Skip to main content
Official Logo of Columbia Business School
Academic Programs
  • Visit Academic Programs
  • MBA
  • Executive MBA
  • Master of Science
  • PhD
  • Undergraduate Concentration
Faculty & Research
  • Visit Faculty & Research
  • Academic Divisions
  • Faculty Search
  • CBS Research
  • Research Resources
  • Research Opportunities
Executive Education
  • Visit Executive Education
  • For Organizations
  • For Individuals
  • Program Finder
  • Online Programs
  • Certificates
Alumni
  • Visit Alumni
  • Alumni Clubs
  • Alumni Benefits
  • Alumni Events
  • Lifetime Network
  • Women's Circle
  • Career Management
About Us
  • Visit About Us
  • The CBS Experience
  • Leadership
  • Our History
  • CBS Directory
  • Newsroom
  • Magazine
CBS Insights
  • Visit CBS Insights
  • AI & Business Analytics
  • Business & Society
  • Climate
  • Finance
  • Entrepreneurship
  • More on CBS Insights
Leading Insights Landing Image
Faculty & Research
  • Academic Divisions
  • CBS Research
    • Research Briefs
  • Research in Brief
  • Research Opportunities
    • CBS Research Resources
  • Research Resources
  • News
  • More 

Columbia Business School Research

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.

Featured Research

Be a better manager: Live abroad

Authors
W. Maddux, Adam Galinsky, and C. Tadmor
Date
January 1, 2010
Format
Journal Article
Journal
Harvard Business Review

The article offers the authors' views on expatriate management programs and the benefits from executives interacting with the people and institutions of the host country. The idea that international experience or interaction between foreign managers and local people will help managers become more creative, entrepreneurial, and successful is discussed. The concept of integrative complexity in bi-cultural managers which enhances job performance is mentioned.

Read More about Be a better manager: Live abroad

The Kidney Case

Authors
D. Austen-Smith, T. Feddersen, Adam Galinsky, and K. Liljenquist
Date
January 1, 2010
Format
Case Study
Publisher
Kellogg School of Management, Dispute Resolution Research Center

The Kidney Case is multi-person exercise that involves the allocation of a single kidney. Students read profiles of eight candidates for the kidney and make a first allocation decision. Each candidate was designed to be high on some allocation principles but low or unknown on others (e.g., best, match, time in cue, age, personal responsibility for disease, future benefits to society, etc.). Then, students are put into groups and assigned to advocate for one of the candidates. Each group will prepare and give a 3-minute presentation on why their candidate should receive the kidney.

Read More about The Kidney Case

Mitigating Disaster Risks in The Age Of Climate Change

Authors
Harrison Hong, Jinqiang Yang, and Neng Wang
Date
Forthcoming
Format
Journal Article

Emissions abatement alone cannot address the consequences of global warming for weather disasters. We model how society adapts to manage disaster risks to capital stock. Optimal adaptation — a mix of firm-level efforts and public spending — varies as society learns about the adverse consequences of global warming for disaster arrivals. Taxes on capital are needed alongside those on carbon to achieve the first best.

Read More about Mitigating Disaster Risks in The Age Of Climate Change

Returns to Education through Access to Higher-Paying Firms: Evidence from US Matched Employer-Employee Data

Authors
Niklas Engbom and Christian Moser
Date
May 1, 2017
Format
Journal Article
Journal
American Economic Review: Papers and Proceedings

What are the sources of the returns to education? We study the allocation of higher education graduates from public institutions in Ohio across firms. We present three results. First, we confirm findings in the earlier literature of large pay differences across degrees. Second, we show that up to one quarter of pay premiums for higher degrees are explained by between-firm pay differences. Third, higher education degrees are associated with greater representation at the best-paying firms.

Read More about Returns to Education through Access to Higher-Paying Firms: Evidence from US Matched Employer-Employee Data

Putting on the pressure: How to make threats in negotiations

Authors
Adam Galinsky and K. Liljenquist
Date
January 1, 2004
Format
Journal Article
Journal
Negotiation

This article focuses on the role of threats in negotiations. Broadly speaking, a threat is a proposition that issues demands and warns of the costs of noncompliance. Even if neither party resorts to them, potential threats shadow most negotiations. Researchers have found that people actually evaluate their counterparts more favorably when they combine promises with threats rather than extend promises alone. Whereas promises encourage exploitation, the threat of punishment motivates cooperation.

