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Stanford Business magazine

 

Faculty News

Knowledge, Style, and Enthusiasm Cited

An expert on supply chains, Hau Lee views students as “co-production agents” with their teachers. “You are part of the supply chain,” he told MBA students who honored him with the 2007 MBA Distinguished Teaching Award. “You ask great questions. You stim-ulate the discussion, and you challenge the rest of us,” said the Thoma Professor of Operations, Information, and Technology.

The MBA Student Academic Committee chose Lee from 50 faculty members who were nominated for the class’s teaching honor. Meanwhile, doctoral students selected Keith Krehbiel, the Edward B. Rust Professor of Political Science, for their distinguished teaching award, and the Sloan Fellows honored Jeffrey Moore, a senior lecturer in operations, information, and technology.

Students praised Lee for his “exceptional expertise,” and described him as “engaging, knowledgeable, and humble.” One student wrote: “This professor manages to balance fun and humor with insight and knowledge.” Lee is faculty codirector of the Global Supply Chain Management Forum, an industry-academic consortium that examines the theory and practice in the field. He has done extensive research—some of which has been adopted by businesses—such as his work on security issues associated with supply chains.

Krehbiel also complimented doctoral students. “When you walk into the classroom, [PhD] students actually know what you do, they know why you do it, they think it’s important, and they truly want someday to sort of do the same thing or something close to it or be somewhat like you. And that makes all the difference in the world.”

Sloan Fellows honored Moore, who taught their core course in Modeling and Analysis. He “took me from poet to novice modeler,” one student wrote. Another said, “He turned a very boring subject into an exciting one. He taught us very practical, useful, and essential tools.” Moore, who directs SunTELL, the School’s Technology Experimental Learning Laboratory, has received the Sloan teaching award twice before.

School Welcomes New Faculty

Six new tenure-track professors bring added expertise in accounting, finance, marketing, and political economy to the Business School. The new associate professors are Ernesto Dal Bó, Joseph Piotroski, and Zakary Tormala. Assistant professors are Dirk Jenter, Uzma Khan, and Arthur Korteweg.

Nonmarket strategy and ethics courses will be taught by Ernesto Dal Bó, who comes from the University of California at Berkeley, where he taught in both the Haas School of Business and the political science department. Before earning a doctorate in economics from the University of Oxford, he evaluated large investment projects during the Argentine privatization process. His research deals with the connections between economics and politics, and he has written about vote buying, coercive influence, and the impact that policies and economic shocks have on social and political conflict. His interest in ethics originates in concerns with the nature of shared notions of legitimacy.

Joseph Piotroski hales from the University of Chicago Graduate School of Business. A former tax consultant for Coopers and Lybrand, he earned his PhD from the University of Michigan. His research focuses on financial reporting issues such as how financial, legal, regulatory, and political institutions shape behavior of capital market participants and on the economic consequences of alternative financial reporting, information dissemination, and governance practices around the world. Piotroski teaches elective courses in Accounting-Based Valuation and Valuation in Emerging Markets. He serves on the editorial advisory boards of the Accounting Review, Journal of Accounting Research, and Journal of Accounting and Economics.

Zakary Tormala is a social psychologist who will teach courses on consumer behavior. His research on attitudes and social cognition often takes a metacognitive approach by exploring the role of people’s thoughts about and perceptions of their own thoughts and attitudes in social and consumer contexts. For instance, he seeks to better understand the feeling of attitude certainty, its origins, and its numerous implications for evaluative decision making and attitude-relevant behavior. After earning a PhD from Ohio State University in 2003, Tormala was an assistant professor at Indiana University.

Dirk Jenter has been an assistant professor of finance at the Sloan School of Management at MIT, where he was named teacher of the year in 2005. His research focuses on the interaction of managers with possibly inefficient capital markets. Recent projects have involved the capital structure decisions of U.S. firms, option and stock compensation, insider trading by top managers, and forced CEO turnovers. His working paper “CEO Turnover and Relative Performance Evaluation” was selected as the best corporate finance paper at the 2006 Western Finance Association meeting. He is a referee for scholarly journals and was a faculty research fellow at the National Bureau of Economic Research. He holds a PhD from Harvard University.

Uzma Khan won the American Marketing Association’s John A. Howard Dissertation Award and the SCP-SHETH Doctoral Dissertation Award. She uses psychological and economic principles to explain how consumers form preferences as she seeks to understand and predict their behavior and to recommend successful managerial strategies. For instance, she investigates how a current choice is influenced by prior unrelated decisions or by similar future choices. Previously an assistant professor of marketing at Carnegie Mellon University, she received her PhD in marketing from Yale University in 2005 and has consulted for clients in airline, education, and high-tech industries. She will teach the MBA course in Strategic Services Marketing.

