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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.

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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.

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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.

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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.

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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.

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Type
Journal Article
Date
2016
Journal
The Accounting Review

Managerial Performance Evaluation and Real Options

Author
Baldenius, Tim, A. Nezlobin, and I. Vaysman

In a dynamic setting with demand following a random process, we ask how investment and operating decisions can be delegated to a manager with unknown time preferences. Only the manager observes the demand realization in each period and, therefore, has private information when choosing whether to acquire the productive asset and, subsequently, how to utilize it. We derive accrual accounting-based performance measures under which the manager will make the efficient decisions provided the investment date is exogenously given.

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Type
Journal Article
Date
2016
Journal
Review of Financial Studies

Misinformed Speculators and Mispricing in the Housing Market

Author
Chinco, Alex and Christopher Mayer

This paper examines the contribution of out-of-town second-house buyers to mispricing in the housing market. We show that demand from out-of-town second-house buyers during the mid 2000s predicted not only house-price appreciation rates but also implied-to-actual-rent-ratio appreciation rates, a proxy for mispricing. We then apply a novel identification strategy to address the issue of reverse causality.

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Type
Journal Article
Date
2016
Journal
Journal of Advertising

Mistaken Inferences from Advertising Conversations: A Modest Research Agenda

Author
Johar, Gita

I review the changing advertising landscape and suggest that the definition of advertising has inherently changed. Using the current advertising context, I develop research questions that consumer behavior scholars are well poised to address. This research agenda is rooted in real-world observations about advertising and can help us develop new theories about when, how, and why advertising influences and persuades consumers. A recurring theme in this article is that consumers may be misled due to information overload from multiple channels and sources.

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Type
Chapter
Date
2016
Book
Emotions and Personality in Personalized Services

Models of Personality

Author
Matz, Sandra, Y. Chan, and M. Kosinski

Sandra Matz, Yin Wah Fiona Chan, and Michael Kosinsky survey models of personality. They cover a wide range of personality models including the most popular Five Factor Model (FFM). The authors stress the importance of the underlying assumptions, which lead to each model. The discussion includes also the relationships between the models and the suitability of the models for automatic detection of personality through digital footprints.

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Type
Journal Article
Date
2016
Journal
Psychological Science

Money Buys Happiness When Spending Fits Our Personality

Author
Matz, Sandra, J.J. Gladstone, and D. Stillwell

In contrast to decades of research reporting surprisingly weak relationships between consumption and happiness, recent findings suggest that money can indeed increase happiness if it is spent the "right way" (e.g., on experiences or on other people). Drawing on the concept of psychological fit, we extend this research by arguing that individual differences play a central role in determining the "right" type of spending to increase well-being.

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Type
Working Paper
Date
2016

Moving the Conceptual Framework Forward: Recognition and Measurement

Author
Penman, Stephen and Richard Barker
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Type
Journal Article
Date
2016
Journal
Current Opinion in Psychology

Multicultural identity processes

Author
Hong, Ying-Yi, S. Zhan, Michael Morris, and Veronica Benet-Martinez

The study of multicultural identity has gained prominence in recent decades and will be even more urgent as the mobility of individuals and social groups becomes the "new normal." This paper reviews the state-of-the-art theoretical advancements and empirical discoveries of multicultural identity processes at the intrapersonal, interpersonal, and collective (e.g., organizational, societal) levels. First, biculturalism has more benefits for individuals’ psychological and sociocultural adjustment than monoculturalism.

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Type
Working Paper
Date
2016

On Market Concentration and Disclosure

Author
Edwige, Cheynel and Amir Ziv
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Type
Journal Article
Date
2016
Journal
Journal of Economic Theory

Optimal consumption and savings with stochastic income and recursive utility

Author
Wang, Chong, Neng Wang, and Jinqiang Yang

We develop a tractable incomplete-markets model with an earnings process Y subject to permanent shocks and borrowing constraints. Financial frictions cause the marginal (certainty equivalent) value of wealth W to be greater than unity and decrease with liquidity w=W/Y. Additionally, financial frictions cause consumption to decrease with this endogenously determined marginal value of liquidity. Risk aversion and the elasticity of inter-temporal substitution play very different roles on consumption and the dispersion of w.

