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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
2011
Journal
Communications and Strategies

Beyond Net Neutrality: End-User Sovereignty

Author
Noam, Eli

This article discusses the underlying dynamics behind the present debate over net-neutrality, analyzes the pro's and con's, concludes that the debate is based on false premises, and proposes a better solution — end-user sovereignty — that is both open and only lightly regulated.

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Type
Chapter
Date
2011

Biases in the Processing of Price Information

Author
Morwitz, Vicki
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Type
Journal Article
Date
2011
Journal
Labour Economics

Can a Workplace Have an Attitude Problem? Workplace Effects on Employee Attitudes and Organizational Performance

Author
Bartel, Ann, Richard Freeman, and Morris Kleiner

Using the employee opinion survey responses from several thousand employees working in 193 branches of a major U.S. bank, we consider whether there is a distinctive workplace component to employee attitudes despite the common set of corporate human resource management practices that cover all the branches. Several different empirical tests consistently point to the existence of a systematic branch-specific component to employee attitudes.

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Type
Journal Article
Date
2011
Journal
Labour Economics

Can a Workplace Have an Attitude Problem? Workplace Effects on Employee Attitudes and Organizational Performance

Author
Bartel, Ann, Richard Freeman, and Morris Kleiner

Using the employee opinion survey responses from several thousand employees working in 193 branches of a major U.S. bank, we consider whether there is a distinctive workplace component to employee attitudes despite the common set of corporate human resource management practices that cover all the branches. Several different empirical tests consistently point to the existence of a systematic branch-specific component to employee attitudes.

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Type
Journal Article
Date
2011
Journal
Education Finance and Policy

Can You Recognize an Effective Teacher When You Recruit One?

Author
Jacob, Brian, Thomas Kane, Jonah Rockoff, and Douglas Staiger

Research on the relationship between teachers' characteristics and teacher effectiveness has been underway for over a century, yet little progress has been made in linking teacher quality with factors observable at the time of hire. However, most research has examined a relatively small set of characteristics that are collected by school administrators in order to satisfy legal requirements and set salaries.

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Type
Journal Article
Date
2011
Journal
Journal of Experimental Psychology: General

Choice by value encoding and value construction: Processes of loss aversion

Author
Willemsen, M., Ulf Böckenholt, and Eric Johnson
Loss aversion and reference dependence are 2 keystones of behavioral theories of choice, but little is known about their underlying cognitive processes. We suggest an additional account for loss aversion that supplements the current account of the value encoding of attributes as gains or losses relative to a reference point, introducing a value construction account. Value construction suggests that loss aversion results from biased evaluations during information search and comparison processes.
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Type
Journal Article
Date
2011
Journal
Journal of Musicological Research

Collective Virtuosity in Bartok's Concerto for Orchestra

Author
Mauskapf, Michael
Hailed as a critical and popular success since its premiere in December 1944, Bela Bartok's Concerto for Orchestra is most often discussed as the accessible masterpiece that helped launch a posthumous resurgence of the composer's earlier musical output. Yet the historical and aesthetic significance of this work in relation to American orchestral life — and Serge Koussevitzky's Boston Symphony Orchestra in particular — remains largely ignored.
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Type
Chapter
Date
2011
Book
Research Handbook on the Economics of Property Law

Covenant Lite Lending, Liquidity and Standardization of Financial Contracts

Author
Ayotte, Kenneth and Patrick Bolton

In this chapter, Kenneth Ayotte and Patrick Bolton model the role that mandatory standardization plays in reducing the costs of financial contracting and improving liquidity. In particular, they identify opportunities for financial contractors to appropriate value from unknowing third parties and show that rules that standardize contracts can serve as a commitment device against such demand-dampening pitfalls facing these other parties. Mandatory standardization thereby can improve the liquidity of secondary markets from loan contracts.

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Type
Journal Article
Date
2011
Journal
The Review of Financial Studies

Credit Default Swaps and the Empty Creditor Problem

Author
Bolton, Patrick

The empty creditor problem arises when a debtholder has obtained insurance against default but otherwise retains control rights in and outside bankruptcy. We analyze this problem from an ex-ante and ex-post perspective in a formal model of debt with limited commitment, by comparing contracting outcomes with and without insurance through credit default swaps (CDS).

