Publications

Venture Capitalists hold extensive control rights over entrepreneurial companies, including the right to fire the entrepreneurs with little severance. I examine why, and under what circumstances, entrepreneurs would voluntarily choose to…

How do boards of directors of large US corporations set the compensation levels for chief executive officers (CEOs)? Economic theories are based on the presumption that an independent board of directors will safeguard shareholders’ interests and…

Three studies tested the hypothesis that people assume that the identities of other people are tied more closely to their distinctive than to their nondistinctive traits. In Studies 1 and 3, subjects predicted the preferences of a target person…

Recent research suggests that the response to sales promotion depends on the price-quality tier of the promoting brand, with high-tier brands tending to gain more share than lower-tier brands (e.g., Blattberg and Wisniewski 1989) We examine the…

Companies often introduce new product features in order to differentiate their brands and gain a competitive advantage. In this research we investigate factors that moderates the impact of a new feature on brand choice. Building on two…

This study investigates coefficient bias and heteroscedasticity resulting from scale differences in accounting levels-based research designs analytically and using simulations based on accounting data. Findings indicate that including a scale…

Writing as a Struggle for Intellectual Dominance. 

Organizational culture is a topic that has brought to the surface fundamental theoretical, methodological, epistemological, and political disagreements. Such disagreements could be…

After reviewing traditional antitrust classifications of agreements, Professors Baxter and Kessler conclude that these labels are unhelpful and misleading. The classification of an agreement as “horizontal” or “vertical” provides little guidance…

This paper analyzes intraday patterns for U.K. and U.S. trading of British cross-listed stocks. For each market, the intraday patterns for these stocks closely resemble those of otherwise similar, non-cross-listed stocks. There is a two-hour…

In their 1981 model, Stiglitz and Weiss demonstrated that there may be credit rationing in markets with adverse selection. Work by Cho and DeMeza and Webb has subsequently shown that rationing would disappear in the 1981 model if entrepreneurs…

SFAS 107 fair value estimates are significant in explaining bank share prices beyond book values. In particular, securities, loans, and long-term debt are value-relevant, although deposits and off-balance sheet items are not. The core deposit…

This paper discusses how institutionalized practices and structures contribute to sex inequality in universities, gendered definitions of faculty jobs and gendered limitations to knowledge in the field of organizational studies. This analysis…

Two studies tested the hypothesis that organizational decision makers attempt to counterbalance contribution-based distributions of financial/material rewards (a “merit” system that creates monetary inequality) with need- and equality-based…

The Japan-America Alliances and Partnerships Project has been investigating business alliances and partnerships between U.S. high-technology ventures and Japanese corporations. The purpose of the project is to promote better understanding of the…