Publications

August 2009
Article

Mental Accounting and Small Windfalls: Evidence from an Online Grocer

By: John Beshears and Katherine L. Milkman

We study the effect of small windfalls on consumer spending decisions by comparing the purchases online grocery customers make when redeeming $10-off coupons with the purchases they make without coupons. Controlling for customer fixed effects and other variables, we... View Details

Keywords: Mental Accounting; Windfalls; Marginal Propensity To Consume; Coupons; Marketing Communications; Consumer Behavior; Accounting; Cognition and Thinking; Retail Industry

July 2005
Exercise

Insider Trading Quiz

By: Lynn S. Paine and Christopher Bruner

Designed to test understanding of basic theories of insider trading under U.S. law. Presents six scenarios based on actual situations in which insider trading was alleged to have violated U.S. law, as well as a seventh scenario that took place in Italy, permitting... View Details

Keywords: Crime and Corruption; Stock Shares; Governing Rules, Regulations, and Reforms; Law; Theory; Europe; Italy; United States

June 1991 (Revised April 1997)
Background Note

Managing the Multibusiness Corporation

By: David J. Collis

Lays out some ideas on how to restructure a multibusiness corporation. Identifies sixteen elements of organization design, and then applies contingency theory to argue that these elements need to be aligned with the tasks the corporation uses to create value across its... View Details

Keywords: Restructuring; Organizational Design; Organizational Structure; Alignment; Corporate Strategy; Theory; Value Creation

Educators

Research Summary

Dynamic Factor Models with Temporal Instability (with James Stock and Mark Watson)

This paper considers the estimation of approximate dynamic factor models when there is temporal instability in the factors, factor loadings, and errors. We derive conditions under which the estimated dynamic factors are consistent and characterize the inferential... View Details

24 Apr 2017
News

As costs grow for restaurants, online ratings tied to closure risk

November 1983
Background Note

Ethical Frameworks for Management

Introduces managers and students of management to some of the basic categories and frameworks of philosophical ethics. Consists of five parts: l) Classifying ethical frameworks; 2) Teleological frameworks; 3) Deontological frameworks; 4) Mixed frameworks; and 5) from... View Details

Keywords: Management; Ethics

Educators

16 Apr 2020
News

Your Money: Why you might be afraid to spend your stimulus check

Article

Investor Sentiment in the Stock Market

By: Malcolm Baker and Jeffrey Wurgler

We examine how investor sentiment affects the cross-section of stock returns. Theory predicts that a broad wave of sentiment will disproportionately affect stocks whose valuations are highly subjective and are difficult to arbitrage. We test this prediction by... View Details

Keywords: Financial Markets; Stocks; Investment Return; Valuation; Forecasting and Prediction; Volatility; Price; Risk and Uncertainty; Behavioral Finance

November 2004 (Revised February 2006)
Background Note

Note on Insider Trading Liability

By: Lynn S. Paine and Christopher Bruner

Provides a general description and overview of U.S. law on insider trading, including the basic theories of liability, the responsibilities of securities firm managers to prevent and detect insider trading, and the potential penalties for insider trading. A rewritten... View Details

Keywords: Insider Trading; Legal Liability; Ethics; Crime and Corruption; Finance

Educators

28 May 2020
News

Have we reached ‘the beginning of the great change?’ This professor is hopeful we have

2017
Article

Self-Managing Organizations: Exploring the Limits of Less-Hierarchical Organizing

By: Michael Y. Lee and Amy C. Edmondson

Fascination with organizations that eschew the conventional managerial hierarchy and instead radically decentralize authority has been longstanding, albeit at the margins of scholarly and practitioner attention. Recently, however, organizational experiments in radical... View Details

Keywords: Self-Managed Organizations; Self-Managed Teams; Self-organizing Systems; Self-managing Organizations; Flat Organization; Decentralization; Organization Design; Non-hierarchical Organizations; Less-hierarchical Organizing; Organizational Structure; Organizational Design; Research

10 May 2015
Conference Presentation

Building a Competitive Jerusalem

By: Michael E. Porter and Christian H.M. Ketels

Jerusalem 2020 is a five-year growth plan for Jerusalem's economic development based on Professor Michael E. Porter's theory of competitive advantage. The plan was presented to Israeli Prime Minister Benjamin Netanyahu with the goal of significant investment by the... View Details

Keywords: Israel; Economics; Israel

October 2009
Article

Negotiation Analysis: From Games to Inferences to Decisions to Deals

By: James K. Sebenius

Exemplified by the pioneering work of Howard Raiffa and often expressed in the pages of the Negotiation Journal, the emergent prescriptive field of "negotiation analysis" progressively developed from Raiffa's early contributions to game theory and to his later... View Details

Keywords: Decision Choices and Conditions; Negotiation Participants; Negotiation Preparation; Negotiation Process; Negotiation Tactics; Game Theory