Publications

This note provides the proof of proposition 5 in our paper titled “Dynamics of Rate-of-Return Regulation.”

We present an empirical framework to analyze real-world sales-force compensation schemes and report on a multi-million dollar, multi-year project involving a large contact lens manufacturer in the U.S., where the model was used to improve sales-…

We investigate corporate financial policies in the presence of both temporary and permanent shocks to firms’ cash flows. In our framework, cash flows can be negative and are imperfectly correlated with firm value, and earnings volatility differs…

We study the impact of time-varying macroeconomic conditions on optimal dynamic capital structure for a cross-section of firms. Our structural-equilibrium framework embeds a contingent-claim corporate financing model within a consumption-based…

Recent research finds that producers assigned to multiple categories receive less attention and legitimacy and have lower chances of success and survival. We argue that the effect of category spanning on the reception from the audience…

The corporate information environment develops endogenously as a consequence of information asymmetries and agency problems between investors, entrepreneurs, and managers. We provide a framework for analyzing the three main decisions that shape…

Scholarship on the effects of various kinds of state repression (e.g., counterterrorism, counterinsurgency, protest policing) on subsequent dissent has produced a body of contradictory findings. In an attempt to better understand the effects of…

This paper investigates the market reaction to recent legislative and regulatory actions pertaining to corporate governance. The managerial power view of governance suggests that executive pay, the existing process of proxy access, and various…

An examination of emotions reported on 12 million personal blogs along with a series of surveys and laboratory experiments show that the meaning of happiness is not fixed; instead, it systematically shifts over the course of ones lifetime.…

Despite the centrality of products in many strategic and managerial theoretical frameworks, little is known systematically about how and why specific products come and go from markets. We argue that narrowing this gap will likely enhance…

Consumers often need to exert substantial psychological resources to manage work-related stress, control impulsive spending, and handle financial anxiety. Therefore, consumers are often in a state of regulatory depletion when they are exposed to…

The common heuristic association between scarcity and value implies that more valuable things appear scarcer (King, Hicks, & Abdelkhalik, 2009), an effect we show applies to time. In a series of studies we find that both income and wealth,…