Stanford
Stanford
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Firms in Corrupt Countries Pay a Price in Market Value
Virtue seems to pay according to Professor Charles M.C. Lee whose research shows that publicly-held firms in countries perceived as less corrupt trade at bigger market premiums than those in places deemed more corrupt
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Tax Policy Has Changed Who Own Stocks
A new study from Stanford Graduate School of Business argues that household stock ownership decreases as the tax benefits associated with owning stocks inside a pension plan increase. The trend applies around the globe, says coauthor Ilya Strebulaev
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Sucker to Saint and Other Views of Our Moral Behavior
People tend to cast themselves as morally superior when another person's behavior makes them feel naïve or foolish
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First Selling the Idea to Senior Leaders Helps Organizations Realize Change
Getting all the senior leaders on board in advance is the most effective way to be successful in introducing change to an organization, according to research co-authored by Business School Professor Charles O'Reilly
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CEO Succession Planning Lags Badly, Research Finds
More than half of companies today cannot immediately name a successor to their CEO should the need arise, according to new research conducted by Heidrick & Struggles and Rock Center for Corporate Governance at Stanford University
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Incentives for Employees in Just-in-Time Settings
Employees' pay is tied to their actual productivity—and that means allowing for bad days and, consequently, some inventory build-up
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Why Full Disclosure in Securities Markets May Not Fix Finance
Creating securities with no details about the underlying mortgages "was a perfectly sensible thing to do. No greed was necessary," says economist Bengt Holmstrom. Investors often prefer investments with no publicly available information and may move on to other investments if security creators are required to disclose too much information.
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Jeff Immelt, CEO and Chairman of General Electric: Pushing Change Can Be Unpopular
Today's business leaders must gird themselves for an increasingly turbulent business world, Jeff Immelt, chairman and CEO of General Electric, told MBA students. Pushing for change rarely makes you popular with investors or employees
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Would Boycotting BP Do Any Good?
Consumer and environmental groups, angry over the spreading oil disaster in the Gulf of Mexico, are calling for a boycott of BP
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Charles Lee on Beating the Crowd at Picking Stocks
Charles Lee's portfolio management style requires accounting for human biases to nudge prices closer to their real value.