Select List of Publications
   

Michel Benaroch, S. Shah, and M. Jeffery (Summer 2006) “On the Valuation of Multi-Stage IT Investments Embedding Nested Real Options,” Journal of MIS

This paper shows that a heuristic nested variation of the Black-Scholes option pricing model, which several have used in the past, can overvalue by more than 100 percent. Then, upon identifying the reason for overvaluation by examining the structure of a custom-tailored binomial model, it derives a more accurate nested variation of the Black-Scholes model.
 

 
Ravi Dharwadkar, G. Graen, R. Grewal, and M. Wakabayashi (2006) “Japanese Career Progress over the Long Haul: An Empirical Examination,” Journal of International Business Studies

This article investigates the managerial career progress in a major Japanese multinational corporation over a 23-year period. The authors’ analyses indicate that predictors from the first three years of one’s career can accurately predict long-term career progress over a 23-year period.
   
Tridib Mazumdar, S.P. Raj, and I. Sinha (2005) “Reference Price Research: Review and Propositions,” Journal of Marketing

Consumers evaluate purchase prices against an internal or external price standard. This article presents a review of what is known and what remains unresolved about the formation, use, and effects of reference price.
   
Byong Duk Rhee, J. Chiang, and M. Shi (2006) “Price Competition with Reduced Consumer Switching Costs: The Case of ‘Wireless Number Portability’ in the Cellular Phone Industry,” Management Science

“Wireless Number Portability” (WNP) enables subscribers to keep their current phone numbers when they switch network operators. The authors show that WNP lowers price. However, in contrast to the regulators’ intentions, it makes a larger network gain more at the expense of smaller networks and new entrants due to price discrimination over networks.
   
 


Minet Schindehutte, Michael Morris, and A. Kocak (2007) “Understanding Market-Driving Behavior: The Role of Entrepreneurship,” Journal of Small Business Management

This article contends that marketdriving behavior is distinct from a firm’s market orientation, and instead is the essence of entrepreneurial action in the Schumpeterian “creative destruction” sense. The firm’s entrepreneurial orientation interacts with other strategic orientations, in the process determining how they are manifested and, in some cases, whether they are manifested.
   
   

Yildiray Yildirim (2006) “Modeling Default Risk: A New Structural
Approach,” Finance Research Letters

This paper provides an alternative approach to the structural credit risk models. The first-passage-time approach extends the original Merton model by accounting for the fact that the default may occur not only at the debt’s maturity, but also prior to this date. Default happens when the firm value process crosses an exhaust barrier. In contrast, this paper defines default as the first time the firm value process crosses a barrier, and the area under the barrier is greater than
the exogenous level.