Read More about Putting on the pressure: How to make threats in negotiations

Search the repository

Filters
Type
Journal Article
Date
1994
Journal
Marketing Science

Competitive Positioning in Markets with Nonuniform Preferences

Author
Ansari, Asim, Nicholas Economides, and Avijit Ghosh

The nature of competitive equilibrium is investigated for brands competing in a multi-attribute product space when consumer preferences for product attributes follow nonuniform distributions. Subgame-perfect equilibria are established in a 2-stage game, where firms choose positions in the first stage and prices in the 2nd stage. Two types of entry scenarios are investigated. In the first, the number of brands is given exogenously, and all of them choose positions simultaneously.

Read More
Download PDF
Type
Journal Article
Date
1994
Journal
Journal of Strategic Marketing

Corporate Diversification, Strategic Planning, and Performance in Large Multiproduct Firms

Author
Capon, Noel, D. Lei, John Farley, and James Hulbert
This study explores the relationship between corporate diversification and strategic planning in large multiproduct firms by focusing on the strategic, organizational and performance characteristics associated with each avenue to diversification. High levels of horizontal sharing among Strategic Business Units (SBUs), together with a sophisticated planning system that embodies a long-term orientation, are associated with markedly higher measures of financial performance and revenues derived from new products.
Read More
Download PDF
Type
Journal Article
Date
1994
Journal
Management Science

Cross-National 'Laws' and Differences in Market Response

Author
Farley, John and Donald Lehmann

International differences in general, and cultural differences in particular, exert profound influence on what people buy. In modeling market response, highly visible international differences in purchase behavior seem to lead to an assumption by management scientists that there are large parallel international differences in market response to such things as price and advertising.

Read More
Download PDF
Type
Journal Article
Date
1994
Journal
Journal of Personality and Social Psychology

Culture and cause: American and Chinese attributions for social and physical events

Author
Morris, Michael and K. Peng

The authors argue that attribution patterns reflect implicit theories acquired from induction and socialization and hence differentially distributed across human cultures. In particular, the authors tested the hypothesis that dispositionalism in attribution for behavior reflects a theory of social behavior more widespread in individualist than collectivist cultures. Study 1 demonstrated that causal perceptions of social events but not physical events differed between American and Chinese students.

Read More
Type
Chapter
Date
1994
Book
The New Portable MBA

Managing Change

Author
Jick, Todd
Read More
Type
Chapter
Date
1994
Book
AMA Management Handbook

Marketing

Author
Capon, Noel
Read More
Type
Journal Article
Date
1994
Journal
Operations Research

Minimal forecast horizons and a new planning procedure for the general dynamic lot sizing model: Nervousness revisited

Author
Federgruen, Awi and Michal Tzur

We show for the general dynamic lot sizing model how minimal forecast horizons may be detected by a slight adaptation of an earlier 0(n log n) or 0(n) forward solution method for the model. A detailed numerical study indicates that minimal forecast horizons tend to be small, that is, include a small number of orders.

Read More
Download PDF
Type
Book
Date
1994

Monotone structure in discrete-event systems

Author
Glasserman, Paul and David Yao

The material presented in this book originated from research on discrete-event systems when the outputs are monotone functions of the inputs. A discrete-event system is defined as a collection of elementary processes evolving asynchronously and interacting at irregular instants called event epochs. Similar results have often been established for different systems by using inductive sample-path arguments. The authors have identified the underlying structure and formulated general conditions for monotonicity. The material is organized in nine chapters.

Read More
Type
Journal Article
Date
1994
Journal
Management Science

Optimal dynamic pricing of inventories with stochastic demand over finite horizons

Author
Gallego, Guillermo and Garrett van Ryzin

In many industries, managers face the problem of selling a given stock of items by a deadline. We investigate the problem of dynamically pricing such inventories when demand is price sensitive and stochastic and the firm's objective is to maximize expected revenues. Examples that fit this framework include retailers selling fashion and seasonal goods and the travel and leisure industry, which markets space such as seats on airline flights, cabins on vacation cruises, and rooms in hotels that become worthless if not sold by a specific time.

