HOME RUN OR STRIKEOUT Does pay disparity affect performance?
2017
OSU Spears School of Business Dean Ken Eastman Vice Dean, for Graduate Programs and Research Ramesh Sharda Associate Deans Marlys Mason Carol Johnson Spears School Marketing and Communications Terry Tush Editor Dorothy L. Pugh Art Director Paul V. Fleming Writer Ariel West Photography Gary Lawson Phil Shockley Jordan Benson Spears School Department Heads Lee Adkins, Department of Economics and Legal Studies in Business Bruce Barringer, School of Entrepreneurship George Krull, School of Accounting (interim) Jim Pappas, Department of Management Betty Simkins, Department of Finance Joshua L. Wiener, School of Marketing and International Business Rick L. Wilson, Department of Management Science and Information Systems
Contact Spears School of Business Oklahoma State University 201 Business Building Stillwater, OK 74078-4011 405-744-5064 business.okstate.edu
GREETINGS, We are pleased to share the impactful research and successes from
the Spears School of Business faculty at Oklahoma State University. This was an outstanding year for research development in many departments. The focus for this edition of Discover@Spears research magazine is our Department of Management and its faculty members’ impressive research in behavioral ethics, reputation, pay disparity and transparency among others. Our Management Department educators are publishing actively in top scholarly journals. For our cover story, “Pitching for Pay,” associate professors of management Aaron Hill and Federico Aime analyze the importance of employees understanding the link between performance and pay. You will also read about research from associate professor of Economics and Legal Studies John Winters as he compares self-employment rates among foreignborn STEM graduates and foreign-born non-STEM graduates, among other top-tier research articles. We look forward to highlighting the outstanding research our faculty conduct and honor the teaching they provide for Oklahoma, the United States and internationally. We continue to be impressed by their efforts to improve the world around them. Enjoy reading about the difference Spears Business faculty members are making with their research. For more information on their outstanding efforts, visit the Faculty Research website: business.okstate.edu/research/index.html. All the best,
Ken Eastman, Ph.D. DEAN, SPEARS SCHOOL OF BUSINESS
Oklahoma State University, in compliance with Title VI and VII of the Civil Rights Act of 1964, Executive Order 11246 as amended, and Title IX of the Education Amendments of 1972 (Higher Education Act), the Americans with Disabilities Act of 1990, and other federal and state laws and regulations, does not discriminate on the basis of race, color, national origin, genetic information, sex, age, sexual orientation, gender identity, religion, disability, or status as a veteran, in any of its policies, practices or procedures. This provision includes, but is not limited to admissions, employment, financial aid, and educational services. The Director of Equal Opportunity, 408 Whitehurst, OSU, Stillwater, OK 74078-1035; Phone 405-744-5371; email: eeo@okstate.edu has been designated to handle inquiries regarding non-discrimination policies. Any person (student, faculty, or staff) who believes that discriminatory practices have been engaged in based on gender may discuss his or her concerns and file informal or formal complaints of possible violations of Title IX with OSU’s Title IX Coordinator 405-744-9154. / This publication, issued by Oklahoma State University as authorized by Vice Dean for Graduate Programs and Research, was printed by Royle Printing Company at a cost of $5,384.08. 7M / (2017 09 #6981.
Ramesh Sharda, Ph.D. VICE DEAN, G R A D UAT E P R O G R A M S AND RESEARCH WAT S O N G R A D UAT E S C H O O L O F M A N AG E M E N T
A publication of Oklahoma State University Spears School of Business • Vol. 2 , No. 1 , Fall 2017
GRAND SLAM AHEAD?
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Or are the differing pay levels at companies more likely to lead to a strikeout? New research takes a hard look at that question. (Cover photo illustration by iStock)
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Speaking of Money …
When the Fed Speaks …
If It’s Bad News …
… Turns out large corporate paychecks are keeping a lot of immigrants in STEM fields from becoming entrepreneurs.
… The markets roll in such a way that you might wonder exactly what they’re hearing.
… You might as well get it all over at once, research shows.
INDEX
18 Faculty Changes
20 Editorial Input
22 Faculty Recognition
23 Faculty in the News
Making Sense of It All Trading costs can predict stock returns, OSU research finds BY A R I E L W E S T
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“ … W E FO U N D ST R O N G E V I D E N C E T H AT T R A D I N G CO STS D O FO R E C AST F U T U R E STO C K R E T U R N S .” — G R E G E ATO N
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Have you ever wondered when — and how — to handle your stock portfolio? By using U.S. equity market-level data from 1926 through 2015, Oklahoma State University assistant professor of finance Greg Eaton nailed down the predictive power of trading costs in his latest research, “Micro(structure) before Macro? The Predictive Power of Aggregate Illiquidity for Stock Returns and Economic Activity,” which will soon appear in the Journal
By using monthly market-level trading cost measures, Eaton was able to forecast stock returns a month in advance. These findings are of particular interest to the investment community and policy makers, but adding to the current literature also sets the stage for future research. “Our research gives us a better understanding of how asset prices are formed,” Eaton says. “The implication of our research is now we know a little more about how asset prices are formed, specifically how the cost of trading affects an asset’s price and future return. An extension of our work could look at the stock level or asset-specific level and examine how cross-sectional variation in trading costs affects asset prices.” @
of Financial Economics. Eaton cut out the PHOTO: JORDAN BENSON / SPEARS BUSINESS
volatility component from trading cost measures and found that embedded volatility was causing misleading results. “One important aspect of our study is how we measure trading cost,” Eaton says. “We document that most measures of trading cost mechanically embed a volatility component, and it’s important to extract that component so we make sure that our results are driven by actual trading costs as opposed to volatility in disguise. Making this adjustment does have an important impact on our results. What we find is that the trading costs before we made the adjustment did not forecast stock returns, but once we extracted the embedded volatility component, we found strong evidence that trading costs do forecast future stock returns.”
