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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.

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View scholarly works-in-progress by Stanford GSB faculty, which often appear in final form in academic journals.

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Stanford Closer Look

Gaming the System: Three “Red Flags” of Potential 10b5-1 Abuse

David F. Larcker, Bradford Lynch, Phillip Quinn, Brian Tayan, Daniel J. Taylor
Stanford Closer Look Series Corporate Governance Research Initiative January2021

The SEC adopted Rule 10b5-1 to provide an affirmative defense against allegations of insider trading to executives whose jobs regularly expose them to material nonpublic information. In this Closer Look, we present evidence on the trading…

Journal Article

Grandiose Narcissists and Decision-Making: Impulsive, Overconfident, and Skeptical of Experts — But Seldom in Doubt

Charles A. O’Reilly, Nicholas Hall
Personality and Individual Differences January2021 Vol. 168

A substantial body of research has documented that grandiose narcissists are characterized by high self-esteem, a sense of personal superiority and entitlement, overconfidence, a willingness to exploit others for self-gain, and hostility and…

Journal Article

Inefficiencies in Digital Advertising Markets

Brett Gordon, Kinshuk Jerath, Zsolt Katona, Sridhar Narayanan, Jiwoong Shin, Kenneth Wilbur
Journal of Marketing January2021 Vol. 85 Issue 1 Pages 7–25.

Digital advertising markets are growing and attracting increased scrutiny. This article explores four market inefficiencies that remain poorly understood: ad effect measurement, frictions between and within advertising channel members, ad…

Book

Making Great Strategy: Arguing for Organizational Advantage

Jesper B. Sørensen, Glenn R. Carroll
Columbia University Press New York January2021

Making strategy requires undertaking major — often irreversible — decisions aimed at long-run success in an uncertain future. All leaders must formulate a clear course of action, yet many lack confidence in their ability to think systematically…

Journal Article

Mechanisms for a No-Regret Agent: Beyond the Common Prior

Modibo Khane Camara, Jason D. Hartline, Aleck Johnsen
2020 IEEE 61st Annual Symposium on Foundations of Computer Science (FOCS) January2021

A rich class of mechanism design problems can be understood as incomplete-information games between a principal who commits to a policy and an agent who responds, with payoffs determined by an unknown state of the world. Traditionally, these…

Journal Article

Misdirecting persuasive efforts during the COVID-19 pandemic: The targets people choose may not be the most likely to change

Christopher Bechler, Zakary Tormala
Journal of the Association for Consumer Research January2021 Vol. 6 Issue 1 Pages 187–195.

Persuading people to engage in specific health behaviors is critical to prevent the spread of and mitigate the harm caused by COVID-19. Most of the research and practice around this issue focuses on developing effective message content.…

Journal Article

Moving Violations: Pairing an Illegitimate Learning Hierarchy with Trainee Status Mobility for Acquiring New Skills When Traditional Expertise Erodes

Katherine C. Kellogg, Jenna E. Myers, Lindsay Gainer, Sara Singer
Organization Science January2021 Vol. 32 Issue 1 Pages 181–209.

We explore how members of a community of practice learn new tools and techniques when environmental shifts undermine existing expertise. In our 20-month comparative field study of medical assistants and patient-service representatives learning to…

Journal Article

Policy Learning with Observational Data

Susan Athey, Stefan Wager
Econometrica January2021 Vol. 89 Issue 1 Pages 133–161.

In many areas, practitioners seek to use observational data to learn a treatment assignment policy that satisfies application-specific constraints, such as budget, fairness, simplicity, or other functional form constraints. For example,…

Policy Statement

The Donut Effect: How COVID-19 Shapes Real Estate

Arjun Ramani, Nicholas A. Bloom
Stanford Institute for Economic Policy Research January2021

The pandemic has redefined how many Americans work, forced more of us to find refuge in our homes, and called into question the necessity of those dreaded commutes to a downtown office.

We are seeing these issues play out in real estate…

Journal Article

Trade-Offs in Choice

Franklin Shaddy, Ayelet Fishbach, Itamar Simonson
Annual Review of Psychology January2021 Vol. 72 Pages 181–206.