Read More
Download PDF
Type
Journal Article
Date
1994
Journal
AREUEA Journal

Reverse Mortgages and the Liquidity of Housing Wealth

Author
Mayer, Christopher and Katerina Simons

Analyzes the potential of reverse mortgages to increase the income and liquid wealth of the elderly by identifying households with relatively high levels of housing equity. Definition; Review of related literature; Descriptive statistics; Reverse mortgage simulations; Barriers to acceptance of reverse mortgages.

Read More
Download PDF
Type
Chapter
Date
1994
Book
AMA Management Handbook

Sales and Distribution

Author
Capon, Noel
Read More
Type
Journal Article
Date
1994
Journal
Contemporary Accounting Research

Should Taxpayers Be Subsidized to Hire Third-Party Preparers? A Game-Theoretic Analysis

Author
Wolfson, Mark, Nahum Melumad, and Amir Ziv

This article examines the tax-compliance game between taxpayers, a tax-collecting agency, and third-party tax-return prepares. In our model, taxpayers are uncertain about their taxable income and may hire tax practitioners to reduce tax uncertainty. We examine the viability of tax practitioners as a signaling device (taking into account the effects on the behavior of the tax-collecting agency) and investigate the desirability of encouraging (or discouraging) the use of tax practitioners via the use of alternative tax-crediting rules.

Read More
Type
Journal Article
Date
1994
Journal
Journal of Management Studies

Strategic Planning and Financial Performance: More Evidence

Author
Capon, Noel, John Farley, and James Hulbert

A recently published meta-analysis of the impact of strategic planning on financial performance omitted a major study of corporate planning practice in Fortune 500 manufacturing firms. This article briefly reviews that study in light of the results of the meta-analysis. Additional analysis examines performance and firm survival over a longer time period than in the original work. The overall conclusion is that a small but positive relationship between strategic planning and performance exists, and persists.

Read More
Download PDF
Type
Journal Article
Date
1994
Journal
Psychological Science

The Hope of Fundamentalists

Author
Iyengar, Sheena and Martin Seligman

Presents data about which dimensions led to greater optimism with more fundamentalism. Three dimensions of explanatory style; Differences among the fundamentalists, moderates and liberals; Factors responsible for greater optimism among fundamentalists.

Read More
Download PDF
Type
Journal Article
Date
1994
Journal
Operations Research

The joint replenishment problem with time-varying costs and demands: Efficient, asymptotic and e-optimal solutions

Author
Federgruen, Awi and Michal Tzur

We address the Joint Replenishment Problem (JRP) where, in the presence of joint setup costs, dynamic lot sizing schedules need to be determined for m items over a planning horizon of N periods, with general time-varying cost and demand parameters. We develop a new, so-called, partitioning heuristic for this problem, which partitions the complete horizon of N periods into several relatively small intervals, specifies an associated joint replenishment problem for each of these, and solves them via a new, efficient branch-and-bound method.

Read More
Download PDF
Type
Journal Article
Date
1994
Journal
SIAM Journal on Discrete Mathematics

The Minimum Satisfiability Problem

Author
Kohli, Rajeev, Ramesh Krishnamurti, and Prakash Mirchandani
This paper shows that a minimization version of satisfiability is strongly NP-hard, even if each clause contains no more than two literals and/or each clause contains at most one unnegated variable. The worst-case and average-case performances of greedy and probabilistic greedy heuristics for the problem are examined, and tight upper bounds on the performance ratio in each case are developed.
Read More
Download PDF
Type
Journal Article
Date
1994
Journal
Operations Research

The stability of a capacitated, multi-echelon production-inventory system under a base-stock policy

Author
Glasserman, Paul and Sridhar Tayur

Most models of multilevel production and distribution systems assume unlimited production capacity at each site. When capacity limits are introduced, an ineffective policy may lead to increasingly large order backlogs: The stability of the system becomes an issue. In this paper, we examine the stability of a multi-echelon system in which each node has limited production capacity and operates under a base-stock policy.

Read More
Download PDF
Type
Journal Article
Date
1994
Journal
Journal of Accounting Research

The Value Relevance of German Accounting Measures: An Empirical Analysis

Author
Harris, Trevor, M. Lang, and H. P. Möller

In this study we compare the value relevance of accounting measures for U.S. and German firms matched on industry and firm size, and evaluate the incremental informativeness of earnings adjusted on the basis of a formula proposed by analysts.

