April 28, 2017

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Assoc. Prof. Ming Hsu
Be More Patient? Imagine That.

By using functional MRI (fMRI) to look inside the brain, neuroscientists Adrianna Jenkins, a UC Berkeley postdoctoral researcher, and Berkeley-Haas Assoc. Prof. Ming Hsu found that imagination is a pathway toward patience. Imagining an outcome before acting upon an impulse may help increase patience without relying on increased willpower. (04/03/2017)

Prof. Carl Shapiro
Can Trump Please Populists and Corporate Leaders?

Prof. Carl Shapiro and Steven Salop, of the Georgetown Law Center, voice concern about the potential abuse of presidential power in using antitrust to punish political enemies. They recommend that the president proactively enforce antitrust rules, following established principles, to maintain confidence in the market system. (03/22/2017)

Prof. Ross Levine
To Be or Not To Be … An Entrepreneur

Prof. Ross Levine found evidence that a company’s legal status—incorporated or unincorporated—can be used as a reliable measure to distinguish entrepreneurs from other business owners. By identifying this distinction, the research shows that incorporated business owners open companies that are entrepreneurial and require high-level cognitive skills. On the other hand, unincorporated business owners tend to lead companies that demand more manual talents. (03/10/2017)

Asst. Prof. Reed Walker
Energy Economist Reed Walker Named 2017 Sloan Fellow

As an energy and environmental economist, Berkeley-Haas Asst. Prof. Reed Walker works to not only understand the social costs of environmental externalities—negative or positive—but also how regulations to limit these externalities contribute to gains and/or losses to society. In recognition of his research, Walker was named a 2017 Sloan Research Fellow by The Alfred P. Sloan Foundation. The Sloan Fellowships honor promising young scholars whose research is expected to have major impact on scientific research in the future. (02/21/2017)

Prof. Ernesto Dal Bó
Profs. Dal Bó and Finan spearhead global economies program to improve life in developing countries

Berkeley-Haas Professors Ernesto Dal Bó and Frederico Finan are leading a five-year, multi-million dollar research program on randomized controlled trials in developing countries. By funding socio-economic programs with local government partnerships, the project aims to better broad policies in order to improve individual lives. (02/06/2017)

Assoc. Prof. Lucas Davis
Plan to Reduce Air Pollution Chokes in Mexico City

In 2008, Mexico City added driving restrictions on Saturdays in hopes of moving the needle to improve air quality. But according to new research by Assoc. Prof. Lucas W. Davis, extending the program one more day also isn’t working. (02/02/2017)

Asst. Prof. Omri Even Tov
How After-Hours Trading Sheds Light on Investor Sentiment

Asst. Prof. Omri Even Tov found that overnight market activity—between the time the market closes and re-opens the next day—provides a goldmine of information about investor sentiment at the firm level, or pertaining to specific stocks rather than the broader market. (01/31/2017)

Assoc. Prof. Zsolt Katona
Mobile Marketing 2.0: It’s Not Just Where You Are But Whom You’re Near

Companies love knowing where potential customers are hanging out at any given moment. By “geo-fencing” or using GPS data, companies can target customers based on their exact location and send promotional messages directly to their phones. A new study by Zsolt Katona found that location data is a better predictor—up to 19% more accurate—of consumer behavior than information about demographics (age, income, education) and psychographics (values, lifestyle, and personality). (12/21/2016)

Asst. Prof. Abhishek Nagaraj
Wikipedia Readers Get Shortchanged by Copyrighted Material

When Google Books digitized 40 years worth of copyrighted and out-of-copyright issues of Baseball Digest magazine, Wikipedia editors realized they had scored. Suddenly they had access to pages and pages of player information from a new source. Yet not all information could be used equally: citations to out-of-copyright issues increased 135 percent more than issues still subject to copyright restrictions, according to a study by Abhishek Nagaraj. (12/18/2016)

Asst. Prof. Ellen Evers
A Better Way For Policymakers to Win Over Constituents

Imagine you are an organ donor in need of an organ yourself. Should you get preferential treatment because you had volunteered to be a donor? A new study by Ellen Evers shows that most people would support moving you up on the waiting list. At the same time, they would vehemently oppose moving non-donors needing an organ down on the list. (11/30/2016)

Prof. Emeritus Terry Marsh
Can Investors Be Optimistic Under a Republican Administration?