Greg Eaton is an assistant professor in the finance department. He received his doctorate in finance from the University of Georgia in 2016 and a bachelor’s degree in finance from the University of Missouri in 2007. His research has been published in top peer-reviewed journals, including the Journal of Financial Economics and the Journal of Financial and Quantitative Analysis.
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Show ’em the $$$ OSU analysis finds little financial motivation for foreign entrepreneurs to start firms in STEM field BY A R I E L W E S T
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“ B OT H ST E M A N D S E L F - E M P LOY M E N T A R E I N D E P E N D E N T I M P O R TA N T I N G R E D I E N TS FO R E CO N O M I C G R OW T H A N D P R O S P E R I T Y. B OT H P L AY M A J O R R O L E S I N D R I V I N G I N N OVAT I O N .” — JOHN WINTERS
Foreign-born college graduates in the science, technology, engineering and mathematics (STEM) fields are far less likely to be self-employed than foreign graduates in other majors, according to an analysis of the American Community Survey. Why aren’t these technologically and scientifically minded people starting more new companies? That’s what Oklahoma State University associate professor of economics and legal studies John Winters and co-author Zhengyu Cai from Southwestern University of
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Finance and Economics in Chengdu, China, wondered as immigrants to a developed country are generally thought to be more entrepreneurial. One partial yet important explanation is the earning differences between STEM and non-STEM fields: Employed STEM graduates (vs. entrepreneurs) make more money. “Only about 8 percent of foreignborn STEM graduates own their own businesses compared to 11.3 percent of foreign non-STEM graduates,” Winters says. “We wanted to
try to explain this … so we started by documenting that foreign-born STEM graduates, on average, earn much higher in paid employment than their non-STEM counterparts.” The pair compared earnings differences across various college majors for foreign-born graduates. On average, STEM graduates made more money being employed compared to self-employed STEM graduates, but they also made more money than employed non-STEM graduates and self-employed non-STEM graduates. Simply
put, STEM graduates have less financial motivation to pursue self-employment. “We find that earnings differences explain a considerable portion of this self-employment difference between STEM and non-STEM graduates,” Winters says. “Specifically, higher earnings in paid employment accounts for more than 40 percent of the differing self-employment rates between foreign-born STEM graduates and non-STEM graduates. This is only a partial explanation, but a pretty important part of the explanation. … There are certainly some other factors that might be at play here.”
Winters suggests that future research should study people transitioning into and out of self-employment and document the earnings differences before and after the transition. “Both STEM and self-employment are independently important ingredients for economic growth and prosperity,” Winters says. “Both play major roles in driving innovation. However, our study documents that foreign-born STEM workers are not especially prone to self-employment in part because they don’t have to be. Many prefer the comfort and security from paid employment and the high salaries that they can earn.
“There’s not necessarily a policy solution needed for the low self-employment rate for STEM graduates. We’re more concerned that the non-STEM graduates on average do quite poorly in self-employment, which may reflect some sort of selection into self-employment out of necessity or due to limited options in the paid labor market. Some foreign non-STEM graduates have skills that don’t translate well to the American labor market, perhaps because of language, culture or employer uncertainty about foreign university credentials.” @ The research article, “Self-employment differentials among foreign-born STEM and non-STEM workers,” was accepted for publication in the Journal of Business Venturing. To view the article, visit okla.st/2tuovt4.
PHOTO: JORDAN BENSON / SPEARS SCHOOL
John Winters co-authored an analysis on immigrants and entrepreneurship.
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Making Waves Turns out that the Fed ‘staying the course’ unsettles corporate bond markets more than any change does BY A R I E L W E S T
Corporate bond market investors bear the risk that the borrower will not pay them as promised; that’s why corporate bond prices tend to be lower than Treasury bonds. But why isn’t corporate bond investor behavior consistent with the old adage that “no news is good news?” when the Federal Open Market Committee announces a plan to stay the course?
Oklahoma State University professor of finance Tim Krehbiel and associate professor of finance Ali Nejadmalayeri, along with co-author Siamak Javadi from the University of Texas-Rio Grande Valley, look into corporate bond investor behavior in their latest research, “Do FOMC Actions Speak Loudly? Evidence from Corporate Bond Credit Spreads.” OSU Spears Business professor of finance Tim Krehbiel (left) and associate professor of finance Ali Nejadmalayeri produced the research with a University of Texas-Rio Grande Valley colleague. PHOTO: JORDAN BENSON / SPEARS BUSINESS
“If the Federal Reserve announces the intention to ‘stay the course,’ spreads between corporate and Treasury bond prices widen,” Krehbiel says. “If the Federal Reserve announces the intention to either raise or lower rates, the spread between bond market prices narrows, and this is somewhat puzzling behavior. We find that staying the course seems to be unsettling for the corporate bond market.” Corporate bond investors run a high risk of not being repaid by borrowers, so the nature of monetary policy changes is crucial to corporate bond investors. @
This research is to be published in the Review of Finance. To view the article online, visit okla.st/2vImuuY.
