Publications - HEC A+

2023

Bacchetta, P., van Wincoop, E., & Young, E. R. (In press). Infrequent Random Portfolio Decisions in an Open Economy Model. Swiss Finance Institute Research Paper.
Gibbons, R., Grieder, M., Herz, H., & Zehnder, C. (In press). Building an equilibrium: Rules vs. principles in relational contracts. Organization Science.
Schembera, S., Haack, P., & Scherer, A. G. (In press). From compliance to progress: A sensemaking perspective on the governance of corruption. Organization Science.

2022

Aigner, M., Chavez-Demoulin, V., & Guillou, A. (2022). Measuring and comparing risks of different types. Insurance: Mathematics and Economics.
Albrecher, H., Cheung, E. C., Liu, H., & Woo, J. K. (2022). A bivariate Laguerre expansions approach for joint ruin probabilities in a two-dimensional insurance risk process. Insurance: Mathematics and Economics.
Albrecher, H., Finger, D., & Goffard, P. O. (2022). Blockchain mining in pools: Analyzing the trade-off between profitability and ruin. Insurance: Mathematics and Economics.
Albrecher, H., & Goffard, P. O. (2022). On the profitability of selfish blockchain mining under consideration of ruin. Operations Research.
Antonakis, J., d’Adda, G., Weber, R. A., & Zehnder, C. (2022). "Just words? Just speeches?" On the economic value of charismatic leadership. Management Science.
Dàvila, A., & Guasch, M. (2022). Managers’ Body Expansiveness, Investor Perceptions, and Firm Forecast Errors and Valuation. Journal of Accounting Research.
Peukert, C., & Reimers, I. (2022). Digitization, Prediction, and Market Efficiency: Evidence from Book Publishing Deals. Management Science.
Peukert, C., Bechtold, S., Batikas, M., & Kretschmer, T. (2022). Regulatory spillovers and data governance: Evidence from the GDPR. Marketing Science.

2021

Amis, J., Brickson, S., Haack, P., & Hernandez, M. (2021). Taking Inequality Seriously. Editorial for the Academy of Management Review.
Arnold, S., & Glushko, V. (2021). Cause-specific mortality rates: Common trends and differences. Insurance: Mathematics and Economics.
Becerra, M., & Markarian, G. (2021). Why Are Firms with Lower Performance More Volatile and Unpredictable? A Vulnerability Explanation of the Bowman Paradox. Organization Science.
Chen, A., Hieber, P., & Rach, M. (2021). Optimal retirement products under subjective mortality beliefs. Insurance: Mathematics and Economics.
Haack P., Martignoni D., & Schoeneborn D. (2021). A bait-and-switch model of corporate social responsibility. Academy of Management Review.
Holm, M. B., Paul, P., & Tischbirek, A. (2021). The transmission of monetary policy under the microscope. Journal of Political Economy.
Monfort, A., Pegoraro, F., Renne, J. P., & Roussellet, G. (2021). Affine Modeling of Credit Risk, Pricing of Credit Events, and Contagion. Management Science.
Nikolov, B., Schmid, L., & Steri, R. (2021). The Sources of Financing Constraints. Journal of Financial Economics.
Vincent, L., Albrecher, H., & Krvavych, Y. (2021). Structured reinsurance deals with reference to relative market performance. Insurance: Mathematics and Economics.

2020

Chordia, T., Goyal, A., & Saretto, A. (2020). Anomalies and false rejections. The Review of Financial Studies.
Conti A., Graham S.J. H., (2020). Valuable Choices: Prominent Venture Capitalists’ Influence on Startup CEO Replacements. Management Science.
Fuino, M., & Wagner, J. (2020). Duration of long-term care: Socio-economic factors, type of care interactions and evolution. Insurance: Mathematics and Economics.
Hendershott, T., Li, D., Livdan, D., & Schürhoff, N. (2020). Relationship trading in Over-the-Counter markets. The Journal of Finance.

2019

Couttenier, M., Petrencu, V., Rohner, D., & Thoenig, M. (2019). The Violent Legacy of Conflict: Evidence on Asylum Seekers, Crime, and Public Policy in Switzerland. American Economic Review.
Eisdorfer, A., Goyal, A., & Zhdanov, A. (2019). Equity Misvaluation and Default Options. The Journal of Finance.
Gouriéroux, C., Monfort, A., & Renne, J. P. (2019). Identification and Estimation in Non-Fundamental Structural VARMA Models. The Review of Economic Studies.
Harmon, D. J., Haack, P., & Roulet, T. J. (2019). Microfoundations of institutions: A matter of structure versus agency or level of analysis?. Academy of management review.
Jondeau E., Zhang Q., Zhu X., (2019). Average skewness matters. Journal of Financial Economics.
Kaakaï, S., Labit-Hardy, H., Arnold, S., El Karoui, N., (2019). How can a cause-of-death reduction be compensated for by the population heterogeneity? A dynamic approach. Insurance: Mathematics and Economics.
Li, D., & Schürhoff, N. (2019). Dealer networks. The Journal of Finance.
Ling, C. (2019). Asymptotics of multivariate conditional risk measures for Gaussian risks. Insurance: Mathematics and Economics.
Nikolov, B., Schmid, L., Steri, R., (2019). Dynamic Corporate Liquidity. Journal of Financial Economics.

