Publications

Using a large multi-country multi-industry sample of over 158,000 companies, the early-stage company sector is documented to have sizable destruction of revenues and jobs and as well as sizable gross creation of revenues and jobs. The…

Statistical default models, widely used to assess default risk, fail to account for a change in the relations between different variables resulting from an underlying change in agent behavior. We demonstrate this phenomenon using data on…

While new biologics have revolutionized the treatment of age-related macular degeneration—the leading cause of severe vision loss among older adults—these new drugs have also raised concerns over the economic impact of medical innovation. The two…

We estimate how households trade off immediate costs and uncertain future benefits that occur in the very long run, 100 or more years away. We exploit a unique feature of housing markets in the United Kingdom and Singapore, where residential…

This article studies the interplay of U.S. primary and general elections. I examine how the nomination of an extremist changes general-election outcomes and legislative behavior in the U.S. House, 1980–2010, using a regression discontinuity…

Judging others’ personalities is an essential skill in successful social living, as personality is a key driver behind people’s interactions, behaviors, and emotions. Although accurate personality judgments stem from social-cognitive skills,…

Which budgetary institutions result in efficient provision of public goods? We analyze a model with two parties bargaining over the allocation to a public good each period. Parties place different values on the public good, and these…

Conflict situations present interaction partners with opportunities to behave cooperatively or competitively. Conflict templates (CTs) capture interaction partners’ perceptions of the relationships between their actions and outcomes. Study 1…

Yes, it did. We use exogenous variation in banks’ incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares…

In Morrison v. National Australia Bank Ltd., the U.S. Supreme Court limited investors’ ability to bring private Rule 10b-5 securities fraud actions to cases involving securities purchased on a U.S. stock exchange or otherwise purchased in the…

Within organizational theory, the term intergroup relations refers to individual interactions involving members from different groups, as well as the collective behavior of groups in interaction with other groups at either the intra- or inter-…

This paper develops a dynamic two-country neoclassical stochastic growth model with incomplete markets. Short-term credit flows can be excessive and reverse suddenly. The equilibrium outcome is constrained inefficient due to pecuniary…

Older wealthholders spend down assets slowly. To study this pattern, the paper introduces health-dependent utility into a model in which different preferences for bequests, expenditures when in need of long-term care (LTC), and ordinary…

The current paper investigates two basic strategies that men use to recover from masculinity threats: (i) avoiding stereotypically feminine preferences and (ii) exaggerating their masculinity. In two experiments, males were either given false…

The regression discontinuity (RD) design is a valuable tool for identifying electoral effects, but this design is only effective when relevant actors do not have precise control over election results. Several recent papers contend that such…

Politics are a ubiquitous and significant feature of organizational life. This entry provides a brief definition of the concept of organizational politics, as well as an overview of the current state of knowledge regarding the antecedents and…

Power is a central concept in the field of management sciences and the study of organizational behavior. In this article, we define the concept of power and review the state of current research on its antecedents or bases, as well as its…

Intangible assets and intellectual property (IP) are increasingly important in today’s knowledge-based economy. Yet, all too often protection of a company’s intellectual capital is controlled by the legal department, with most companies failing…

We analyze the causal impact of competition on managerial quality and hospital performance. To address the endogeneity of market structure we analyze the English public hospital sector where entry and exit are controlled by the central…

Research across disciplines presumes that market categories will have strong boundaries. Categories without well-defined boundaries typically are not useful so are expected to fade away. We suggest many contexts contain lenient market…