Economy

Highly successful women and racial minorities help to challenge stereotypes and serve as role models for members of their social groups, but seeing them in prominent roles can also create the illusion that organizations are more diverse than they really are, according to new research from the University at Buffalo... Read more

Could the rules of the options market be quietly costing you ten times more than your stock trades? A recent study in The Review of Financial Studies uncovers how current market rules protect high profits for option wholesalers and create significant financial incentives for brokers to favor option trading over... Read more

AI avatars are helping UK businesses save time and money, but without clear rules, workers are at risk and growth opportunities are being missed. A report published in the journal Synthetic Media Research Network, Replique warns that without clear legal rules, businesses risk costly mistakes that could turn cost savings... Read more

A new study finds overconfident CEOs are less likely to delegate responsibilities to underlings, particularly in settings that involve complex transactions—such as hammering out the details of high-stakes deals. The paper, "Leave it to Me: Overconfident CEOs' Lower Propensity to Delegate Acquisition Responsibility," is published in the Journal of Management... Read more

What if AI could predict the next financial meltdown? Sounds like a promising idea, yet as new research finds, the devil is in the details.... Read more

Worries about the British economy have long been dominated by one persistent concern—weak productivity. Since the financial crisis of 2008, growth has stagnated, leaving the UK trailing well behind the US, France and Germany across that whole period.... Read more

Hollywood loves a comeback story: a director who flopped and then returned with a masterpiece or the producer who went bust and bounced back with a winner. It's a narrative rooted in the business belief that failure is a great teacher. But what if, for certain teams, failure teaches nothing... Read more

Technological advancements and the dynamics of the platform economy make rooting out fraud more complicated than it may seem. With print media circulation and broadcast television viewership in free fall, a lot is riding on the online advertising space being able to take up the slack. The good news is,... Read more

A study of 1.4 million real workplace interactions with artificial intelligence reveals teachable differences between routine and sophisticated AI use that offer organizations a concrete road map for identifying and scaling high-impact AI capability. The joint study by KPMG LLP—the U.S. audit, tax, and advisory firm—and the McCombs School of... Read more

A company's ability to be technologically unique is an asset, but it can also be a costly, isolating characteristic. A new study published in Strategic Management Journal provides empirical evidence of this paradox, offering documentation of technologically unique payoffs, as well as the double penalty of being a contrarian company.... Read more

Social mobility opportunities for young people in coastal and rural areas are constrained by the lack of jobs available, a new study shows. Those who stay in the seaside towns where they grew up find their opportunities and choices limited and are more likely to work in routine and manual... Read more

A decade ago, when working as a junior analyst in a Chicago marketing firm, Sangah Bae was winding down her workday, hoping to make a happy hour with her colleagues. At 4:30 p.m., her manager rushed to her desk with a request to do just one more thing before she... Read more

What would happen if AI becomes capable of performing essentially all economically valuable work? In a wide-ranging Q&A, Yale economist Pascual Restrepo dives into how economists view the future of labor markets.... Read more

If you've ever ordered food through DoorDash, Uber Eats or Instacart, you may have realized the person who delivers it isn't a salaried employee. They're gig workers—independent contractors who pick up delivery tasks through an app, get paid per delivery and have no guaranteed hours, benefits or minimum wage protections.... Read more

Sang Won Han, an Assistant Professor of Sociology at Sungkyunkwan University (co-first author), in collaboration with Shinjae Won, an Associate Professor of Management and Strategy at Ewha Womans University, has published a study in the Strategic Management Journal. The paper, titled "Hiring at the Tip of the Funnel: Externalizing the... Read more