Publications

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Journal Articles

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

Books

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.

Case Studies

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

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Working Paper

Organizational Structure and Decision-Making in Corporate Venture Capital

Ilya A. Strebulaev, Amanda Wang
November2021

This paper studies corporate venture capital (CVC) units of large US corporations to learn how they make decisions across several areas: internal organization of CVC units, relationships with parent companies, CVC unit objectives, investment…

Journal Article

Risky Corporate Bonds in 2021: A Bubble, or Rational Underwriting in a Low-Rate Environment?

Edward I. Altman, Mike Harmon
The Journal of Portfolio Management November2021

In response to the pandemic, the Federal Reserve and US Treasury aggressively supported the corporate debt markets in 2020, both through easy monetary policy and direct participation. As the economy recovered, the Fed maintained an easy monetary…

Journal Article

Robust Benchmark Design

Darrell Duffie, Piotr Dworczak
Journal of Financial Economics November2021 Vol. 142 Issue 2 Pages 775–802.

We model the design of a benchmark fixing as an estimator of fair market value. The fixing data are the transactions of agents whose profits depend on the fixing, implying incentives for manipulation. We derive the optimal linear fixing under an…

Journal Article

The Power of Referential Advice

Steven Callander, Nicolas S. Lambert, Niko Matouschek
Journal of Political Economy November2021 Vol. 129 Issue 11

Expert advice often extends beyond a simple recommendation, including information about alternative options. To explore the role of this referential advice, we enrich the expert’s informational advantage in a canonical model of communication with…

Journal Article

The Primacy of Communality in Humanization

Charles Chu, Ashley Martin
Journal of Experimental Social Psychology November2021 Vol. 97

Ascribing and denying humanity has profound consequences, often leading to devastating outcomes (e.g., violence, genocide). As such, understanding what, exactly, makes “someone human” becomes imperative. In this paper, we leverage the ubiquitous…

Journal Article

The Primacy of Gender: Gendered Cognition Underlies the Big Two Dimensions of Social Cognition

Ashley Martin, Michael L. Slepian
Perspectives on Psychological Science November2021 Vol. 16 Issue 6 Pages 1143–1158.

It is notable that across distinct, siloed, and disconnected areas of psychology (e.g., developmental, personality, social), there exist two dimensions (the “Big Two”) that capture the ways in which people process, perceive, and navigate their…

Journal Article

The Reduction of Race and Gender Bias in Clinical Treatment Recommendations Using Clinician Peer Networks in an Experimental Setting

Damon Centola, Douglas R. Guilbeault, Urmimala Sarkar, Elaine Khoong, Jingwen Zhang
Nature Communications November2021 Vol. 12

Bias in clinical practice, in particular in relation to race and gender, is a persistent cause of healthcare disparities. We investigated the potential of a peer-network approach to reduce bias in medical treatment decisions within an…

Journal Article

Vehicle Maintenance Contracting in Developing Economies: The Role of Social Enterprise

Li Chen, Sang-Hyun Kim, Hau L. Lee
Manufacturing & Service Operations Management November2021 Vol. 23 Issue 6 Pages 1651–1668.

Problem Definition

Difficulties in healthcare delivery in developing economies arise from poor road infrastructure of rural communities, where the bulk of the population resides. Although motorcycles are an effective means…

Working Paper

Where the Blame Lies: Unpacking Groups Shifts Judgments of Blame in Intergroup Conflict

Nir Halevy, Ifat Maoz
October282021

Whom do individuals blame for intergroup conflict? Do people attribute responsibility for intergroup conflict to the in-group or the out-group? Theoretically integrating the literatures on intergroup relations, moral psychology, and judgment and…

Journal Article

Patient Engagement in System Redesign Teams: A Process of Social Identity

Mariam Krikorian Atkinson, James C. Benneyan, Russell S. Phillips, Gordon D. Schiff, Lindsay S. Hunt, Sara Singer
Journal of Health, Organization and Management October262021 Vol. 36 Issue 3 Pages 293–313.