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Management THE DEPARTMENT OF
Spears School of Business Oklahoma State University
The Department of Management at the Spears School of Business is nationally recognized for cutting-edge research and strives to provide high-quality, engaging and accessible business education and innovative outreach to improve the lives of people around the world. Management faculty members at Spears Business are actively advancing management theory and scholarship through research. The 30-plus faculty members include nationally and internationally recognized scholars researching in areas such as strategic management, motivation, ethical leadership, negotiations and team
THE NEXT PAGES HIGHLIGHT THE TOP RESEARCH FROM THE DEPARTMENT OF MANAGEMENT DURING THE 2016-17 ACADEMIC YEAR.
dynamics. The department’s scholarly activity is demonstrated through papers published in international top-tier journals.
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Pitching for Pay Using baseball as an example, researchers find disparity between employees’ contributions and their compensation BY A R I E L W E S T
When baseball Hall of Famer Joe DiMaggio was asked in the early 1980s what he would earn if he played at that time, he said, “Based upon what Dave Winfield got for his statistics, I’d have to say to George [Steinbrenner, then the New York Yankees owner], ‘You and I are about to become partners.’” It makes sense that baseball teams should reward their highest performing players based on their contributions to the team’s performance — and organizations should do the same. Sounds simple enough, right? But what if employees don’t know the worth of their contribution to the firm? This is where pay disparity comes into play.
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Spears School of Business associate professors of management Aaron Hill and Federico Aime’s research, “The Performance Implications of Resource and Pay Dispersion: The Case of Major League Baseball,” dives into pay and resource disparity using MLB as the sample.
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“What we found is that people don’t often know their relative contribution to the organization,” Aime says. “Finding the balance between pay and contribution implies that people already know their contributions, so it gets tricky when they don’t. People at the bottom of the contribution spread usually assume they are performing about average, when in reality they could be performing below average and getting paid more than they’re worth. This leads to the employees at the top feeling underappreciated because they are not being rewarded at a level relatively higher to the under-contributing peers.” This disparity is detrimental to firm performance, according to previous research in the area. What the previous research did not look into is potentially the most important factor for pay dispersion: resource value. It makes sense that a light-hitting backup infielder like Mario Mendoza would make less than a Hall of Famer like Joe DiMaggio, right? Why don’t organizations do the same and — like baseball — keep track of statistics so employees know where they stand? “There are at least three reasons for this,” Hill says. “One, some believe that the negative effects of pay dispersion are independent of compensation differences because employees are more likely to focus on how they are treated (i.e., paid) by the firm instead of their contributions to the firm. But many times, you can assess your contributions to the firm with the existence of well-established measures that are visible to all organization members. And now, many firms are directly reporting individuals’ performances so that people know where they stand. “Two, this type of data is difficult to collect, so the opportunity to compare pay and resource contribution is limited. Major League Baseball offers a great opportunity because the performance data — batting
average, earned run average, etc. — are all widely available and everyone knows how everyone else is doing. Three, researchers may have been reluctant to investigate resource value because they feel it’s a less relevant consideration. But really, resource dispersion is manageable, it’s a fundamental responsibility of management to evaluate employees and provide feedback on their performance as well as to respond to turnover, and it’s becoming increasingly important to organizational performance. If people know the relationship between how they are performing, how they’re being paid and the firm’s resources, there would be less inequity.”
“WHAT WE FOUND IS THAT PEOPLE DON’T OFTEN KNOW THEIR RELATIVE CONTRIBUTION TO THE ORGANIZATION.”
— F E D E R I CO A I M E
It’s widely agreed that higher pay dispersion equates to lower firm performance, but the finding that the relationship between resource value and pay dispersion is affecting firm performance gives management a new area to focus on improving. Even some of the classic teams in baseball history had this match, Hill notes. “Many people are familiar with the Oakland A’s from the book and movie Moneyball. They were really good in the late 1980s and early 1990s, and actually were one of the top-spending teams at that time. New owners took over in 1995 and decided to cut payroll and emphasize younger, cheaper players. As they CONTINUES
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cycled out expensive contracts from the prior ownership, by 1997 the A’s had a very low match between pay and individual performance. But the match began to improve — about league average in 1998, then even better in 1999, and the team’s winning percentage likewise went up,” Hill says. “There are other great examples, too. If you look at the best performing teams of the 1990s, the Yankees and Braves were dominant; they spent different amounts, but both had very high matches in the dispersions of pay and individual contribution. This match creates value; high performers feel valued, and low performers see they can earn more and be treated fairly if their performance warrants it. It motivates both high and low performers alike, and moreover, can allow everyone to find their way to contribute and feel they are rewarded fairly.”
“WHEN YOU START MANAGING AND TRACKING YOUR RESOURCES, IT’S GOING TO LEAD TO BETTER FIRM PERFORMANCE.” — AARON HILL
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“When you start managing and tracking your resources, it’s going to lead to better firm performance,” Hill says. “Once you find the balance between dispersions of pay and work contribution in concert with the effects of your overall resource quality and pay level, you can start correcting that pay dispersion, and your employees are going to be happier.” “People want transparent pay, which is great, but it creates problems if there’s not also transparent performance,” Hill says. “What happens when you perform better than someone who makes the same or even more than you do? You get discouraged. Top performers become less motivated and bottom performers won’t change because they have no reason to.” @ The Harvard Business Review showcased Aime and Hill’s research in May, further demonstrating the value in researching pay dispersion in the workplace. To read it, visit okla.st/2v20id5.
