Publications

Empirically it appears that while investing heavily in internal R&D, established corporations are playing only a relatively minor role in the financing of entrepreneurial companies, even if there seem to be ‘strategic’ reasons that would…

When organizations make important changes, such as introducing new products, they may gain strategic advantage but they also experience disruptions. We argue that these disruptions are especially strong when organizations introduce multiple…

This paper examines the effect of investment banks’ underwriting relationships on the earnings forecasts and recommendations of their financial analysts.

In this paper we explore an additional reason for the exodus and the persistence of gender inequality in organizations. This paper’s focus on high ranking executive women allow us to separate the effects of formal power and gender. These women…

In this survey, we review the recent theoretical and empirical literature on household saving and consumption. The discussion is structured around a list of motives for saving and how well the standard theory captures these motives. We show that…

This study explored the effects of social capital, measured both absolutely and relatively, on CEO compensation in a sample of 61 CEO-compensation committee chairperson dyads. We controlled for variables representing economic, social…

In this paper we propose a method for optimizing convex performance functions in stochastic systems. These functions can include expected performance in static systems and steady-state performance in discrete-event dynamic systems; they may…

 Risk aversion enters many theoretical models of human capital in- vestment, but attitudes toward risk have not been incorporated in empirical models of human capital investment. This article develops a model of the joint investment in…

We compare quota-based salesforce compensation plans with the BLSS plan, i.e., the optimal curvilinear agency-theory-based compensation plans proposed in Basu, Lal, Srinivasan and Staelin (Basu, A. K., R. Lal, V. Srinivasan, R. Staelin. 1985.…

This study provides evidence that fair value estimates of loans, securities and long-term debt disclosed under SFAS No. 107 provide significant explanatory power for bank share prices beyond that provided by related book values. In contrast to…

Companies that enjoy enduring success have a core purpose and core values that remain fixed while their strategies and practices endlessly adapt to a changing world. The rare ability to balance continuity and change—requiring a consciously…

This research investigates how organizational members respond to events that threaten their perceptions of their organization’s identity. Using qualitative, interview, and records data, we describe how members from eight “top-20” business…

We study pooled (or group) testing as a cost-effective alternative for screening donated blood products (sera) for HIV; rather than test each sample individually, this method combines various samples into a pool, and then tests the pool. A…