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Type
Journal Article
Date
2011
Journal
Marketing Science

Cross-Market Discounts

Author
Goic, Marcel, Kinshuk Jerath, and Kannan Srinivasan

Firms in several markets attract consumers by offering discounts in other unrelated markets. This promotion strategy, which we call "cross-market discounts," has been successfully adopted in the last few years by many grocery retailers in partnership with gasoline retailers across North America, Europe, and Australia. In this paper, we use an analytical model to investigate the major forces driving the profitability of this novel promotion strategy. We consider a generalized scenario in which purchases in a source market lead to price discounts redeemable in a target market.

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Type
Journal Article
Date
2011
Journal
Journal of Cross-Cultural Psychology

Deity and Destiny: Patterns of Fatalistic Thinking in Christian and Hindu Cultures

Author
Young, Maia, Michael Morris, Jeremy Burrus, Lilavati Krishnan, and Murari Prasad Regmi

The current studies investigate whether different forms of fatalistic thinking follow from the Christian and Hindu cosmologies. We found that fatalistic interpretations of one's own life events center on deity influence for Christians, especially for those high in religiosity; however, Hindu interpretations of one's own life emphasized destiny as much as deity. Also, the focus on fate over chance when explaining others' misfortunes depends on the presence of known misdeeds for Christians, but not for Hindus.

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Type
Chapter
Date
2011
Book
Leveraging Consumer Psychology for Effective Health Communications: The Obesity Challenge

Design of Effective Obesity Communications: Insights from Consumer Research

Author
Keller, Punam and Donald Lehmann
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Type
Working Paper
Date
2011

Did Doubling Reserve Requirements Cause the Recession of 1937–1938? A Microeconomic Approach

Author
Calomiris, Charles, Joseph Mason, and David C. Wheelock
In 1936–37, the Federal Reserve doubled the reserve requirements imposed on member banks. Ever since, the question of whether the doubling of reserve requirements increased reserve demand and produced a contraction of money and credit, and thereby helped to cause the recession of 1937–1938, has been a matter of controversy.
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Type
Case Study
Date
2011

Did General Motors Produce to Match Demand?

Author
Harris, Trevor, Costis Maglaris, Nicolás Stier-Moses, and Paul Glasserman
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Type
Working Paper
Date
2011

Do CEOs matter?

Author
Bennedsen, Morten, Francisco Perez-Gonzalez, and Daniel Wolfenzon

Estimating the value of top managerial talent is a central topic of research that has attracted widespread attention from academics and practitioners. Yet, testing for the importance of chief executive officers (CEOs) on firm outcomes is challenging. In this paper we test for the impact of CEOs on performance by assessing the effect of (1) CEO deaths and (2) the death of CEOs' immediate family members (spouse, parents, children, etc).

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Type
Journal Article
Date
2011
Journal
Journal of Accounting and Economics

Do the SEC's Enforcement Preferences Affect Corporate Misconduct?

Author
Kedia, Simi and Shivaram Rajgopal

Recent frauds have questioned the efficacy of the SEC's enforcement program. We hypothesize that differences in firms' information sets about SEC enforcement and constraints facing the SEC affect firms' proclivity to adopt aggressive accounting practices. We find that firms located closer to the SEC and in areas with greater past SEC enforcement activity, both proxies for firms' information about SEC enforcement, are less likely to restate their financial statements.

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Type
Journal Article
Date
2011
Journal
Journal of International Economics

Does Corporate Governance Risk at Home Affect Investment Choices Abroad?

Author
Kim, Woochan, Taeyoon Sung, and Shang-Jin Wei

Disparity between control and ownership rights gives rise to the risk of tunneling by the controlling shareholder. This disparity is prevalent in many emerging market economies and present in some developed countries. This paper studies whether and how the degree of control-ownership disparity in investors' home countries affects their portfolio choice in an emerging market. It combines two unique data sets on ownership and control in business groups, and investor-stock level foreign investment in Korea.

