I’m pleased to feature a new installment of our Research Roundup, which includes faculty research recently published in or accepted by top academic journals:
Robert Battalio, Professor of Finance
The Cost of Exposing Large Institutional Orders to Electronic Liquidity Providers (Management Science)
The research begins by showing that relationships between high-frequency traders (HFTs) and brokers allow brokers to avoid paying exchange fees for small pieces of large institutional orders. The researchers conclude by demonstrating that this type of routing strategy allows HFTs to become aware that large order is being worked in the market and to use this knowledge to engage in profitable trading strategies that increase overall trading costs for the large institutional order.
John Donovan, Assistant Professor of Accountancy
Financial Reporting and Entrepreneurial Finance: Evidence from Equity Crowdfunding (Management Science)
The study examines the role of accounting in entrepreneurial finance and provides evidence that greater financial statement disclosure increases capital raised through equity crowdfunding. The research also documents that financial reporting is incrementally more important in raising entrepreneurial capital when the firm has longer historical operations, during periods of greater macroeconomic uncertainty, and when complemented by other sources of non-financial disclosure.
Adam Wowak, Viola D. Hank Associate Professor of Management
John Busenbark, Assistant Professor of Management & Organization
How do employees react when their CEO speaks out? Intra- and extra-firm implications of CEO socio-political activism (Administrative Science Quarterly)
CEOs are increasingly taking public stances in societal debates. The research investigates the influence of such CEO activism on employees’ attitudes and behaviors, particularly their engagement with the firm and with the ideology underpinning the CEO’s stance. The researchers find that employees’ reactions to activism hinge on the alignment between their own values and the CEO’s stance. When they agree, employees respond positively, strengthening their commitment to the firm and support for the CEO’s ideological position. When the stance runs counter to employees’ values, they pull away, experiencing diminished commitment and support for the CEO’s cause.
Katie Wowak, Robert & Sara Lumpkins Associate Professor of Business Analytics
John Lalor, Assistant Professor of IT, Analytics, and Operations
Sririam Somanchi, Assistant Professor of Business Analytics
Corey Angst, Jack and Joan McGraw Family Collegiate Professor of IT, Analytics, and Operations
Business analytics in healthcare: Past, present, and future trends (Manufacturing & Service Operations Management)
The researchers provide a working definition of “business analytics in healthcare,” which had been absent from the literature. The paper leverages a topic modeling technique and network analysis to provide insight into how business analytics in healthcare research changes over time, and new opportunities for research. It provides an in-depth analysis of articles from the UT Dallas journal list published between 2007 and 2020. The study also analyzes another 6,515 articles from PubMed via the research team’s interactive article analysis web application tool, which is publicly available, over the same time period.
Joonhyuk Yang, Assistant Professor of Marketing
Digitization and Flexibility: Evidence from the South Korean Movie (Market Marketing Science)
This paper studies the transition from 35 mm to digital technology in the movie exhibition industry. Once digital movies were broadly available, theaters created increased product variety during less popular time slots on weekdays while offering more showings of consumers’ favorite movies during peak demand on weekend evenings. Overall, the research shows that digitization of movies and projection technology creates flexibility in scheduling, which seems to allow theaters to better respond to consumer demand.
Thank you to Robert, John D., Adam, John B., Katie, John L., Sririam, Corey and Joonhyuk for your important research contributions. My congratulations to all.
In Notre Dame,
Martijn