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Journal Articles

View peer-reviewed research by Stanford GSB faculty, published in leading journals across the business disciplines.

Books

View books written or edited by Stanford GSB faculty, from textbooks to books for a wider audience.

Working Papers

View scholarly works-in-progress by Stanford GSB faculty, which often appear in final form in academic journals.

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View abstract and ordering information for case studies written and published by faculty at Stanford GSB.

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Working Paper

Data Tracking under Competition

Kostas Bimpikis, Daniela Saban
November102022

We explore the welfare implications of data-tracking technologies that enable firms to collect consumer data and use it for price discrimination. The model we develop centers around two features: competition between firms and consumers’ level of…

Stanford Closer Look

ESG Investing: What Shareholders Do Fund Managers Represent?

Stephen H. Haber, John D. Kepler, David F. Larcker, Amit Seru, Brian Tayan
Stanford Closer Look Series Corporate Governance Research Initiative November32022

In this Closer Look, we examine individual investor perception of ESG to gauge their concern for environmental and social issues, their view of whether fund managers should use their voting power to influence ESG practices, and their willingness…

Survey

2022 Survey of Investors, Retirement Savings, and ESG

Stephen H. Haber, John D. Kepler, David F. Larcker, Amit Seru, Brian Tayan
CGRI Survey Series Corporate Governance Research Initiative, Stanford Rock Center for Corporate Governance November2022

In summer 2022, Stanford Graduate School of Business, the Hoover Institution Working Group on Corporate Governance at Stanford University, and Rock Center for Corporate Governance at Stanford University jointly conducted a nationwide survey of 2,…

Journal Article

Aligning Differences: Discursive Diversity and Team Performance

Katharina Lix, Amir Goldberg, Sameer B. Srivastava, Melissa A. Valentine
Management Science November2022 Vol. 68 Issue 11 Pages 8430–8448.

How does cognitive diversity in a group affect its performance? Prior research suggests that group cognitive diversity poses a performance tradeoff: diverse groups excel at creativity and innovation but struggle to take coordinated action.…

Journal Article

Asymptotically Optimal Control of a Centralized Dynamic Matching Market with General Utilities

Jose H. Blanchet, Martin I. Reiman, Virag Shah, Lawrence M. Wein, Linjia Wu
Operations Research, (early access) November2022 Vol. 70 Issue 6 Pages 3355–3370.

We consider a matching market where buyers and sellers arrive according to independent Poisson processes at the same rate and independently abandon the market if not matched after an exponential amount of time with the same mean. In this…

Working Paper

Cancel Culture and Social Learning

Iván Marinovic, Davide Cianciaruso, Ilan Guttman
November2022

We study social learning and information transmission in a sender-receiver game wherein senders may be attacked (“cancelled”) for challenging the status-quo beliefs. We find that cancellations (and self-censorship) don’t arise unless there is a…

Journal Article

Causality Redux: The Evolution of Empirical Methods in Accounting Research and the Growth of Quasi-Experiments

Christopher S. Armstrong, John D. Kepler, Delphine Samuels, Daniel Taylor
Journal of Accounting & Economics November2022 Vol. 74 Issue 2–3

This paper reviews the empirical methods used in the accounting literature to draw causal inferences. Similar to other social science disciplines, recent years have seen a burgeoning growth in the use of methods that seek to provide as-if random…

Journal Article

Causality in Econometrics: Choice vs Chance

Guido W. Imbens
Econometrica November2022 Vol. 90 Issue 6 Pages 2541–2566.

This essay describes the evolution and recent convergence of two methodological approaches to causal inference. The first one, in statistics, started with the analysis and design of randomized experiments. The second, in econometrics, focused on…

Working Paper

Contextual Bandits in a Survey Experiment on Charitable Giving: Within-Experiment Outcomes versus Policy Learning

Susan Athey, Undral Byambadalai, Vitor Hadad, Sanath Kumar Krishnamurthy, Weiwen Leung, Joseph Jay Williams
November2022

We design and implement an adaptive experiment (a “contextual bandit”) to learn a targeted treatment assignment policy, where the goal is to use a participant’s survey responses to determine which charity to expose them to in a donation…

Working Paper

Emotion- Versus Reasoning-Based Drivers of Misinformation Sharing: A Field Experiment Using Text Message Courses in Kenya

Susan Athey, Matias Cersosimo, Kristine Koutout, Zelin Li
November2022

Two leading hypotheses for why individuals unintentionally share misinformation are that 1) they are unable to recognize that a post contains misinformation, and 2) they make impulsive, emotional sharing decisions without thinking about whether a…

Journal Article

Evaluating Deliberative Competence: A Simple Method with an Application to Financial Choice

Sandro Ambuehl, B. Douglas Bernheim, Annamaria Lusardi
American Economic Review November2022 Vol. 112 Issue 11 Pages 3584–3626.