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Type
Journal Article
Date
2011
Journal
Perspectives on Psychological Science

Drunk, powerful, and in the dark: How general processes of disinhibition produce both prosocial and antisocial behavior

Author
Hirsh, Jacob B., Adam Galinsky, and C.B. Zhong

Social power, alcohol intoxication, and anonymity all have strong influences on human cognition and behavior. However, the social consequences of each of these conditions can be diverse, sometimes producing prosocial outcomes and other times enabling antisocial behavior. We present a general model of disinhibition to explain how these seemingly contradictory effects emerge from a single underlying mechanism: The decreased salience of competing response options prevents activation of the Behavioral Inhibition System (BIS).

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Type
Journal Article
Date
2011
Journal
Mathematical Programming (Series A)

Erratum to &#34;The Capacitated Max <em>k</em>-Cut Problem&#34;

Author
Gaur, Daya, Ramesh Krishnamurti, and Rajeev Kohli
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Type
Working Paper
Date
2011

Estimating the Value of The Boss: Evidence from CEO Hospitalization Events

Author
Bennedsen, Morten, Francisco Perez-Gonzalez, and Daniel Wolfenzon

This paper shows that Chief Executive Officers (CEOs) meaningfully affect firm performance. Using variation in CEO exposure resulting from the numer of days a CEO is hospitalized, we provide estimates of the effect of CEOs on firm policies, holding firm and CEO matches constant. We have four main findings. First, CEOs have an economically and statistically significant effect on profitability, revenue, and investment outcomes. Firms whose CEOs are hospitalized underperform when their chief executives are sick but otherwise exhibit similar performance relative to other firms.

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Type
Chapter
Date
2011
Book
Life in the Eurozone, with and without Sovereign Default

Exiting the Euro Crisis

Author
Calomiris, Charles

What do economics and history have to tell us about the ways euro zone countries are likely to resolve their problems of fiscal unsustainability and banking system insolvency? In answering that question, I am among the most pessimistic observers of the likely future of the euro and its membership. In my view, the euro zone's likely failure to avoid at least some departures, if not total collapse, reflects its poor initial institutional design.

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Type
Journal Article
Date
2011
Journal
Foundations and Trends in Marketing

Experience Marketing: Concepts, Frameworks and Consumer Insights

Author
Schmitt, Bernd

Experience is a new and exciting concept marketing academia and practice. This monograph reviews the various meanings of experience as the term is used in philosophy, psychology, and in consumer behavior and marketing. I will discuss the key concepts of experience marketing such as experiential value, different types of experiences, the distinction between ordinary and extraordinary experiences and experience touchpoints.

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Type
Chapter
Date
2011
Book
The Blackwell Handbook of Organizational Learning and Knowledge Management

Fads, Fashions and the Fluidity of Knowledge: The Story of Peter Senge&#39;s &#39;The Learning Organization&#39;

Author
Abrahamson, Eric, Mikelle Calhoun, and William Starbuck
This chapter uses the story of Peter Senge's "The Learning Organization" (TLO) and talks about "learning organizations" to illustrate how management fads and fashions affect the spread of knowledge. Some commentators labeled Senge's successful TLO work a "fad." Implicit in such labeling is derision and suggestion that association with TLO lacks benefit. New management techniques often provoke skepticism and when miracles do not occur, receive the same derogatory "fad" label. Is the negativism associated with management fads and fashions warranted?
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Type
Journal Article
Date
2011
Journal
World Development

Financial Openness and Productivity

Author
Bekaert, Geert, Campbell Harvey, and Christian Lundblad

Financial openness is often associated with higher rates of economic growth. We show that the impact of openness on factor productivity growth is more important than the effect on capital growth. This explains why the growth effects of liberalization appear to be largely permanent, not temporary. We attribute these permanent liberalization effects to the role financial openness plays in stock market and banking sector development, and to changes in the quality of institutions. We find some indirect evidence of higher investment efficiency post-liberalization.