Read More
Type
Journal Article
Date
1993
Journal
Annals of Operations Research

Computing efficient frontiers using estimated parameters

Author
Broadie, Mark

The mean-variance model for portfolio selection requires estimates of many parameters. This paper investigates the effect of errors in parameter estimates on the results of mean-variance analysis. Using a small amount of historical data to estimate parameters exposes the model to estimation errors. However, using a long time horizon to estimate parameters increases the possibility of nonstationarity in the parameters. This paper investigates the tradeoff between estimation error and stationarity. A simulation study shows that the effects of estimation error can be surprisingly large.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Journal of Finance

On the Relation Between the Expected Value and the Volatility of the Nominal Excess Return on Stocks

Author
Glosten, Lawrence, Ravi Jaganathan, and David E. Runkle

We find support for a negative relation between conditional expected monthly return and conditional variance of monthly return, using a GARCH-M model modified by allowing (1) seasonal patterns in volatility, (2) positive and negative innovations to returns having different impacts on conditional volatility, and (3) nominal interest rates to predict conditional variance. Using the modified GARCH-M model, we also show that monthly conditional volatility may not be as persistent as was thought.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Journal of Marketing

A New Approach to Country Segmentation Utilizing Multinational Diffusion Patterns

Author
Jedidi, Kamel, Kristiaan Helsen, and Wayne DeSarbo
Country segmentation has been proposed to assist in marketing strategy decisions for international marketing managers. Such schemes typically consist of grouping or clustering a set of specified countries on the basis of a wide array of macroeconomic variables. The authors focus on the merits of such country classification schemes in gaining an understanding about multinational diffusion patterns. More specifically, they analyze the extent to which countries belonging to the same (different) grouping reveal similar (dissimilar) diffusion patterns.
Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Journal of Management Studies

Challenges to Theory Development in Entrepreneurship Research

Author
Glosten, Lawrence and Raphael Amit

Why do some new ventures succeed while others fail? What is the essence of entrepreneurship? Who is most likely to become a successful entrepreneur and why? How do entrepreneurs make decisions? What market, regulatory, and organizational environments foster the most successful entrepreneurial activities? Entrepreneurship research is plagued by these and other fundamental unanswered questions, for which there does not exist a cohesive explanatory, predictive, or normative theory.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Mathematics of Operations Research

Filtered Monte Carlo

Author
Glasserman, Paul

By a filtered Monte Carlo estimator we mean one whose constituent parts—summands or integral increments—are conditioned on an increasing family of σ-fields. Unbiased estimators of this type are suggested by compensator identities. Replacing a point-process integrator with its intensity gives rise to one class of examples; exploiting Levy's formula gives rise to another.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Journal of Risk and Uncertainty

Framing, Probability Distortions, and Insurance Decisions

Author
Johnson, Eric, J. Hershey, J. Meszaros, and Howard Kunreuther
A series of studies examines whether certain biases in probability assessments and perceptions of loss, previously found in experimental studies, affect consumers' decisions about insurance. Framing manipulations lead the consumers studied here to make hypothetical insurance-purchase choices that violate basic laws of probability and value. Subjects exhibit distortions in their perception of risk and framing effects in evaluating premiums and benefits. Illustrations from insurance markets suggest that the same effects occur when consumers make actual insurance purchases.
Read More
Download PDF
Type
Book
Date
1993

Country Competitiveness: Technology and the Organizing of Work

Author
Kogut, Bruce
With the expansion of global competition through international trade agreements and heightened rivalry between firms in the domestic market, it is easy to understand why a firm would seek to compete by lowering the wages paid to labor. Yet, this strategy is troubled not only by the efforts of other firms pursuing cheaper labor costs, but also by the failure to adopt better ways of organizing work. New products are copied within a short time after introduction.
Read More
Type
Journal Article
Date
1993
Journal
Psychological Science

Optimism and Fundamentalism

Author
Iyengar, Sheena and Martin Seligman

Investigates the explanatory style of religious groups representing fundamentalist, moderate and liberal views. Reason for the optimism of fundamentalist individuals; Causes of the optimism differences among fundamentalists, moderates and liberals; Impact of religious hope on individuals.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Journal of Monetary Economics

Dynamic Efficiency in the Gifts Economy

Author
O'Connell, Stephen and Stephen Zeldes

In the standard analysis of overlapping generations economies with gifts from children to parents, each generation takes the actions of other generations as given. The resulting equilibrium is dynamically inefficient. In reality, however, parents realize that children will respond to higher parental saving by reducing gifts. For a broad class of gift economies, this implicit tax on saving pushes the equilibrium to dynamic efficiency.