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Type
Working Paper
Date
2016

Patent Value and the Tobin&#39;s <em>q</em> Ratio in Media Services

Author
Harrigan, Kathryn and Maria DiGuardo
Changes in a firm's backward-dispersion patent-citation score are a useful, non-financial indicator of patent value that is positively-related to Tobin's q. V-scores, which analyze content patterns between patents' technological-class codes and those of their antecedents, provide contemporaneous information for investors to assess firms' economic prospects that is more time-sensitive than forward-looking information such as forward citations.
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Type
Chapter
Date
2016
Book
Routledge International Handbook of Consumer Psychology

Personality-customised Advertising in the Digital Environment

Author
Matz, Sandra
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Type
Journal Article
Date
2016
Journal
American Economic Review

Poverty and Economic Decision-Making: Evidence from Changes in Financial Resources at Payday

Author
Carvalho, Leandro, Stephan Meier, and Stephanie Wang
We study the effect of financial resources on decision-making. Low-income U.S. households are randomly assigned to receive an online survey before or after payday. The survey collects measures of cognitive function and administers risk and intertemporal choice tasks. The study design generates variation in cash, checking and savings balances, and expenditures. Before-payday participants behave as if they are more present-biased when making intertemporal choices about monetary rewards but not when making intertemporal choices about non-monetary real-effort tasks.
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Type
Newspaper/Magazine Article
Date
2016
Publication
Journal of Experimental Social Psychology

Power and perspective-taking: A critical examination

Author
Galinsky, Adam, Derek D. Rucker, and Joe Magee
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Type
Journal Article
Date
2016
Journal
The Journal of Law, Economics and Organization

Price Delegation and Performance Pay: Evidence from Industrial Sales Forces

Author
Dessein, Wouter, Mrinal Ghosh, Francine Lafontaine, and Desmond Lo

Delegation is a central feature of organizational design that theory suggests should be aligned with the intensity of incentives. We explore a specific form of delegation, namely price delegation, whereby firms allow sales people to offer a maximum discount from the list price to their customers. We develop a model of the price delegation decision based on information acquisition that relies on characteristics of our empirical context of industrial sales.

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Type
Journal Article
Date
2016
Journal
Journal of Consumer Research

Products as Self-Evaluation Standards: When Owned and Unowned Products Have Opposite Effects on Self-Judgment

Author
Weiss, Liad and Gita Johar

Consumers frequently evaluate their own traits before making consumption decisions (e.g., am I thin enough for skinny jeans?). The outcome of these self-evaluations depends on the standard consumers use and on whether they evaluate self in assimilation or contrast to that standard. Previous self-judgment research has focused on self-standards that arise from social aspects of the environment, including people and groups.

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Type
Chapter
Date
2016
Book
Career Paths in Psychology: Where Your Degree Can Take You

Psychologists in a business school: Where theory meets practice

Author
Galinsky, Adam, Malia Mason, and Joel Brockner
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Type
Journal Article
Date
2016
Journal
Journal of Accounting & Economics

Relational Contracts with and between Agents

Author
Baldenius, Tim, Jonathan Glover, and H. Xue

Firms often use both objective/verifiable and subjective/non-verifiable performance measures to provide employees with effort incentives. We study a principal/two-agent model in which an objective team-based performance measure and subjective individual performance measures are available for contracting. A problem with tying rewards to subjective measures is that the principal may have incentives to understate the realization of those measures in order to reduce compensation. We compare two mechanisms for overcoming this credibility problem: bonus pools and reputation.