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Type
Journal Article
Date
2011
Journal
Journal of Accounting and Economics

Financial Reporting Quality and Idiosyncratic Return Volatility

Author
Rajgopal, Shivaram and Mohan Venkatachalam

Campbell et al. (2001) document that firms' stock returns have become more volatile in the U.S. since 1960. We hypothesize and find that deteriorating earnings quality is associated with higher idiosyncratic return volatility over 1962–2001.

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Type
Journal Article
Date
2011
Journal
Marketing Science

Firm Strategies in the &#34;Mid Tail&#34; of Platform-Based Retailing

Author
Jiang, Baojun, Kinshuk Jerath, and Kannan Srinivasan

While millions of products are sold on its retail platform, Amazon.com itself stocks and sells only a very small fraction of them. Most of these products are sold by third-party sellers who pay Amazon a fee for each unit sold. Empirical evidence clearly suggests that Amazon tends to sell high-demand products and leave long-tail products for independent sellers to offer.

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Type
Journal Article
Date
2011
Journal
Operations Research

General Bounds and Finite-Time Improvement for the Kiefer-Wolfowitz Stochastic Approximation Algorithm

Author
Broadie, Mark, Deniz Cicek, and Assaf Zeevi

We consider the Kiefer-Wolfowitz (KW) stochastic approximation algorithm and derive general upper bounds on its mean-squared error. The bounds are established using an elementary induction argument and phrased directly in the terms of tuning sequences of the algorithm. From this we deduce the non- necessity of one of the main assumptions imposed on the tuning sequences in the Kiefer-Wolfowitz paper and essentially all subsequent literature.

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Type
Case Study
Date
2011

General Motors 2.0 What Happened? What's Next?

Author
Kogut, Bruce
On June 1, 2009, General Motors filed for bankruptcy protection following a US government bailout. It marked a low point for the 100-year old company, which had reigned as the world's largest automaker until 2007. As US taxpayers looked for a return on their investment and GM's many stakeholders sought reassurances about the company's future, the automaker was under pressure to map a plan for becoming competitive again. In this case students analyze data about GM and its competitors in the auto industry to determine strategies for creating a successful 2.0 version of the auto giant.
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Type
Case Study
Date
2011

General Motors: Capital Structure and the Costs of Financial Distress

Author
Wolfenzon, Daniel, Trevor Harris, and Andrew Hertzberg
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Type
Journal Article
Date
2011
Journal
Journal of Consumer Research

Generous paupers and stingy princes: Power drives consumers&#39; spending on self versus others

Author
Rucker, Derek D., David Dubois, and Adam Galinsky

This research examines how consumers' spending on themselves versus others can be affected by temporary shifts in their states of power. Five experiments found that individuals experiencing a state of power spent more money on themselves than on others, whereas those experiencing a state of powerlessness spent more money on others than on themselves. This effect was observed using a variety of power manipulations (hierarchical roles, print advertisements, episodic recall, and mental role-playing), across spending intentions and actual dollars spent, and among college and national samples.

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Type
Journal Article
Date
2011
Journal
Journal of Financial and Quantitative Analysis

Governance Problems in Closely-Held Corporations

Author
Nagar, Venky, Kathy Petroni, and Daniel Wolfenzon

A major governance problem in closely-held corporations arising from the illiquidity of shares is the majority shareholders' expropriation of minority shareholders. As a solution, legal and finance research recommends that the main shareholder surrender some control to minority shareholders via ownership rights. We test this proposition on a large dataset of closely-held corporations. We find that shared-ownership firms report substantially larger return on assets (up to 14 percentage points) and lower expense-to-sales ratios.

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Type
Journal Article
Date
2011
Journal
Journal of Advertising Research

Guest Editorial: The Shape of Marketing Research in 2021

Author
Micu, Anca, Kim Dedeker, Ian Lewis, Robert Moran, Oded Netzer, Joseph Plummer, and Joel Robinson

This guest editorial of JAR considers what the "new normal" of marketing will be and suggests that it will be the digitization of everything, the need for constant change and adaptation affected by the continuous flow of knowledge. Involving consumers in co-creation will be increasingly important, while raw data for market research has increased massively and so will require the tools and people to mine it.

