One Quarter of Entrepreneurs in the United States Are Immigrants

Immigrants are 15 percent of the overall United States population, but they become entrepreneurs at a much higher rate, according to new research by William Kerr and Sari Pekkala Kerr.

August 30, 2016

Using time and money to maximize happiness ... Documenting progress vs. process in cancer care ... Tackling the global water crisis.

Location Fundamentals, Agglomeration Economies, and the Geography of Multinational Firms

Research by Laura Alfaro and Maggie Xiaoyang Chen helps explain the location interdependence of multinational firms and how they agglomerate with one another.

Unpacking Team Diversity: An Integrative Multi-Level Model of Cross-Boundary Teaming

In a growing number of cases, cross-boundary teams span organizational boundaries, not just functional ones. Amy C. Edmondson and Jean-François Harvey explore how newly formed temporary groups may be able to develop rapidly into high-performance teams.

Behind IBM's High-Risk Decision to Put Watson on 'Jeopardy'

Behind IBM's High-Risk Decision to Put Watson on 'Jeopardy'

August 23, 2016

We get less productive when left to order our own tasks ... Demythologizing sustainable investing ... Can a great customer service company clone itself?

Immigrant Entrepreneurship

Sari Pekkala Kerr and William R. Kerr construct a data platform using US Census Bureau administrative data to provide new statistics on the patterns of business formation by immigrant entrepreneurs and on the medium-term success of those businesses.

Venture Capital Data: Opportunities and Challenges

Steven N. Kaplan and Josh Lerner describe the available data and research on venture capital investments and performance, and comment on the challenges inherent in those data and research as well as possible opportunities to do better.

Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds

The study by Sergey Chernenko and Adi Sunderamproposes a novel measure of liquidity transformation: funds' cash management strategies.

Why College Rankings Keep Deans Awake at Night

Why College Rankings Keep Deans Awake at Night

Prospective Students Steer Clear of Schools Rocked by Scandal

Who says there is no such thing as bad publicity? When a college experiences a scandal, applications drop. Michael Luca explains what colleges and other businesses should learn when bad news dips the demand curve.

The Unintended Consequences of the Zero Lower Bound Policy

Marco Di Maggio and Marcin Kacperczyk study the impact of the zero lower bound interest rate policy on the industrial organization of the US money fund industry.

August 9, 2016

Developers dig into open offices ... Analyzing a medical technology startup ... Tracking the progress of immigrant entrepreneurship.

Shareholder Activism on Sustainability Issues

Testing the effect that environmental, social, and governance (ESG) proposals have on firms' subsequent ESG performance and market valuation, Jody Grewal, George Serafeim, and Aaron Yoon find that 42 percent are financially beneficial and associated with subsequent increases in environmental and social performance.

Ominous Background Music is Bad for Sharks

Experimental research reveals the influential power of music to determine how people feel about the most vilified predator in the ocean. Elizabeth Keenan and Andrew P. Nosal discuss the study “The Effect of Background Music in Shark Documentaries on Viewers' Perceptions of Sharks.”

How Can We Hold the “Leadership Industry” Accountable?

After reading the new book "Management BS," James Heskett asks whether there are significant disconnects between business theory and business reality. What do YOU think?

Financial Regulation in a Quantitative Model of the Modern Banking System

This study at the intersection of macroeconomics and banking explores the optimal regulation of banks. Studying and quantifying the effects of capital requirements in a model that features regulated (commercial) and unregulated (shadow) banks, the authors find that a higher capital requirement makes regulated banks safer, but does not affect the riskiness of shadow banks. The net benefit of such a policy would depend on the level of fragility of the unregulated banks.

August 2, 2016

Can rituals decrease performance anxiety? ... How to attract attention on the internet ... The risk of eliminating what you are known for.

Retail Execs Underplay Current Performance to Investors--but Why?

In quarterly earnings calls with investors and analysts, some retail managers may underplay how their companies are actually performing, according to recent research by Kenneth Froot and colleagues.