhai Ambani Faculty Fellow in Entrepreneurship for 2005-2006
H. Irving Grousbeck
Grousbeck is co-director of the Business School's Center for Entrepreneurial Studies and coauthored the textbook New Business Ventures and the Entrepreneur. His teaching centers on an objective means to develop a greater understanding of the issues faced by entrepreneurial companies and individuals. Grousbeck, who is appreciated by students as an entrepreneurial mentor, co-founded Continental Cablevision, Inc., in 1964 and spent 17 years running the company. He left to teach at Harvard Business School in 1981 and joined the Stanford faculty in 1985.
- MBA Class of 1980 Consulting Professor of Management
- Codirector of the Center for Entrepreneurial Studies
Michael T. Hannan
Michael Hannan's research interests include human resources in emerging companies, organizational ecology, organizational strategy, and formal models of social structure. Hannan is co-director of the Stanford Project on Emerging Companies (SPEC), a research endeavor that began in 1995. This ongoing project broke new ground in the field of human resources by studying the evolution of high-tech Silicon Valley startups rather than mature firms and bureaucracies.
- StrataCom Professor of Management
- Graduate School of Business Trust Faculty Fellow for 2004-2005
- Professor of Sociology, School of Humanities and Sciences
J. Michael Harrison
Michael Harrison is an industrial engineer and operations researcher. His research and teaching have focused on the field of production and operations management, with emphasis on the time dimension of system performance. In 1985, he published a book devoted to the mathematical theory of logistical flows in manufacturing and service operations. He has developed a family of system models called Brownian networks, which approximate the behavior of processing systems that arise in many different contexts, both for purposes of descriptive performance analysis and for purposes of optimal flow management. His earlier research included two influential papers in mathematical finance, which developed the mathematical foundations of option theory. Along with Stanford Business School economist David Kreps, he introduced the notion of equivalent martingale measures, which have since become a standard tool in theoretical analysis.
- Adams Distinguished Professor of Management
Peter B. Henry
Peter Henry's conducts research on the financial and real effects of economic policy reform and teaches courses on macroeconomics, international finance, and emerging markets. The National Science Foundation's Early CAREER Development Program supports his research and teaching. Henry received his Ph.D. in economics from the Massachusetts Institute of Technology in 1997. His these received the National Economic Association's Award for the best Ph.D. dissertation written between 1995 and 1997.
- Associate Professor of Economics
- John and Cynthia Fry Gunn Faculty Scholar
Charles A. Holloway
Charles Holloway is a professor of decision sciences and has become a leader in the study and teaching of manufacturing strategy and technology management. His research interests include starting and developing technology companies, managing supplier and customer networks, and new product and process development. An engineer by training, he is co-director of the Center for Entrepreneurial Studies.
- Kleiner Perkins Caufield & Byers Professor of Management, Emeritus
- Codirector of the Center for Entrepreneurial Studies
Roderick M. Kramer
Roderick Kramer's research focuses on leadership, trust, and cooperation in social systems, the origins and dynamics of conflict, entrepreneurship in organizations, and identity and decision making. Kramer is a leading academic researcher in a field known as the social psychology of organizations. His research on trust introduces the concept of identity-based collective trust and specifies the psychological and social underpinnings of generalized social trust. He also has turned to the flip side of trust: organizational paranoia. That research focuses on the dysfunctional effects of suspicion and distrust, offering insightful analysis of the paranoia exhibited by major world leaders. The area of organizational identity is a relatively new research domain that focuses on how an organization defines itself in its own perceptions and in the eyes of others, such as consumers, stockholders, and the general public. He has recently focused more specifically on how organizational members respond to threats to their organization's identity.
- William R. Kimball Professor of Organizational Behavior
Keith Krehbiel
Keith Krehbiel is a scholar of American politics who specializes in the U.S. Congress. He has developed a theory about strategic interactions between the president and Congress. His research interests include legislatures, political parties, and U.S. political institutions.
