2020 Inaugural Scholars
Sutirtha Chatterjee, Ph.D.
Associate Professor, MET
Topic: The Idiosyncratic Nature of OSS Innovation: An Interpretive Study.
Abstract: OSS innovation is one of the critical examples of social innovation and entrepreneurship. We conduct a qualitative study within the GNOME community to reveal theoretical insights of how OSS innovation occurs. Our study presents three themes of OSS structures, OSS innovation processes, and the relation between the two. These themes are accompanied by assertions and highlight the findings that OSS communities exhibit structural oscillations which drive the OSS innovation process. The OSS innovation process plays out through shifts between radical and incremental innovations. Further, processual mechanisms such as branching and merging sustain the incremental innovation, while forking sustains radical innovation.
Daniel Chi, Ph.D.
Associate Professor and Director of the Master of Science in Quantitative Finance (MSQF) Program, Finance
Topic: Product Market Competition and Total Liquidity Management.
Abstract: Product market competition is key to innovation and economic growth, but competition creates pain – some entrepreneurs and businesses succeed, while many others fail. A crucial element for staying in and winning the competition game is ample liquidity. While the literature has provided extensive evidence on cash holdings, there has been little study on how competition affects the use of credit lines or the choice between cash and credit lines. I attempt to fill this void by studying how competition affects total corporate liquidity, defined as the sum of cash holdings and available credit lines.
Richard Gardner, Ph.D.
Assistant Professor, MET
Topic: A little help from my enemies: Organizational disassociations and related outcomes.
Abstract: Organizations frequently engage in social comparisons with other organizations to achieve strategic benefits and to communicate to their stakeholders “who they are.” Although social comparisons are often positive, many organizations benefit from distancing themselves from other organizations, groups, or individuals. I argue that these distancing efforts of communicating “who we are not” are important in the lives of most organizations. I provide a framework of organizational disassociation and expound on its antecedents and outcomes. I conclude by discussing how scholars can apply the concept of disassociations in their future work.
Han fen Hu, Ph.D.
Associate Professor, MET
Topic: Beyond Purchase: Placebo Effect of Electronic Word of Mouth on Task Performance, Learning Outcomes, and Change of Beliefs.
Abstract: This project aims at investigating the potential placebo effect of electronic word-of-mouth (eWOM), in terms of task performance, learning outcomes, and change of beliefs, as well as understanding the underlying mechanisms via which eWOM induces the placebo effect. Anchoring on the framework of response expectancy theory (Kirsch, 1997) and social learning (Bandura, 1977), this project focuses on the effects of eWOW characteristics (i.e., valence, social tie, and credibility) on users’ behavioral outcomes and changes of beliefs. It also takes into account the situational conditions and verifies the moderating role of cognitive load and message focus in the placebo effect of eWOM.
Emir Malikov, Ph.D.
Lee Professor of Economics
Topic: Scope Economies in the Post-crisis US Banking.
Abstract: The reforms enacted since the financial crisis limit the scale and scope of bank activities. Such policies neglect potential cost savings from operating at a large scale with a more diversified scope of financial services, which must be forgone owing to the new regulations. Large banks may enjoy such efficiency benefits due to their unique position to innovate and expand the scope of offered financial products and thereby lower their cost (“scope economies”) via input complementarities and risk diversification. This project tests for scope economies in the U.S. commercial banks since 2009 along the entire cost distribution via quantile approach.
Ian K. McDonough, Ph.D.
Assistant Professor, Economics
(with Punarjit Roychowdhury, Ph.D., University of Nottingham)
Topic: The Impact of Labor Regulations on Entrepreneurship: A Heteroskedasticity-Based Instrumental Variables Approach.
Abstract: A sizable body of literature exists examining the relationship between regulations and entrepreneurship with this work suggesting that regulatory stringency is inversely related to regional entrepreneurial activity. However, establishing a causal link in this context is difficult due to the challenge of isolating the direct effect of regulations from a number of institutional factors that may be correlated with both the regulations and entrepreneurship. Using state-level panel data from the U.S. coupled with the identification approach of Lewbel (2012), we explore how labor-related regulatory stringency impacts state-level entrepreneurial activity, both in one’s own state and spatially with respect to neighboring states.
