Publications

The corporate information environment develops endogenously as a consequence of information asymmetries and agency problems between investors, entrepreneurs, and managers. We provide a framework for analyzing the three main decisions that shape…

Scholarship on the effects of various kinds of state repression (e.g., counterterrorism, counterinsurgency, protest policing) on subsequent dissent has produced a body of contradictory findings. In an attempt to better understand the effects of…

This paper investigates the market reaction to recent legislative and regulatory actions pertaining to corporate governance. The managerial power view of governance suggests that executive pay, the existing process of proxy access, and various…

An examination of emotions reported on 12 million personal blogs along with a series of surveys and laboratory experiments show that the meaning of happiness is not fixed; instead, it systematically shifts over the course of ones lifetime.…

Despite the centrality of products in many strategic and managerial theoretical frameworks, little is known systematically about how and why specific products come and go from markets. We argue that narrowing this gap will likely enhance…

Consumers often need to exert substantial psychological resources to manage work-related stress, control impulsive spending, and handle financial anxiety. Therefore, consumers are often in a state of regulatory depletion when they are exposed to…

The common heuristic association between scarcity and value implies that more valuable things appear scarcer (King, Hicks, & Abdelkhalik, 2009), an effect we show applies to time. In a series of studies we find that both income and wealth,…

The Bass seminars at the Stanford University Graduate School of Business offer faculty and small groups of students the opportunity to interact in highly focused and intense ways on research topics of common interest. Our S373 Bass seminar…

This study investigates a particularly brazen form of corporate abuse, in which controlling shareholders use intercorporate loans to siphon billions of RMB from hundreds of Chinese listed companies during the 1996 to 2006 period.  We…

We study how much of the top end of the income distribution is represented by four sectors—non-financial-firm top executives (Main Street); investment bankers and hedge, private equity, and mutual fund investors (Wall Street); corporate…

In summary, we find evidence that firms in developing countries are often badly managed, which substantially reduces their productivity. This appears particularly important in larger firms (100+ employees), which are operationally complex so that…

We examine whether the likelihood of entrepreneurial activity is related to the prior career experiences of an individual’s coworkers, using a unique matched employer–employee panel data set. We argue that coworkers can increase the likelihood…

The study of cohesive subgroups is an important aspect of social network analysis. Cohesive subgroups are studied using different relaxations of the notion of clique in a graph. For instance, given a graph and an integer k, the maximum…

Objectives. A 1993 study found a 25% higher risk of death among uninsured compared with privately insured adults. We analyzed the relationship between uninsurance and death with more recent data.

Methods. We conducted a survival analysis…