2018

Boumezoued A., Labit-Hardy H., El Karoui N., Arnold S. (2018). Cause-of-Death Mortality: What Can Be Learned From Population Dynamics? Insurance: Mathematics and Economics. 78, 301-315.
Baginski S.P., Demers E., Kausar A., Yu Y.J. (2018). Linguistic tone and the small trader. Accounting, Organizations and Society.
Biçer, I., Hagspiel, V., & De Treville, S. (2018). Valuing supply‐chain responsiveness under demand jumps. Journal of Operations Management.
Bruyaka O., Philippe D., Castañer X. (2018). Run Away or Stick Together? The Impact of Organization-Specific Adverse Events on Alliance Partner Defection . Academy of Management Review.
Chen J., Demers E., Lev B. (2018). Oh What a Beautiful Morning! Diurnal Influences on Executives and Analysts: Evidence from Conference Calls. Management Science.
Conti, A. (2018). Entrepreneurial finance and the effects of restrictions on government R&D subsidies. Organization Science.
Goyal A., & Jegadeesh N. (2018). Cross-sectional and time-series tests of return predictability: What is the difference?. The Review of Financial Studies.
Haack P., Sieweke J. (2018). The Legitimacy of Inequality: Integrating the Perspectives of System Justification and Social Judgment.Journal of Management Studies.
Kämpfen F., Maurer J. (2018). Does education help “old dogs” learn “new tricks”? The lasting impact of early-life education on technology use among older adults. Research Policy.
Lonati S., Quiroga B.F., Zehnder C., & Antonakis J. (2018). On doing relevant and rigorous experiments: Review and recommendations. Journal of Operations Management.
Mohan B., Schlager T., Deshpandé R., Norton M. I. (2018). Consumers Avoid Buying From Firms With Higher CEO‐to‐Worker Pay Ratios. Journal of Consumer Psychology.
Mata J., Alves C. (2018). The survival of firms founded by immigrants: institutional distance between home and host country and experience in the host country. Strategic Management Journal.
Montez J. V., Ruiz-Aliseda F., Ryall M. D. (2018). Competitive intensity and its two-sided effect on the boundaries of firm performance. Management Science.
Morellec E., Nikolov B., Schürhoff N. (2018). Agency Conflicts Around the World. Review of Financial Studies.
Schlager, T., Hildebrand, C., Häubl, G., Franke, N., & Herrmann, A. (2018). Social product-customization systems: Peer input, conformity, and consumers’ evaluation of customized products. Journal of Management Information Systems.
Tiefenbeck V., Goette L., Degen K., Tasic V., Fleisch E., Lalive R., Staake T. (2018). Overcoming Salience Bias: How Real-Time Feedback Fosters Resource Conservation. Management Science.
Bruyaka O., Philippe D., Castañer X. (2018). Run Away or Stick Together? The Impact of Organization-Specific Adverse Events on Alliance Partner Defection . Academy of Management Review. 43(3), 445-469.
Chavez-Demoulin V., Guillou A. (2018). Extreme quantile estimation for Beta-mixing time series and applications. Insurance: Mathematics and Economics, 83, 59-74.
Chen J., Demers E., Lev B. (2018). Oh What a Beautiful Morning! Diurnal Influences on Executives and Analysts: Evidence from Conference Calls. Management Science, 64(12), 5899-5924.
Conti, A. (2018). Entrepreneurial finance and the effects of restrictions on government R&D subsidies. Organization Science.
Fuino M., Wagner J. (2018). Long-Term Care Models and Dependence Probability Tables by Acuity Level: New Empirical Evidence from Switzerland. Insurance: Mathematics and Economics. 81, 51-70.
Lonati, S., Quiroga, B.F., Zehnder, C., & Antonakis, J. (2018). On doing relevant and rigorous experiments: Review and recommendations. Journal of Operations Management, 64, 19-40.
Mata, J., Alves C. (2018). The survival of firms founded by immigrants: institutional distance between home and host country and experience in the host country. Strategic Management Journal. 39(11), 2965-2991.
Montez J. V., Ruiz-Aliseda F., Ryall M. D. (2018). Competitive intensity and its two-sided effect on the boundaries of firm performance. Management Science. 64(6), 2716-2733.
Morellec, E., Nikolov, B., Schürhoff, N. (2018). Agency Conflicts Around the World. Review of Financial Studies.
Tiefenbeck V., Goette L., Degen K., Tasic V., Fleisch E., Lalive R., Staake T. (2018). Overcoming Salience Bias: How Real-Time Feedback Fosters Resource Conservation. Management Science. 63(4), 1458-1476.

