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At the Forefront of Their Fields

At Columbia Business School, our faculty members are at the forefront of research in their respective fields, offering innovative ideas that directly impact the practice of business today. A quick glance at our publication on faculty research, CBS Insights, will give you a sense of the breadth and immediacy of the insight our professors provide.

As a student at the School, this will greatly enrich your education. In Columbia classrooms, you are at the cutting-edge of industry, studying the practices that others will later adopt and teach. As any business leader will tell you, in a competitive environment, being first puts you at a distinct advantage over your peers. Learn economic development from Ray Fisman, the Lambert Family Professor of Social Enterprise and a rising star in the field, or real estate from Chris Mayer, the Paul Milstein Professor of Real Estate, a renowned expert and frequent commentator on complex housing issues. This way, when you complete your degree, you'll be set up to succeed.

The Columbia Advantage

Columbia Business School in conjunction with the Office of the Dean provides its faculty, PhD students, and other research staff with resources and cutting edge tools and technology to help push the boundaries of business research.

Specifically, our goal is to seamlessly help faculty set up and execute their research programs. This includes, but is not limited to:

  • Highly skilled staff of full-time predoctoral fellows, summer research interns, and part-time research assistants
  • Access to centralized funding from the Dean's office and external grants to support research activities
  • Providing a state-of-the-art high-performance grid computing environment
  • Acquisition of proprietary data sets and access to various databases
  • Leading library which provides faculty with latest tools and techniques to enable digital scholarship

All these activities help to facilitate and streamline faculty research, and that of the doctoral students working with them.

Research at CBS

Filters
Type
Working Paper
Date

An interpersonal, attributional perspective on first offers in negotiations

Author
Loschelder, D., A. Lee, M.F. Mason, Daniel Ames, and A. Galinsky
Type
Working Paper
Date

Credit Information in Earnings Calls

Author
Mamaysky, Harry, Yiwen Shen, and Hongyu Wu

We develop a novel technique to extract credit-relevant information from the text of quarterly earnings calls. This information is not spanned by fundamental or market variables and forecasts future credit spread changes. One reason for such forecastability is that our text-based measure predicts future credit spread risk and firm profitability. More firm- and call-level complexity increase the forecasting power of our measure for spread changes. Out-of-sample portfolio tests show the information in our measure is valuable for investors.

Type
Working Paper
Date

Diversity by Design: The Role of Contact and Homophily in Determining Persistent Friendships

Author
Bergemann, Patrick, Zachary Heinemann, Modupe Akinola, Sheena Iyengar, and Adam Galinsky

Organizations regularly divide members in ways that maximize diversity, yet it is unclear whether efforts to induce diversity are effective in producing lasting ties. In this paper, we explore the extent to which an organization can induce diverse networks in small groups versus large groups, and in the short term (while induced contact persists) and in the long term (after induced contact ends). We evaluate this in an incoming MBA cohort as they are assigned to 70-person sections and five-person learning teams, both intended to maximize diversity and facilitate diverse ties.

Type
Working Paper
Date

Diversity isn’t what it used to be: The consequences of the broadening of diversity

Author
Akinola, Modupe, T Opie, G Ho, S Castel, M. Unzueta, and A Brief
Type
Working Paper
Date

Does Growing up in Hard Economic Times Increase Compassion? The Case of Attitudes towards Immigration

Author
Meier, Stephan, Maria Cotofan, and Robert Dur
Type
Working Paper
Date

Downstream Effects of Evaluator Placement

Author
Abraham, Mabel, Tristan Botelho, and C. Carter
Type
Working Paper
Date

From Self-Diagnoses to Change: Organizational Narratives and the Gender Pay Gap

Author
Abraham, Mabel and K. Weisshaar
Type
Working Paper
Date

How Do (Green) Innovators Respond to Climate Change Scenarios? Evidence from a Field Experiment

Author
Guzman, Jorge, Jean Oh, and Ananya Sen

This paper aims to unpack the pro-social motivations of green innovators. In a field experiment inviting SBIR grantees to learn more about and apply to MIT Solve, we provide scientifically valid scenarios varying the time-frame and scale of human cost of climate change. Innovators' response in clicks and applications increases with both scale and immediacy treatments. Our structural model estimates a welfare discount rate of 0.76%, providing a measure of innovators' value of future generations, and an elasticity to lives lost of 0.23, implying diminishing marginal concern to human loss.

Type
Working Paper
Date

Local Growth Policy and Dynamic Misallocation

Author

Many state and local governments incentivize new business creation. I analyze local growth policy in a setting where firm entry and expansion choices exhibit local complementarities, creating dynamic misallocation at the aggregate level. Optimal entry subsidies would speed the transition of Rust-belt workers to the South and Mountain West by an extra 10 million people by 2035, raising real incomes by 4%. Actual subsidies substantially worsen misallocation, lowering welfare by 3%, 6 times the size of the subsidies themselves.

Type
Working Paper
Date

Multinational Corporation and Stakeholders

Author
Yue, Lori, Kaixian Mao, and Huidi Lu
Type
Working Paper
Date

Regional personality differences predict variation in COVID-19 infections and social distancing behavior

Author
Peters, Heinrich, Friedrich Gotz, Tobias Ebert, Sandrine Muller, P. Rentfrow, Samuel Gosling, Marin Obschonka, Daniel Ames, Jeff Potter, and Sandra Matz
Type
Working Paper
Date

Reporting Regulation and Corporate Innovation

Author
Breuer, Matthias, Christian Leuz, and Steven Vanhaverbeke

We investigate the impact of reporting regulation on corporate innovation. Exploiting thresholds in Europe’s regulation and a major enforcement reform in Germany, we find that forcing firms to publicly disclose their financial statements discourages innovative activities. Our evidence suggests that reporting regulation has significant real effects by imposing proprietary costs on innovative firms, which in turn diminish their incentives to innovate.