Publications

The Bass seminars at the Stanford University Graduate School of Business offer faculty and small groups of students the opportunity to interact in highly focused and intense ways on research topics of common interest. Our S373 Bass seminar…

This study investigates a particularly brazen form of corporate abuse, in which controlling shareholders use intercorporate loans to siphon billions of RMB from hundreds of Chinese listed companies during the 1996 to 2006 period.  We…

We study how much of the top end of the income distribution is represented by four sectors—non-financial-firm top executives (Main Street); investment bankers and hedge, private equity, and mutual fund investors (Wall Street); corporate…

In summary, we find evidence that firms in developing countries are often badly managed, which substantially reduces their productivity. This appears particularly important in larger firms (100+ employees), which are operationally complex so that…

We examine whether the likelihood of entrepreneurial activity is related to the prior career experiences of an individual’s coworkers, using a unique matched employer–employee panel data set. We argue that coworkers can increase the likelihood…

The study of cohesive subgroups is an important aspect of social network analysis. Cohesive subgroups are studied using different relaxations of the notion of clique in a graph. For instance, given a graph and an integer k, the maximum…

Objectives. A 1993 study found a 25% higher risk of death among uninsured compared with privately insured adults. We analyzed the relationship between uninsurance and death with more recent data.

Methods. We conducted a survival analysis…

The authors argue that the strength of the relationship between income and happiness can be influenced by exposure to organizational practices, such as being paid by the hour, that promote an economic evaluation of time use. Using cross-sectional…

I analyze a manager’s optimal earnings forecasting strategy and optimal earnings management policy in a setting where both the mean and the variance of the distribution generating the firm’s cash flows are unknown. The analysis shows that the…

We study a rental system where a fixed number of heterogeneous users rent one product at a time from a collection of reusable products. The online DVD rental firm Netflix provides the motivation. We assume that rental durations of each user are…

The authors propose that participation in market research can determine consumers’ experiences with and evaluations of marketing services/products. Building on and extending a prior finding that expectation to evaluate a service (or product)…

By generalizing the Leland and Pyle (1977) model to the case of multiple correlated assets, this paper studies the signaling and hedging behavior of an intermediary who sells multiple assets in financial markets. Based on information asymmetry,…

Politicians vary in both their competence and their policy preferences. We show that how voters trade off competence against ideological congruence has key implications for the type of representation incumbents provide. When voters privilege…

The probability of extreme default losses on portfolios of U.S. corporate debt is much greater than would be estimated under the standard assumption that default correlation arises only from exposure to observable risk factors. At the high…

Using qualitative data collection methods, mainly in-depth interviews, this study investigated the complex, fluid, strategic, and reciprocal relationships between Internet use, group identity, and political participation in a Taiwanese American…

Consumers are constantly exposed to subtle situational cues that can influence behavior by priming either goals or “mere” semantic representations such as personality traits. However, little is known about when exactly such priming leads to goal…