Academic Publications

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The research conducted at HEC Lausanne makes a significant contribution to scientific and economic debate and is published in leading international scientific journals.

Publications - FT50

The articles below were published in FT50 journals by HEC Lausanne researchers.

FT50 is the list of journals used by the Financial Times to assess academic research and compile business school rankings.

2024

Adena, M., Hakimov, R., & Huck, S. (2024). Charitable giving by the poor: A field experiment in Kyrgyzstan. Management Science.
Auray, S., Devereux, M. B., & Eyquem, A. (In press). Trade wars, nominal rigidities, and monetary policy. Review of Economic Studies, rdae075.
Bó, I., & Hakimov, R. (In press). Pick-an-object mechanisms. Management Science.
Bridoux, F., Bundy, J., Gond, J. P., Haack, P., Petriglieri, J. L., Stephens, J. P., & Sutcliffe, K. M. (2024). The New Normal: Prescriptive Theorizing for Positive Organizational Impact in an Age of Disruption. Academy of Management Review.
Cao, J., Goyal, A., Ke, S., & Zhan, X. (In press). Options trading and stock price informativeness. Journal of Financial and Quantitative Analysis.
Dargnies, M. P., Hakimov, R., & Kübler, D. (In press). Aversion to hiring algorithms: Transparency, gender profiling, and self-confidence. Management Science.
Folini, D., Friedl, A., Kübler, F., & Scheidegger, S. (2024). The climate in climate economics. Review of Economic Studies, rdae011.
Goyal, A., Jegadeesh, N., & Subrahmanyam, A. (In press). Empirical determinants of momentum: A perspective using international data. Review of Finance.
Goyal, A., Wahal, S., & Yavuz, M. D. (In press). Choosing investment managers. Journal of Financial and Quantitative Analysis.
Hendershott, T., Li, D., Livdan, D., & Schürhoff, N. (2024). When failure is an option: Fragile liquidity in over-the-counter markets. Journal of Financial Economics.
Holburn, G. L., Maxwell, J. W., & Bonardi, J. P. (In press). Safe Bets, Long Shots, and Toss-Ups: Strategic Engagements Between Activists and Firms. Management Science.
MacLeod, W. B., Lara, V. V., & Zehnder, C. (In press). Worker empowerment and subjective evaluation: On building an effective conflict culture. Management Science.
Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., ... Schuerhoff, N., Mihet, R., & Khomyn, M. K. (2024). Nonstandard errors. The Journal of Finance.
Peukert, C. (2024). Copyright levies and cloud storage: Ex-ante policy evaluation with a field experiment. Research Policy.
Peukert, C., Sen, A., & Claussen, J. (In press). The editor and the algorithm: Recommendation technology in online news. Management science.
van Dijke, M., Guo, Y., Wildschut, T., & Sedikides, C. (In press). Perceived organizational change strengthens organizational commitment and organizational citizenship behavior via increased organizational nostalgia. Journal of Applied Psychology.

2023

Bacchetta, P., Tieche, S., & Van Wincoop, E. (2023). International portfolio choice with frictions: Evidence from mutual funds. The Review of Financial Studies.
Bacchetta, P., van Wincoop, E., & Young, E. R. (2023). Infrequent Random Portfolio Decisions in an Open Economy Model. The Review of Economic Studies.
Bonardi, J. P., Gallea, Q., Kalanoski, D., & Lalive, R. (2023). Managing pandemics: How to contain COVID-19 through internal and external lockdowns and their release. Management Science.
Choudhary, V., Marchetti, A., Shrestha, Y.R., Puranam, P. (2023). Human-AI Ensembles: When Can They Work? Journal of Management.
Gibbons, R., Grieder, M., Herz, H., & Zehnder, C. (2023). Building an equilibrium: Rules vs. principles in relational contracts. Organization Science.
Heller, S., Ullrich, J., & Mast, M. S. (2023). Power at work: Linking objective power to psychological power. Journal of Applied Social Psychology.
Jasinenko, A. and Steuber, J. (2023), Perceived Organizational Purpose: Systematic Literature Review, Construct Definition, Measurement and Potential Employee Outcomes. Journal of Management Studies.
Kaiser, F., Cuntz, A., & Peukert, C. (2023). Batman forever? The role of trademarks for reuse in the US comics industry. Research Policy.
Laferrière, V., Staubli, D., & Thöni, C. (2023). Explaining excess entry in winner-take-all markets. Management Science.
Melloni, G., Patacconi, A., & Vikander, N. (2023). Cashing in on the culture wars? CEO activism, wokewashing, and firm value. Strategic Management Journal.
Morela Hernandez & Patrick Haack, (2023): Theorizing for Positive Impact. Academy of Management Review.
Schembera, S., Haack, P., & Scherer, A. G. (2023). From compliance to progress: A sensemaking perspective on the governance of corruption. Organization Science.
Wei, Y., Jia, N., & Bonardi, J. P. (2023). Corporate political connections: A multidisciplinary review. Journal of Management.