2017

Berman N., Couttenier M., Rohner D., Thoenig M. (2017). This mine is mine! How minerals fuel conflicts in Africa. American Economic Review. 107(6), 1564-1610.
Brumm, J., & Scheidegger, S. (2017). Using adaptive sparse grids to solve high‐dimensional dynamic models. Econometrica.
De Treville S., Ketokivi M., Singhal V. (2017). Competitive manufacturing in a high-cost environment: Introduction to the special issue. Journal of Operations Management. 49–51, 1-5.
De Treville S., Cattani K., Saarinen L. (2017). Technical note: Option-based costing and the volatility portfolio. Journal of Operations Management, 49, 77-81. .
Dimopoulos T., Sacchetto S. (2017). Merger Activity in Industry Equilibrium. Journal of Financial Economics. 126(1), 200-226
Dogan B. (2017). How to control controlled school choice: comment. American Economic Review. 107(4), 1362-1364.
Hoisl, K., Gruber, M., & Conti, A. (2017). R&D team diversity and performance in hypercompetitive environments. Strategic Management Journal, 38(7), 1455-1477.
Hollifield B., Neklyudov A., Spatt C. (2017). Bid-Ask Spreads, Trading Networks, and the Pricing of Securitizations. The Review of Financial Studies. 30(9), 3048–3085.
Koenig M., Rohner D., Thoenig M., Zilibotti F. (2017). Networks in Conflict: Theory and Evidence from the Great War of Africa. Econometrica. 85(4), 1093–1132.
Ratovomirija G., Tamraz M., Vernic R. (2017) On some multivariate Sarmanov mixed Erlang reinsurance risks: Aggregation and capital allocation. Insurance: Mathematics and Economics. 74(3), 197-209.

2016

Ling C., Peng Z. (2016). Tail asymptotics of generalized deflated risks with insurance applications. Insurance: Mathematics and Economics, 71, 220-231.
Rönkkö M., McIntosh C. N., Antonakis J., Edwards J. R. (2016). Partial least squares path modeling: Time for some serious second thoughts. Journal of Operations Management, 47–48, 9–27.

Schrempf-Stirling J., Palazzo G., Phillips R. A. (2016). Historic Corporate Social Responsibility. Academy of Management Review, 41 (4), 700-719.

2015

Bitektine, A., & Haack, P. (2015). The “macro” and the “micro” of legitimacy: Toward a multilevel theory of the legitimacy process. Academy of Management Review.
Caselli F., Morelli M., Rohner D. (2015). The Geography of Inter-State Resource Wars. The Quarterly Journal of Economics, 130, 267-315.
Cohn A., Fehr E., Goette L. (2015). Fair wages and effort provision: Combining evidence from the lab and the field. Management Science, 61(8), 1777-1794.
Esteban J., Morelli M., Rohner D. (2015). Strategic Mass Killings. Journal of Political Economy, 123, 1087-1132.
Gerber H.U., Shiu E.S.W., Yang H. (2015). Geometric stopping of a random walk and its applications to valuing equity-linked death benefits. Insurance: Mathematics and Economics, 64, 313-325.
Haack, P., & Schoeneborn, D. (2015). Is decoupling becoming decoupled from institutional theory? A commentary on Wijen. Academy of Management Review.
Heath T. B., Chatterjee S., Basuroy S., Hennig-Thurau T., Kocher B. (2015). Innovation Sequences over Iterated Offerings: A Relative Innovation, Comfort, and Stimulation Framework of Consumer Responses. Journal of Marketing, 79(6), 71-93.

Hendershott T., Livdan D., Schuerhoff N. (2015). Are Institutions Informed About News? Journal of Financial Economics, 117(2), 249-287.
Jacquart P., Antonakis J. (2015). When does charisma matter for top-level leaders? Effect of attributional ambiguity. Academy of Management Journal, 58(4), 1051-1074.
Kaas R., Gerber H., Goovaerts M., Shiu E., Albrecher H. (2015). The impact factor of IME (Editorial). Insurance: Mathematics and Economics, 62, 1-4.

