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.
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A Theory of Corporate Venture Investing
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…
Too Much of a Good Thing? Product Proliferation and Organizational Failure
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…
Underwriting Relationships and Analysts' Earnings Forecasts and Investment Recommendations
This paper examines the effect of investment banks’ underwriting relationships on the earnings forecasts and recommendations of their financial analysts.
Women and Power: Conformity, Resistance, and Disorganized Co-Action
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…
Strategic alliances : contrasting Korean/US preferences
Bank Underwriting of Debt Securities: Modern Evidence
This paper examines recent evidence on the characteristics and pricing of debt securities underwritten by Section 20 subsidiaries (referred to as banks) of U.S. commercial bank holding companies compared to those underwritten by investment…
Building Store Loyalty through Store Brands
In this paper we study the role of the store brand in building store loyalty. Through a game theoretic approach we show how the store brand can create store differentiation leading to superior profits for the retailers. More specifically, we show…
Bundling Information Goods: Pricing, Profits and Efficiency
We analyze pricing strategies for digital information goods, such as those increasingly available via the Internet. Because perfect copies such goods can be created and distributed almost costlessly, any single positive price for copies is…
Comparison of Some AI and Statistical Classification Methods for a Marketing Case
Recent progress in data processing technology has made the accumulation and systematic organization of large volumes of data a routine activity. As a result of these developments, there is an increasing need for data-based or data-driven methods…
Competitive Reputations, Multimarket Competition and Entry Deterrence
This research examines how a market incumbent’s competitive reputation with a potential entrant can deter market entry in the context of multimarket competition. The authors use a judgment experiment to examine this relationship. In a setting…
Conflicts of Interest, Intermediation, and the Pricing of Underwritten Securities
When commercial banks both lend to, and underwrite securities for a firm, does this result in higher or lower prices for the underwritten securities, compared to investment houses’ underwritings? Investment houses have an incentive to…
Demand for Computer Products and Services by Large European Organizations
Abstract not available.
Does It All Add Up? Benchmarks and the Compensation of Active Portfolio Managers
This paper we examine theoretically the use of benchmark portfolios in the compensation of privately informed portfolio managers. We find that the use of a benchmark, and particularly the types of benchmarks often used benchmark-adjusted…
Entry and Predation: British Shipping Cartels 1879-1929
I examine the outcomes of cases of entry by merchant shipping lines into established markets around the turn of the century. These established markets are completely dominated by an incumbent cartel composed of several member shipping lines.…
Equilibrium Interest Rate and Liquidity Premium with Transaction Costs
In this paper we study the effects of transaction costs on asset prices. We assume an overlapping generations economy with two riskless assets. The first asset is liquid while the second asset carries proportional transaction costs. We show that…
Evolving Null Hypotheses and the Base Rate Fallacy: A Functional Interpretation of Scientific Myth
The meaning of an experimental result depends on the experiment’s conceptual backdrop, particularly its null hypothesis. This observation provides the basis for a functional interpretation of belief in the base rate fallacy. On this…
Factors Influencing Firms' Disclosures about Environmental Liabilities
This paper examines factors related to environmental liability disclosure decisions for firms in industries with substantial Superfund site involvement. We hypothesize that the extent of disclosure about environmental liabilities is associated…
Getting A Job: Networks and Hiring in a Retail Bank
A significant strand of research on the job-person matching process has focused on the role of social networks in the hiring process. Past empirical studies of the comparative effectiveness of recruiting sources for getting jobs have started with…
Global Strategy and Organization
This paper investigates the fit between strategy and structure for a decentralized global firm that may organize along product and geography dimensions. Organization serves two purposes. First, it provides for the management of spillovers across…
Growth Cycles
We construct a rational expectations model in which aggregate growth alternates between a low growth and a high growth state. When all agents expect growth to be slow, the returns on investment are low and little investment take place. This slows…