2022

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.
Lo, D., Zanarone, G., & Ghosh, M. (2022). Contracting to (dis) incentivize? An integrative transaction‐cost approach on how contracts govern specific investments. Strategic Management Journal.
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.
Becerra, M., & Markarian, G. (2021). Why Are Firms with Lower Performance More Volatile and Unpredictable? A Vulnerability Explanation of the Bowman Paradox. Organization Science.
Cavotta, V., Palazzo, G., & Vaccaro, A. (2021). Mobilizing After Corporate Environmental Irresponsibility in a Community of Place: A Framing Microprocess Perspective. Journal of Business Ethics.
Crawford, S., Markarian, G., Muslu, V., & Price, R. (2021). Oil prices, earnings, and stock returns. Review of Accounting Studies.
Gourieroux, C., Monfort, A., Mouabbi, S., & Renne, J. P. (2021). Disastrous Defaults. Review of Finance.
Haack P., Martignoni D., & Schoeneborn D. (2021). A bait-and-switch model of corporate social responsibility. Academy of Management Review.
Haack, P., Schilke, O. & Zucker, L. (2021), Legitimacy Revisited: Disentangling Propriety, Validity, and Consensus. J. Management Studies.
Hakimov, R., C.-Philipp H., Dorothea, K., & Morimitsu K. (2021). How to Avoid Black Markets for Appointments with Online Booking Systems. American Economic Review.
Holm, M. B., Paul, P., & Tischbirek, A. (2021). The transmission of monetary policy under the microscope. Journal of Political Economy.
Jondeau, E., Zhang, Q., & Zhu, X. (2021). When Are Stocks Less Volatile in the Long Run?. Journal of Financial and Quantitative Analysis.
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.

2020

Becerra, M., Markarian, G., & Santalo, J. (2020). The effect of import competition on product diversification revisited. Strategic Management Journal.
Bitektine, A., Haack, P., Bothello, J., & Mair, J. (2020). Inhabited actors: Internalizing institutions through communication and actorhood models. Journal of Management Studies.
Castañer X., Oliveira N. (2020), Collaboration, coordination and cooperation between organizations: Establishing the distinctive meanings of these terms through a systematic literature review. Journal of Management.
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.
Hendershott, T., Li, D., Livdan, D., & Schürhoff, N. (2020). Relationship trading in Over-the-Counter markets. The Journal of Finance.
Schlager, T., de Bellis, E., & Hoegg, J. (2020). How and when weather boosts consumer product valuation. Journal of the Academy of Marketing Science.
Roche, M. P., Conti, A., & Rothaermel, F. T. (2020). Different founders, different venture outcomes: A comparative analysis of academic and non-academic startups. Research Policy.
Roulin, N., & Krings, F. (2020). Faking to fit in: Applicants’ response strategies to match organizational culture. Journal of Applied Psychology.

2019

Conti A., Dass N., Di Lorenzo F., Graham S.J.H., (2019). Venture capital investment strategies under financing constraints: Evidence from the 2008 financial crisis. Research Policy.
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.
Dargnies M. P., Hakimov R., & Kübler D. (2019). Self-confidence and unraveling in matching markets. Management Science.
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.
Hildebrand C, Schlager T. (2019). Focusing on others before you shop: exposure to Facebook promotes conventional product configurations. Journal of the Academy of Marketing Science.
Jondeau E., Zhang Q., Zhu X. (2019). Average skewness matters. Journal of Financial Economics.
Li, D., & Schürhoff, N. (2019). Dealer networks. The Journal of Finance.
Nikolov, B., Schmid, L., Steri, R., (2019). Dynamic Corporate Liquidity. Journal of Financial Economics.

2018

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.