Arthur Korteweg’s current research estimates the costs of financial distress for publicly traded corporations, the risk and return trade-off to private equity investments, and the effect of investors’ uncertainty on the credit spreads of corporate bonds. He also examines the impact on portfolio formation of learning about stock return predictability. He holds an mba and phd from the University of Chicago Graduate School of Business and will teach corporate finance.

Two New Endowed Chairs Filled

TiedensHenryFour faculty members recently were honored by being named to endowed chairs, including two new chairs created by School alumni and their family members. Two tenure-track faculty also were promoted to full professor.

Faculty member Larissa Tiedens (at left) and Peter Henry (at right) were named full professors. Tiedens’ expertise is organizational behavior while Henry’s field is economics.

Deborah Gruenfeld, a professor of organizational behavior, was named first holder of the Moghadam Family Professorship, a new endowed chair created by Hamid Moghadam, MBA ’80, and his wife, Tina, a Stanford graduate and volunteer. Hamid serves on the board of the Stanford Management Company and on the Business School’s Advisory Council and Campaign Steering Committee. He is chairman and CEO of San Francisco-based AMB Property Corp., with approximately 125 million square feet of industrial property in 11 countries.

Stefanos Zenios, a professor of operations, information, and technology, is the first to hold the Charles A. Holloway Professorship, a chair created by more than two dozen alumni and friends to honor a faculty member who has taught many GSB graduates about entrepreneurship. Douglas Burgum and Robert Kagle, both MBA ’80, provided the idea and seed capital for the chair. Significant lead gifts were provided by Donald Petersen, MBA ’49, and by Tashia and John Morgridge, MBA ’57.

Two existing chairs were reassigned. Sunil Kumar, professor of operations, information, and technology, was named to the Fred H. Merrill Professorship, and Daniel Kessler, professor of economics, law, and policy, was named to the David S. and Ann M. Barlow Professorship. Both chairs were previously held by faculty who recently moved to emeritus status, Joanne Martin and David P. Baron.

Faculty Publications

Accounting
Delisting Returns and Their Effect on Accounting-Based Market Anomalies
William Beaver, Maureen McNichols, and Richard Price
Journal of Accounting & Economics
(Vol. 43, No. 2/3), July 2007

Biases in Multi-Year Management Financial Forecasts: Evidence from Private Venture-Backed U.S. Companies
Christopher Armstrong, Antonio Davila, George Foster, and John R.M. Hand
Review of Accounting Studies
(Vol. 12, No. 2/3), September 2007

Management Control Systems in Early-Stage Startup Companies
Antonio Davila and George Foster
Accounting Review
(Vol. 82, No. 4), October 2007

Corporate Governance, Accounting Outcomes, and Organizational Performance
David Larcker, Scott Richardson, and Irem Tuna
Accounting Review
(Vol. 82, No. 4), October 2007

Discussion of the Book-to-Price Effect in Stock Returns: Accounting for Leverage
Joseph Piotroski
Journal of Accounting Research
(Vol. 45, No. 2), May 2007

Cost Allocation for Capital Budgeting Decisions
Tim Baldenius, Sunil Dutta, and Stefan Reichelstein
Accounting Review
(Vol. 82, No. 4), October 2007

Economics
Evaluating Effects of Tax Preferences on Health Care Spending and Federal Revenues
John Cogan, Glenn Hubbard, and Daniel Kessler
NBER/Tax Policy & the Economy
(Vol. 21, No. 1), 2007

Tradeoffs from Integrating Diagnosis and Treatment in Markets for Health Care
Christopher Afendulis and Daniel Kessler
American Economic Review
(Vol. 97, No. 3), June 2007

Is There an Insider Advantage in Getting Tenure?
Paul Oyer
American Economic Review
(Vol. 97,  No. 2), May 2007

Finance
Technological Innovation and Real Investment Booms and Busts
Peter DeMarzo, Ron Kaniel, and Ilan Kremer
Journal of Financial Economics
(Vol. 85, No. 3), September 2007

Information Percolation in Large Markets
Darrell Duffie and Gustavo Manso
American Economic Review
(Vol. 97, No. 2), May 2007

Systemic Illiquidity in the Federal Funds Market
Adam Ashcraft and Darrell Duffie
American Economic Review
(Vol. 97, No. 2), May 2007

Employee Sentiment and Stock Option Compensation
Nittai Bergman and Dirk Jenter
Journal of Financial Economics
(Vol. 84, No. 3), June 2007

