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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Journal Article

Advances in Power-to-Gas Technologies: Cost and Conversion Efficiency

Gunther Glenk, Philip Holler, Stefan J. Reichelstein
Energy & Environmental Science November2023

Widespread adoption of hydrogen as an energy carrier is widely believed to require continued advances in Power-to-Gas (PtG) technologies. Here we provide a comprehensive assessment of the dynamics of system prices and conversion efficiency for…

Journal Article

Algorithmic Mechanism Design with Investment

Mohammad Akbarpour, Scott Duke Kominers, Kevin Michael Li, Shengwu Li, Paul R. Milgrom
Econometrica November2023 Vol. 91 Issue 6 Pages 1969–2003.

We study the investment incentives created by truthful mechanisms that allocate resources using approximation algorithms. Some approximation algorithms guarantee nearly 100% of the optimal welfare in the allocation problem but guarantee nothing…

Journal Article

Are Consumers Averse to Sponsored Messages? The Role of Search Advertising in Information Discovery

Navdeep S. Sahni, Charles Zhang
Quantitative Marketing and Economics November2023 Vol. 22 Pages 63–114.

We analyze a large-scale randomized field experiment in which a search engine varied the prominence of search ads for 3.3 million U.S. users: one group of users saw the status quo, while the other saw a lower level of advertising (with search ads…

Book

Arguing about Tastes: Modeling How Context and Experience Change Economic Preferences

David M. Kreps
Columbia University Press November2023

Explores preference formation and evolution, discussing the interaction between intrinsic motivation and extrinsic incentives in both static situations and in more dynamic contexts. Summarizes the orthodox economist’s model of individual choice.…

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…