Aaron D. Hill is an associate professor and holds the William S. Spears Chair in Business Administration. His primary research focuses on understanding how the personal characters and situational factors of both executives and other key employees work both independently and in concert to affect firm-level outcomes. Hill’s research has examined executives at individual and collective levels, including founders and chief executives as well as members from top management teams and boards of directors. In particular, he has published research addressing the effects stemming from executive self-concepts such as narcissism and hubris/overconfidence; the implications of compensation designs and comparisons; and the mobility of executives and other key employees across organizations. As secondary research interests, Hill investigates corporate political activity and measurement within executive research. PHOTO: JORDAN BENSON / SPEARS BUSINESS
Federico Aime is an associate professor and William S. Spears Chair in Business Administration. He is the author of numerous articles and chapters on the social psychological drivers of organizational decision-making and performance. His research has been published in numerous outlets, including the Academy of Management Journal, the Strategic Management Journal, the Academy of Management Annals and the Journal of Management, where he serves on the editorial board. He is also an active leader in the development of international scholarly research and faculty capabilities, leading programs with a focus on building capabilities in developing economies. He has also received an honorary doctorate from MOI University in Kenya. Before joining academia, Aime held several senior management positions in foreign and international organizations such as Citibank and Zurich. PHOTO: FEDERICO AIME / COURTESY
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Department of Management
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How does unethical behavior affect us? Not like you may think, OSU researchers find BY A R I E L W E S T
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We hear about business scandals all the time, from Wells Fargo creating fake bank accounts to increase profits to Hampton Creek’s inflated sales numbers. But what happens to us morally after we do something wrong? Oklahoma State University associate professor of management Rebecca Greenbaum with co-authors and former OSU doctoral students Julena Bonner, assistant professor at Utah State University, and Matt Quade, assistant professor at Baylor University, investigate the aftermath of unethical behavior on an individual in their latest research. The article combines emotions theories with previous research to explain the effect unethical behavior has on self-image. Greenbaum and her co-authors were interested to see if people fear for their own reputations. They discovered that people tend to try to “make up” for their shame by displaying desirable qualities. “There’s not a lot of research that looks at what people do after they engage in unethical conduct within the organization,” Greenbaum says. “The research that does exist suggests that when people engage in unethical behavior, they morally justify their actions, so they make it seem like their unethical actions
aren’t as bad as what other people may view them as. Another reaction is that when they engage in unethical conduct, they sometimes engage in progressively worse behaviors over time.” She says, “We wanted to see whether or not people are afraid of an evil reputation as a result
“The literature traditionally says that people manage their shame by trying to hide from those around them, so if I don’t want people to know about my unethical behavior, one thing I could do is withdraw from social relationships, so I’m not ‘found out,’” Greenbaum says. “We take a different perspective. We
R E B E CC A G R E E N B AU M A N D H E R CO -AU T H O R S W E R E I N T E R E ST E D TO S E E I F P E O P L E F E A R FO R T H E I R OW N R E P U TAT I O N S . T H E Y D I S COV E R E D T H AT P E O P L E T E N D TO T RY TO “ M A K E U P ” FO R T H E I R S H A M E BY D I S P L AY I N G D E S I R A B L E Q UA L I T I E S . of their unethical conduct. We suggest unethical behavior can lead to shame reactions. Shame is an indicator of self-image threat …. it provides this indication that ‘I’m under threat; other people might see me as having a reduced moral character, and they may not want to associate with me.’” Greenbaum conducted a “shame study” with college undergraduates, asking them to engage in unethical conduct, then take a survey about any shame they felt for being dishonest. She also collected field survey responses from working adults. As a result, Greenbaum’s different approach discovered people don’t quite manage shame the way previous research suggests.
suggest that, as a result of shame, people care about their long-term reputations, and therefore, they are going to exemplify really desirable qualities, so people will want to keep these unethical actors as relational partners.” Greenbaum and her co-authors also found that self-image, tied to unethical behavior, can be even more threatened when the individual is associated with an employer who is intensely focused on a bottom-line mentality. “Our research suggests that if I engage in unethical conduct and I’m associated with this high bottomline mentality boss, I’m going to feel CONTINUES
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even worse about myself because people are going to see through my actions. ‘Not only are you possibly unethical, but you are associated with this ‘shady’ boss;’ that doesn’t look good in terms of how other people would view you, therefore, you might experience more shame, which would then motivate you to try to exemplify other desirable behaviors to those around you,” Greenbaum says. @
The article, “Employee Unethical Behavior to Shame as an Indicator of Self-Image Threat and Exemplification as a Form of Self-Image Protection: The Exacerbating Role of Supervisor Bottom-Line Mentality,” will be published in an upcoming issue of the Journal of Applied Psychology.
Rebecca L. Greenbaum is an associate professor in the Department of Management and holds the William S. Spears Chair in Business Administration in the Spears School of Business. She received her doctorate from the University of Central Florida in 2009. Her research interests include behavioral ethics, dysfunctional leadership, organizational justice and workplace deviance. Her research has appeared in the Academy of Management Journal, Human Relations, Journal of Applied Psychology, Journal of Business Ethics, Journal of Organizational Behavior, Journal of Management, Organizational Behavior and Human Decision Processes, and Organizational Psychology Review.