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Type
Journal Article
Date
2011
Journal
Annual Review of Economics

Housing Bubbles: A Survey

Author
Mayer, Christopher

The past 25 years have represented two periods of extreme movements in U.S. and global house prices that appear to be much larger than can be easily explained by changes in fundamentals. These episodes spurred research on housing bubbles that focused attention on the role of outsized expectations in excessive house price appreciation. By contrast, some economists pointed to alternative explanations for excess volatility, including liquidity constraints, lending cycles, search externalities, and zoning delays.

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Type
Journal Article
Date
2011
Journal
Manufacturing & Service Operations Management

How much is a reduction of your customers' wait worth? An empirical study of the fast-food drive-thru industry based on structural estimation methods

Author
Allon, Gad, Awi Federgruen, and Margaret Pierson

In many service industries, companies compete with each other on the basis of the waiting time their customers experience, along with other strategic instruments such as the price they charge for their service. The objective of this paper is to conduct an empirical study of an important industry to measure to what extent waiting time performance impacts different firms' market shares and price decisions.

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Type
Journal Article
Date
2011
Journal
Journal of Experimental Social Psychology

Implicit coordination: Sharing goals with similar others Intensifies goal pursuit

Author
Shteynberg, Garriy and Adam Galinsky

The current research explored whether sharing intentionality leads to implicit coordination, a situation in which isolated individuals independently adopt a similar standard of behavior. We propose that knowing that a given goal is experienced in common with other in-group members or similar others intensifies goal pursuit. Two experiments examined whether simply being aware that one's own individual goal was also being separately pursued by similar others results in more goal-congruent behavior.

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Type
Newspaper/Magazine Article
Date
2011
Publication
The Review of Economics and Statistics

Import Competition and Quality Upgrading

Author
Amiti, Mary and Amit Khandelwal

It is important to understand the factors that influence a country’s transition from the production of low-quality to high-quality products since the production of high-quality goods is often viewed as a pre-condition for export success and, ultimately, for economic development. In this paper, we provide the first evidence that countries’ import tariffs affect the rate at which they upgrade the quality of their products. We analyze the effect of import competition on quality upgrading using highly disaggregated export data to the U.S.

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Type
Journal Article
Date
2011
Journal
The Cato Journal

Incentive-Robust Financial Reform

Author
Calomiris, Charles

Will Rogers, commenting on the Depression, famously quipped: "If stupidity got us into this mess, why can't it get us out?" Rogers's rhetorical question has an obvious answer: persistent stupidity fails to recognize prior errors and, therefore, does not correct them. For three decades, many financial economists have been arguing that there are deep flaws in the financial policies of the U.S.

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Type
Journal Article
Date
2011
Journal
Journal of Accounting and Economics

Is Silence Golden? An Empirical Analysis of Firms That Stop Giving Quarterly Earnings Guidance

Author
Chen, Shuping, Dawn Matsumoto, and Shivaram Rajgopal

We investigate firms that stop providing earnings guidance ("stoppers") either by publicly announcing their decision ("announcers") or doing so quietly ("quiet stoppers"). Relative to firms that continue guiding, stoppers have poorer prior performance, more uncertain operating environments, and fewer informed investors. Announcers commit to non-disclosure because they (i) do not expect to report future good news or (ii) have lower incentives to guide due to the presence of long-term investors. The three-day return around the announcement is negative.

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Type
Journal Article
Date
2011
Journal
Journal of Experimental Social Psychology

Isolating effects of cultural schemas: Cultural priming shifts Asian-Americans' biases in social description and memory

Author
Morris, Michael and Aurelia Mok

Cross-national research on social description documents that Westerners favor abstract linguistic categories (e.g., adjectives rather than verbs) more than East Asians. Whereas culture-related schemas are assumed to underlie these differences, no research has examined this directly. The present study used the cultural priming paradigm to distinguish the role of cultural schemas from alternative country-related explanations involving linguistic structures or educational experiences.

