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Winning Through Innovation: A Practical Guide to Leading Organizational Change and Renewal
Winning through Innovation reveals why short-term corporate success often increases the chances of long-term failure. To avoid this success syndrome, managers must learn to sustain incremental change while simultaneously leading…
The Effects of In-group Versus Out-group Social Comparison on Self-esteem in the Context of a Negative Stereotype
Upward comparison with members of an in-group can be both enhancing and threatening to self-esteem (Brewer & Weber, 1994). According to Tesser’s (1986, 1988) self-evaluation maintenance model (SEM), the superior performance of in-group…
The dynamics of cultural influence networks
This article investigates the behavior of cultural influence networks over time, using a computer simulation based on a formal model of cultural transmission in organizations. In the formal model, every organizational member exerts some cultural…
Sorting, Quotas, and the Civil Rights Act of 1991: Who Hires When It’s Hard to Fire?
Can Mixed Emotions Peacefully Co-Exist?
This research sheds insight on the psychological impact of mixed emotions on attitudes. In three experiments, we show that persuasion appeals that highlight conflicting emotions (e.g., both happiness and sadness) lead to less favorable…
Committing Altruism under the Cloak of Self-Interest: The Exchange Fiction
Two field studies tested the hypothesis that people’s willingness to help a charitable organization is greater when the act is presented as an economic transaction than when it is presented as an act of charity. In Study 1 participants donated…
Expectation puzzles, time-varying risk premia, and affine models of the term structure
Linear projections of returns on the slope of the yield curve have contradicted the implications of the traditional “expectations theory”. This paper shows that these findings are not puzzling relative to a large class of richer dynamic…
Feminist Theory and Critical Theory: Unexplored Synergies
Although both feminist theory and critical theory focus on social and economic inequalities, and both have an agenda of promoting system change, these fields of inquiry have developed separately and seldom draw on each other’s work. This paper…
Meta-theoretical Controversies in Studying Organizational Culture
To understand the contemporary state of organizational culture theory and research, it is necessary to grapple with some of the major intellectual disputes that have swept through the humanities and social sciences in recent years. Some…
Monotone Comparative Statics Under Uncertainty
This paper analyzes monotone comparative statics predictions in several classes of stochastic optimization problems. The main results characterize necessary and sufficient conditions for comparative statics predictions to hold based on properties…
The Academic Marathon: Managing the Academic Career
When you pride yourself on your research record, it is unnerving indeed to discover that one of the most frequently cited papers you have ever written is a “how-to” piece. Since 1987, when we published the first version of this chapter, we have…
Perspective: Ten Years of Experience Teaching a Multi-Disciplinary Product Development Course
Integrated Design for Marketability and Manufacturing (IDMM at Stanford) is an Integrated Product Development course (IPD at Michigan) that is distinguished by hands-on manufacture of customer-ready prototypes executed by cross-disciplinary…
Are Voters Rational? Evidence from Gubernatorial Elections
Standard agency theory suggests that rational voters will vote to re-elect politicians who deliver favorable outcomes. A second implication is that rational voters will not support a politician because of good outcomes unrelated to the…
Ascending Auctions with Package Bidding
A family of ascending package auction models is introduced in which bidders may determine their own packages on which to bid. In the proxy auction (revelation game) versions, the outcome is a point in the core of the exchange economy for the…
Bank Borrowers and Loan Sales: New Evidence on the Uniqueness of Bank Loans
This paper examines the information content of the announcement of a sale of a borrower’s loans by its lending bank. We find significant negative stock returns for the borrower on the loan sale announcement, particularly for sub-par loan sales,…
Banks as Catalysts for Industrialization
Much of the recent growth and development literature is based on the notion that economies may exhibit multiple equilibria. An economy may get stuck in a vicious circle of poverty as a result of a coordination failure. Little attention has been…
Borders and Growth
This paper presents a framework to understand and measure the effects of political borders on economic growth and per capita income levels. We present a model providing a theoretical foundation to estimate empirically the effects of political…
Can Mixed Emotions Peacefully Co-Exist?
This research sheds insight on the psychological impact of mixed emotions on attitudes. In three experiments, we show that persuasion appeals that highlight conflicting emotions (e.g., both happiness and sadness) lead to less favorable attitudes…
Capital Account Liberalization: Allocative Efficiency or Animal Spirits?
In the year that capital-poor countries open their stock markets to foreign investors, the growth rate of their typical firms capital stock exceeds its pre-liberalization mean by 4.1 percentage points. In each of the next three years the average…
A Capital Idea: Total Foundation Asset Management and The Unified Investment Strategy
This paper presents the perspective that the purpose of foundations is not simply to engage in grant making, but rather to invest in the creation of social value. The idea is also presented that available foundation assets for supporting this…