Rebecca Greenbaum’s study discovers that people who act unethically often follow with much more commendable actions.
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PHOTO: JORDAN BENSON / SPEARS BUSINESS
Ripping Off the Band-Aid
®
Firms under scrutiny often pile on the dirty deeds, OSU research finds BY A R I E L W E S T
Ever experience a co-worker who is ethically challenged — and nobody in the office seems to care? iSTOCK PHOTO
When the going gets tough and the world is against you, research says the best thing to do is get all of the negative out at once. Oklahoma State University assistant professor of management Owen Parker’s latest research focuses on Owen Parker how firms respond to threats to their reputation. When an organization faces public scrutiny, it tends to perform more unavoidable negative activities to lessen the blow to its reputation. “Until now, what we thought is that companies don’t really care that much about what the media thinks or what people are looking at,” Parker says. “But with this paper, we’ve looked at the oil and gas industry and we found that drilling, which is sort of a hazardous activity in the industry, happens when the company is already facing negative scrutiny in the media.” Parker found that smaller and underperforming companies tend to go through compounding the negative attention more frequently than larger companies, since managerial behavior tends to be less organized than in a larger, more insulated firm. The major key to Parker’s research is that reputation matters: It’s not just an outcome; it drives decision-making and perception. “When we think about reputation, we think of it as an asset,” Parker says. “It’s something you want to cultivate. … You want to be known for being good at something. You want to have the media attention on you … but it turns out that’s not always the case. What we’re doing with this line of research … is finding that reputation can matter, and the media attention on the firm matters for your decision making. That’s the general gist of this research and part of the larger program of how reputation influences strategic decisions.” @
Parker’s research was published in the Academy of Management Journal with co-authors A. Erin Bass from the University of Nebraska Omaha and Varkey Titus from the University of Nebraska Lincoln. To read it, visit okla.st/2fRBGlr.
Owen Parker is an assistant professor in
the Department of Management at the Spears School of Business. His research focuses on how the reputations of firms influence their strategic decisions. His work has been published in the Academy of Management Journal, the Journal of Management and the Best Paper Proceedings of the Academy of Management. In addition, his work has been presented at the annual meetings of the Academy of Management and the Strategic Management Society, the Oxford University Reputation Symposium, and the Babson College Entrepreneurship Research Conference.
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New Chairs and Professorships Congratulations to the faculty members who were recently recognized for their contributions through award of a chair or professorship:
Biros
Chakraborty
Dave Biros Fleming Cos. Inc. Professorship in Technology Management
Goutam Chakraborty SAS Professorship in Marketing Analytics
Harounan Kazianga Carson Priority Excellence Kazianga
Professorship in Business Administration
Mason
Nejadmalayeri
Marlys Mason William S. Spears Chair in Business
Stone
Wang
Ali Nejadmalayeri ONEOK Professorship Tom Stone Carson Priority Excellence
Professorship in Business Administration Emma Wang Jay and Fayenelle Helm Professorship John Winters Associates Chair Shu Yan Greg Massey Professorship in Finance
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Winters
Yan
Faculty Grants Several Spears School of Business faculty members have been successful in securing industry and government grants. A list of current active grants includes:
Bruce Barringer and Richard Gajan I-Corps Site Programs, National Science Foundation
Goutam Chakraborty Love’s Fuel Price Optimization; Love’s Data Validation and Analytics for Data Lake; Infinedi Analytics, Infinedi; Central Analytics Project — OG&E; Love’s Retail Sales Predictive Modeling
Barringer
Greco
Gajan
Luse
Davis
Rickman
Lindsey Greco and Evan Davis
Smart Projects, Central Electric Cooperative
Andy Luse Teaching Security … as Easy as 1, 2, 3, Iowa State University/NSA Flow-thru
Dan Rickman Oklahoma State Econometric
Model, Oklahoma Tax Commission Ramesh Sharda Analytics Applications for Smart Energy Infrastructure, NESI-SES Craig Watters Mandela Washington Fellowship: An Entrepreneurship Institute at Oklahoma State University, IREX Mandela Washington Fellows Program Sharda
Watters
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Spears’ Editorial Input Many faculty members in the Spears School of Business at Oklahoma State University also work with highly respected professional journals in their fields. The roles of Spears School faculty are listed below:
Accounting
Entrepreneurship
Don Herrmann Journal of International Accounting Research,
Robert Baron Academy of Management, Editorial Board
Editorial Review Board
Bradley Lawson Auditing: A Journal of Theory and Practice, Ad Hoc Reviewer
The International Journal of Accounting, Invited Manuscript Reviewer