Marketing
Where Consumers Diverge from Others: Identity Signaling and Product Domains
Jonah Berger and Chip Heath
Journal of Consumer Research
(Vol. 34, No. 2), August 2007

The Shopping Momentum Effect
Ravi Dhar, Joel Huber, and Uzma Khan
Journal of Marketing Research
(Vol. 44, No. 3), August 2007

Where There Is a Will, Is There a Way? The Effect of Future Choices on Self-Control
Uzma Khan and Ravi Dhar
Journal of Experimental Psychology: General
(Vol. 136, No. 2), May 2007

Emotions, Decisions, and the Brain
Baba Shiv
Journal of Consumer Psychology
(Vol. 17, No. 3), 2007
Preference Fluency in Choice
Nathan Novemsky, Ravi Dhar, Norbert Schwarz, and Itamar Simonson
Journal of Marketing Research
(Vol. 44, No. 3), August 2007

Ease of Retrieval Effects in Social Judgment: The Role of Unrequested Cognitions
Zakary Tormala, Carlos Falces, Pablo Briñol, and Richard Petty
Journal of Personality & Social Psychology
(Vol. 93, No. 2), August 2007

Unpacking Attitude Certainty: Attitude Clarity and Attitude Correctness
John Petrocelli, Zakary Tormala, and Derek Rucker
Journal of Personality & Social Psychology
(Vol. 92, No. 1), January 2007

Operations
Have Your Cake
Hau Lee
Supply Chain Management Review
(Vol. 11, No. 3), April 2007

The Greening of Wal-Mart’s Supply Chain
Erica Plambeck
Supply Chain Management Review
(Vol. 11, No. 5), July/August 2007

Note: A Separation Principle for A Class of Assemble-to-Order Systems with Expediting
Erica Plambeck and Amy Ward
Operations Research
(Vol. 55, No. 3), May/June 2007

The Last Line of Defense: Designing Radiation Detection-Interdiction Systems to Protect Cities from a Nuclear Terrorist Attack
Lawrence Wein and Michael Atkinson
IEEE Transactions on Nuclear Science
(Vol. 54, No. 3, 2 of 2), June 2007

Organizational Behavior
Interdependent Sampling and Social Influence
Jerker Denrell and Gaël Le Mens
Psychological Review
(Vol. 114, No. 2), April 2007

Long-Term Effects of Subliminal Priming on Academic Performance
Brian Lowery, Naomi Eisenberger, Curtis Hardin, and Stacey Sinclair
Basic & Applied Social Psychology
(Vol. 29, No. 2), June 2007

Ibsen, Ideals, and the Subornation of Lies
James March
Organization Studies
(Vol. 28, No. 8), 2007

The Pursuit of Relevance in Management Education
Mie Augier and James March
California Management Review
(Vol. 49, No. 3), Spring 2007

The Study of Organizations and Organizing Since 1945
James March
Organization Studies
(Vol. 28, No. 1), 2007

Sins of Commission
Jeffrey Pfeffer
Conference Board Review
(Vol. 44, No. 4),
July/August 2007

The Curious Life of Clusters
Henry Rowen
Far Eastern Economic Review
(Vol. 170, No. 6),
July/August 2007

Political Economy Corporate Social Responsibility and Social Entrepreneurship
David Baron
Journal of Economics & Management Strategy
(Vol. 16, No. 3), September 2007

Bribing Voters
Ernesto Dal Bó
American Journal of Political Science
(Vol. 51, No. 4), October 2007

Introduction to the Special Issue on Nonmarket Strategy and Social Responsibility
David Baron and Daniel Diermeier
Journal of Economics & Management Strategy
(Vol. 16, No. 3), September 2007

Strategic Activism and Nonmarket Strategy
David Baron and Daniel Diermeier
Journal of Economics & Management Strategy
(Vol. 16, No. 3), September 2007

A Delayed Return to Historical Norms: Congressional Party Polarization After the Second World War
Hahrie Han and David Brady
British Journal of Political Science
(Vol. 37, No. 3), July 2007

Corruption and Inefficiency: Theory and Evidence from Electric Utilities
Ernesto Dal Bó and Martín Rossi
Journal of Public Economics
(Vol. 91, No. 5/6), June 2007

Reputation When Threats and Transfers Are Available
Ernesto Dal Bó, Pedro Dal Bó, and Rafael Di Tella
Journal of Economics & Management Strategy (Vol. 16, No. 3), September 2007

When Do Elections Encourage Ideological Rigidity?
Brandice Canes-Wrone and Kenneth Shotts
American Political Science Review
(Vol. 101, No. 2), May 2007