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Journal Articles

View peer-reviewed research by Stanford GSB faculty, published in leading journals across the business disciplines.

Books

View books written or edited by Stanford GSB faculty, from textbooks to books for a wider audience.

Working Papers

View scholarly works-in-progress by Stanford GSB faculty, which often appear in final form in academic journals.

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Journal Article

Changes in Social Norms during the Early Stages of the COVID-19 Pandemic across 43 Countries

G. Andrighetto, A. Szekely, A. Guido, Michele J. Gelfand, et. al.
Nature Communications February2024 Vol. 15

The emergence of COVID-19 dramatically changed social behavior across societies and contexts. Here we study whether social norms also changed. Specifically, we study this question for cultural tightness (the degree to which societies generally…

Journal Article

Cultural Tariffing: Appropriation and the Right to Cross Cultural Boundaries

Abraham Oshotse, Yael Berda, Amir Goldberg
American Sociological Review February2024

Why are some acts of cultural boundary-crossing considered permissible whereas others are repudiated as cultural appropriation? We argue that perceptions of cultural appropriation formed in response to the emergence of cultural omnivorousness as…

Working Paper

Earnings News and Local Household Spending

Brandon Gipper, Laura Lingyu Gu, Jinhwan Kim, Suzie Noh
February2024

Using debit and credit card data, we find a one standard-deviation increase in firms’ earnings surprise is linked to a 3% or $5.6 billion increase in aggregate quarterly consumption of local households near the disclosing firms’ headquarters. The…

Working Paper

Earnings Targets, Strategic Patent Sales, and Patent Trolls

Jinhwan Kim, Kristen Valentine
February2024

Innovative public firms sell 9.6% (615) more patents in the last month, relative to the first half of the fiscal year. Consistent with reporting incentives driving these sales, they are more pronounced among firms with strong incentives to meet…

Journal Article

Explaining the Evolution of Gossip

Xinyue Pan, Vincent Hsiao, Dana S. Nau, Michele J. Gelfand
Proceedings of the National Academy of Sciences February2024 Vol. 121 Issue 9

Gossip, the exchange of personal information about absent third parties, is ubiquitous in human societies. However, the evolution of gossip remains a puzzle. The current article proposes an evolutionary cycle of gossip and uses an agent-based…

Journal Article

Fee Variation in Private Equity

Juliane Begenau, Emil N. Siriwardane
The Journal of Finance February2024

We study how investment fees vary within private equity funds. Net-of-fee return clustering suggests that most funds have two tiers of fees, and we decompose differences across tiers into both management- and performance-based fees. Managers of…

Journal Article

Online Images Amplify Gender Bias

Douglas R. Guilbeault, Solène Delecourt, Tasker Hull, Bhargav Srinivasa Desikan, Mark Chu, Ethan Nadler
Nature February2024 Vol. 626 Pages 1049–1055.

Each year, people spend less time reading and more time viewing images, which are proliferating online. Images from platforms such as Google and Wikipedia are downloaded by millions every day, and millions more are interacting through social…

Journal Article

Pricing Power in Advertising Markets: Theory and Evidence

Jesse M. Shapiro, Frank Yang, Ali Yurukoglu
American Economic Review February2024 Vol. 114 Issue 2 Pages 500–533.

Existing theories of media competition imply that advertisers will pay a lower price in equilibrium to reach consumers who multi-home across competing outlets. We generalize and extend this theoretical result and test it using data from…

Journal Article

Regulating Privacy Online: An Economic Evaluation of the GDPR

Samuel Goldberg, Garrett A. Johnson, Scott K. Shriver
American Economic Journal: Economic Policy February2024 Vol. 16 Issue 1 Pages 325–358.

Modern websites rely on personal data to measure and improve their performance and to market to consumers. The European Union’s General Data Protection Regulation (GDPR) limited access to such personal data, with the goal of protecting consumer…

Working Paper

The Secular Decline of Bank Balance Sheet Lending

Greg Buchak, Gregor Matvos, Tomasz Piskorski, Amit Seru
February2024

The traditional model of bank-led financial intermediation, where banks issue demandable deposits to savers and make informationally sensitive loans to borrowers, has seen a dramatic decline since 1970s. Instead, private credit is increasingly…

Journal Article

Using Price Promotions to Drive Children’s Healthy Choices in a Developing Economy

Szu-chi Huang, Michal Maimaran, Daniella Kupor
Journal of Marketing Research February2024 Vol. 61 Issue 6

We examine how price discounts — a classic marketing incentive — drive children’s healthy choices in the understudied context of a developing economy. We partnered with UNICEF to launch three field experiments in Panamá among 2,418 children to…

Journal Article

When Rule Breaking in Art Falls Flat: Cultural Tightness Deflates Deviant Artists’ Impact

Eftychia Stamkou, Rohan Dunham, Matthew Pelowski, Ying Lin, Michele J. Gelfand
Psychology of Aesthetics, Creativity, and the Arts February2024 Vol. 18 Issue 1 Pages 14–30.