Sandeep Nabar Journal of International Accounting, Auditing and Taxation, Editorial Board
Economics and Legal Studies Harounan Kazianga Journal of African Economies, Associate Editor J.B. Kim Korea and the World Economy, Associate Editor Korean Social Science Journal, Editorial Board Laurie Lucas American Business Law Journal, Editor in Chief Dan Rickman Growth and Change, Co-Editor Journal of Business Valuation and Economic Loss Analysis, Editorial Board Journal of Regional Analysis and Policy, Editorial Board Journal of Regional Science, Associate Editor Papers in Regional Science, Editorial Board The Review of Regional Studies, Editorial Board John Winters Growth and Change, Editorial Board The Review of Regional Studies, Editorial Board
Matthew Rutherford Family Business Review, Editorial Board
Finance Ramesh Rao Banking and Finance Review, Editorial Board Financial Review, Associate Editor Indore Management Journal, Editorial Board Journal of Financial Research, Associate Editor Review of Financial Economics, Editorial Board Betty Simkins American Journal of Business, Associate Editor The British Accounting Review, Associate Editor European Research Studies Journal, Editorial Board Finance Research Letters, Associate Editor International Review of Financial Analysis, Associate Editor Journal of Applied Finance, Associate Editor Journal of Banking and Finance, Associate Editor Journal of Commodity Markets, Co-Editor Journal of Enterprise Risk Management, Editorial Board Journal of Finance Case Research, Editorial Board Journal of Risk Finance, Editorial Board
Management Federico Aime Journal of Management, Editorial Board Matthew Bowler Journal of Business and Psychology, Editorial Board Bryan Edwards Africa Journal of Management, Editorial Board Journal of Applied Psychology, Editorial Board Journal of Business and Psychology, Editorial Board Journal of Management, Editorial Board Personnel Psychology, Editorial Board
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Rebecca Greenbaum Journal of Applied Psychology, Editorial Board Journal of Management, Editorial Board Aaron Hill Academy of Management, Editorial Board Journal of Management, Editorial Board Strategic Organization, Editorial Board Scott Johnson Academy of Management Discoveries, Editorial Board Journal of Management, Editorial Board Journal of Management Studies, Editorial Board Jason Kiley Journal of Management Studies, Editorial Board Tom Stone Canadian Journal of Administrative Sciences, Editorial Board
Career Development International, Associate Editor
Cynthia Wang Organizational Behavior and Human Decision Processes, Editorial Board
Management Science and Information Systems Ali Amiri Information Technology and Management, Editorial Board Dursun Delen Decision Analytics, Associate Editor Decision Sciences Journal, Senior Editor Decision Support Systems, Senior Editor International Journal of Decision Sciences & Applications, Editor
International Journal of Experimental Algorithms (IJEA), Editor
International Journal of RF Technologies: Research and Applications, Associate Editor Journal of Business Research, Area Editor (Big Data and Business Analytics)
Jeretta Horn Nord Journal of Computer Information Systems, Executive Editor Ramesh Sharda ACM Database, Preeminent Editor Decision Sciences Journal, Senior Guest Editor Decision Support Systems, Advisory Editor Rick Wilson Journal of Computer Information Systems, Editorial Advisory Board
Marketing and International Business Todd Arnold Journal of the Academy of Marketing Science, Editorial Board Journal of Business Research, Editorial Board Journal of Marketing Theory and Practice, Editorial Board Journal of Retailing, Editorial Board Journal of Service Research, Editorial Board Tom Brown Corporate Reputation Review, Editorial Board Journal of the Academy of Marketing Science, Editorial Board Journal of Service Research, Editorial Board Karen E. Flaherty Journal of Business Research, Editorial Board Journal of Marketing Theory and Practice, Editor Journal of Personal Selling and Sales Management, Editorial Board
Marlys Mason International Journal of Advertising, Editorial Board Journal of Public Policy & Marketing, Editorial Board Kevin Voss European Journal of Marketing, Associate Editor International Marketing Review, Editorial Board Psychology and Marketing, Editorial Board Josh Weiner Journal of the Academy of Marketing Science, Editorial Board Journal of Public Policy & Marketing, Editor Journal of Relationship Marketing, Editorial Board
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Faculty Recognitions and Awards The Spears School of Business faculty members have been active in their efforts to better Oklahoma State University as well as the communities and world around them. Here’s a list of their most recent achievements:
Economics and Legal Studies Harounan Kazinga, Mehtabul Azam: Top 10%
Researchers in the World, RePEc (2017) John Winters, Dan Rickman: Top 5% Researchers in
the World, RePEc (2017)
Entrepreneurship Per Bylund: Best Reviewer, Academy of Management
meeting, ENT section (2016)
Management Bryan Edwards: Overall Best Paper in the Careers
Management Science and Information Systems Dursun Delen: Citation of Excellence Award, Elsevier Publishing (2016)
Data Science RoAD-Trip Mentor Award, NIH/USC Sponsored (2017) Ramesh Sharda: Inducted into Oklahoma Higher Education Hall of Fame (2016-17) Rick Wilson: OSU Outreach Faculty Award (2016)