Greg Moody, Ph.D.
Lee Professor of Information Systems, MET
Topic: A Longitudinal Examination of Mobile Security Notifications on Security-Related Behaviors.
Abstract: Mobile security notifications (MSNs) that are “pushed” to mobile apps are widely used to help users cope with security threats. However, the evidence of the effectiveness of MSNs is mixed, especially because users often find them intrusive or annoying, and thus disregard them. Studies on security warnings have been conducted to understand their influence on users’ security coping behaviors; however, more research needs to focus on the negative effects of the intrusive delivery of security warnings. We thus apply the extended parallel process model (EPPM) to identify the mechanisms underlying users’ decisions to follow or disregard MSNs based on both message content and message delivery.
Ankur Pareek, Ph.D.
Assistant Professor, Finance
Topic: Women in Politics and Donald Trump: The Effect on Diversity on Corporate Boards.
Abstract: In this paper we examine if gender issues highlighted in visible political races change gender biased social norms and impact subsequent women representation on corporate boards. The surprise win for Donald Trump in 2016 Presidential Election is associated with a significant subsequent drop in the growth of women directors on boards of firms headquartered in counties where Trump won. Viable women candidates in US Senate, US House and Gubernatorial elections also significantly impact women board representation. Firms in districts that experience an increase in viable female candidates are associated with a significant increase in the growth of women directors.
Nadia Pomirleanu, Ph.D.
Associate Professor, MIB
Topic: I Am, therefore, I sell: Low Salesperson Self-Esteem and Sales Performance.
Abstract: The idea that salespeople sell products to self-verify is new to sales management. Salespeople are trained to put the interests of the sales organization first. Through this study we forward the idea that salespeople sell products to confirm their self-views (i.e. self-verification). Although self-verification provides self-related benefits, its role in sales management is not researched to date. To redress this gap, we examine a dispositional variable, ‘salesperson self-esteem’ and propose that law (vs. high) self-esteem salespeople gravitate towards inferior sales strategies (i.e. lower prices, ineffective objection handling, product portfolio selection) because the choice of these strategies confirm their pessimistic self-views.
Hans Rawhouser, Ph.D.
Associate Professor, MET
Topic: Learning from Entrepreneurial Role Models in Developing Countries.
Abstract: While entrepreneurs can act individually, they largely learn what to do as entrepreneurs from other entrepreneurs who they can observe. In developing countries, entrepreneurs confront a shortage of growth-oriented entrepreneurial peers or role models. We have performed 90 open-ended interviews with growth-oriented entrepreneurs in Central America to understand the workarounds that entrepreneurs employ to overcome the several local contextual factors that interrupt the ability of entrepreneurs to learn from entrepreneurial peers and role models.
Aaron Saiewitz, Ph.D., CPA
Assistant Professor, Accounting
Robyn Raschke, Ph.D.
Topic: Can Artificial Intelligence Detect Biased Client Statements to Improve the Auditor-client Inquiry Process?
Abstract: Prior research identifies extensive limitations in the auditor-client inquiry process. To address these concerns, we are developing an innovative automated inquiry system. In this study, we will demonstrate the evaluative capabilities of the AI-based automated inquiry system. We hypothesize that the system will be able to identify aggressive reporters (i.e., clients who aim to report income as high as possible) versus accurate reporters at a rate greater than chance and greater than human auditors, demonstrating the feasibility of the technology. This study has important practical contribution as audit firms invest heavily in automation to enhance audits of complex global companies.
Andrew Zhang, Ph.D.
Associate Professor, Finance
Topic: Liquidity Characteristics of Market Anomalies and Institutional Trading.
Abstract: The long and short legs of stock portfolios formed on market anomalies have different liquidity characteristics. For anomalies with long return-predictive horizons, the long legs tend to be less liquid and have deteriorating liquidity relative to the short legs. Short-horizon anomaly portfolios exhibit an opposite pattern. This is the new finding in the literature. I hypothesize that this liquidity characteristic causes institutional investors’ trading in the right direction of short-horizon anomalies and in the wrong direction of long-horizon anomalies. I also plan to investigate a potentially different impact on market mispricing of liquidity and non-liquidity driven components of institutional trades.