The three magic musts for a stock market rally: It must be a major macroeconomic news day, it must be a pre-election day, and there must be a Democrat president in the White House, according to new research by Finance Prof. Terry Marsh.  (11/22/2016)

On the Job: Is it Better to Fit In or Stand Out?

Is it better to fit in or stand out at work? A new study, co-authored by Sameer Srivastava, suggests that the answer depends on your position in your network structure and your degree of cultural alignment. (11/09/2016)

Adj. Prof. Henry Chesbrough
Open Innovation Maestro Orchestrates European Meeting of the Minds

When Henry Chesbrough began planning his sabbatical last year, he chose to visit Barcelona, Spain where he could practice what he preaches. For nine months, Chesbrough, known as the “father of open innovation,” helped European academics and industry practitioners—two groups typically siloed in their own worlds—collaborate on innovation. The move also inspired Chesbrough, an adjunct professor and the faculty director of the Garwood Center for Corporate Innovation to host the Third Annual World Open Innovation Conference in Barcelona, at the ESADEFORUM on ESADE’s Pedralbes campus on Dec. 15-16, 2016. (10/27/2016)

Asst. Prof. Juliana Schroeder
Donald or Hillary? Why Listening to Them Makes a Difference to Voters

What humanizes Donald Trump or Hillary Clinton more: hearing them speak or reading their opinions? A new study found that people who watch or listen to those with opposing opinions, instead of reading what they say, find them more thoughtful, competent, and rational—and more human. (10/04/2016)

Prof. Laura Kray
When Women Are More Likely to Lie

Would you tell a lie to help someone else? A new study says women won’t lie on their own behalf, but they are willing to do so for someone else if they feel criticized or pressured by others. In contrast, the study, co-authored by Prof. Laura Kray, found that men are the opposite: they do not compromise their ethical standards under social pressure regardless of whether they’re advocating for themselves or anyone else. (09/30/2016)

Adj. Prof. Nora Silver
Changing the World, One Student at a Time

In recognition of her course, “Large-Scale Social Change: Social Movements,” Silver will receive The Aspen Institute’s Faculty Pioneer Award in New York City next month for significantly contributing to improving action on the world’s biggest problems. The award honors business school faculty who are teaching “business practices that help corporations confront society’s ‘grand challenges’.” Silver believes the course is “one of a kind.” (09/15/2016)

Prof. Jennifer Chatman
How Himalayan Mountain Climbers Teach Us to Work Better Together

By studying climbers summiting Mount Everest, Professor Jennifer Chatman learned when collectivism works, and when it can be deadly. Chatman discovered that there can be a high cost when it comes to decision-making and performance because the tentative ties among diverse group members cause them to overemphasize their shared group identity and overlook the individual differences in skills and experience that can help the group succeed.   (09/12/2016)

Prof. David Teece
Profs. David Teece and Ross Levine Achieve 100K Citations

Two Berkeley-Haas professors recently reached 100K citations of their published research, according to Google Scholar. David Teece's most cited paper found how "dynamic capabilities" contribute to strategic decisions. Ross Levine's work revealed that financial intermediaries and markets exert a powerful influence on long-run economic growth. (08/24/2016)

Prof. Richard Sloan
Prof. Richard Sloan Honored with Top Accounting Award

Prof. Richard Sloan received the American Accounting Association’s “Seminal Contributions to Accounting Literature” Award on Aug. 8 for a paper that changed the way many investors and investment managers build portfolios.The paper, “Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?” includes Sloan’s discovery of “the accrual anomaly.” (08/24/2016)

Prof. John Morgan
Too Much Public Information Undermines Investor Decisions

When investment information is public—such as being broadcast to thousands of viewers—all that “noise” excites investors and causes them to lend more weight to the information than they should, even when the quality of the information is low. As a result, new research by Prof. John Morgan suggests that society may be better off making the public release of such information illegal. (08/04/2016)

Prof. Ganesh Iyer
What’s Driving the Next Generation of Green Products?

