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SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
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Structural Relations in Organizations: On the Relationship Between Behavior, Belief and Formal Structure
Research concerning organizational structure has reached an impasse. Two approaches to structure research have remained isolated despite their complementary insights and methodologies. In mainstream structure research, organizational structures…
The Effect of Inside Information Upon Corporate Dividend and Financing Policies
Abstract not available.
The Empirical Foundations of The Arbitrage Pricing Theory I: The Empirical Tests
The last thirty years have witnessed great changes in the field of finance associated with institutionally oriented students has been transformed into one dominated by scholars with amore scientific orientation. The Capital Asset Pricing Model (…
The Empirical Foundations of the Arbitrage Pricing Theory II: The Optimal Construction of Basis Portfolios
Abstract not available.
The Present-Minded Professor: Controlling One's Career
Abstract not available.
The Social Construction of Organizations
The literature on institutionalization and formal organizational structure is a diffuse and, at time, unclear body of work. The theory of the social construction of reality [Berger and Luckermann, 1967] is offered as a unifying theoretical…
A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination and Keynesian Unemployment
This paper develops a model of dual labor markets based on employers’ need to motivate workers. In order to elicit effort from their workers, employers may find it optimal to pay more than the going wage. This changes fundamentally the…
Toward An Innovative Capabilities, Audit Framework
Abstract not available.
A Utility-Based Model of Common Stock Price Movements
This paper develops and tests a non-linear utility-based econometric model of the temporal behavior of aggregate stock price movements, based on a constant relative risk aversion utility function and an observable information set consisting of…
Why Do We Have Nominal Government Debt?
The time-consistency literature suggests that there is no reason to have anything but indexed debt. We show that nominal debt provides valuable insurance against the financial effects of economic fluctuations and variations in government…
Riding the Wave: The Culture Creation Process
Previous research portrays founders as culture creators, generating the visions and values that employees come to share. These studies seldom examine the diversity of employees reactions to founders, in part because data have been collected so…
An Economic Theory of Planned Obsolescence
Planned Obsolescence is the production of goods with uneconomically short useful lives so that customers will have to make repeat purchases. However rational customers will pay for only the present value of the future services of a product.…
An Investigation of the Relationship Between Work and Family Size Decisions Over Time
Contrary to earlier work which tended to find that wife’s labor force participation and family size are negatively and causally related, t h e present study finds that the variables are spuriously correlated. More specifically, labor force…
Breaking Up the Mono-Method Monopolies in Organizational Research
Recent discussions of methodology have been dominated by two arguments: that one methodology is generally better than another or that one methodology is better than another for the purpose of addressing a particular theoretical issue. Qualitative…
Collusion Via Switching Costs: How "Frequent -Flyer" Programs, Trading Stamps, and Technology Choices Aid Collusion
Competing brands that are ex ante homogeneous may become, after the purchase of one of them, ex post heterogeneous. The switching costs that differentiate these functionally identical products may be learning costs, transaction costs, or “…
Competitive Equilibria in General Choice Spaces
This paper primarily demonstrates the existence of Arrow-Debreu equilibria in a general class of topological vector spaces of commodity bundles. Two conditions based on production possibilities, preferences, and the topological nature of bounded…
Conjoint Calibration of the Customer/Competitor Interface in Industrial Markets
Abstract not available.
Consumption, Production, Inflation and Interest Rates: A Synthesis
This paper uses discrete-time and contiuous-time models to derive equilibrium relations among real and nominal interest rates and the expected growth, variance and covariance parameters of optimally chosen paths for aggregate real consumption and…