2017

Antonakis J., House R.J., Simonton D.K. (2017). Can super smart leaders suffer from too much of a good thing? The curvilinear effect of intelligence on perceived leadership behavior. Journal of Applied Psychology.
Berman N., Couttenier M., Rohner D., Thoenig M. (2017). This mine is mine! How minerals fuel conflicts in Africa. American Economic Review.
Brumm, J., & Scheidegger, S. (2017). Using adaptive sparse grids to solve high‐dimensional dynamic models. Econometrica.
Chordia T., Goyal A., Nozawa Y., Subrahmanyam A., Tong Q. (2017). Are Capital Market Anomalies Common to Equity and Corporate Bond Markets? An Empirical Investigation. Journal of Financial and Quantitative Analysis.
De Treville S., Ketokivi M., Singhal V. (2017). Competitive manufacturing in a high-cost environment: Introduction to the special issue. Journal of Operations Management.
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.
Dogan B. (2017). How to control controlled school choice: comment. American Economic Review.
Fischer T., Dietz J., Antonakis J. (2017). Leadership process models : A review and synthesis. Journal of Management.
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. Review of Financial Studies.
Koenig M., Rohner D., Thoenig M., Zilibotti F. (2017). Networks in Conflict: Theory and Evidence from the Great War of Africa. Econometrica.
Morricone S., Munari F., Oriani R., de Rassenfosse G. (2017). Commercialization Strategy and IPO Underpricing. Research Policy.

2016

Baumann-Pauly D., Scherer A.G., Palazzo G. (2016). Managing institutional complexity – a longitudinal study of legitimacy strategies at a sportswear brand. Journal of Business Ethics. 137 (1), 31-51
Bollmann G., Krings F. (2016). Workgroup climates and employees’ counterproductive work behaviours: A social cognitive perspective. Journal of Management Studies. 53 (2), 184-209.
Chordia T., Goyal A., Jegadeesh N. (2016). Buyers Versus Sellers: Who Initiates Trades, And When? Journal of Financial and Quantitative Analysis. 51 (5), 1467-1490.
Hussenot A., Missonier S. (2016). Encompassing stability and novelty in organization studies: an events-based approach. Organization Studies. 37 (4), 523-546.
Osterwalder A., Pigneur Y., Guppta K. (2016). Don’t Let Your Company Culture Just Happen. Harvard Business Review.
Sato Y. (2016). Fund tournaments and asset bubbles. Review of Finance. 20 (4), 1383-1426.
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.
Scherer A.G., Rasche A., Palazzo G., Spicer A. (2016). Managing for political corporate social responsibility: New challenges and directions for PCSR 2.0. Journal of Management Studies. 53 (3), 273-298.
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.
Cohn A., Fehr E., Goette L. (2015). Fair wages and effort provision: Combining evidence from the lab and the field . Management Science.
Engle R., Jondeau E., Rockinger M. (2015). Systemic Risk in Europe. Review of Finance.
Esteban J., Morelli M., Rohner D. (2015). Strategic Mass Killings. Journal of Political Economy.
Gonin M. (2015). Adam Smith’s Contribution to Business Ethics, Then and Now. Journal of Business Ethics.
Goyal A., Wahal S. (2015). Is Momentum an Echo? Journal of Financial and Quantitative Analysis.
Gigerenzer G., Marewski J. N., (2015). Surrogate Science: The Idol of a Universal Method for Scientific Inference. Journal of Management.
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.
Hendershott T., Livdan D., Schuerhoff N. (2015). Are Institutions Informed About News? Journal of Financial Economics.
Jacquart P., Antonakis J. (2015). When does charisma matter for top-level leaders? Effect of attributional ambiguity. Academy of Management Journal.
Lalive R., Landais C., Zweimüller J. (2015). Market Externalities of Large Unemployment Insurance Extension Programs. American Economic Review.
Morhart F., Malär L., Guèvremont A., Girardin F., Grohmann B. (2015). Brand Authenticity: An Integrative Framework and Measurement Scale. Journal of Consumer Psychology.
Pocheptsova, A., Petersen, F. E., & Etkin, J. (2015). Two birds, one stone? Positive mood makes products seem less useful for multiple-goal pursuit. Journal of Consumer Psychology.
Sturm R.E., Antonakis J. (2015). Interpersonal Power: A Review, Critique, and Research Agenda. Journal of Management.
Vaccaro A., Palazzo G. (2015). Values against Violence: Institutional Change in Societies Dominated by Organized Crime. Academy of Management Journal.