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Type
Journal Article
Date
2016
Journal
Journal of Mathematical Economics

Risk Neutrality Regions

Author
Kannai, Yakar, Minwook Kang, Larry Selden, and Xiao Wei

An Expected Utility maximizer can be risk neutral over a set of non-degenerate multivariate distributions even though her NM (von Neumann Morgenstern) index is not linear. We provide necessary and sufficient conditions for an individual with a concave NM utility to exhibit risk neutral behavior and characterize the regions of the choice space over which risk neutrality is exhibited. The least concave decomposition of the NM index introduced by Debreu [3] plays an important role in our analysis as do the notions of minimum concavity points and minimum concavity directions.

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Type
Journal Article
Date
2016
Journal
Social Cognition

Social belonging motivates categorization of racially ambiguous faces

Author
Gaither, S.E., K. Pauker, Michael Slepian, and Samuel Sommers
Categorizing racially ambiguous individuals is multifaceted, and the current work proposes social-motivational factors also exert considerable influence on how racial ambiguity is perceived, directing the resolution of ambiguity in a manner that is functionally beneficial to the perceiver. Four studies tested two motivations related to social belonging: belonging needs and racial identification.
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Type
Chapter
Date
2016
Book
Handbook of Marketing Decision Models

Social Media and User Generated Content Analysis

Author
Moe, Wendy, Oded Netzer, and David Schweidel
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Type
Journal Article
Date
2016
Journal
Organization Science

Social Responsibility Messages and Worker Wage Requirements: Field Experimental Evidence from Online Labor Marketplaces

Author
Burbano, Vanessa

This paper examines the effects of employer social responsibility on the wages workers demand through randomized field experiments in two online labor marketplaces. Workers were recruited for short-term jobs and I manipulated whether or not they received information about the employer's social responsibility. I then observed the payment workers were willing to accept for the job.

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Type
Journal Article
Date
2016
Journal
Economica

Spatial Asset Pricing: A First Step

Author
Ortalo-Magne, Francois and Andrea Prat

People choose where to live and how much to invest in housing. Traditionally, the first decision has been the domain of spatial economics, while the second has been analyzed in finance. Spatial asset pricing is an attempt to combine equilibrium concepts from both disciplines. In the finance context, we show how spatial decisions can be framed as an expanded portfolio problem. Within spatial economics, we identify the consequences of hedging motives for location decisions.

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Type
Working Paper
Date
2016

The Complementarity Effects of M&A Diversification and Knowledge Recombination on Innovation Performance: Evidence from the U.S. Electronics Industry

Author
Harrigan, Kathryn and Maria DiGuardo
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Type
Journal Article
Date
2016
Journal
Journal of Experimental Psychology: General

The hidden effects of recalling secrets: Assimilation, contrast, and the burdens of secrecy

Author
Slepian, Michael, E.J. Masicampo, and Adam Galinsky

Three high-power studies (N = 3,000 total) demonstrated that asking participants to recall an experience as a manipulation can have unintended consequences. Participants who recalled preoccupying secrets made more extreme judgments of an external environment, supporting the notion that secrecy is burdensome. This influence was found, however, only among a subset of participants (i.e., participants who successfully recalled secrets that corresponded to their condition). We introduce the concept of manipulation correspondence to understand these patterns of results.

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Type
Journal Article
Date
2016
Journal
Journal of Finance

The Impact of Venture Capital Monitoring

Author
Bernstein, Shai, Xavier Giroud, and Richard Townsend

We show that venture capitalists' (VCs) on-site involvement with their portfolio companies leads to an increase in (1) innovation and (2) the likelihood of a successful exit. We rule out selection effects by exploiting an exogenous source of variation in VC involvement: the introduction of new airline routes that reduce VCs' travel times to their existing portfolio companies.