If you purchased a Toyota Prius, you may have been driven by the desire to conserve the environment or to save yourself some money at the gas pump.  But consumers may also choose to buy sustainable products to make themselves appear socially responsible to others. Before making purchases, they evaluate how their decisions will stack up against their peers’, according to a new study by Prof. Ganesh Iyer.  (06/07/2016)

Sr. Lecturer Homa Bahrami
Effective Leaders Learn to Change It Up

If there’s one skill that today’s executive may want to hone, it’s the ability to adapt and transform. Homa Bahrami, a senior lecturer at UC Berkeley’s Haas School of Business, studies knowledge workers in the technology sector where flexibility is essential. She coined the term, “super-flexibility,” and has developed a playbook to teach professionals how to transform the way they organize, lead, interact, and drive change continuously. (04/29/2016)

Prof. Catherine Wolfram
Wolfram, Gertler to lead energy program to help alleviate poverty

Energy holds the power to alleviate poverty and promote economic growth for the 2 billion people without access to reliable electricity. Yet little insight exists into how countries could maximize the benefits of their energy investments to this effect while minimizing economic and environmental costs. A $19M UK grant will fund Energy for Economic Growth (EEG), a five-year global research program aimed at South Asia and Sub-Saharan Africa Energy, led by Profs. Catherine Wolfram and Paul Gertler. (04/25/2016)

Prof. Nancy Wallace
Nancy Wallace Named Chair of the Fed’s Model Validation Council

Haas Real Estate and Finance Prof. Nancy Wallace was recently named chair of the Federal Reserve Board’s Model Validation Council, a group of five academics that provides independent rigorous assessment of the Fed’s own benchmark stress testing models.  These models are used to determine the effectiveness of the individual banks’ stress test models. (04/07/2016)

Asst. Prof. Panos Patatoukas
How Manufacturers Win by Not Playing the Field

Less can be more when it comes to manufacturers and the number of business-to-business relationships they maintain. Doing business with a limited number of major customers allows manufacturers to hold fewer inventories for a shorter time, according to new research by Panos N. Patatoukas. Patatoukas says inventories comprise a significant part of a firm’s assets — as much as 25 percent for the average manufacturer — and can be costly and risky to hold as inventories can become obsolete. (04/04/2016)

Asst. Prof. Juliana Schroeder
I’d Like to Thank … Myself

When Leonardo DiCaprio accepted his Oscar for Best Actor in “The Revenant” this year, he acknowledged the hard work of the movie’s entire team. But such generosity isn’t always the case. On large teams—such as big film production crews—size can lead people to inflate their own contributions while diminishing their team members’ work. A new study by Juliana Schroeder finds that the bigger the teams, the more individual members of a team “over-claim” their contributions. (03/07/2016)

Want to Be Seen As a Leader? Get Some Muscle.

Forget intelligence or wisdom. A muscular physique might just be a more important attribute when it comes to judging a person’s leadership potential. Study participants in a series of experiments conducted by Cameron Anderson and Aaron Lukaszewski at Oklahoma State University, overwhelmingly equated physical strength with higher status and leadership qualities. (02/24/2016)

Prof. Andrew Rose
How Hollywood Beats Military Might in the Global Marketplace

Pop culture assets like Star Wars, Taylor Swift, and the NBA not only contribute to ramping up American appeal, they also increase demand for American goods aboard. Economists call this “soft power,” the ability to attract and positively influence others. Even though countries tend to wield “hard power” by flexing their economic or military strength, a new study by Andrew Rose found that countries admired for their soft power tend to sell more exports in the global marketplace. (02/01/2016)

Andreea Gorbatai
Women Have the Edge in Crowdfunding

Academic research shows females to be at a marked disadvantage in getting bank loans, venture capital funding, and other sources of money needed to grow a business. But, in one venue, women seem to have a notable edge—the fast-growing world of crowdfunding. (01/26/2016)

Three Haas faculty named among world’s most cited researchers

Henry Chesbrough, Stefano DellaVigna, and Ulrike Malmendier have been named among the 2015 Thomson Reuters Highly Cited Researchers, according to “The World’s Most Influential Scientific Minds 2015,” published Jan. 14. The three are among 70 global researchers honored in the field of economics and business, and among 38 UC Berkeley researchers from a variety of fields on the list. (01/20/2016)