To explain trade-offs in choice, researchers have proposed myriad phenomena and decision rules, each paired with separate theories and idiosyncratic vocabularies. Yet most choice problems are ultimately resolved with one of just two types of…

Journal Article

Trapped Factors and China’s Impact on Global Growth

Nicholas A. Bloom, Paul Romer, Stephen J. Terry, John Van Reenen
The Economic Journal January2021 Vol. 131 Issue 633 Pages 156–191.

After a recent increase in Chinese import competition, European firms increased innovation. We present and rationalize these patterns using ‘trapped factors’ at the micro level within a stylized equilibrium model of product-cycle trade and growth…

Journal Article

Why Are Some Immigrant Groups More Successful Than Others?

Edward P. Lazear
Journal of Labor Economics January2021 Vol. 39 Issue 1

The composition of immigrants depends not only on immigrant choice but also on immigration policy, because slots are rationed. Policy determines immigrant attainment, as evidenced by immigrants from Algeria having higher educational attainment…

Other Publication

Adapting to Misspecification in Contextual Bandits with Offline Regression Oracles

Sanath Kumar Krishnamurthy, Vitor Hadad, Susan Athey
Proceedings of the 38th International Conference on Machine Learning 2021

Computationally efficient contextual bandits are often based on estimating a predictive model of rewards given contexts and arms using past data. However, when the reward model is not well-specified, the bandit algorithm may incur unexpected…

Other Publication

Algorithmic Discrimination and Input Accountability under the Civil Rights Acts

Robert P. Bartlett, Adair Morse, Nancy Wallace, Richard Stanton
Berkeley Technology Law Journal 2021 Vol. 36

The disproportionate burden of COVID-19 among communities of color and a necessary renewed attention to racial inequalities have lent new urgency to concerns that algorithmic decision-making can lead to unintentional discrimination against…

Journal Article

Authenticity: Meanings, Targets, Audiences and Third Parties

Glenn R. Carroll, Balázs Kovács
Research in Organizational Behavior 2021 Vol. 41

Research shows that perceived authenticity conveys value in many disparate domains. The analytical attention of this research focuses on producers of products and services, identifying which actions and structures…

Journal Article

Change appeals: How referencing change boosts curiosity and promotes persuasion

Daniella Kupor, Jayson Jia, Zakary Tormala
Personality and Social Psychology Bulletin 2021 Vol. 45 Pages 691-704.

Does merely referencing that an object or entity has changed affect people’s attitudes and intentions toward it? This research investigates the possibility that change references spark curiosity and information seeking, which can have a positive…

Other Publication

Confounding Equilibria for Platforms with Private Information on Promotion Value

Yonatan Gur, Daniela Saban
Web and Internet Economics (WINE) 2021

Conference Paper — 17th International Conference on Web and Internet Economics (WINE)

Online marketplaces allow consumers to evaluate, compare, and purchase products while providing a channel for third-party sellers to reach a broad…

Other Publication

Decomposing the Source of the Gender Gap in Legislative Committee Service: Evidence from U.S. States

Julia Payson, Alexander Fouirnaies, Andrew B. Hall
Political Science Research and Methods 2021 Pages 1–7.

Extensive research on gender and politics indicates that women legislators are more likely to serve on committees and sponsor bills related to so-called “women’s issues.” However, it remains unclear whether this empirical regularity is driven by…

Working Paper

Do Investors Value Gender Diversity?

D.P. Daniels, Jennifer Dannals, T.Z. Lys, Margaret Ann Neale
2021

(R&R, Academy of Management Journal)

Journal Article

Do I support that it’s good or oppose that it’s bad? The effect of support-oppose framing on attitude sharing

Rhia Catapano, Zakary Tormala
Journal of Personality and Social Psychology 2021 Vol. 121 Issue 1 Pages 23–42.

The rise of social media has led to unprecedented opportunities for individuals to share, or express, their attitudes on social and political issues. What factors affect whether individuals choose to share? This research identifies a novel…