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Type
Newspaper/Magazine Article
Date
2016
Publication
Journal of Applied Psychology

The information-anchoring model of first offers: When and why moving first helps versus hurts negotiators

Author
Loschelder, David D., Roderick I. Swaab, R. Troetschel, and Adam Galinsky

Does making the first offer increase or impair a negotiator's outcomes? Past research has found evidence supporting both claims. To reconcile these contradictory findings, we developed and tested an integrative model — the Information-Anchoring Model of First Offers. The model predicts when and why making the first offer helps versus hurts. We suggest that first offers have 2 effects. First, they serve as anchors that pull final settlements toward the initial first-offer value; this anchor function often produces a first-mover advantage.

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Type
Newspaper/Magazine Article
Date
2016
Publication
Organization Science

The perils of power without status: Interpersonal conflict and demeaning treatment in organizations

Author
Anicich, Eric M., N. Fast, N. Halevy, and Adam Galinsky
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Type
Journal Article
Date
2016
Journal
Journal of Consumer Psychology

The price does not include additional taxes, fees, and surcharges: A review of research on partitioned pricing

Author
Greenleaf, Eric, Eric Johnson, V. Morwitz, and Edith Shalev
In the past two decades, pricing research has paid increasing attention to instances where a product's price is divided into a base price and one or more mandatory surcharges, a practice termed partitioned pricing. Recently, partitioned pricing strategies in the marketplace have become more pervasive and complex, raising concerns that consumers do not always fully attend to or process all price information, and underestimate total prices, which in turn influences their purchasing behavior.
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Type
Journal Article
Date
2016
Journal
Journal of Consumer Psychology

The Price Does Not Include Additional Taxes, Fees, and Surcharges: A Review of Research on Partitioned Pricing

Author
Greenleaf, Eric, Eric Johnson, Vicki Morwitz, and Edith Shalev

In the past two decades, pricing research has paid increasing attention to instances where a product's price is divided into a base price and one or more mandatory surcharges, a practice termed partitioned pricing. Recently, partitioned pricing strategies in the marketplace have become more pervasive and complex, raising concerns that consumers do not always fully attend to or process all price information, and underestimate total prices, which in turn influences their purchasing behavior.

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Type
Chapter
Date
2016

The Price of Faith: Political Determinants of the Commercialization of Buddhist Temples in China

Author
Yue, Lori, Jue Wang, and Botao Yang

The market’s expansion into the traditional nonmarket sphere often provokes fierce opposition, and while past research has studied cultural barrier as a bar to market expansion, this paper considers the role of political forces in shaping the boundary of market. The state plays an important role in defining what kinds of goods can be traded and what kinds of organizations can be legitimate players in markets. But the state does not do so randomly, and it uses markets to fulfil the need for state building.

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Type
Working Paper
Date
2016

The Role of a Step-Down Unit in Improving Patient Outcomes

Author
Chan, Carri W., Linda Green, Lijian Lu, and Gabriel Escobar

This paper examines the role of a hospital Step-Down Unit (SDU) on patient flows and patient outcomes. An SDU provides an intermediate level of care for semi-critically ill patients who are not sick enough to require intensive care but not stable enough to be treated in the general medical/surgical ward (ward). Using data from 10 hospitals from a single hospital network, we use an instrumental variable approach to estimate the impact on patient outcomes of routing patients to the SDU following Intensive Care Unit (ICU) discharge.

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Type
Journal Article
Date
2016
Journal
Trends in Cognitive Sciences

The social regulation of emotion: An integrative, cross-disciplinary model.

Author
Ames, Daniel and Kevin Ochsner
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Type
Working Paper
Date
2016

The Ties That B(l)ind: How Social Connectedness Diminishes Individual Influence in Group Judgments

Author
Iyengar, Sheena
In organizations, judgments made by groups benefit from having the input of a wide range of perspectives, but in many cases, judgment outcomes do not reflect them equally. Research on social influence has long established that individual members who hold opinions that deviate from those of their other group members have less influence on a group's judgments. However, to what extent is this relationship conditional on the presence of internal social ties among group members (or lack thereof)?
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Type
Newspaper/Magazine Article
Date
2016
Publication
PLOS ONE

