Publications

This paper presents the results of research on the effects of organizational level and population or industry-level clocks on organizational mortality rates. It reports estimates of a model in which the effect of organizational age varies by…

Recent research on organizational mortality controls for the effect of age-varying organizational size and yields divergent results. Some studies find that ageing lowers mortality rates; others find the opposite pattern. We argue that this…

In four experiments, it was demonstrated that the expression of racial stereotyping and prejudice is highly affected by perceptions about the extent to which stereotypic beliefs are consensually shared by members of relevant reference groups.…

We propose that face-to-face contact fosters the development of rapport and thereby help negotiators coordinate on mutually beneficial settlements in mixed-motive conflicts. Specifically we test the hypothesis that, in a cooperative climate,…

We review recent literature on competitive reactions and strategic thinking and offer several observations. Evidence is mounting that strategic thinking is an unnatural act, made difficult by natural individual biases and organizational…

Regime-switching models are well suited to capture the non-linearities in interest rates. This paper examines the econometric performance of regime switching models for interest rate data from the US, Germany and the UK. There is strong evidence…

This paper describes behavior conventions that are stable long run outcomes of reinforcement behavior rules in two-person repeated games. Each player plays the repeated game with a fixed but endogenous aspiration, a payoff level that is…

This study tests predictions that pricing multiples on an incremental explanatory power of equity book value (net income) increase (decrease) as financial health decreases. Tests using a sample of 396 bankrupt firms and a larger, pooled sample…

As emerging economic regions (EERs) play a significant role in global economies, managers of multinationals have become increasingly aware of the importance of relevant international expansion in these regions. Facing potential market…

This paper tests whether revaluations of fixed assets by U.K. firms are associated with changes in firms’ underlying economic fundamentals. We find, as predicted, that upwards fixed asset revaluations under U.K. GAAP are significantly positively…

This study investigates how Australian asset revaluations are associated with share prices and non market-based firm value estimates. We find that revalued financial, tangible, and intangible assets can be value-relevant. Although prior research…

This study investigates whether the relevance, reliability, and timeliness of Australian asset revaluation differ across types of assets, including investments, property, plant, and equipment, and intangibles. We also investigate whether they…

Several theories of reputation and herding (see, e.g., Scharfstein and Stein (1990), Zwiebel (1995), and Prendergast and Stole (1996) predict that herding among agents should vary with career concerns. Our goal in this paper is to test for this…

In recent years, the supermarket industry has become increasingly competitive. One outcome has been the proliferation of a variety of pricing formats, and considerable debate among academics and practitioners about how these formats affect…

In recent years, the supermarket industry has become increasingly competitive. One outcome has been the proliferation of a variety of pricing formats, and considerable debate about how these formats affect consumers’ store choice behavior. This…

We argue that a common organizational practice—the hiring new workers via employee referrals—provides key insights into the notion of social capital. Employers who use such hiring methods are quintessential “social capitalists,” viewing workers’…

The purpose of this paper is to examine factors affecting the performance of Japanese overseas subsidiaries. The following five factors are incorporated in the model: subsidiary location, characteristics of parent company, ownership levels and…

This paper addresses the interplay of strategy, organization, and incentives in a global company. The basic framework takes one step further Chandler’s perspective that structure follows strategy by incorporating incentives chosen in response to…