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.

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

Human Capital Disclosure and Labor Market Outcomes: Evidence from Regulation S-K

Jung Ho Choi, Dan Li, Daniele Macciocchi
October2024

We examine the labor market consequences of the 2020 Regulation S-K requiring human capital disclosure in 10K filings. Using large-sample job-level data, we observe that public firms subject to the regulation increase their disclosure of…

Journal Article

Large Language Models and Humans Converge in Judging Public Figures’ Personalities

Xubo Cao, Michal Kosinski
PNAS Nexus October2024 Vol. 3 Issue 10 Pages 418.

ChatGPT-4 and 600 human raters evaluated 226 public figures’ personalities using the Ten-Item Personality Inventory. The correlation between ChatGPT-4 and aggregate human ratings ranged from r = 0.76 to 0.87, outperforming the models…

Journal Article

Long-Term Causal Inference Under Persistent Confounding via Data Combination

Guido W. Imbens, Nathan Kallus, Xiaojie Mao, Yuhao Wang
Journal of the Royal Statistical Society Series B: Statistical Methodology October2024

We study the identification and estimation of long-term treatment effects by combining short-term experimental data and long-term observational data subject to unobserved confounding. This problem arises often when concerned with long-term…

Journal Article

Qini Curves for Multi-Armed Treatment Rules

Erik Sverdrup, Han Wu, Susan Athey, Stefan Wager
Journal of Computational and Graphical Statistics October2024

Qini curves have emerged as an attractive and popular approach for evaluating the benefit of data-driven targeting rules for treatment allocation. We propose a generalization of the Qini curve to multiple costly treatment arms that quantifies the…

Working Paper

Qini Curves for Multi-Armed Treatment Rules

Erik Sverdrup, Han Wu, Susan Athey, Stefan Wager
October2024

Qini curves have emerged as an attractive and popular approach for evaluating the benefit of data-driven targeting rules for treatment allocation. We propose a generalization of the Qini curve to multiple costly treatment arms that quantifies the…

Working Paper

Robust Offline Policy Learning with Observational Data from Multiple Sources

Aldo Gael Carranza, Susan Athey
October2024

We consider the problem of using observational bandit feedback data from multiple heterogeneous data sources to learn a personalized decision policy that robustly generalizes across diverse target settings. To achieve this, we propose a minimax…

Working Paper

Service Quality on Online Platforms: Empirical Evidence about Driving Quality at Uber

Susan Athey, Juan Camilo Castillo
October2024

Online marketplaces have adopted new quality control mechanisms that can accommodate a flexible pool of providers. In the context of ride-hailing, we measure the effectiveness of these mechanisms, which include ratings, incentives, and behavioral…

Journal Article

Strategy Theory Using Analogy: Rationale, Tools and Examples

Glenn R. Carroll, Jesper B. Sørensen
Strategy Science October2024 Vol. 9 Issue 4 Pages 297–514.

We discuss why analogical reasoning is widely used in strategy formulation, implementation and evaluation despite its assessment by many logicians as a weak form of logical argumentation. Given this popularity, we consider how analogies might be…

Journal Article

Textual Dimensions of Sustainability Information, Stock Price Informativeness, and Proprietary Costs: Evidence from Integrated Reports

Mary E. Barth, Steven F. Cahan, Li Chen, Elmar R. Venter, Ruili Wang
The British Accounting Review October2024 Vol. 57 Issue 3

We examine whether integrated report quality, IRQ, is negatively associated with stock price synchronicity, an inverse measure of firm-specific information, and the extent to which the relation between IRQ and synchronicity is attenuated by…

Working Paper

Transitional Market Dynamics in Complex Environments

C.L. Benkard, P. Jeziorski, Gabriel Weintraub
October2024

This paper presents a new approach to modeling transitional dynamics in dynamic models of imperfect competition, a crucial yet often neglected aspect of empirical models in industrial organization that seek to understand market responses to…

Book Chapter

Using Big Data

Michal Kosinski
Handbook of Social Psychology, 6th Ed Situational Press October2024

Big Data is everywhere. Globally, billions of people use online platforms and digital devices to communicate, socialize, study, shop, and work. In the process, they generate a vast trove of digital footprints, documenting their thoughts, feelings…

Working Paper

What Happens When Anyone Can Be Your Representative? Studying the Use of Liquid Democracy for High-Stakes Decisions in Online Platforms

