Publications

This paper examines the impact of trade liberalization episodes on movements of labor across sectors. The aim is to evaluate the empirical support for two classes of models: those where the effects of trade are mediated by structural change, and…

In the setting of ‘affine’ jump-diffusion state processes, this paper provides an analytical treatment of a class of transforms, including various Laplace and Fourier transforms as special cases, that allow an analytical treatment of a range of…

Studies of reasoning by majority and minority members show that group members in the majority think more about the trade-offs associated with alternative decision outcomes than do group members in the minority, who are more single-minded in…

This paper examines empirical evidence on the impact that venture capitalists have on the development path of new firms. We use a hand-collected data set on Silicon Valley start-up companies that allows us to “look inside the black box” and…

Venture capital firms have unique capabilities in terms of dealing with high uncertainty, high degrees of information asymmetry, and providing access to a strategic network. This study examines the association between the presence of venture…

Incentives for profitable innovation may be enhanced by employing a “visionary” CEO whose “vision” biases him in favor of certain projects. CEO vision changes which projects get implemented and thus affects the incentives of employees who can be…

This study investigated the consequences of temporary membership changes for itinerant members (who leave their group of origin temporarily to visit a foreign work group) and indigenous members of those origin and foreign groups. We tested the…

Although several attempts were made in the 1950s and 1960s to develop a demography of organizations, none were successful. While recent work shows more promise, it is still the case that organizational demography does not really exist, either as…

The number of small specialty brewers in the U.S. beer brewing industry has increased dramatically in recent decades, even as the market for beer became increasingly dominated by mass-production brewing companies. Using the resource-partitioning…

We find, as predicted, that the differential ability of accrual and cash flow components of earnings to help forecast future abnormal earnings and the persistence of the components result in the components having different valuation implications…

The article discusses approaches to validation of multiattribute choice models. Commonly used validation techniques include cross-validation on holdout profiles and tests of consistency against current market conditions. The article proposes an…

Firms with more intangible assets are more likely to repurchase shares and have more positive repurchase announcement returns, as predicted. Because intangibles generally are unrecognized, share repurchases represent a potential cost to an…

We study whether boards of directors concentrate on performance near compensation decision times rather than providing consistent incentives for chief executive officers (CEO) throughout the fiscal year. We show empirically that managers…

Special turn of the millennium issue of Journal of Marketing designed to set the course of the marketing field for the early 21st century.

Four fundamental issues serve to establish the identity of…

We study the consequences of hospital competition for Medicare beneficiaries’ heart attack care from 1985 to 1994. We examine how relatively exogenous determinants of hospital choice such as travel distances influence the competitiveness of…

Despite extensive academic research on how to identify competitors objectively, marketers know relatively little about how managers identify competitors in practice. The authors bring together diffuse literature in this area and propose a…