IESE Insight - Relevant Business Knowledge

Disclosure regulation and competitive interactions

Date: 01/09/2021 Author(s): Marc Badia; Miguel Duro; Bjorn N. Jorgensen; Gaizka Ormazábal Document type: Article in Journal (refereed) We study the effects of mandatory disclosure on competitive interactions in the setting of oil & gas (O&G) reserve disclosures by North American public firms. We document that reserve disclosures inform competitors: when one firm announces larger increases in O&G reserves, competitors experience lower announcement returns and higher real investments. ...

Targeted price controls on supermarket products

Date: 01/12/2020 Author(s): Diego Aparicio; Alberto Cavallo Document type: Article in Journal (refereed) We study the impact of targeted price controls on supermarket products in Argentina. Using daily prices for controlled and non-controlled goods we examine the effects on inflation, product availability, entry and exit, and price dispersion. First, price controls have only a small and temporary effect on inflation that reverses soon after the controls ...

Creating and capturing value from emerging technologies

Date: 01/12/2020 Author(s): Yuliya Snihur; Raphael Amit; Christoph Zott Document type: Article in Journal (refereed)

How mixed ownership affects decision making in turbulent times: Evidence from the digital revolution in telecommunications

Date: 01/10/2020 Author(s): David Wehrheim; Hakki Dogan Dalay; Andrea Fosfuri; Christian Helmers Document type: Article in Journal (refereed) This study examines how the ownership structure of corporations shapes their responses to discontinuous technological change. We analyze whether mixed ownership, a situation where following privatization a company's shares are held both privately and by the government, is associated with less innovation in response to discontinuous technological change. ...

When employees and supervisors (do not) see eye to eye on family supportive supervisor behaviours

Date: 01/09/2020 Author(s): Elise Marescaux; Yasin Rofcanin; Mireia Las Heras; Remus Ilies; Mª José Bosch Document type: Article in Journal (refereed)

Impact of informal institutions on the prevalence, strategy, and performace of family firms

Date: 01/09/2020 Author(s): Pascual Berrone; Patricio Duran; Luis Gómez-Mejía; Pursey Heugens; Tatiana Kostova; Marc van Essen Document type: Article in Journal (refereed) Family-controlled firms (FCFs)’ prevalence, strategies, and performance differ across countries. We explain these differences through the lens of informal institutions, suggesting that different countries have different levels of appreciation for family business. To capture this effect, we introduce the construct of family business legitimacy (FBL) ...

Price-denomination effect

Date: 01/09/2020 Author(s): Elena Reutskaja; Jeremiah Iyamabo; Priya Raghubir; Íñigo Gallo Document type: Article in Journal (refereed) Building on past research on judgment anchoring, we investigate the effect of price information on consumers’ choice of denomination when making a purchase. Across seven experiments, including two in the field (N = 4,020), we find that people tend to purchase with denominations that are the same as the product prices. They use larger denominations ...

Can brands claim ignorance? Unauthorized subcontracting in apparel supply chains

Date: 01/09/2020 Author(s): Felipe Caro; Leonard Lane; Anna Sáez de Tejada Cuenca Document type: Article in Journal (refereed) Unauthorized subcontracting—when suppliers outsource part of their production to a third party without the retailer's consent—has been common practice in the apparel industry and is often tied to non-compliant working conditions. Because retailers are unaware of the third party, the production process becomes obscure and cannot be tracked. In this ...

A Behavioral perspective of search in nonprofit organizations

Date: 01/08/2020 Author(s): Horacio Enrique Rousseau; Philip Bromiley; Pascual Berrone Document type: Proceedings In this paper, we extend the BTOF to nonprofit organizations. Nonprofits hold both financial and higher-priority nonfinancial programmatic performance goals that relate to program spending directed to fulfill a social mission. We hypothesize that, while financial performance above aspirations decreases fundraising, programmatic performance above aspirations ...

Consumers' pursuit of material and experiential purchases

Date: 01/08/2020 Author(s): Tom Gilovich; Íñigo Gallo Document type: Article in Journal (refereed) More than 15 years ago, Van Boven and Gilovich (Journal of Personality and Social Psychology, 85, 2003, 1193) presented evidence that experiential purchases make people happier than material purchases once consumers have covered their basic needs. This experiential advantage has attracted significant attention from researchers in the fields of social ...

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