Andrew B. Hall, Sho Miyazaki
October2024

Since the 19th century, political reformers have proposed broadening civic and corporate governance by allowing voters to delegate to any other voter — sometimes known as liquid democracy. Today, systems like liquid democracy have become an…

Journal Article

Gender, Race, and Entrepreneurship: A Randomized Field Experiment on Venture Capitalists and Angels

Will Gornall, Ilya A. Strebulaev
Management Science September302024 Vol. 71 Issue 6

We study gender and race in high-impact entrepreneurship using a tightly controlled randomized field experiment. We sent out 80,000 pitch emails introducing promising but fictitious start-ups to 28,000 venture capitalists and angels. Each email…

Journal Article

Valuing Long-Term Property Rights with Anticipated Political Regime Shifts

Zhiguo He, Maggie Rong Hu, Zhenping Wang, Vincent Yao
American Economic Review September262024 Vol. 114 Issue 9 Pages 2701–2747.

We identify exposure to political risk by exploiting a unique variation around land lease extension protection after 2047 in Hong Kong’s housing market due to historical arrangements under the “One Country, Two Systems” design. Relative to…

Journal Article

Heterogeneous Effects of Medicaid Coverage on Cardiovascular Risk Factors: Secondary Analysis of Randomized Controlled Trial

Kosuke Inoue, Susan Athey, Katherine Baicker, Yusuke Tsugawa
British Medical Journal September232024 Vol. 386

Objectives: To investigate whether health insurance generated improvements in cardiovascular risk factors (blood pressure and hemoglobin A(1c) (HbA(1c)) levels) for identifiable subpopulations, and using machine learning to…

Working Paper

The Frontier Origins of U.S. Gun Culture

Adam Rosenberg
September182024

This paper studies the transmission of a county’s historical exposure to the U.S.frontier into its consumers’ present-day preferences for firearm ownership and regulation. Counties with an additional decade on the frontier between 1790–1890 have…

Journal Article

Leveraging Body-Worn Camera Footage to Assess the Effects of Training on Officer Communication During Traffic Stops

Nicholas P. Camp, Rob Voigt, MarYam G. Hamedani, Dan Jurafsky, Jennifer Eberhardt
PNAS Nexus September172024 Vol. 3 Issue 9

Can training police officers on how to best interact with the public actually improve their interactions with community members? This has been a challenging question to answer. Interpersonal aspects of policing are consequential but largely…

Journal Article

What Drives Investors’ Portfolio Choices? Separating Risk Preferences From Frictions

Tim de Silva, Taha Choukhmane
Journal of Finance September162024

We study the role of risk preferences and frictions in portfolio choice using variation in 401(k) default options. Patterns of active choice in response to different default funds imply that, absent participation frictions, 94% of investors…

Other Publication

How DEI Can Survive This Era of Backlash

Lori Nishiura Mackenzie, Sarah A. Soule, Shelley J. Correll, Melissa C. Thomas-Hunt
Harvard Business Review September102024

Despite recent backlash against and cuts to organizational DEI initiatives, researchers from the Stanford VMware Women’s Leadership Innovation Lab argue that DEI isn’t dead in the U.S. Instead, they say it’s experiencing a period of what social…

Journal Article

A Coproduced Family Reporting Intervention To Improve Safety Surveillance and Reduce Disparities

Alisa Khan, Jennifer Baird, Sangeeta Mauskar, Helen W. Haskell, Alexandra N. Habibi, Tiffany Ngo, Alexandra Aldarondo, Jay G. Berry, Katherine L. Copp, Jessica P. Liu, Brynn Elder, Kathryn P. Gray, Karen Hennessy, Kate E. Humphrey, Donna Luff, Nandini Mallick, Susan Matherson, Amanda G. McGeachey, Patrice Melvin, Amy L. Pinkham, Bianca Quiñones-Pérez, Jayne Rogers, Sara Singer, Patricia A. Stoeck, Sara L. Toomey, K. Viswanath, Jayme L. Wilder, Mark A. Schuster, Christopher P. Landrigan
Pediatrics September32024 Vol. 154 Issue 4

OBJECTIVES

Examine family safety-reporting after implementing a parent–nurse–physician–leader coproduced, health literacy-informed, family safety-reporting intervention for hospitalized families of children with medical complexity.

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