Outstanding MBA Faculty Award (2017)
Marketing and International Business
Division program, Academy of Management annual meeting (2017)
Tom Brown: International Research Fellow, Centre for
Rebecca Greenbaum: Finalist, Leave the Ladder Down
Sheth Foundation Best Paper Award, Journal of the Academy of Marketing Science
award, Oklahoma State University Aaron Hill: Strategic Management Society’s Emerging
Scholar Award, nominated (2016-17) Cynthia Wang: Best Paper Proceedings, Gender and
Diversity division, Academy of Management Conference (2017)
Corporate Reputation, Oxford
Best Paper Award, AMA Summer Educators Conference, Services Marketing Track Goutam Chakraborty: Executive MBA Professor of the
Year, CIMBA, Italy, and the University of Iowa Steven Shepherd: Best Paper, Marketing and Public Policy Conference (2017) Kevin Voss: Faculty Fellow, 2017 Academy of Marketing Science Doctoral Consortium
22 DISCOVER @ SPEARS SCHOOL OF BUSINESS
Faculty in the News Spears Business faculty members have been widely interviewed or quoted in popular media throughout the last year. Some also gave expert testimony or public keynote talks. Besides regular columns in magazines such as Entrepreneur and Observer, here is a sampling of such appearances last year:
Per Bylund How Government Regulation Makes Us Poorer (Mises
Aime
Institute, Nov. 28, 2016) / How Regulations Affect Our Everyday Lives (The Tom Woods Show, Aug. 26, 2016) Rebecca Greenbaum Study Reveals Impact of Unethical Behavior on an Individual, According to Research from Oklahoma State University (Business Wire, April 25, 2017) / We’re All Capable of Being an Abusive Boss (Harvard Bu siness Review, Oct. 14, 2016) Aaron Hill and Federico Aime 10 Years of Data on Baseball Teams Shows When Pay Transparency Backfires (Harvard Business Review, May 9, 2017) Aaron Hill The Growing Conflict-of-Interest Problem in the U.S. Congress (Harvard Business Review, Feb. 24, 2017)
Bylund
Greenbaum
Hill
Kiley
Paiva
Stone
Jason Kiley Prestigious Firms Make Riskier Acquisitions Than Other Firms (Harvard Business Review, April 24, 2017)
William Paiva ST Medical Monday: A Chat with William Paiva of
OSU’s Center for Health Systems Innovation (Public Radio Tulsa, April 4, 2017) / Power of Digitized Health Data (Healthcare Tech Outlook, Fall 2016) Tom Stone New Study Shows Gender Differences in Job Performance May Be Declining (Yahoo Finance, Nov. 29, 2016) Mark Weiser Into the Breach: Integrating Cybersecurity into the Business Curriculum (BizEd, Dec. 20, 2016) Jack Wroldsen Opening Remarks at 2017 SEC/NASAA Annual Section 19(d) Conference (U.S. Securities and Exchange Commission, May 9, 2017)
Weiser
Wroldsen
23 BUSINESS.OKSTATE.EDU
Journal Publications Accounting Blaylock, Brad ; Gaertner, Fabio & Shevlin, Terry. “Book-tax Conformity and Capital Structure.” Review of Accounting
Studies. 2016. Lawson, Brad & Eshelman, Daniel. “Audit Market Structure and Audit Pricing.” Accounting Horizons. 2017.
Other recent publications: Research in Accounting Regulation, Accounting and the Public Interest Journal, Journal of Corporate Accounting & Finance, Petroleum Accounting and Financial Management Journal, Today’s CPA, Advances in Accounting Behavioral Research, New Accountant, Journal of Applied Accounting Research, International Journal of Emerging Markets, Journal of Forensic and Investigative Accounting, Accounting Horizons, Contemporary Accounting Research
Economics & Legal Studies Zhengyu, Cai & Winters, John V. “Self-Employment Differentials among Foreign-Born STEM and Non-STEM Workers.” Journal of Business Venturing. 2017. Other recent publications: Modern Economy, Economic Modeling, Eastern Economic Journal, Urban Studies, European Journal of Operational Research, Contemporary Economic Geography, Papers in Regional Science, Wake Forest Law Review, The B.E. Journal of Economic Analysis & Policy, Review of Development Economics, Economics Bulletin, The Electricity Journal, Public Budgeting & Finance, Environmental & Resource Economics, Land Economics, Economics of Governance, Applied Economics, Growth and Change, Journal of Macroeconomics, European Economic Review, Annals of Regional Science, Review of Regional Studies, Computational Economics, Journal of Development Economics, American Journal of Agricultural Economics, Public Finance Review, Virginia Law & Business Review, SMU Law Review, University of Pennsylvania Journal of International Law, The Business Lawyer, Southern Economic Journal, Economics Letters
Entrepreneurship Mueller, Brandon . “Passion and grit: An exploration of the pathways leading to venture success.” Journal of Business Venturing. Forthcoming. Baron, Robert; Mueller, Brandon & Wolfe, Marcus. “Self-efficacy and entrepreneurs’ adoption of unattainable goals: The restraining effects of self-control.” Journal of Business Venturing. 2016.
Other recent publications: Family Business Review, Journal of Business Ethics, Management Decision, Research in the History of Economic Thought and Methodology, Group and Organization Management, Geo Outlook, Journal of Social Entrepreneurship, Review of Political Economy, Journal of Business Venturing Insights, International Entrepreneurship and Management Journal, Journal of Management Studies, Entrepreneurship Theory and Practice, Journal of Small Business Management, Strategic Entrepreneurship Journal.
