Publications

We consider a dynamic model of moral hazard in banking to analyze two forms of prudential regulation: capital requirements and deposit rate ceilings. We find that using capital requirements in an economy with freely determined deposit rates…

This paper critically reviews the research on how collective bargaining systems influence macroeconomic performance in industrialized countries. The review considers effects of bargaining level, coordination, and corporatist institutional…

Despite extensive academic research on how to objectively identify competitors, we know relatively little about how managers identify competitors in practice. The authors bring together a diffuse literature in this area and propose a cognitive…

Motivated by the exceptionally high mortality statistics of dialysis patients and the ongoing debate about the adequacy of the current reimbursement for the dialysis in the United States, we pursue a detailed analysis of the dialysis delivery…

In this chapter, we argue that a better understanding of how individuals are affected by national culture is achieved when the subjectivist analysis of internal attitudes is supplemented with the structuralist approach of focusing on the external…

After reformulating Clark and Scarf’s (1960) classical serial multi-echelon model so that the lead time between adjacent echelons is one week (period), the option to expedite between each resulting echelon is added. Thus, each week requires a…

Target marketing is an increasingly crucial component of marketing strategy, particularly given the expanding cultural diversity of the nation’s population. Prior research suggests marketers need to consider the non-target market (consumers who…

In this paper, we rely on a direct question about precautionary wealth from the 1995 and 1998 Survey of Consumer Finances to assess the importance of the precautionary saving motive. Respondents are asked to report directly their desired amount…

This paper presents the results of research on the effects of organizational level and population or industry-level clocks on organizational mortality rates. It reports estimates of a model in which the effect of organizational age varies by…

Recent research on organizational mortality controls for the effect of age-varying organizational size and yields divergent results. Some studies find that ageing lowers mortality rates; others find the opposite pattern. We argue that this…

In four experiments, it was demonstrated that the expression of racial stereotyping and prejudice is highly affected by perceptions about the extent to which stereotypic beliefs are consensually shared by members of relevant reference groups.…

We propose that face-to-face contact fosters the development of rapport and thereby help negotiators coordinate on mutually beneficial settlements in mixed-motive conflicts. Specifically we test the hypothesis that, in a cooperative climate,…

We review recent literature on competitive reactions and strategic thinking and offer several observations. Evidence is mounting that strategic thinking is an unnatural act, made difficult by natural individual biases and organizational…

Regime-switching models are well suited to capture the non-linearities in interest rates. This paper examines the econometric performance of regime switching models for interest rate data from the US, Germany and the UK. There is strong evidence…

This paper describes behavior conventions that are stable long run outcomes of reinforcement behavior rules in two-person repeated games. Each player plays the repeated game with a fixed but endogenous aspiration, a payoff level that is…

This study tests predictions that pricing multiples on an incremental explanatory power of equity book value (net income) increase (decrease) as financial health decreases. Tests using a sample of 396 bankrupt firms and a larger, pooled sample…

As emerging economic regions (EERs) play a significant role in global economies, managers of multinationals have become increasingly aware of the importance of relevant international expansion in these regions. Facing potential market…

This paper tests whether revaluations of fixed assets by U.K. firms are associated with changes in firms’ underlying economic fundamentals. We find, as predicted, that upwards fixed asset revaluations under U.K. GAAP are significantly positively…