Read More
Download PDF
Type
Journal Article
Date
1993

On the Incentives for Money Managers: A Signalling Approach

Author
Huberman, Gur and Shmuel Kandel

Money managers select weights of managed portfolios to enhance their reputation in the spot market for their services, inevitably using their actions to signal their quality. We develop a two-asset signalling model of money managers. A unique screening equilibrium and (under certain parameter configurations) a host of pooling equilibria survive the Cho-Kreps Intuitive Criterion. In all the equilibria managers behave more aggressively than they would in the absence of the signalling motive, exaggerating their position in the risky asset.

Read More
Type
Journal Article
Date
1993
Journal
Management Science

Optimal power-of-two replenishment strategies in capacitated general production/distribution networks

Author
Federgruen, Awi and Yu-Sheng Zheng

In this paper we develop a model for a capacitated production/distribution network of general (but acyclic) topology with a general bill of materials, as considered in MRP (Material Requirement Planning) or DRP (Distribution Requirement Planning) systems. This model assumes stationary, deterministic demand rates and a standard stationary cost structure; it is a generalization of the uncapacitated model treated in the seminal papers of Maxwell and Muckstadt (1985) and Roundy (1986).

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Journal of Consumer Research

The Importance of Others' Welfare in Evaluating Bargaining Outcomes

Author
Corfman, Kim and Donald Lehmann

This research proposes that negotiators consider each other's payoffs in their evaluation of potential settlements beyond the level necessary to maintain the bargaining relationship. We further hypothesize that the way in which negotiators weight their opponents' payoffs, relative to their own, is a function of characteristics of the relationship and of the bargainers' personalities. Specifically, we consider liking of the other party, payoff expectations, satisfaction with past settlements, the likelihood of future negotiations, egocentricity, and power orientation.

Read More
Download PDF
Type
Journal Article
Date
1993

The Importance of Others' Welfare in Evaluating Bargaining Outcomes

Author
Corfman, Kim P. and Donald Lehmann
Read More
Type
Journal Article
Date
1993
Journal
Journal of Consumer Research

The Influence of New Brand Entry on Subjective Brand Judgments

Author
Pan, Yigang and Donald Lehmann

This paper examines the attributes that consumers use when making product similarity judgments and their effect on similarity scaling. Previous research suggests that concrete brands are judged using dichotomous features while more abstract product categories are judged using continuous dimensions. This, in turn, suggests that the appropriateness of spatial scaling increases relative to tree scaling as one moves from brands to product categories. The results of two studies support an increase in the fit of spaces relative to trees from brands to categories.

Read More
Download PDF
Type
Journal Article
Date
1993

The Influence of New Brand Entry on Subjective Brand Judgments

Author
Pan, Yigang and Donald Lehmann
Read More
Type
Journal Article
Date
1993
Journal
Advances in Applied Probability

Regenerative derivatives of regenerative sequences

Author
Glasserman, Paul

Given a parametric family of regenerative processes on a common probability space, we investigate when the derivatives (with respect to the parameter) are regenerative. We primarily consider sequences satisfying explicit, Lipschitz recursions, such as the waiting times in many queueing systems, and show that derivatives regenerate together with the original sequence under reasonable monotonicity or continuity assumptions. The inputs to our recursions are i.i.d. or, more generally, governed by a Harris-ergodic Markov chain. For i.i.d.

Read More
Type
Journal Article
Date
1993
Journal
Advances in Applied Probability

Stochastic monotonicity and conditional Monte Carlo for likelihood ratios

Author
Glasserman, Paul

Likelihood ratios are used in computer simulation to estimate expectations with respect to one law from simultation of another. This importance sampling technique can be implemented with either the likelihood ratio at the end of the simulated time horizon or with a sequence of likelihood ratios at intermediate times. Since a likelihood ratio process is a martingale, the intermediate values are conditional expectations of the final value and their use introduces no bias.