- Edward B. Rust Professor of Politic2al Science
- Professor of Political Science (by courtesy), School of Humanities and Sciences
- Graduate School of Business Trust Faculty Fellow for 2005-2006
David M. Kreps
David Kreps is an economic theorist of international reputation whose path breaking work concerns dynamic choice behavior and economic contexts where dynamic choices are key. He has contributed to the literatures of axiomatic choice theory, financial markets, dynamic games, bounded rationality, and human resource management.
- Theodore J. Kreps Professor of Economics
- Senior Associate Dean for Academic Affairs
- Professor of Economics (by courtesy), School of Humanities and Sciences
Edward Paul Lazear
Edward Lazear is a labor economist who is a founder of a growing field known as personnel economics. His research centers on employee incentives, promotions, compensation, and productivity in firms. He also has devoted study to culture and language, with an emphasis on explaining the rise in multiculturalism in the United States.
- Jack Steele Parker Professor of Human Resources Management and Economics
- Morris Arnold Cox Senior Fellow, Hoover Institution
- Senior Fellow (by courtesy), Stanford Institute for Economic Policy Research
Joanne Martin
Joanne Martin's research interests include organizational culture, gender, and organizational analysis. She has done extensive study in the area of sub-cultural identities and ambiguities as well as gender in organizations, including subtle barriers to acceptance and advancement.
- Fred H. Merrill Professor of Organizational Behavior
- Professor of Sociology (by courtesy), School of Humanities and Sciences
- Graduate School of Business Trust Faculty Fellow for 2005-2006
John G. McDonald
John McDonald is known internationally for his work on investment in the context of global equity markets. With more than 30 articles published in academic and professional journals on investment management, financial management, and the securities markets, McDonald currently focuses his energy on course and case development in these areas, as well as in entrepreneurial finance, venture capital, and private equity investing. His venture capital and principal investing courses cover many topics related to the Internet and the growth of Silicon Valley companies.
- Stanford Investors Professor of Finance
Maureen F. McNichols
Maureen McNichols specializes in financial accounting and how information affects capital markets. McNichols is an authority on the behavior of securities analysts. Her research has focused on the informational role of stock market analysts, the influence of regulation on the information content of financial statements and analyst coverage, and management's incentives to provide information. She has examined how analysts' incentives to provide information are influenced by their investment banking affiliations, the extent to which the information provided by analysts differs from that provided by financial reports, the profitability of following analysts' recommendations, and the relationship between the type of information reported in financial statements and analyst coverage.
- Marriner S. Eccles Professor of Public and Private Management
- Director, Corporate Governance Executive Program
- Professor of Law (by courtesy), School of Law
Haim Mendelson
As co-director of the Center for Electronic Business and Commerce, Haim Mendelson leads the School's efforts in studying the implications of e-business and incorporating them into the School's curriculum and research. His research interests include organizing for e-business, electronic commerce, electronic networks, and financial markets. He has developed a measure of "organizational IQ" that quantifies the ability of a company or organization to make quick and effective decisions in the Internet age. His papers, including both theoretical and practical studies, have examined pricing and market segmentation on the Internet, the quality and market structure for information goods, the structure of the computer and information industries, and measures of "clockspeed" for companies, industries, and organizations. He also has studied securities market structure and performance, electronic trading systems, the impact of information technology on financial markets, and the effects of market technology and liquidity on price behavior of securities returns.
- Kleiner Perkins Caufield & Byers Professor of Electronic Business and Commerce, and Management
- Codirector of Strategic Uses of Information Technology Executive Program
Margaret A. Neale
Margaret Neale's teaching and research focuses on negotiation and decision making, collaborations, the allocation of burdens and benefits, learning in groups and teams, group decision making, and diversity. Her research is based on the psychology of conflict and negotiation, extending judgment and decision-making research from cognitive psychology to the field of negotiation. Before her research, much of the work on negotiation concerned either the effect of individual differences or payoff structures on bargaining. She studies cognitive processes that produce departures from effective negotiating behavior.
