Publications

We analyze the efficiency and efficacy of human and intellectual capital investment to better understand the effects of social investment. Existing literature in the corporate setting lacks analysis regarding the impact of human and intellectual…

Intergroup conflict has been conceptualized as a strategic interaction (conflict-as-contest) and separately as a pathological condition (conflict-as-disease). We highlight how insights and tools from the former perspective can potentially inform…

Social norms are the glue that holds society together, yet our knowledge of them remains heavily intellectually siloed. This article provides an interdisciplinary review of the emerging field of norm dynamics by integrating research across the…

Historically, the Centers for Medicare and Medicaid Services (CMS) has formed partnerships with select private sector entities, including large traditional hospital and health system networks, nursing homes, and payer groups. However, innovations…

Online platforms collect rich information about participants and then share some of this information back with them to improve market outcomes. In this paper, we study the following information disclosure problem in two-sided markets: if a…

We use a proprietary database with detailed, employee-specific compensation contract information for rank-and-file corporate accountants who are directly involved in the financial reporting process to assess their influence on their firms’…

The authors of this piece, both professors at Stanford University, devoted eight years to learning about how leaders serve as trustees of others’ time — how they prevent and remove the organizational obstacles that undermine the zeal, damage the…

Grounded in advanced analytical techniques and close relationships with its partners, JD.com, the largest retailer in China based on revenue, is committed to an intelligent, integrated, and resilient supply chain that creates value for all…

We examine how the efficiency of the judicial system impacts corporate innovation. To do so, we exploit a pilot program introduced by the U.S. Congress in 2011, which allowed judges with expertise(as opposed to randomly selected judges) to…

In the past year, Division economists have contributed to the Division’s many investigations and enforcement actions. This review highlights several of the Division’s enforcement efforts that have confronted issues of labor market competition, as…

We consider the role of parental influence on the industry choice of entrepreneurs and the success of their ventures. Almost 75% of male entrepreneurs start a firm in an industry that is the same or closely related to their fathers’ industry of…

In fall 2023, Stanford Graduate School of Business, the Hoover Institution Working Group on Corporate Governance, and the Rock Center for Corporate Governance at Stanford University collaborated with the MSCI Sustainability Institute to survey 47…

Macroprudential, monetary, and fiscal policies are frequently passed through the financial intermediation sector or implemented directly through financial intermediaries (Kashyap and Stein 2000; Hanson, Kashyap, and Stein2011). The modern…

Precedents Thinking — applying past solutions to solve similar problems in a different industry setting — can be applied to what has been the intractable challenge of reducing $265 billion in annual administrative waste in U.S. healthcare. The…

Re-examining field research findings about three critical episodes in Intel Corporation’s evolution we find that when autonomous strategic behavior significantly increased relevant organizational knowledge Intel top management provided sustained…

In this article, we discuss three distinct mindsets that can change how people think about goal success: Thinking about goal success as (a) moving away from the old goal-unattained state; (b) arriving at the new goal-attained state; or (c) a…

We study actual bidding behavior when a new auction format gets introduced into the marketplace. More specifically, we investigate this question using a novel dataset on internet display advertising auctions that exploits a staggered adoption by…

Research on data annotation for artificial intelligence (AI) has demonstrated that biases, power, and culture impact the ways that annotators apply labels to data and subsequently affect downstream AI systems. However, annotators can only apply…

New approaches to corporate purpose have emerged in recent years that hold out the promise of addressing concerns about corporate social responsibility (“CSR”) through shareholder governance, rather than in spite of it. The seminal such approach—…

In this paper, I share a few insights on our remarkable field to explore what creates a beautiful life. I conceptualize that the idea of a “beautiful life” is defined not by transient moments of happiness, but by a profound sense of meaning and…