Read More
Type
Journal Article
Date
1993
Journal
Journal of Accounting Research

A Comparison of the Value-Relevance of U.S. versus Non-U.S. GAAP Accounting Measures Using Form 20-F Reconciliations

Author
Harris, Trevor and E. Venuti

Firms registered outside the United States and listed on a primary U.S. exchange may provide their U.S. shareholders with financial statements prepared under their domestic (non-U.S.) generally accepted accounting principles (GAAP). The Securities and Exchange Commission requires such firms to reconcile their reported earnings and shareholders' equity to U.S. GAAP as part of a Form 20-F filing. These reconciliations provide a set of precise measures of the differences created by alternative accounting practices.

Read More
Type
Journal Article
Date
1993
Journal
Decision Sciences

An application of Markov chain analysis to the game of squash

Author
Broadie, Mark and Dev Joneja

If the score in a squash game is tied late in the game, one player has a choice of how many additional points (from a prespecified set of possibilities) are to be played to determine the winner. This paper constructs a Markov chain model of the situation and solves for the optimal strategy. Expressions for the optimal strategy are obtained with a symbolic algebra computer package. Results are given for both international and American scoring systems. The model and analysis are very suitable for educational purposes.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Journal of Accounting Research

An Investigation of Revaluations of Tangible Long-Lived Assets

Author
Easton, Peter, Peter Eddey, and Trevor Harris

This paper documents the revaluation practice over a ten-year period from 1981 of a large sample of Australian firms and examines the association between these revaluations and stock market prices and returns. The analysis uses several different approaches in order to obtain a thorough understanding of the reevaluation process in Australia. We include a description of hand-collected data from published financial statements, follow-up interviews with chief financial officers of the sample firms, and association tests between hand-collected accounting data and stock market measures.

Read More
Type
Chapter
Date
1993
Book
Logistics of Production and Inventory

Centralized planning models for multi-echelon inventory systems under uncertainty

Author
Federgruen, Awi

In this chapter we discuss planning models for multi-echelon systems which allow for uncertain and nonstationary demand and lead time processes. We confine ourselves to so-called PUSH systems with a central decision maker, who possesses continuously or periodically updated information about all inventories of all products at all relevant facilities and production stages; all replenishment decisions in the system are determined centrally on the basis of this information.

Read More
Type
Journal Article
Date
1993
Journal
Journal of Experimental Psychology: Learning, Memory, and Cognition

Correlation, Conflict, and Choice

Author
Bettman, James, Eric Johnson, M. F. Luce, and John W. Payne
Examines the degree to which individuals adapt their decision processes to the degree of interattribute correlation and conflict characterizing a decision problem. Prediction that the more negatively correlated the attribute structure, the more people will use strategies that process much of the relevant information and make trade-offs; Computer simulation.
Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Journal of Consumer Research

Does Measuring Intent Change Behavior?

Author
Morwitz, V., Eric Johnson, and D. Schmittlein
Past research has established that, while self-reports of purchase intentions can predict behavior, various factors affect the strength of the intentions-behavior link. This article explores one such factor: the impact of merely measuring intent. Our specific question concerns the impact of measuring intent on subsequent purchase behavior Prior research suggests a mere-measurement hypothesis: that merely measuring intent will increase subsequent purchase behavior. We also suggest a polarization hypothesis: that repeated intent questions will have a polarizing effect on behavior.
Read More
Download PDF
Type
Journal Article
Date
1993

Does Measuring Intent Change Behavior?