24 DISCOVER @ SPEARS SCHOOL OF BUSINESS
Finance Eaton, Gregory . “Micro(structure) before macro? The predictive power of aggregate illiquidity for stock returns and
economic activity.” Journal of Financial Economics. 2017. Other recent publications: Review of Finance, Economic Development Quarterly, Journal of Derivatives, Journal of Financial Research, Review of Quantitative Finance and Accounting, Journal of Risk Finance, Managerial Finance, International Review of Financial Analysis, Business Horizons, Journal of Empirical Finance, Journal of Financial and Quantitative Analysis
Management Petrenko, Oleg; Aime, Federico ; Ridge, Jason & Hill, Aaron . “Corporate Social Responsibility or CEO Narcissism? CSR Motivations and Organizational Performance.” Strategic Management Journal. 2016. Bonner, Julena; Greenbaum, Rebecca & Quade, Matt. “Employee Unethical Behavior to Shame as an Indicator of Self-Image Threat and Exemplification as a Form of Self-Image Protection: The Exacerbating Role of Supervisor Bottom-Line Mentality.” Journal of Applied Psychology. 2017. Haleblian, J.; Pfarrer, M.D. & Kiley, Jason . “High-Reputation Firms and Their Differential Acquisition Behaviors.” Strategic Management Journal. In Press 2017. Graffin, S.D.; Haleblian, J. & Kiley, Jason . “Ready, AIM, acquire: Impression offsetting and acquisitions.” Academy of Management Journal. 2016. Hill, Aaron ; Aime, Federico & Ridge, Jason. “The Performance Implications of Resource and Pay Dispersion: The Case of Major League Baseball.” Strategic Management Journal. In Press 2017.
Titus, Varkey; Parker, Owen & Bass, Erin. “Ripping off the Band-Aid®: Scrutiny-Bundling in the Wake of Social Disapproval.” Academy of Management Journal. 2016. Ridge, Jason; Ingram, A. & Hill, Aaron . “Beyond Lobbying Expenditures: How Lobbying Breadth and Political Connectedness Affect Firm Outcomes.” Academy of Management Journal. In Press. Hernandez, M.; Avery, D.R.; Tonidandel, S.; Hebl, M.R. & Washington (Smith), Alexis . “The role of proximal social contexts: Assessing stigma-by-association effects on leader appraisals.” Journal of Applied Psychology. 2016. Other recent publications: Canadian Journal of Administrative Sciences, Personnel Psychology, Journal of Business Research, Disaster Prevention and Management: An International Journal, Human Performance, Journal of Academic Ethics, Journal of Business Research, Journal of Contemporary Athletics, Journal of Organizational Effectiveness, Neuroscience and Biobehavioral Psychology, School Science and Mathematics, The Leadership Quarterly, Journal of Management
Management Science and Information Systems N. Liang; Biros, Dave & Luse, Andy . “An Empirical Validation of Malicious Insider Characteristics.” Journal of Management Information Systems. 2016. Baham, Corey W. ; Hirschheim, Rudy; Calderon, Andres & Kisekka, Victoria. “An Agile Methodology for the Disaster Recovery of Information Systems under Catastrophic Scenarios.” Journal of Management Information Systems. 2017.
CONTINUES
25 BUSINESS.OKSTATE.EDU
Other recent publications: American Journal of Undergraduate Research, Annals of Operations Research, Communications of the Association of Information Systems, Computers & Operations Research, Computers in Human Behavior, Decision Sciences Journal of Innovative Education, Health Care Management Science, Health Informatics Journal, IEEE Journal of Biomedical and Health Informatics, IEEE Potentials, Information Systems Frontiers, Information Technology and Management, International Journal of Computational Intelligence Systems, International Journal of Information Management, Issues in Information System, Journal for the Colloquium of Information System Security Education, Journal of Applied Knowledge Management, Journal of Computer Information Systems, Journal of Information Systems Education, Journal of Strategic Information Systems, Journal of the Faculty of Engineering and Architecture of Gazi University, Journal of the Midwest AIS, Journal of Transport & Health, The International Journal of Computer Networks & Communications (IJCNC), Decision Support Systems, Journal of Management Information Systems
Marketing and International Business Zablah, Alex; Donavan, Todd D.; Carlson, Brad; Maxham III, James & Brown, Tom . “A Cross-Lagged Test of the Relationship between Customer Satisfaction and Employee Job Satisfaction in a Relational Context.� Journal of Applied Psychology. 2016. Other recent publications: Current Opinion in Psychology, European Journal of Marketing, International Journal of Pharmaceutical and Healthcare Marketing, Journal of Behavioral Decision Making, Journal of Business Research, Journal of Marketing Theory and Practice, Journal of Personal Sales & Sales Management, Journal of Product Innovation Management, Journal of Service Research, Journal of Services Marketing, Journal of Sporting Cultures and Identities, Nankai Business Review International, Political Psychology, The Journal of Business and Psychology, Journal of Consumer Psychology, Journal of Public Policy and Marketing
26 DISCOVER @ SPEARS SCHOOL OF BUSINESS
Our
Rankings
#
1
#
1
#
1
Online Master’s in Entrepreneurship (OnlineColleges.com, 2016)
Online MBA for Business Analytics (OnlineMBAToday.com, 2017)
Online MBA in the Big 12 (U.S. News & World Report, 2017)
SPEARS BUSINESS
Power of Personal the
#
5
Master’s in MIS (AffordableColleges.com, 2017)
#
10
Online MBA with a Global Marketing emphasis
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14
Best Value Online Undergraduate Schools
(OnlineMBAToday.com, 2017)
(ValueColleges.com, 2017)
NON-PROFIT ORGANIZATION U.S. POSTAGE P A I D STILLWATER, OK
Business Building, Stillwater, OK 74078-4011
A NEW BEGINNING A rendering of the new Business Building for the Spears School of Business. The building is expected to be completed in January.
PERMIT NO. 191