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Type
Case Study
Date
2011

Lean Operations: From Efficiency to Profit

Author
Olivares, Marcelo, Trevor Harris, Omar Besbes, and Gabriel Weintraub

This case introduces students to GM’s partnership with Toyota in the NUMMI joint venture in order to analyze the challenges GM might face in implementing this approach more broadly. Students consider the evolution of lean operations and its various elements. The case focuses on the Toyota Production System, its benefits and related flexibility. What are the potential implications of the analysis for GM’s production strategy and profitability?

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Type
Case Study
Date
2011

Lean Operations: From Efficiency to Profits

Author
Harris, Trevor, Omar Besbes, and Marcelo Olivares
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Type
Journal Article
Date
2011
Journal
Social Cognition

Liking the same things, but doing things differently: Outcome versus strategic compatibility in partner preferences for joint tasks

Author
Bohns, Vanessa and E. Tory Higgins

We propose a distinction between two types of interpersonal compatibility in determining partner preferences for joint tasks: outcome compatibility and strategic compatibility. We argue that these two types of compatibility correspond to preferences for similar and complementary task partners, respectively. Five studies support this distinction.

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Type
Book
Date
2011

Macroeconomics: Policy and Practice

Author
Mishkin, Frederic

Building on his expertise in macroeconomic policymaking at the Federal Reserve, Mishkin's Macroeconomics: Policy and Practice text clearly provides a theoretical framework that illustrates the most current and relevant policy debates in the field.

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Type
Book
Date
2011

Managing Change: Cases and Concepts

Author
Jick, Todd and M. Peiperl

Managing Change: Cases and Concepts, 3e by Todd Jick and Maury Peiperl is comprised of six modules that introduce common threads in the ensuing case studies and readings on organizational change. The materials in this edition — cases and readings — have been chosen and arranged to introduce change as an integrated process. Cases in the text represent a wide variety of change situations. Accompanying many cases are readings, likewise chosen to reflect a broad range of issues.

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Type
Journal Article
Date
2011
Journal
Journal of Personality and Social Psychology

Managing Others Like You Were Managed: How Prevention Focus Motivates Copying Interpersonal Norms

Author
Zhang, Shu, E. Tory Higgins, and Guoquan Chen

In 5 studies, we investigated the relation between regulatory focus and the tendency to copy a role model’s managing behavior after one experiences this behavior as its recipient and later takes on the same managing role. Because enacting role-related behaviors fulfills interpersonal norms that fit prevention concerns, we predicted a stronger tendency to copy among individuals with a stronger prevention focus on duties and obligations (“oughts”) but not among those with a stronger promotion focus on aspirations and advancements (ideals).

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Type
Book
Date
2011

Marketing for China's Managers: Current and Future

Author
Capon, Noel, W. Burgers, and Yuhuang Zheng
Marketing for China's Managers: Current and Future is about understanding how to develop market strategy and managing the marketing process. It contains numerous examples of successful Chinese firms and will be highly beneficial to current and future Chinese managers in planning market strategy and implementation for their organizations. It will also be valuable to foreign managers seeking to do business in China.
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Type
Book
Date
2011

Marketing for Chinese Managers: Current and Future

Author
Capon, Noel, W. Burgers, and Yuhuang Zheng
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Type
Working Paper
Date
2011

MCMC Methods for Expected Utility Calculations

Author
Jacquier, Eric, Michael Johannes, and Nicholas Polson
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Type
Journal Article
Date
2011

Mechanism Design with Limited Commitment

Author
Doval, Laura and V. Skreta
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Type
Chapter
Date
2011
Book
Approaches to Monetary Policy Revisited: Lessons from the Crisis

Monetary Policy Strategy: Lessons from the Crisis

Author
Mishkin, Frederic

This paper examines what we have learned about monetary policy strategy and considers how we should change our thinking in this regard in the aftermath of the 2007–09 crisis. It starts with a discussion of where the science of monetary policy stood before the crisis and how central banks viewed monetary policy strategy. It then examines how the crisis has changed the thinking of both macro/monetary economists and central bankers. Finally, it looks at what implications this change in thinking has had for monetary policy science and strategy.

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