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Organizational Culture and Firm Performance under Environmental Volatility: The Case of the COVID-19 Pandemic
We examine how organizational culture influenced firms’ financial resilience during the COVID-19 pandemic. To investigate the relationship between culture, culture change, and financial resilience in the context of a widespread exogeneous crisis…
A Model of Criminal Justice Discretion
Criminal prosecutors wield tremendous power in the American legal system. However, their ability to direct prosecution against criminal suspects relies on coordination with the police who investigate crimes and make arrests. That relationship has…
Fabrication Techniques for Thin-Walled Silicone Ocular Implants Using Parylene-C Coated 3D-Printed Molds
Silicone drug delivery implants are widely used, but their fabrication often relies on non‑standardized, empirically tuned protocols that limit reproducibility and transfer across labs. Here, we present a reproducible and generalizable…
Predictions as Surrogates: Revisiting Surrogate Outcomes in the Age of AI
We establish a formal connection between the decades-old surrogate outcome model in biostatistics and economics and the emerging field of prediction-powered inference. The connection treats predictions from pre-trained models, prevalent in the…
The Importance of Financial and Risk Literacy: Lessons from Many Years of Data
Financial literacy has been measured systematically in the USA for more than two decades, beginning with the development of the Big Three financial literacy questions on compound interest, inflation, and risk diversification. This article reviews…
An Empirical Framework for Testing Theories About Complementarity in Organizational Design
This paper studies alternative empirical strategies for testing for complementarity in organizational design. We study a model where firms choose whether or not to adopt multiple organizational practices, and these choices interact to determine…
Can a Public Information Campaign Increase Trust in American Elections?
Confidence in the conduct and results of American elections has declined and polarized along party lines in recent years. Can a nonpartisan public information campaign featuring election officials enhance trust in elections when delivered to…
Complementary Climate Policies for Supply and Demand
The traditional approach to climate policy is to regulate the demand side, for example through an emissions fee. Supply-side regulation has received less attention. The two instruments are perfect substitutes in the first best but we show that…
2026 CEO Activism Survey
In the summer of 2026, the Stanford Graduate School of Business, the Rock Center for Corporate Governance at Stanford University, and the Governance of Organizations Working Group at the Hoover Institution at Stanford University jointly conducted…
Labor and Corporate Information Environment
Accounting research has long centered on executives and directors as drivers of the corporate information environment; recent work considers the rank-and-file employees who also drive it. We survey the growing literature at the intersection of…
Cutting Through the Noise: Mention of Social Ties Drives Higher Influencer Engagement
Jae Chung, Yu Ding, and Ajay Kalra reveal how personal storytelling, social connections, and emotional expression on social media can dramatically boost audience engagement, increasing viewer’s interactions and their perception of influencers as…
Interest Rate Risk, Bank Stability, and Valuation
This article surveys recent theoretical and empirical advancements on the impact of interest rates on bank valuations and stability—two crucial concerns for financial researchers, policy makers, and regulators. We begin by highlighting the…
The Lay Belief That There is Virtue in Duty and Duty in Virtue: A Novel Lens for Viewing Moral Judgment
We praise the performance of virtuous acts (e.g., composting) and condemn the failure to perform dutiful ones (e.g., littering). Importantly, however, moral acts may contain elements of both virtue and duty. Composting elicits praise, but not…
Medicare Advantage Plan Bid Risk Underestimates and Corresponding Insurer Revenues
Objective
To estimate the extent to which Medicare Advantage (MA) plans underestimate risk, the additional Part A and Part B (A&B) revenue insurers receive as a result, and how this differs across…
Predicting the Memorability of Brand Slogans
One component of a brand’s identity is its slogan, and an important desideratum for the slogan is that it is memorable. The authors develop predictive models of how well a slogan is remembered and to what extent it cues its brand. To do so, they…
An Electronic Health Record–Integrated, Large Language Model–Powered Tool to Triage Surgical Patients
Importance: Surgical comanagement (SCM) is an evidence-based care model in which hospitalists jointly manage medically complex perioperative patients alongside surgical teams. Despite its clinical and financial value, effective…
Party-Defiance Ads
In the United States, spending on political campaigns has surged dramatically. This article introduces and examines “party-defiance ads,” a novel and increasingly common type of political advertisement in which candidates criticize their own…
Americans Favor Predistributive Over Redistributive Economic Policies
Redistributive policies designed to reduce economic inequality through taxes and transfers (e.g., safety-net benefits funded by progressive taxation) receive less support in the United States than in many Western democracies. Recent work suggests…
Experimenting Under Stochastic Congestion
We study randomized experiments in a service system when stochastic congestion can arise from temporarily limited supply or excess demand. Such congestion gives rise to cross-unit interference between the waiting customers, and analytic…
Majority Opinions: The Political Consequences of an Out-of-Step Supreme Court
The Supreme Court’s composition tends to remain stable over time, yet its docket and rulings change, affecting our understanding of the Court’s broader political ramifications. In Majority Opinions, Stephen Jessee, Neil Malhotra, and Maya Sen…