Transforming Water: Social Influence Moderates Psychological, Physiological, and Functional Response to a Placebo Product

Author
Crum, A.J., D.J. Phillips, J.P. Goyer, Modupe Akinola, and E. Tory Higgins
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Type
Journal Article
Date
2016
Journal
Journal of Economic Behavior & Organization

Trust and in-group favoritism in a culture of crime

Author
Meier, Stephan, Lamar Pierce, Antonino Vaccaro, and Barbara La Cara
We use experiments in high schools in two neighborhoods in the metropolitan area of Palermo, Italy to experimentally support the argument that the historical informal institution of organized crime can undermine current institutions, even in religiously and ethnically homogeneous populations. Using trust and prisoner's dilemma games, we found that students in a neighborhood with high Mafia involvement exhibit lower generalized trust and trustworthiness, but higher in-group favoritism, with punishment norms failing to resolve these deficits.
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Type
Journal Article
Date
2016

Tutorials in Consumer Research

Author
Dahl, Darren, Eileen Fischer, Gita Johar, and Vicki Morwitz

 

 

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Type
Chapter
Date
2016
Book
Handbook of Qualitative Organizational Research: Innovative Pathways and Methods

Ups and Downs: Trends in the Development and Reception of Qualitative Methods

Author
Mauskapf, Michael and Paul Hirsh
Mauskapf and Hirsch provide a detailed historical account of the trajectory of qualitative methods, reflecting trends in opportunities, agendas, and technologies available to organizational scholars.
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Type
Working Paper
Date
2016

Using Distance Measures to Operationalize Patent Originality

Author
Harrigan, Kathryn, Maria DiGuardo, Elona Marku, and Brian Velez
A distance-score methodology (the V-score) for constructing firms' backward-dispersion patent-citation scores improves upon the much-used counting methodology of NBER studies because (a) it incorporates the technology-class codes of prior-art citations that are unlike the technology-class codes of a focal patent's grant in a different way, and (b) it adjusts for dynamics in technological convergence that have occurred over time.
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Type
Journal Article
Date
2016
Journal
Journal of Construction Engineering and Management

Using Framing Effects to Inform More Sustainable Infrastructure Design Decisions

Author
Shealy, Tripp, Leidy Klotz, Elke Weber, and Eric Johnson
Decision aids, ranging from rating systems to design software to regulatory standards, guide the design and evaluation of infrastructure projects. To present the information in these decision aids, there must first be some options such as, attributes are or are not presented, and, just as in other domains, these factors are likely to influence decisions in infrastructure development. The authors of this paper seek to better understand how choice structures influence engineering decisions.
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Type
Journal Article
Date
2016
Journal
Abacus

Valuation: Accounting for Risk and the Expected Return

Author
Penman, Stephen

Under accounting principles, the recognition of earnings is path-dependent and the path depends on risk and its resolution: under the so-called realization principle, earnings are not booked until uncertainty is resolved. In asset pricing terms, the principle means that earnings cannot be recognized until the firm can book a low-beta asset such as cash or a near-cash discounted receivable. If the risk to which this accounting responds is priced risk, the accounting indicates the expected return.

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Type
Newspaper/Magazine Article
Date
2016
Publication
Academy of Management Journal

Whatever it takes: The consequences of rivalry for unethical behavior

Author
Kilduff, G., Adam Galinsky, E. Gallo, and J.J. Reade

This research investigates the link between rivalry and unethical behavior. We propose that people will be more willing and likely to engage in unethical behavior when competing against their rivals than when competing against non-rival competitors. Further, we argue that rivalry may act as a mindset such that mere exposure to one’s rivals can be enough to incite unethical behavior even in domains unrelated to that rivalrous relationship.