- John G. McCoy-Banc One Corporation Professor of Organizations and Dispute Resolution
- Director of the Managing Teams for Innovation and Success Executive Program
- Director of the Mergers and Acquisitions Executive Program
- Director of the Influence and Negotiation Strategies Executive Program
Charles A. O'Reilly III
Charles O'Reilly's research is centered on managing corporate culture, innovation, and change, as well as executive compensation and human resource management.
- Frank E. Buck Professor of Human Resources Management and Organizational Behavior
- Director of the Human Resource Executive Program
- Director of the Leading Change and Organizational Renewal Executive Program
- Hank McKinnell-Pfizer Inc Codirector of the Center for Leadership Development and Research
James M. Patell
James Patell's research interests center on business process design, operations management, manufacturing, cost accounting, corporate disclosures, and capital markets. A popular and demanding teacher, Patell has authored numerous articles in the field of accounting. During his tenure as associate dean for academic affairs at the Business School, he redesigned and revitalized the Public Management Program, an MBA certificate program that focuses on government, nonprofit organizations, and public service. Patell currently co directs the Alliance for Innovative Manufacturing at Stanford, a cooperative venture of the Business School, the Engineering School, and approximately 12 industrial partners.
- Herbert Hoover Professor of Public and Private Management
- Graduate School of Business Trust Faculty Fellow for 2004-2005
- Codirector of the Alliance for Innovative Manufacturing at Stanford
- Founding Team, Institute of Design at Stanford
Jeffrey Pfeffer
Jeffrey Pfeffer's research focuses on social psychological and institutional barriers to the transfer and implementation of knowledge, the organization of human resource practices, as well as power and influence in leadership. His most recent work debunks the "War for Talent" notion that there is a shortage of corporate talent and argues that good management and training can bring out the hidden value of ordinary employees. A talented lecturer, Pfeffer has taught executive seminars in 26 countries throughout the world, in addition to lecturing in management development programs for various companies, associations, and universities in the United States.
- Thomas D. Dee II Professor of Organizational Behavior
Paul C. Pfleiderer
Paul Pfleiderer's research interests include microstructure and design of financial markets, financial disclosure regulation, corporate finance and venture capital, portfolio theory and portfolio optimization. He also has studied the incentives used to compensate professional portfolio managers, concluding that benchmarking can distort the way a manager uses information to assemble portfolios.
- C. O. G. Miller Distinguished Professor of Finance
- Codirector of the Financial Management Program
- Professor of Law (by courtesy), School of Law
Evan L. Porteus
Evan Porteus' research focuses on supply chain management, including incentive issues in supply chains, management and coordination of supply chains, management of the supplier-buyer relationship, and inventory management. He also studies capacity management, service competition, and competition in new product and process development.
- Sanwa Bank, Limited, Professor of Management Science
Peter C. Reiss
Peter Reiss is an economist whose research seeks to identify and separate the impact of technological, demand, and strategic factors on the strength of inter-firm competition. His research has tested competing theories of firm behavior and informed debates about trade, antitrust, regulation, and business competition issues. His specific areas of interest include the organization of securities markets, product pricing, strategic entry and entry deterrence, and energy markets.
- MBA Class of 1963 Professor of Economics
- Professor of Economics (by courtesy), School of Humanities and Sciences
John Roberts
John Roberts' teaching and research involve the application of economic and strategic analysis to management problems. His specific areas of interest involve international business, the organization of the firm and the connection between strategy and organization. He also has published extensively on industrial competition, emphasizing how informational differences among various parties affect strategic behavior, and on complementarities as a driving force in organizational design and strategic choice. He also has helped develop new techniques for deriving robust conclusions from economic models.
