Management

Letter From the Chair

Welcome to the Management Division of Columbia Business School! Our website offers a window into the teaching and research activities of the division.

We explore the forces that affect the performance of organizations by studying individual and interpersonal behavior, group interactions, organizational structure and strategic interactions. The insights are relevant for established and large firms to small and growing entrepreneurial ventures. The members of our division are scholars and practitioners that shed light on management questions from different disciplines that include psychology, strategy, sociology, political science, and economics.

The Management Division prepares leaders for the future of business based on our theoretical and empirical research at the scientific frontier. We publish cutting edge research and translate it into insights that are practical and tangible for business leaders of today and tomorrow.

Stephan Meier

James P. Gorman Professor of Business; Chair of Management Division

In the Media

Inc.

July 10, 2024

When Starbucks Moves in, Neighborhoods Change like This for 7 Years, According to a Massive New Study

Highlighted by Columbia Business School, this media piece showcases Topics and Areas of Expertise about our esteemed faculty. The content is specifically curated from the publication that showcased the mentioned faculty and/or research, emphasizing its contributions in various fields. The featured Topics and Areas of Expertise reflects the school's commitment to sharing valuable insights and knowledge.

Mentioned Faculty (1)

Jorge Guzman

Gantcher Associate Professor of Business: Management Division

Dr. Jorge Guzman is an associate professor at the Management Division in Columbia Business School. Jorge received his PhD from the Sloan School of Management at MIT, and was previously a postdoc at the National Bureau of Economic Research (NBER) and a lecturer at MIT Sloan.

Full Profile

The Harvard Gazette

July 9, 2024

How Leaders Find Happiness — and Teach It

Mentioned Faculty (1)

Hitendra Wadhwa

Adjunct Professor of Business: Management Division

Hitendra Wadhwa is an Adjunct Professor of Business at Columbia Business School and founder of the Mentora Institute. He teaches Columbia's most popular MBA leadership class on Personal Leadership & Success. He also teaches MBA and Executive Education programs on Driving Strategic Impact and Leading from the Inside Out, and has received the Executive-MBA Commitment to Excellence Award, the Dean's Award for Teaching Excellence, the Lear Award for Service to Students, and the Columbia Marketing Association Award for the Most Dynamic and Engaging Professor.

Full Profile

Zero Hedge

July 9, 2024

Junior Bankers Are Working 100 Hour Weeks Again

Mentioned Faculty (1)

Stephan Meier

James P. Gorman Professor of Business; Chair of Management Division: Management Division

Stephan Meier is currently the chair of the Management Division and the James P. Gorman Professor of Business at Columbia Business School. He holds a PhD in Economics from the University of Zurich, was previously a senior economist at the Center for Behavioral Economics and Decision-Making at the Federal Reserve Bank of Boston and taught courses on strategic interactions and economic policy at Harvard University and the University of Zurich. His research interest is in behavioral strategy.

Full Profile

The Economist

July 4, 2024

How Starbucks Caffeinates Local Economies

Mentioned Faculty (1)

Jorge Guzman

Gantcher Associate Professor of Business: Management Division

Full Profile

WRAL TechWire

July 3, 2024

Transformative Leadership: Lessons from Symposium and Life

Mentioned Faculty (1)

Hitendra Wadhwa

Adjunct Professor of Business: Management Division

Full Profile

Bloomberg News

June 28, 2024

Junior Bankers Log 100-Hour Weeks Again, and Tensions Are Up

Mentioned Faculty (1)

Stephan Meier

James P. Gorman Professor of Business; Chair of Management Division: Management Division

Full Profile

Research

The Macroeconomics of Stakeholder Equilibria*

Authors: John Donaldson and Hyung Seok E. Kim

Date: Forthcoming

Format: Working Paper

We propose one route to a more inclusive society. Our context is the prevailing one of high wealth inequality where stockholders alone supply the stochastic discount factor governing the allocation of capital. A large and pervasive pecuniary externality is thus imposed on non-stockholder workers, something we view as antithetical to the notion of an inclusive society.

Authors: Nicolas Padilla, Eva Ascarza, and Oded Netzer

Date: Forthcoming

Format: Journal Article

Journal: Quantitative Marketing and Economics

We introduce a probabilistic machine learning model that fuses customer click-stream data and purchase data within and across journeys. This approach addresses the critical business need for leveraging first-party data (1PD), particularly in environments with infrequent purchases, which are characterized by minimal or no prior purchase history.

Authors: Adam Michael Bauer, Cristian Proistosescu, and Gernot Wagner

Date: Forthcoming

Format: Journal Article

Journal: Climatic Change

We develop a financial-economic model for carbon pricing with an explicit representation of decision making under risk and uncertainty that is consistent with the Intergovernmental Panel on Climate Change’s sixth assessment report. We show that risk associated with high damages in the long term leads to stringent mitigation of carbon dioxide emissions in the near term, and find that this approach provides economic support for stringent warming targets across a variety of specifications.

Authors: Marina Halac and Pierre Yared

Date: Forthcoming

Format: Journal Article

Journal: Journal of Political Economy

We propose a political economy mechanism that explains the presence of fiscal regimes punctuated by crisis periods. Our model focuses on the interaction between successive deficit-biased governments subject to i.i.d. fiscal shocks. We show that the economy transitions between a fiscally responsible regime and a fiscally irresponsible regime, with transitions occurring during crises when fiscal needs are large. Under fiscal responsibility, governments limit their spending to avoid transitioning to fiscal irresponsibility.

Authors: Jesse Schreger , Pierre Yared , and Emilio Emilio Zaratiegui

Date: Forthcoming

Format: Journal Article

Journal: American Economic Review: Insights

We consider a New Keynesian model with strategic monetary and fiscal interactions. The fiscal authority maximizes social welfare. Monetary policy is delegated to a central bank with an anti-inflation bias that suffers from a lack of commitment. The impact of central bank hawkishness on debt issuance is non-monotonic because increased

Ideas

Economics and Policy

Entrepreneurship

Innovation

Type: Columbia Business
Date: October 12, 2022

Economics and Policy

Entrepreneurship

Innovation

5 Questions About Value Investing and Finance

Tano Santos, the Robert Heilbrunn Professor of Asset Management and Finance and Director of Columbia Business School’s Heilbrunn Center for Graham and Dodd Investing, discusses the school’s approach to value investing and finance.