Publications

The de-diversification activity of publicly-held, American firms from 1985-1994 is examined. Prominent accounts of such behavior depict firm as returning to traditional, largely efficiency-based, patterns of diversification. This paper highlights…

We analyze a model of voluntary disclosure by firms in financial market and the desirability of disclosure regulation. In our model firms choose the precision of their disclosure. Disclosure is costly and has private and social value. First we…

Over the last three decades, there has been a substantial shift in financial market policy towards the promotion of financial liberalization. Policy makers around the globe have been preoccupied with deregulating interest rates, lifting…

This paper discusses some fundamental issues for marketing in the new millennium as the organizing framework for this special issue. These issues also provided the framework for the MSI conference on this topic. The fundamental issues address the…

Adopting a multidimensional approach to the measurement and conceptualization of “social dominance orientation” (Pratto, Sidanius, Stallworth, and Malle, 1994), we argue for the existence of two related ideological factors, one that measures…

This article examines how consumer decision making is influenced by automatically evoked task‐induced affect and by cognitions that are generated in a more controlled manner on exposure to alternatives in a choice task. Across two experiments…

It is extensively documented that underwriters often ” stabilize” or ” support ” initial offerings (IPOs). However, little is known about the types of IPOs that are supported, and more broadly, how price support impacts the IPO process. We…

Behavioral research on negotiation in recent years has been dominated by the decision making research paradigm, which accords a relatively narrow role to emotions. Decision making researchers have considered emotions primarily in terms of how an…

Organizational theorists now widely recognize that both institutions and competition play major roles in the evolution of industries and organizational populations. A central research question facing the field concerns how these two phenomena…

In many real-world situations, agents must formulate option exercise strategies with imperfect information. In such a setting, agents may infer the private signals of other agents through their observed exercise strategies. The building of an…

Firms routinely rely on other firms’ goodwill. Where a well-functioning legal system exists, in advanced economies, ongoing relationships complement formal contracts in helping deals work smoothly [Macaulay 1963; Haley 1997]. Where laws of…

It is widely believed that correlations between international equity markets tend to increase in highly volatile bear markets. This has led some to doubt the benefits of international diversification. This article solves the dynamic portfolio…

We review progress in research attempting to model the influence of culture on judgments of justice. We review research on people’s reactions to resource allocation outcomes, the psychology of distributive justice, as well as on people’s…

Abstract not available.

This paper studies commercial aircraft production, with an emphasis on the dynamics of production technology. Because commercial production is subject to many uncertainties not present in military production, the data presented here allows…

We investigate when and how aviation pilots respond to a near accident by drawing lessons for improved future performance. We hypothesize that individuals learn from a “close call” by imagining how the danger could have been reduced had they…