RESEARCH

Publications

"Strategy and the Strategist: How it Matters Who Develops the Strategy." Management Science (forthcoming).

"A Formal Theory of Strategy." Management Science 63, no. 8 (August 2017): 2616–2636.

"Why Do Firms Have 'Purpose'? The Firm's Role as a Carrier of Identity and Reputation," (with Rebecca Henderson) American Economic Review: Papers and Proceedings 105, no. 5 (May 2015): 326–330.

"Overconfidence by Bayesian Rational Agents", Management Science, 57 (5), May 2011, 884-896
Online Appendix

"On the Origin of Shared Beliefs (and Corporate Culture)," Rand Journal of Economics, 41 (4), Winter 2010, 617-648
Earlier working paper April 2004[pdf]

"Culture Clash: The Costs and Benefits of Homogeneity," Management Science, 56 (10), October 2010, 1718-1738
Earlier working paper 2007 [pdf]

"Interpersonal Authority in a Theory of the Firm", American Economic Review, 100, March 2010, 466-490
Earlier working paper [pdf]

"Disagreement and the Allocation of Control", Journal of Law, Economics, and Organization, 26(2), August 2010, 385-426

"Managing Know-How" (with Deishin Lee) , Management Science, 56 (2), February 2010, 270 – 85

"Authority versus Persuasion," American Economic Review Papers and Proceedings, 99, May 2009, 448 – 53

"Rational Overoptimism (and Other Biases)", American Economic Review, 94, September 2004, 1141-1151
Earlier working paper "Skill or Luck: Biases of Rational Agents" [pdf]

"Organizational Beliefs and Managerial Vision," , Journal of Law, Economics, and Organization, 21 (1), Spring 2005, 256-283
Earlier working paper versions : July 2001[pdf] ; October 2002[pdf]

"Essays on the Managerial Implications of Differing Priors," May 2001, PhD Dissertation, Stanford Business School [pdf]

"Human Capital and Corporate Governance," with John Roberts, in Corporate Governance: A Volume in Honor of Horst Albach, J. Schwalbach ed., Berlin, Springer Verlag, 2000
 

Working Papers

"The Cost of Incentives under Disagreement: Too Motivated ", March 2007, working paper [pdf]
Earlier working paper version: "Too Motivated?", June 2005, working paper [pdf]

"The Limits of Authority: Motivation versus Coordination", June 2006, working paper [pdf]

"Disagreement and Information Collection", April 2002, working paper [pdf]

"Equity Participations, Hold-up, and Firm Boundaries," February 2002, working paper [pdf]

"Shareholder Interests, Human Capital Investments and Corporate Governance," with John Roberts, April 2000, Stanford GSB Working Paper 1631 [pdf]

"The Threat of Bankruptcy Can Eliminate the Hold-up Problem," July 2000, working paper [pdf]