Lalive R., Landais C., Zweimüller J. (2015). Market Externalities of Large Unemployment Insurance Extension Programs. American Economic Review, 105(12), 3564-96.
Vaccaro A., Palazzo G. (2015). Values against Violence: Institutional Change in Societies Dominated by Organized Crime. Academy of Management Journal, 58(4), 1075-1101.

2014

Castañer X., Mulotte L., Garrette B., Dussauge P. (2014). Governance mode vs. governance fit: Performance implications of make-or-ally choices for product innovation in the worldwide aircraft industry, 1942-2000. Strategic Management Journal, 35(9), 1386-1397.
de Treville S., Bicer I., Chavez-Demoulin V., Hagspiel V., Schuerhoff N., Tasserit C., Wager S. (2014). Valuing lead time. Journal of Operations Management, 32(6), 337-346.
de Treville S., Schuerhoff N., Trigeorgis L., Avanzi B. (2014). Optimal Sourcing and Lead-Time Reduction under Evolutionary Demand Risk. Production and Operations Management, 23(12), 2103-2117.
de Treville S., Petty J. S., Wager S. (2014). Economies of Extremes: Lessons from Venture-Capital Decision Making. Journal of Operations Management, 32(6), 387-398.
Devezer B., Sprott D. E., Spangenberg E. R., Czellar S. (2014). Consumer Well-Being: Effects of Subgoal Failures and Goal Importance. Journal of Marketing, 78(2), 118-134.

Dimopoulos T., Sacchetto S. (2014). Preemptive Bidding, Target Resistance, and Takeover Premiums. Journal of Financial Economics, 114(3), 444-470.
Hashorva E., Ling C., Peng Z. (2014). Second-order tail asymptotics of deflated risks. Insurance: Mathematics and Economics, 56, 88-101.
Head K., Mayer T., Thoenig M. (2014). Welfare and Trade without Pareto. American Economic Review, 104(5), 310-316.
Lalive R., Schlosser A., Steinhauer A., Zweimüller J. (2014). Parental Leave and Mothers' Careers: The Relative Importance of Job Protection and Cash Benefits. Review of Economic Studies, 81, 219-265.
Nikolov, B., & Whited, T. M. (2014). Agency conflicts and cash: Estimates from a dynamic model. The Journal of Finance.
Sato Y. (2014). Opacity in financial markets. Review of Financial Studies, 27(12), 3502-3546.

2013

Burks S. V., Carpenter J. P., Goette L., Rustichini A. (2013). Overconfidence and Social Signalling. Review of Economic Studies, 80, 949-983.
Castañer X., Kavadis N. (2013). Does good governance prevent bad strategy? A study of corporate governance, financial diversification, and value creation by French corporations, 2000–2006. Strategic Management Journal, 34(7), 863-876.
Gerber H.U., Shiu E.S.W., Yang H. (2013). Valuing equity-linked death benefits in jump diffusion models. Insurance: Mathematics and Economics, 53, 615-623.

Hashorva E., Li J. (2013). ECOMOR and LCR reinsurance with gamma-like claims. Insurance: Mathematics and Economics, 53, 206-215.
Hugonnier J., Pelgrin F., St-Amour P. (2013). Health and (Other) Asset Holdings. Review of Economic Studies, 80, 663-710.

Ivanovs J. (2013). A note on killing with applications in risk theory. Insurance: Mathematics and Economics, 52, 29-34.
Rohner D., Thoenig M., Zilibotti F. (2013). War Signals: A Theory of Trade, Trust and Conflict. Review of Economic Studies, 80, 1114-1147.
Yang Y., Hashorva E. (2013). Extremes and products of multivariate AC-product risks. Insurance: Mathematics and Economics, 52, 312-319.

2012

Bacchetta P., Tille C., van Wincoop E. (2012). Self-Fulfilling Risk Panics. American Economic Review, 102(7), 3674-3700.
Gerber H.U., Shiu E.S.W., Yang H. (2012). Valuing equity-linked death benefits and other contingent options: a discounted density approach. Insurance: Mathematics & Economics, 51, 73-92.
Goette L., Huffman D., Meier S., Sutter M. (2012). Competition Between Organizational Groups: Its Impact on Altruistic and Antisocial Motivations. Management Science, 58(5), 948-960.
Kume A., Hashorva E. (2012). Calculation of Bayes premium for conditional elliptical risks. Insurance: Mathematics and Economics, 51, 632–635.
Morellec E., Nikolov B., Schuerhoff N. (2012). Corporate Governance and Capital Structure Dynamics. The Journal of Finance, 67(3), 803-848.