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Understanding Safety Under High Workload: Adaptive Behavior and Safety-II Mechanisms in Healthcare
Understanding how workload shapes error occurrence remains a central challenge in safety research, particularly in complex service systems characterized by dynamic workflows and incomplete error reporting. From a Safety-I perspective, heavier…
Strategy and Risk Oversight
One of the primary responsibilities of the board of directors is to monitor the strategy and risk of the corporation. This Quick Guide provides a concise introduction to corporate strategy, key performance measures, and risk management. It…
Level Up: Why Hierarchies Are Broken and How to Fix Them
Workplace hierarchies often evoke fear, anger, and envy in employees who feel caught in competition with coworkers and under relentless pressure from dominant bosses. The ensuing uncertainty and instability harm employee well-being and undermine…
Can Explanations Improve Recommendations? Evidence from Prediction-Informed Explanations
Recommender systems are central to how modern digital platforms match consumers with content, yet state-of-the-art models are often black-box, limiting their interpretability and adoption in many business settings. Existing explainable AI…
Board of Directors: Duties and Liabilities
The board of directors plays a central role in the corporate governance system. All countries require that publicly listed companies have a board. While their attributes vary across nations, they universally share common responsibilities.
…
Board of Directors: Selection, Compensation, and Removal
A board of directors requires professionals with a diverse mix of managerial, functional, and other specialized knowledge in order to properly advise and oversee management. This Quick Guide reviews the process by which companies select,…
Board of Directors: Structure and Consequences
The board of directors is generally described in terms of its prominent structural attributes, including size, composition, and independence. This Quick Guide examines the importance of these, and whether they contribute to board effectiveness…
CEO Compensation
A company offer a competitive compensation arrangement in order to attract, retain, and motivate a qualified CEO to manage the organization.
This quick guide examines the elements of executive compensation and the process by which the…
CEO Succession Planning
The board of directors is responsible for ensuring that correct management is in place to run the organization. This includes hiring, evaluating, and — when circumstances merit — removing or replacing the chief executive officer.
This…
Equity Ownership
A company offers equity incentives to encourage CEOs to take actions that are in the interest of shareholders. At the same time, equity incentives have the potential to encourage undesirable behaviors.
This Quick Guide examines the effects…
International Corporate Governance
The governance system that a company adopts is not independent of its environment. Instead, it is shaped by a variety of factors inherent to the business setting. This Quick Guide explains the factors that shape governance systems around the…
Who Directs the Control Tower? Customer vs. Supplier-Managed Inventory in Supply Chains
Information distortion and incentive misalignment often undermine supply chain performance. In response, many firms adopt a “control tower” approach, whereby one party assumes responsibility for replenishment decisions across the supply chain.…
Neymanian Inference in Randomized Experiments
In his seminal 1923 work, Neyman studied the variance estimation problem for the difference-in-means estimator of the average treatment effect in completely randomized experiments. He proposed a variance estimator that is conservative in general…
The Importance of Financial and Risk Literacy: Lessons from Many Years of Data
Financial literacy has been measured systematically in the USA for more than two decades, beginning with the development of the Big Three financial literacy questions on compound interest, inflation, and risk diversification. This article reviews…
An Empirical Framework for Testing Theories About Complementarity in Organizational Design
This paper studies alternative empirical strategies for testing for complementarity in organizational design. We study a model where firms choose whether or not to adopt multiple organizational practices, and these choices interact to determine…
Can a Public Information Campaign Increase Trust in American Elections?
Confidence in the conduct and results of American elections has declined and polarized along party lines in recent years. Can a nonpartisan public information campaign featuring election officials enhance trust in elections when delivered to…
Complementary Climate Policies for Supply and Demand
The traditional approach to climate policy is to regulate the demand side, for example through an emissions fee. Supply-side regulation has received less attention. The two instruments are perfect substitutes in the first best but we show that…
2026 CEO Activism Survey
In the summer of 2026, the Stanford Graduate School of Business, the Rock Center for Corporate Governance at Stanford University, and the Governance of Organizations Working Group at the Hoover Institution at Stanford University jointly conducted…
Labor and Corporate Information Environment
Accounting research has long centered on executives and directors as drivers of the corporate information environment; recent work considers the rank-and-file employees who also drive it. We survey the growing literature at the intersection of…
Cutting Through the Noise: Mention of Social Ties Drives Higher Influencer Engagement
Jae Chung, Yu Ding, and Ajay Kalra reveal how personal storytelling, social connections, and emotional expression on social media can dramatically boost audience engagement, increasing viewer’s interactions and their perception of influencers as…