These papers are working drafts of research which often appear in final form in academic journals. The published versions may differ from the working versions provided here.
SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
You may search for authors and topics and download copies of the work there.
Plans, Performances, and Experiences: A Theory of Goal Directed Behaviors and Outcomes
This paper presents an integrative theoretical framework explaining goal achievement and behavioral performance and then tests the theory in head-to-head comparisons with the theory of reasoned action and the theory of planned behavior. Our…
Price Promotions: Limiting Competitive Encroachment
In this paper we explore equilibrium pricing strategies in an infinite horizon repeated game for an oligopoly. In a model where two symmetric firms (out of three) have a loyal customer base, it is shown that if there are sufficiently large number…
Process Constraints on Strategic Capability Transfer During Acquisition Integration
This paper reports the results of an in-depth study of the acquisition integration process in seven acquisitions representing twelve firms. A grounded theory of acquisition integration is elaborated. Three constraints in the integration process…
Questioning the Assumptions of Value Engineering: Alternative Views of the Cultural Change Process
Advocates of “value engineering” typically share assumptions about what culture is an how it changes. We delineate these assumptions and argue that they are misleadingly limited. Perceiving and enacting culture change. We present two alternative…
Service-Induced Campaign Contributions and the Electoral Equilibrium
Congressional incumbents are successful in over 90 percent of their reelection contests. Once explanation for this incumbency advantage is that incumbents provide services to constituents and interest groups as a means of generating both campaign…
Setup Reduction and Increased Effective Capacity
Setup reduction is an important aspect of the Just in Time (JIT) and Zero Inventory (ZI) concepts. This paper continues the study of the benefits of such reduction. Porteus (1985b) examined the tradeoff between investment in reduced setups and…
Social Group Identity and the Emergence of Cooperation in Resource Conservation Dilemmas
Abstract not available.
Some Observations on Capital Structure and the Impact of Recent Recapitalization on Share Prices
Abstract not available.
Stochastic Production-Exchange Equilibria
This paper examines the role of production and stock markets in a continuous-time stochastic economy. The results include sufficient conditions for the existence of general equilibria: spot price processes and security price processes under which…
Strategic Capability Transfer in Acquisition Integration
This paper presents a grounded theory of the acquisition integration process. The theory proposes that the central element in successful acquisition integration is the transfer of strategic capabilities between firms. A series of interactions…
Strategic Delay in Bargaining
This paper analyzes a bargaining model with incomplete information in which the time between offers is an endogenous strategic variable. We find equilibria involving a delay to agreement that is due to the use of strategic time delay by…
Structural Consistency, Consistency and Sequential Rationality
Abstract not available.
Taking the Workers Back Out: Recent Trends in the Structuring of Employment
Abstract not available.
Taxation and the Dynamics of Corporate Control: The Uncertain Case for Tax Motivated Acquisitions
We develop an analytic framework to examine the familiar claim that the tax system favors corporate acquisitions. The framework is then applied to the three most commonly identified sources of tax gains from acquisitions: the change in asset…
A Test of the Efficiency of a Given Portfolio
A test for the ex ante efficiency of a given portfolio of assets is developed. The relevant statistic has a tractable small sample distribution. Its power function is derived and used to study the sensitivity of the test to the portfolio choice…
The Interrelations of Finance and Economics: Empirical Perspectives
Abstract not available.
The Old and New Export Pessimism: A Critical Survey
Rather ironically, the very success of the East Asian NICS (Newly Industrializing Countries) has evoked a new export pessimism. This paper sorts out the arguments underlying this pessimism and evaluates their credibility. The discussion moves…
Transactions Cost and Portfolio Choice in a Discrete-Continuous Time Setting
This paper makes two modest observations concerning a new formulation of the consumption and portfolio choice model of Merton (1971), with transactions costs. Suppose the agent observes his or her current wealth only when making a transaction,…