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Journal Articles

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

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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.

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Journal Article

Robots or Humans for Disaster Response? Impact on Consumer Prosociality and Possible Explanations

Fangyuan Chen, Szu-chi Huang
Journal of Consumer Psychology April2023 Vol. 33 Issue 2 Pages 432–440.

Hurricanes, wildfires, pandemics, and other disasters have taken millions of lives in the past few years and caused substantial economic losses. To tackle these extraordinary circumstances, governments, organizations, and companies seek…

Journal Article

Statistical Signals of Copying Are Robust to Time- and Space-Averaging

Mason Youngblood, Helena Miton, Olivier Morin
Evolutionary Human Sciences April2023 Vol. 5

Cattle brands (ownership marks left on animals) are subject to forces influencing other graphic codes: the copying of constituent parts, pressure for distinctiveness and pressure for complexity. The historical record of cattle brands in some US…

Journal Article

Taming the Communication and Computation Complexity of Combinatorial Auctions: The FUEL Bid Language

Martin Bichler, Paul R. Milgrom, Gregor Schwarz
Management Science April2023 Vol. 69 Issue 4 Pages 1935–2545.

Combinatorial auctions have found widespread application for allocating multiple items in the presence of complex bidder preferences. The enumerative exclusive OR (XOR) bid language is the de facto standard bid language for spectrum auctions and…

Journal Article

The Dynamic Nature of Student Discipline and Discipline Disparities

Sean Darling-Hammond, Michael Ruiz, Jennifer Eberhardt, Jason A. Okonofua
Proceedings of the National Academy of Sciences April2023 Vol. 120 Issue 17

Researchers have long used end-of-year discipline rates to identify punitive schools, explore sources of inequitable treatment, and evaluate interventions designed to stem both discipline and racial disparities in discipline. Yet, this approach…

Working Paper

The Importance of Financial Literacy: Opening a New Field

Annamaria Lusardi, Olivia S. Mitchell
April2023

We undertake an assessment of our two decades of research on financial literacy, building on our empirical research and theoretical work casting financial knowledge as a form of investment in human capital. We also draw on recent data to…

Journal Article

The Manchin Paradox

Keith Krehbiel, Sara Krehbiel
Quarterly Journal of Political Science April2023 Vol. 18 Issue 2 Pages 277–293.

We identify and analyze an enigma of U.S. Senate procedure. Why does its pivotal voter under simple-majority voting prefer that the body makes law using super-majority cloture (e.g., the filibuster, or threat thereof, within the strictures of…

Journal Article

Two-Sided Cultural Fit: The Differing Behavioral Consequences of Cultural Congruence Based on Values Versus Perceptions

Richard Lu, Jennifer A. Chatman, Amir Goldberg, Sameer B. Srivastava
Organization Science April2023 Vol. 35 Issue 1 Pages 71–91.

How do people establish and maintain cultural fit with an organization? Prior research has offered two perspectives that have heretofore been conceptually disconnected. One focuses on personal values, whereas another emphasizes perceptions of the…

Stanford Closer Look

The Evolving Battlefronts of Shareholder Activism

Andrew C. Baker, David F. Larcker, Brian Tayan, Derek Zaba
Stanford Closer Look Series Corporate Governance Research Initiative March62023

In this Closer Look, we consider current trends in shareholder activism and their potential impact. We examine the introduction of universal proxies, the increase in “activism experience” among directors, and the changing strategies of activists…

Working Paper

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

Gunther Glenk, Philip Holler, Stefan J. Reichelstein
March2023

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

Agenda Control under Policy Uncertainty

Steven Callander, Nolan McCarty
American Journal of Political Science March2023

Models of agenda setting are central to the analysis of political institutions. Elaborations of the classical agenda‐setting model of Romer–Rosenthal have long been used to make predictions about policy outcomes and the distribution of influence…

Core Concept

Board of Directors: A Guide to Understanding Concepts of Corporate Governance

David F. Larcker, Amit Seru, Brian Tayan
Core Concepts Series Corporate Governance Research Initiative March2023

A roadmap to understanding the fundamental concepts of corporate governance based on theory, empirical research, and data. This guide will take an in-depth look at Board of Directors.

Core Concept

CEO Compensation: A Guide to Understanding Concepts of Corporate Governance

David F. Larcker, Amit Seru, Brian Tayan
Core Concepts Series Corporate Governance Research Initiative March2023

A roadmap to understanding the fundamental concepts of corporate governance based on theory, empirical research, and data. This guide takes an in-depth look at CEO compensation.

Core Concept

CEO Succession Planning: A Guide to Understanding Concepts of Corporate Governance

David F. Larcker, Amit Seru, Brian Tayan
Core Concepts Series Corporate Governance Research Initiative March2023

A roadmap to understanding the fundamental concepts of corporate governance based on theory, empirical research, and data. This guide takes an in-depth look at CEO succession planning.

Journal Article

Cognitive Decline, Limited Awareness, Imperfect Agency, and Financial Well-Being

John Ameriks, Andrew Caplin, Minjoon Lee, Matthew D. Shapiro, Christopher Tonetti
American Economic Review: Insights March2023 Vol. 5 Issue 1 Pages 125–140.

Cognitive decline may lead older Americans to make poor financial decisions. Preventing poor decisions may require timely transfer of financial control to a reliable agent. Cognitive decline, however, can develop unnoticed, creating the…

Core Concept

Core Concept: Shareholders & Stakeholders

David F. Larcker, Amit Seru, Brian Tayan
Core Concepts Series Corporate Governance Research Initiative March2023

A roadmap to understanding the fundamental concepts of corporate governance based on theory, empirical research, and data. This guide will take an in-depth look at shareholders and activism.

Journal Article

Diminishing Marginal Returns to Computer‐Assisted Learning

Eric Bettinger, Robert Fairlie, Anastasia Kapuza, Elena Kardanova, Prashant Loyalka, Andrey Zakharov
Journal of Policy Analysis and Management March2023 Vol. 42 Issue 2 Pages 552–570.

The previous expansion of EdTech as a substitute for traditional learning around the world, the recent full-scale substitution due to COVID-19, and potential future shifts to blended approaches suggest that it is imperative to understand input…

Working Paper

Economics of Grid-Scale Energy Storage in Wholesale Electricity Markets

Ömer Karaduman
March2023

I investigate the incentives for investing and operating grid-scale energy storage in electricity markets and the need for policies to complement investments with renewables. I develop a new dynamic equilibrium framework that allows for storage’s…

Journal Article

Escaping Irony: Making Research on Creativity in Organizations More Creative

Michelle M. Duguid, Jack A. Goncalo, Spencer H. Harrison, Ella Miron-Spektor
Organizational Behavior and Human Decision Processes March2023 Vol. 175

Like most literatures as they mature, the creativity literature has become — ironically — less creative. We spearheaded this special issue to encourage the bold new ideas we need to revitalize research on creativity in organizations and expand…

White Paper

Exploring the Right Logistics Strategy for China-U.S. B2C Cross-Border E-commerce

Barchi Gillai, Hau L. Lee
Value Chain Innovation Initiative March2023

Sound logistics services are critical for supporting business-to-consumer cross-border e-commerce (CBEC), given consumers’ expectations for a fast, affordable, and reliable order delivery. Yet fulfilling orders placed by customers located in a…

Working Paper

Financial Innovation in the 21st Century: Evidence from U.S. Patents

Josh Lerner, Amit Seru, Nick Short, Yuan Sun
March2023

We explore the evolution of financial innovation, using 24,000 U.S. finance patents applied for and granted over last two decades. Patented financial innovations are substantial and economically important, with annual grants expanding from a few…