2014

Busse J., Goyal A., Wahal S. (2014). Investing in a Global World. Review of Finance.
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.
Collet F., Philippe D. (2014). From hot cakes to cold feet: A contingent perspective on the relationship between market uncertainty and status homophily in the formation of alliances. Journal of Management Studies.
de Treville S., Bicer I., Chavez-Demoulin V., Hagspiel V., Schuerhoff N., Tasserit C., Wager S. (2014). Valuing lead time. Journal of Operations Management.
de Treville S., Schuerhoff N., Trigeorgis L., Avanzi B. (2014). Optimal Sourcing and Lead-Time Reduction under Evolutionary Demand Risk. Production and Operations Management.
de Treville S., Petty J. S., Wager S. (2014). Economies of Extremes: Lessons from Venture-Capital Decision Making. Journal of Operations Management.
Devezer B., Sprott D. E., Spangenberg E. R., Czellar S. (2014). Consumer Well-Being: Effects of Subgoal Failures and Goal Importance. Journal of Marketing.
Dietz J., Kleinlogel E.P. (2014). Wage cuts and managers’ empathy: How a positive emotion can contribute to positive organizational ethics in difficult times. Journal of Business Ethics.
Dimopoulos T., Sacchetto S. (2014). Preemptive Bidding, Target Resistance, and Takeover Premiums. Journal of Financial Economics.
Dong M., Ryan S.G., Zhang X.-J. (2014). Preserving Amortized Costs within a Fair-Value-Accounting Framework: Reclassification of Gains and Losses on Available-for-Sale Securities upon Realization. Review of Accounting Studies.
Head K., Mayer T., Thoenig M. (2014). Welfare and Trade without Pareto. American Economic Review.
Haack, P., & Scherer, A. G. (2014). Why sparing the rod does not spoil the child: A critique of the “strict father” model in transnational governance. Journal of Business Ethics.
Khayesi J., George G., Antonakis J. (2014). Kinship in entrepreneur networks: Performance effects of resource assembly in Africa. Entrepreneurship Theory and Practice.
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.
Lee Y.T., Antonakis J. (2014). When Preference Is Not Satisfied but the Individual Is: How Power Distance Affects Person-Job Fit. Journal of Management.
Mastrogiacomo S., Missonier S., Bonazzi R. (2014). Talk Before It’s Too Late: Reconsidering the Role of Conversation in Information Systems Project Management. Journal of Management Information Systems.
Nikolov, B., & Whited, T. M. (2014). Agency conflicts and cash: Estimates from a dynamic model. The Journal of Finance.
Petersen, F. E., & Hamilton, R. W. (2014). Confidence via correction: The effect of judgment correction on consumer confidence. Journal of Consumer Psychology.
Sato Y. (2014). Opacity in Financial Markets. Review of Financial Studies.

2013

Burks S. V., Carpenter J. P., Goette L., Rustichini A. (2013). Overconfidence and Social Signalling. Review of Economic Studies.

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.
Hugonnier J., Pelgrin F., St-Amour P. (2013). Health and (Other) Asset Holdings. Review of Economic Studies.
Rohner D., Thoenig M., Zilibotti F. (2013). War Signals: A Theory of Trade, Trust and Conflict. Review of Economic Studies.
Scherer A.G., Palazzo G., Seidi D. (2013). Managing Legitimacy in Complex and Heterogeneous Environments: Sustainable Development in a Globalized World. Journal of Management Studies.
Zaheer A., Castañer X., Souder D. (2013). Synergy Sources, Target Autonomy and Integration in Acquisitions. Journal of Management.

2012

Antonakis J., Fenley M., Liechti S. (2012). Learning charisma: Transform yourself into someone people want to follow. Harvard Business Review.
Bacchetta P., Tille C., van Wincoop E. (2012). Self-Fulfilling Risk Panics. American Economic Review.
Bernile G., Lyandres E., Zhdanov A. (2012). A Theory of Strategic Mergers. Review of Finance.
Goette L., Huffman D., Meier S., Sutter M. (2012). Competition Between Organizational Groups: Its Impact on Altruistic and Antisocial Motivations. Management Science.
Haack P., Schoeneborn D., Wickert C. (2012). Talking the Talk, Moral Entrapment, Creeping Commitment? Exploring Narrative Dynamics in Corporate Responsibility Standardization. Organization Studies.
Morellec E., Nikolov B., Schuerhoff N. (2012). Corporate Governance and Capital Structure Dynamics. The Journal of Finance.
Palazzo G., Krings F., Hoffrage U. (2012). Ethical Blindness. Journal of Business Ethics.

Publications - HEC A+

The articles below were published in some of the most prestigious and selective journals internationally, listed as "A+" by HEC Lausanne. This is a selection from the papers published by HEC Lausanne researchers. For a complete list of publications, please see our research database.