Publications

Two studies tested whether racial category labels and lay beliefs about human traits have a combined effect on people’s perception of, and memory for, racially ambiguous faces. Participants saw a morphed target face accompanied by a racial label…

This article develops and tests theory on when and where a new organizational form will emerge. Recent theory holds that as the number of organizations using a particular external identity code first increases beyond a critical minimal…

 After a string of years in which security analysts’ top stock picks significantly outperformed their pans, the years 2000 and 2001 were disasters. During those two years, the stocks least favored by analysts earned an average annualized…

A challenge facing cultural‐frame institutionalism is to explain how existing institutional logics and role identities are replaced by new logics and role identities. This article depicts identity movements that strive to expand individual…

Subtitle: Supply chain managers today face a dilemma: How do you improve security without jeopardizing supply chain effectiveness? The answer may lie in the principles of the quality movement. Total quality management taught us that we can…

The paper examines the determinants and performance consequences of equity grants to senior-level executives, lower-level managers, and non-exempt employees of “new economy” firms. We find that the determinants of equity grants are significantly…

The compromise effect denotes the finding that brands gain share when they become the intermediate rather than an extreme option in a choice set (Simonson 1989). Despite the robustness and importance of this phenomenon, choice modelers have…

We investigate the relation between two market anomalies to provide insights into analysts role as information intermediaries. Prior research finds that accruals and analyst earnings forecast revisions predict future returns. We find that the…

When purchasing products, consumers often need to decide on the highest price they are willing to pay (WTP) and, when selling products, on the lowest price they are willing to accept (WTA). In this research, we contrast the determinants of WTP…

We discuss the creation of organizations and their survival as distinct selection processes, and consider the significance of their divergence. In particular, to understand the implications of entrepreneurial booms, we propose the possibility of…

Over the past thirty years changes in divorce law have significantly increased access to divorce. The different timing of divorce law reform across states provides a useful quasi-experiment with which to examine the effects of this change. We…

The so-called “paradox of voting” is a major anomaly for rational choice theories of elections. If voting is costly and citizens are rational, then in large electorates the expected turnout would be small, for if many people voted the chance of…

Do human resource management (HRM) practices, such as incentive pay, teamwork, training, and careful screening practices, raise productivity, and if so, under what conditions does productivity rise? Recently, this question has been a central…

This paper describes a general type of stochastic system model that involves three basic elements: activities, resources, and stocks of material. A system manager chooses activity levels dynamically based on state observations, consuming some…

Three things happen when emerging economies open their stock markets to foreign investors. First, the aggregate dividend yield falls by 240 basis points. Second, the growth rate of the capital stock increases by an average of 1.1 percentage…

This article develops a formal theory of the structural aspects of organizational change. It concentrates on changes in an organization’s architecture, depicted as a code system. It models the common process whereby an initial architectural…

Bekaert, Harvey and Lundblad (BHL) are to be congratulated for producing another paper on equity market liberalizations in emerging markets, and it is a pleasure to discuss their work. Yet, there are three reasons why I may not be an impartial…

Interest groups seek to influence economic activity through public and private politics. Public politics takes place in the arenas of public institutions, whereas private politics takes place outside public institutions often in the arena of…