We examine methods for evaluating interventions designed to improve decision-making quality when people misunderstand the consequences of their choices. In an experiment involving financial education, conventional outcome metrics (financial…

Book

Fragmenting Markets: Post-Crisis Bank Regulations and Financial Market Liquidity

Darrell Duffie
De Gruyter November2022

Post-crisis capital regulations and new failure-resolution rules increased the funding costs that are borne by bank shareholders, and thus the cost to buy-side firms for access to space on the balance sheets of large banks. A policy implication…

Working Paper

Gender and Culture in Organizations: Perceptions, Beliefs and Experiences

Glenn R. Carroll, Lara Yang
November2022

Our efforts here represent an exploratory attempt to make some progress on developing a fuller understanding of gender and organizational culture. In doing so, we report on a wide-ranging survey we administered to a sample of full-time workers (…

Journal Article

Government Policy, Strategic Consumer Behavior, and Spillovers to Retailers: The Case of Demonetization in India

Yewon Kim, Pradeep K. Chintagunta, Bhuvanesh Pareek
Marketing Science November2022 Pages 1029–1182.

This paper studies strategic consumer shopping behavior in response to a macroeconomic policy and quantifies its unintended consequences for retailers vis-à-vis the policy goal. Using transaction-level data from a large retail chain in India, we…

Working Paper

How Abundant Are Reserves? Evidence from the Wholesale Payment System

Gara Afonso, Darrell Duffie, Lorenzo Rigon, Hyun Song Shin
November2022

Before the era of large central bank balance sheets, banks relied on incoming payments to fund outgoing payments in order to conserve scarce liquidity. Even in the era of large central bank balance sheets, rather than funding payments with…

Working Paper

IPOs and Corporate Tax Planning

Christine Dobridge, Rebecca Lester, Andrew Whitten
November2022

Does going public affect the amount and type of corporate tax planning? Using a panel of U.S. corporate tax return data from 1994 to 2018, we show that IPO completion is associated with the implementation of multinational income shifting…

Journal Article

Market Competition and Political Influence: An Integrated Approach

Steven Callander, Dana Foarta, Takuo Sugaya
Econometrica November2022 Vol. 90 Issue 6 Pages 2723–2753.

The operation of markets and of politics are in practice deeply intertwined. Political decisions set the rules of the game for market competition and, conversely, market competitors participate in and influence political decisions. We develop an…

Journal Article

A Model to Design Financially Sustainable Algorithm-Enabled Remote Patient Monitoring for Pediatric Type 1 Diabetes Care

Paul Dupenloup, Ryan Leonard Pei, Annie Chang, Michael Z. Gao, Priya Prahalad, Ramesh Johari, Kevin A. Schulman, Ananta Addala, Dessi Zaharieva, David M. Maahs, David Scheinker
Frontiers in Endocrinology November2022

Introduction: Population-level algorithm-enabled remote patient monitoring (RPM) based on continuous glucose monitor (CGM) data review has been shown to improve clinical outcomes in diabetes patients, especially children.…

Book Chapter

Platform Annexation

Susan Athey, Fiona Scott Morton
Antitrust Law Journal Vol. 84, Issue 3 American Bar Association November2022 Pages 677–703.

The article offers information about the platform annexation, and the logic using basic principles from platform economics. It analyzes the platform annexation to the traditional antitrust categories in the market. It mentions that a platform…

Working Paper

Policy Learning with Adaptively Collected Data

Ruohan Zhan, Zhimei Ren, Susan Athey, Zhengyuan Zhou
November2022

Learning optimal policies from historical data enables the gains from personalization to be realized in a wide variety of applications. The growing policy learning literature focuses on a setting where the treatment assignment policy does not…