Author
Morwitz, Vicki, Eric Johnson, and David C. Schmittlein
Read More
Type
Journal Article
Date
1993
Journal
The Journal of Economic Perspectives

Financial Factors in the Great Depression

Author
Calomiris, Charles

This essay reviews the literature on the role of the financial factors in the Depression, and draws some lessons that have more general relevance for the study of the Depression and for macroeconomics. I argue that much of the recent progress that has been made in understanding some of the most important and puzzling aspects of financial-real links in the Depression followed a paradigm shift in economics.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Review of Economic Studies

Incomplete Contracts, Vertical Integration, and Supply Assurance

Author
Bolton, Patrick and Michael Whinston

This paper extends the analysis of transactions cost models of vertical integration to multilateral settings. Its main focus is on supply assurance concerns which arise when several downstream firms are competing for inputs in limited supply. Integration reduces supply assurance concerns for an integrating firm but it may increase them for others. Therefore, to explain the scope of any firm, one must consider the overall network of production and distribution relations.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Journal of Finance

Influence Costs and Capital Structure

Author
Hodrick, Laurie Simon and Josef Zechner

This paper analyzes the role of capital structure in the presence of intrafirm influence activities. The hierarchical structure of large organizations inevitably generates attempts by members to influence the distributive consequences of organizational decisions. In corporations, for example, top management can reallocate or eliminate quasi rents earned by their employees, while at the same time, they must rely on these employees to provide them with information vital to their decision making.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
RAND Journal of Economics

Information Sharing in Oligopoly: The Truth Telling Problem

Author
Ziv, Amir

While under some circumstances information sharing in oligopoly may be beneficial, the literature ignores the possibility of strategic information sharing by assuming verifiability of data. I endogenize the incentives for truthful information sharing and prove that if firms have the ability to send misleading information, they will always do so. To overcome this problem I introduce a (costly) mechanism through which the firm will, in its own best interest, reveal the true value of its private information, even though outside verification is impossible.

Read More
Download PDF
Type
Journal Article
Date
1993
Journal
Academy of Management Review

Institutional and Competitive Bandwagons: Using Mathematical Modeling as a Tool to Explore Innovation Diffusion

Author
Abrahamson, Eric and Lori Rosenkopf

The sheer number of organizations adopting an innovation can cause a bandwagon pressure, prompting other organizations to adopt this innovation. Institutional bandwagon pressures occur because nonadopters fear appearing different from many adopters. Competitive bandwagon pressures occur because nonadopters fear below-average performance if many competitors profit from adopting.

Read More
Type
Working Paper
Date
1993

Leasing: The Strategic Option for Public Development

Author
Sagalyn, Lynne
In the 1980s, public entrepreneurship in real estate development evolved as the policy of choice for big cities. Stimulated by the most favorable market conditions in decades and pressed by continually tight budgets and cutbacks in federal funds, city officials seized upon the opportunity to capture benefits from the rising value of land. They did so by reworking existing strategies for the disposition and development of significant publicly owned property. In particular, in place of land sales many chose lease arrangements.
Read More
Download PDF
Type
Newspaper/Magazine Article
Date
1993
Publication
Marketing Review

Not All 'Definitely Will Buy's Will Buy: How to Determine Which Ones Will

Author
Morwitz, Vicki
Read More
Type
Journal Article
Date
1993
Journal
Journal of International Money and Finance

On Biases in the Measurement of Foreign Exchange Risk Premiums

Author
Bekaert, Geert and Robert Hodrick
The hypothesis that the forward rate is an unbiased predictor of the future spot rate has been consistently rejected in recent empirical studies. This paper examines several sources of measurement error and misspecification that might induce biases in such studies. Although previous inferences are shown to be robust to a failure to construct true returns and to omitted variable bias arising from conditional heteroskedasticity in spot rates, we show that the parameters were not stable over the 1975?89 sample period.
Read More
Download PDF

Pagination

  • First page 1
  • Ellipsis …
  • Page 81
  • Page 82
  • Page 83
  • Page 84
  • Current page 85
  • Page 86
  • Page 87
  • Page 88
  • Page 89
  • Ellipsis …
  • Last page 96
  • Read the Latest Research Briefs
Official Logo of Columbia Business School

Columbia University in the City of New York
665 West 130th Street, New York, NY 10027
Tel. 212-854-1100

Maps and Directions
    • Centers & Programs
    • Current Students
    • Corporate
    • Directory
    • Support Us
    • Recruiters & Partners
    • Faculty & Staff
    • Newsroom
    • Careers
    • Contact Us
    • Privacy & Policy Statements
Back to Top Upward arrow
TOP

© Columbia University

  • Twitter
  • Instagram
  • Facebook
  • YouTube
  • LinkedIn