Publications

We empower faculty to design and discover original research that challenges conventions and creates breakthroughs that push boundaries of knowledge.

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Journal Articles

View peer-reviewed research by Stanford GSB faculty, published in leading journals across the business disciplines.

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View books written or edited by Stanford GSB faculty, from textbooks to books for a wider audience.

Working Papers

View scholarly works-in-progress by Stanford GSB faculty, which often appear in final form in academic journals.

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View abstract and ordering information for case studies written and published by faculty at Stanford GSB.

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Journal Article

Brokering in Hierarchies versus Networks: How Organizational Structure Shapes Social Relations

Adiel Moya, Josephine Chow Ying Tan, Nir Halevy
Journal of Experimental Social Psychology November2023 Vol. 109

Individuals often engage in brokering behaviors intended to influence other people’s interactions and relationships. An open research question in the nascent literature on brokering as a social process concerns its situational antecedents. We…

Journal Article

Control Variables in Interactive Models

Ed deHaan, James R. Moon, Jr., Jonathan E. Shipman, Quinn T. Swanquist, Robert L. Whited
Journal of Financial Reporting November2023 Vol. 8 Issue 2 Pages 77–85.

Accounting studies often examine whether the relation between X and Y varies with a moderating variable, M, by including an interactive term, X × M, in a regression. We provide plain-English guidance…

Journal Article

Creating a Policy-Oriented Organization Science: Expanding on Aguinis, Jensen, and Kraus

Jeffrey Pfeffer
Academy of Management Perspectives November2023 Vol. 37 Issue 4

The relative scarcity of policy-relevant research is the inevitable result of editorial policies pursued by most if not all of the highest status management and organization science journals. Ironically, there are a plethora of policy-oriented…

Working Paper

Credit Cycles, Firms, and the Labor Market

Michael Blank, Omeed Maghzian
November2023

We use administrative data from the U.S. Census Bureau to estimate the causal effects of loose credit conditions on firm employment and worker earnings. To obtain quasi-random variation in firms’ exposure to credit booms, we exploit the…

Journal Article

Disclosing a Random Walk

Ilan Kremer, Amnon Schreiber, Andrzej Skrzypacz
The Journal of Finance November2023

We examine a dynamic disclosure model in which the value of a firm follows a random walk. Every period, with some probability, the manager learns the firm’s value and decides whether to disclose it. The manager maximizes the market perception of…

Journal Article

Dynamic Trade Finance in the Presence of Information Frictions and FinTech

Hau L. Lee, Christopher Tang, S. Alex Yang, Yuxuan Zhang
Manufacturing & Service Operations Management November2023 Vol. 25 Issue 6 Pages 1999–2370.

Problem Definition: The paper focuses on an innovative bank-intermediated trade finance contract, which we call dynamic trade finance DTF, under which banks dynamically adjust loan interest rates as an order passes…

Journal Article

Effects of a U.S. Supreme Court Ruling to Restrict Abortion Rights

Chelsey S. Clark, Elizabeth Levy Paluck, Sean J. Westwood, Maya Sen, Neil Malhotra, Stephen Jessee
Nature Human Behaviour November2023

Previous research focused on popular U.S. Supreme Court rulings expanding rights; however, less is known about rulings running against prevailing public opinion and restricting rights. We examine the impact of the Dobbs v. Jackson Women’s…

Working Paper

Evaluating Treatment Prioritization Rules via Rank-Weighted Average Treatment Effects

Steve Yadlowsky, Scott Fleming, Nigam Shah, Emma Brunskill, Stefan Wager
November2023

There are a number of available methods for selecting whom to prioritize for treatment, including ones based on treatment effect estimation, risk scoring, and handcrafted rules. We propose rank-weighted average treatment effect (RATE) metrics as…

Journal Article

Financing the Gig Economy

Greg Buchak
The Journal of Finance November2023

Unlike traditional firm production, gig economy workers provide their own physical capital. As a consequence, the low-income households for whom gig economy opportunities are most valuable often borrow to participate. In the context of ride share…

Journal Article

Fiscal Capacity: An Asset Pricing Perspective

Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, Mindy Z. Xiaolan
Annual Review of Financial Economics November2023 Vol. 15 Pages 197–219.