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Type
Chapter
Date
2016
Book
The Social Psychology of Morality

When perspective-takers turn unethical

Author
Galinsky, Adam and Alice J. Lee
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Type
Book
Date
2016

Who Owns the World’s Media? Media Concentration and Ownership around the World

Author
Noam, Eli

Media concentration has been an issue around the world. To some observers the power of large corporations has never been higher. To others, the Internet has brought openness and diversity. What perspective is correct? The answer has significant implications for politics, business, culture, regulation, and innovation. It addresses a highly contentious subject of public debate in many countries around the world. In this discussion, one side fears the emergence of media empires that can sway public opinion and endanger democracy.

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Type
Case Study
Date
2016

Why Do Companies Wait So Long to Turn Around Operations?

Author
Harrigan, Kathryn
This note discusses the most common reasons that companies delay in facing the market realities and chaotic internal situations that often necessitate a turnaround. The note concludes by discussing the benefits managers derive from acting quickly, before the situation becomes dire.
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Type
Journal Article
Date
2016
Journal
Leader to Leader

Why every great leader needs to be a great perspective taker

Author
Galinsky, Adam and M. Schweitzer

Perspective taking is a crucial leadership skill, yet Galinsky and Schweitzer contend that it becomes more difficult the higher you rise in an organization. Gaining perspective helps to motivate others, communicate more clearly, and navigate difficult or tense situations. Their article includes research they conducted with psychologists at the University of Iowa, the University of California-Los Angeles, and New York University, as well as an anecdote about President John F. Kennedy and the 1962 Cuban missile crisis.

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Type
Journal Article
Date
2015
Journal
Journal of Finance

Asset Quality Misrepresentation by Financial Intermediaries: Evidence from the RMBS Market

Author
Piskorski, Tomasz, Amit Seru, and James Witkin

We document that contractual disclosures by intermediaries during the sale of mortgages contained false information about the borrower's housing equity in 7–14% of loans. The rate of misrepresented loan default was 70% higher than for similar loans. These misrepresentations likely occurred late in the intermediation and exist among securities sold by all reputable intermediaries. Investors — including large institutions — holding securities with misrepresented collateral suffered severe losses due to loan defaults, price declines, and ratings downgrades.

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Type
Working Paper
Date
2015

On the Origins and Development of Pakistan's Soccer-Ball Cluster

Author
Atkin, David, Azam Chaudhry, Shamyla Chaudry, Amit Khandelwal, Tariq Raza, and Eric Verhoogen

Sialkot, Pakistan is the world center of hand-stitched soccer-ball production, home to roughly 130 firms, which produce for all major brands (Atkin et al 2015a, 2015b). At first blush, the existence of this cluster is puzzling. Pakistanis’ sporting passion is cricket; soccer has always been of marginal interest in the country. One might be tempted to dismiss the existence of a cluster where there is no apparent local demand as an anomaly, curious in itself but not indicative of a deeper pattern. But the phenomenon is not uncommon.

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Type
Journal Article
Date
2015

Reflections on the Replication Corner: In Praise of Conceptual Replications

Author
Lynch, John G. Jr, Eric T. Bradlow, Joel C. Huber, and Donald Lehmann
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Type
Chapter
Date
2015
Book
Routledge Companion to Turnaround Management and Bankruptcy

Why Do Companies Need a Turnaround and Why Do They Wait So Long?

Author
Harrigan, Kathryn
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Type
Journal Article
Date
2015
Journal
Organizational Behavior and Human Decision Processes

Affect as an Ordinal System of Utility Assessment

Author
Pham, Michel Tuan, Ali Faraji-Rad, Olivier Toubia, and Leonard Lee

Is the perceived value of things an absolute measurable quantity, as in economists’ notion of “cardinal utility,” or a relative assessment of the various objects being evaluated, as in economists’ notion of “ordinal utility”? We believe that the answer depends in part upon which judgment system underlies the evaluation. Specifically, we advance the proposition that due to its distant evolutionary roots, the affective system of judgment is inherently more ordinal (less cardinal) than the cognitive system.

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