Previous research in western countries shows that artists whose work deviates from their own previous style (intrapersonal deviance) and other artists’ styles (interpersonal deviance) gain greater impact than nondeviant artists (Stamkou et al…

Book

The Friction Project: How Smart Leaders Make the Right Things Easier and the Wrong Things Harder

Robert I. Sutton, Hayagreeva Rao
St. Martin's Press January302024

The definitive guide to eliminating the forces that make it harder, more complicated, or downright impossible to get things done in organizations. Find out why Adam Grant says “If every leader took the ideas in this book seriously, the world…

Journal Article

A Multifaceted Intervention to Improve Teamwork on an Inpatient Pediatric Neurosurgery Service

Emily Levoy, Amelia Sperber, Diana Poon, May Casazza, Jennifer Vargas, Sandra Yang, Gerald Grant, Sara Singer, Nivedita Srinivas
The Joint Commission Journal on Quality and Patient Safety January252024 Vol. 50 Issue 2 Pages 104–115.

Background

Increased safety reports related to interprofessional teamwork on an acute care unit at a quaternary children…

Journal Article

Qualitative Interview Study of Strategies To Support Healthcare Personnel Mental Health Through an Occupational Health Lens

Cati Brown-Johnson, Cheyenne DeShields, Matthew McCaa, Natalie Connell, Susan N. Giannitrapani, Wendy Thanassi, Elizabeth M. Yano, Sara Singer, Karl A. Lorenz, Karleen Giannitrapani
BMJ Open January112024 Vol. 14 Issue 1

Employee Occupational Health (‘occupational health’) clinicians have expansive perspectives of the experience of healthcare personnel. Integrating mental health into the purview of occupational health is a newer approach that could combat…

Journal Article

Assessing Health Care Leadership and Management for Resilience and Performance During Crisis: The HERO-36

Mariam Krikorian Atkinson, Paul D. Biddinger, Mah-Afroze Chughtai, Tuna C. Hayirli, John L. Hick, Nicholas V. Sr. Cagliuso, Sara Singer
Health Care Management Review January32024 Vol. 49 Issue 1 Pages 14–22.

Background 

Whereas organizational literature has provided much insight into the conceptual and theoretical underpinnings of organizational leadership and management during emergencies, measures to operationalize related effective…

Journal Article

Do Patients Who Read Visit Notes on the Patient Portal Have a Higher Rate of “Loop Closure” on Diagnostic Tests and Referrals in Primary Care? A Retrospective Cohort Study

Sigall K. Bell, Maelys J. Amat, Timothy S. Anderson, Mark D. Aronson, James C. Benneyan, Leonor Fernandez, Dru A. Ricci, Talya Salant, Gordon D. Schiff, Umber Shafiq, Sara Singer, Scot B. Sternberg, Cancan Zhang, Russell S. Phillips
Journal of the American Medical Informatics Association January22024 Vol. 31 Issue 3 Pages 622–630.

Objectives The 2021 US Cures Act may engage patients to help reduce diagnostic errors/delays. We examined the relationship between patient portal registration with/without note reading and test/referral completion in primary care…

Working Paper

Convenience Yields and Exchange Rate Puzzles

Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig
January12024

We introduce safe asset demand for dollar-denominated bonds into a tractable incomplete market model of exchange rates. The convenience yield on dollar bonds enters as a stochastic wedge in the Euler equations for exchange rate determination.…

Journal Article

CAREER: A Foundation Model for Labor Sequence Data

Keyon Vafa, Emil Palikot, Tianyu Du, Ayush Kanodia, Susan Athey, David Blei
Transactions on Machine Learning Research January2024

Labor economists regularly analyze employment data by fitting predictive models to small, carefully constructed longitudinal survey datasets. Although machine learning methods offer promise for such problems, these survey datasets are too small…

Working Paper

Digital Interventions and Habit Formation in Educational Technology

Keshav Agrawal, Susan Athey, Ayush Kanodia, Emil Palikot
January2024

We evaluate a contest-based intervention intended to increase the usage of an educational app that helps children in India learn to read English. The evaluation included approximately 10,000 children, of whom about half were randomly selected to…