This review revisits the literature on fiscal capacity using modern tools from asset pricing. We find that properly accounting for aggregate risk substantially reduces fiscal capacity. In this environment, the gap between the risk-free rate and…

Journal Article

General Manager and Head Coach Exits in the NBA and the NFL

George Foster, Norm O’Reilly, Jim Best Devereux, Matias Shundi
Emerald Insight November2023

Purpose

This article seeks to enhance the understanding as to why head coaches and general managers (GMs) in the National Basketball Association (NBA) and the National Football League (NFL) exit from their positions.

Design/…

Working Paper

Generative AI at Work

Erik Brynjolfsson, Danielle Li, Lindsey R. Raymond
November2023

New AI tools have the potential to change the way workers perform and learn, but little is known about their impacts on the job. In this paper, we study the staggered introduction of a generative AI-based conversational assistant using data from…

Working Paper

Informing Entrepreneurs? Initial Public Offerings and New Business Formation

John Manuel Barrios, Jung Ho Choi, Yael V. Hochberg, Jinhwan Kim, Miao Liu
November2023

We examine the relationship between public firm disclosure and aggregate new business formation. Consistent with the notion that public company disclosures provide information spillovers that reduce the extent of uncertainty about new…

Journal Article

Low-Intensity Fires Mitigate the Risk of High-Intensity Wildfires in California’s Forests

Xiao Wu, Erik Sverdrup, Michael D. Mastrandrea, Michael W. Wara, Stefan Wager
Science Advances November2023 Vol. 9 Issue 45

The increasing frequency of severe wildfires demands a shift in landscape management to mitigate their consequences. The role of managed, low-intensity fire as a driver of beneficial fuel treatment in fire-adapted ecosystems has drawn interest in…

Journal Article

Monitor Reputation and Transparency

Iván Marinovic, Martin Szydlowski
American Economic Journal: Microeconomics November2023 Vol. 15 Issue 4 Pages 1–67.

We study the disclosure policy of a regulator overseeing a monitor with reputation concerns. The monitor faces a manager, who chooses how much to manipulate based on the monitor’s reputation. Reputational incentives are strongest for intermediate…

Working Paper

Novelty in Content Creation: Experimental Results Using Image Recognition on a Large Social Network

Justin Huang, Rupali Kaul, Sridhar Narayanan
November2023

Social networks utilize award recognition and front pages to motivate user content creation, facilitate consumer discovery of content, and provide attention and recognition to the best content. Past research shows that such attention and…

White Paper

Preparing for Generative AI in the 2024 Election: Recommendations and Best Practices Based on Academic Research

Ethan Bueno de Mesquita, Brandice Canes-Wrone, Andrew B. Hall, Kristian Lum, Gregory J. Martin, Yamil Ricardo Velez
Stanford Graduate School of Business and the University of Chicago Harris School of Public Policy November2023

The rapid development of generative AI technology is transforming the political landscape, presenting both challenges and opportunities for the 2024 US election. This document provides a research-based overview of the potential impact of…

Working Paper

Proportional Response: Contextual Bandits for Simple and Cumulative Regret Minimization

Sanath Kumar Krishnamurthy, Ruohan Zhan, Susan Athey, Emma Brunskill
November2023

In many applications, e.g. in healthcare and e-commerce, the goal of a contextual bandit may be to learn an optimal treatment assignment policy at the end of the experiment. That is, to minimize simple regret. However, this objective remains…

Journal Article

Proportional Response: Contextual Bandits for Simple and Cumulative Regret Minimization

Sanath Kumar Krishnamurthy, Ruohan Zhan, Susan Athey, Emma Brunskill
Advances in Neural Information Processing Systems 36 (NeurIPS 2023) November2023

In many applications, e.g. in healthcare and e-commerce, the goal of a contextual bandit may be to learn an optimal treatment assignment policy at the end of the experiment. That is, to minimize simple regret. However, this objective remains…

Journal Article

Revealed versus Potential Spatial Accessibility of Healthcare and Changing Patterns during the COVID-19 Pandemic

Kristina Gligorić, Chaitanya Kamath, Daniel J. Weiss, Shailesh Bavadekar, Yun Liu, Tomer Shekel, Kevin A. Schulman, Evgeniy Gabrilovich
Communications Medicine November2023 Vol. 3 Issue 1

Spatial access to healthcare facilities (i.e., how long people need to travel to reach care) is important for understanding public health, but hard to measure. Most research so far has focused on theoretical (potential) travel times. Using…