Working Papers

We develop a model of the extent to which multinational companies use global account management, its determinants, and its effect on performance. A study of 165 companies shows that use and performance effects are positively related to customers…

This paper shows that a firm’s ability to provide incentives for profitable innovation may be enhanced if it has a “visionary” CEO. We interpret “vision” likely evolution of the industry. The presence of such a bias is helpful when employees can…

This study investigates how congruence between social and knowledge ties affect group information sharing, specifically, the bias against sharing unique information (Stasser & Titus, 1985). Three-person groups composed of two familiar…

The effects of justice and dispositional attribution on reactions to negative supervisory feedback were examined in two studies. Study 1 showed that criticism delivered with greater interpersonal fairness resulted in more favorable dispositional…

This paper examines the value-relevance of various balance sheet items and earnings streams to the share prices of property-casualty (“P&C”) insurance companies under several alternative valuation model specifications. This study extends…

It appears that volatility in equity markets is asymmetric: returns and conditional volatility are negatively correlated. We provide a unified framework to simultaneously investigate asymmetric volatility at the firm and the market level and to…

This paper presents a dynamic theory of parliamentary governments that incorporates attributes of the institutional system in a country, exogenous events that shape parliamentary and electoral opportunities, and the strategies of the government…

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…

While a considerable amount of research in personality psychology has been done to conceptualize human personality, identify the “Big Five” dimensions, and explore the meaning of each dimension, no parallel research has been conducted on brand…

The behavior of emerging market returns sharply differs from the behavior of developed equity market returns. Whereas forecasts of expected returns and volatilities in emerging markets have been extensively studied, we focus primarily on skewness…

This paper models trading in a dealer market as a two-stage game. In the first page, risk averse dealers compete in a Bertrand fashion for liquidity-motivated public orders. The resulting inventories are private information. In the second stage,…

Commonly chosen combinations of methods choices have restricted organizational culture research. We selected an atypical mix of these choices and used them to develop a Values Audit Survey that used a mix of quantitative and qualitative methods…

The present study provides evidence for two psychological processes that may help explain managers’ reluctance to use worker empowerment practices such as delegation or self-managing teams: 1) a faith in supervision effect, which reflects the…

A number of countries have delayed the opening of their capital markets to international investment because of reservations about the impact of foreign speculators on both expected returns and market volatility. We propose a cross-sectional time-…

This paper examines future directions for MAR. Emphasis is given to promoting efforts that will identify relatively unexplored areas that could make a substantive contribution to knowledge. Specifically, we are interested in research topics that…

Social dominance orientation (SDO) has been found to predict racism, sexism, political conservatism, and a variety of other “hierarchy enhancing” attitudes and behaviors (Pratto, Sidanius, Stallwork, and Malle, 1994). On the basis of system…

This paper studies time-based competition in imperfect securities markets, linking IT investment decisions, information processing delays and trading strategies. At the IT investment stage, traders trade off the cost of IT against their…

Abstract not available.

Most theoretical models of dealer markets conclude that interdealer trade increases the efficiency of trading. Until recently, finance economists have not had access to the data necessary to assess the importance and consequence of interdealer…

The objective of this paper is to investigate how harmonization affects securities market performance. We adopt an investor perspective on the effects of international accounting differences and seek to provide insights potentially relevant to…