- John H. Scully Professor of Economics, Strategic Management, and International Business
- Senior Associate Dean
- BP Faculty Fellow in Global Management
- Codirector of the Center for Global Business and the Economy
- Faculty Director of the Global Management Program
- Codirector of the Executive Program in Strategy and Organization
- Professor of Economics (by courtesy), School of Humanities and Sciences
Paul M. Romer
Economist Paul Romer is the lead developer of "new growth theory." This body of work, which grew out of his 1983 PhD thesis, provides a foundation for business and government thinking about the dynamics of wealth creation. It addresses one of the oldest questions in economics: What sustains economic growth in a physical world characterized by diminishing returns and scarcity? It also sheds new light on current economic issues. Among these, Romer is currently studying how government policy affects innovation and how faster technological change might influence asset prices. Unlike material goods, Romer posits, new ideas that create new technologies can lead to unlimited economic growth. His theory suggests that for a developing country, the most important government policies may be those that determine the rate of technology transfer from the rest of the world. For an advanced economy, the most important policies may be the ones that influence the rate of technological innovation in the private sector. His work has had a profound influence on the study of macroeconomics and macroeconomic policy in the last decade. Time magazine named him one of the 25 most influential Americans of 1997, and Newsweek named him to its "Century Club," 100 people to watch at the turn of the millennium.
- STANCO 25 Professor of Economics
- Ralph Landau Senior Fellow, Stanford Institute for Economic Policy Research
- Senior Fellow, Hoover Institution
Garth Saloner
Garth Saloner is an economist, known for his pioneering work on network effects, which underlie much of the economics of electronic commerce and business. Saloner's research focuses on issues of e-commerce, strategic management, competitive strategy, industrial economics, and antitrust economics. Much of his recent work has been devoted to issues of competitive strategy arising from standardization and compatibility, especially in information technology industries.
- Jeffrey S. Skoll Professor of Electronic Commerce, Strategic Management, and Economics
- Codirector of the Center for Entrepreneurial Studies
- Younger Family Faculty Fellow for 2005-2006
Itamar Simonson
Itamar Simonson's marketing research includes consumer and managerial decision making, buyer behavior on the Internet; marketing management; marketing high technology; and trademark infringement. Some of Simonson's studies center on how buyers make choices, demonstrating a variety of seemingly irrelevant and irrational influences on their decisions and suggesting new insights into the design of market research studies and effective marketing strategies.
- Sebastian S. Kresge Professor of Marketing
- Graduate School of Business Trust Faculty Fellow for 2005-2006
Kenneth J. Singleton
Kenneth Singleton is a financial economist whose path breaking work has been in the field of managing financial and credit risk. His research interests focus on econometric methods for the estimation and testing of dynamic asset pricing models and the modeling of term structures of government and defaultable bond yields. He has studied the measurement and management of market, credit, and liquidity risks as well as debt financing in emerging economies.
- Adams Distinguished Professor of Management
- Senior Associate Dean, Academic Affairs
- Codirector of the Credit Risk Executive Program
V. "Seenu" Srinivasan
"Seenu" Srinivasan is an internationally known specialist in marketing and one of the few professionals who has revolutionized academic and applied thinking in this area. His research interests center on conjoint analysis (methods for understanding customer preferences), new product development, market structure analysis, and brand equity measurement. He has constructed models of consumer behavior - determining how people decide what goods and services they purchase - and developed methods to understand and measure brand equity.
- Adams Distinguished Professor of Management
- Director of the Strategic Marketing Management Executive Program
James C. Van Horne
James Van Horne is best known for his work on the theory and behavior of interest rates, corporate finance, capital budgeting decisions, and the valuation of market instruments. He is the author of five books, three of which—Financial Management and Policy, Fundamentals of Financial Management, and Financial Market Rates and Flows—are in wide use as texts.
- A. P. Giannini Professor of Banking and Finance, Emeritus