Studies demonstrate how patient roles in system redesign teams reflect a continuum of involvement and influence. This research shows the process by which patients move through this continuum and effectively engage within redesign projects.

Journal Article

Contemporary U.S. Policymaking

David P. Baron
Quarterly Journal of Political Science October182021 Vol. 16 Issue 4 Pages 429–465.

This paper presents a model with a legislature, courts, and an executive that can take unilateral action. The legislature is polarized, and when government is divided, parties or factions bargain over legislation, understanding that failure can…

Journal Article

The Effects of Racial Status Threat on White Americans’ Support for Donald Trump: Results of Five Experimental Tests

Sheridan Stewart, Robb Willer
Group Processes & Intergroup Relations October182021

Prior theory and research suggest that threats to the status of White Americans may increase support for Donald Trump. Consistent with this, one previous experiment conducted in early 2016 documented this effect (Major et al., 2018), finding that…

Stanford Closer Look

Are Narcissistic CEOs All That Bad?

David F. Larcker, Charles A. O’Reilly, Brian Tayan, Anastasia A. Zakolyukina
Stanford Closer Look Series Corporate Governance Research Initiative October72021

The role that a CEO’s personality plays in corporate outcomes is a topic of considerable interest, particularly the relation between narcissistic CEOs and performance. Common perception is that CEO narcissism is highly prevalent, and considerable…

Journal Article

The No Surprises Act and Informed Financial Consent

Barak Richman, Mark Hall, Kevin A. Schulman
The New England Journal of Medicine October72021 Vol. 385 Pages 1348–1351.

The No Surprises Act requires out-of-network providers to obtain explicit, informed consent regarding a patient’s payments stemming from a planned episode of care. This policy could not only help stop surprise billing, it could also promote…

Working Paper

The Evolution of Empirical Methods in Accounting Research and the Growth of Quasi-Experiments

Christopher S. Armstrong, John D. Kepler, Delphine Samuels, Daniel Taylor
October22021

This paper reviews the empirical methods used in the accounting literature to draw causal inferences. Similar to other social science disciplines, recent years have seen a burgeoning growth in the use of methods that seek to provide as-if random…

Journal Article

Conformal Inference of Counterfactuals and Individual Treatment Effects

Lihua Lei, Emmanuel J. Candès
Journal of the Royal Statistical Society: Series B (Statistical Methodology) October2021 Vol. 83 Issue 5 Pages 911–938.

Evaluating treatment effect heterogeneity widely informs treatment decision making. At the moment, much emphasis is placed on the estimation of the conditional average treatment effect via flexible machine learning algorithms. While these methods…

Journal Article

Facilitating the Search for Partners on Matching Platforms

Yash Kanoria, Daniela Saban
Management Science October2021 Vol. 67 Issue 10 Pages 5969–6627.

Two-sided matching platforms can control and optimize over many aspects of the search for partners. To understand how matching platforms should be designed, we introduce a dynamic two-sided search model with strategic agents who must bear a cost…

Journal Article

Gender, Generation, and Multiracial Identification in the United States

Janet Xu, Aliya Saperstein, Ann Morning, Sarah Iverson
Demography October2021 Vol. 58 Issue 5 Pages 1603–1630.

Multiracial self-identification is frequently portrayed as a disproportionately female tendency, but previous research has not probed the conditions under which this relationship might occur. Using the 2015 Pew Survey of Multiracial Adults, we…

Working Paper

Learning New Auction Format by Bidders in Internet Display Ad Auctions

Shumpei Goke, Ralph Mastromonaco, Sam Seljan
October2021

We study actual bidding behavior when a new auction format gets introduced into the marketplace. More specifically, we investigate this question using a novel data set on internet display ad auctions that exploits a staggered adoption by…

Working Paper

Machine Learning, Behavioral Targeting and Regression Discontinuity Designs

Sridhar Narayanan, Kirthi Kalyanam
October2021

The availability of behavioral data on customers and advances in machine learning methods have enabled scoring and targeting of customers in a variety of domains, including pricing, advertising, recommendation and personal selling. Typically,…