Finance industry – The ASQ Blog

Federal Reserve headquarters facade with columns and eagle under a gray sky

ASQ Interview

Harmon (2019). When the Fed Speaks: Arguments, Emotions, and the Microfoundations of Institutions

By Danielle BovenbergJanuary 17, 20221

Derek Harmon wanted to test whether a leader questioning an institution's assumptions could shake it. That search led him to the one speaker ...

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ASQ Interview

Bowers & Prato (2018). The Structural Origins of Unearned Status: How Arbitrary Changes in Categories Affect Status Position and Market Impact

By changmelodyJuly 2, 20190

Anne Bowers and Matteo Prato set out to explain why Institutional Investor changes its analyst ranking categories. Years later, the paper had flipped ...

Businessman sailing a dollar-bill paper boat over a sea of banknotes

ASQ Interview

Yan, Ferraro, & Almandoz (2018). The Rise of Socially Responsible Investment Funds: The Paradoxical Role of the Financial Logic

By Hui SunMay 15, 20190

Shipeng Yan, Fabrizio Ferraro, and Juan Almandoz recount how a puzzle practitioners kept raising, why responsible investing grows so unevenly across countries, became ...

Fearless Girl statue facing the Charging Bull on Wall Street

ASQ Podcast

PODCAST: Botelho & Abraham (2017). Pursuing Quality: How Search Costs and Uncertainty Magnify Gender-based Double Standards in a Multistage Evaluation Process

By winnieyjiangDecember 13, 20170

Tristan Botelho and Mabel Abraham join the podcast to discuss gender double standards in multistage evaluations, and Abraham's push to move past documenting ...

Pyramid-shaped house of cards built from hundred-dollar bills

ASQ Interview

Yue, Luo & Ingram (2013). The Failure of Private Regulation: Elite Control and Market Crises in the Manhattan Banking Industry

By jrcromwellMarch 22, 20170

Writing from Columbia during the 2008 crisis, Lori Yue, Jiao Luo, and Paul Ingram looked back to 1907, when Manhattan's banking elite let ...

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ASQ Interview

Kacperczyk, Beckman, & Moliterno (2015). Disentangling Risk and Change: Internal and External Social Comparison in the Mutual Fund Industry.

By Pete AcevesJuly 6, 20160

Behavioral theory and prospect theory both predict what firms do when performance dips, but tend to conflate risk with change. Aleksandra Kacperczyk, Christine ...

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ASQ Interview

Merluzzi & Phillips (2016). The Specialist Discount: Negative Returns for MBAs with Focused Profiles in Investment Banking.

By Chen ZhangJune 22, 20161

Conventional wisdom says specialists are rewarded. Jennifer Merluzzi and Damon Phillips found the opposite among MBAs entering investment banking, where the most focused ...

Silhouetted man watching an electronic Nairobi stock exchange price board

ASQ Interview

Yenkey (2015). Mobilizing a Market: Ethnic Segmentation and Investor Recruitment into the Nairobi Securities Exchange

By Pete AcevesApril 14, 20160

Christopher Yenkey went to East Africa to study how new stock markets recruit investors, settling on Kenya after a too-quiet month at the ...

Panoramic view of an open-plan trading floor with rows of workers at monitors

ASQ Interview

Michel (2011). Transcending Socialization: A Nine-Year Ethnography of the Body’s Role in Organizational Control and Knowledge Workers’ Transformation

By mgmauskapfJanuary 27, 20161

Alexandra Michel spent nine years studying investment bankers who work 100-hour weeks, and explains why organizations control employees most effectively through their bodies, ...

Glowing light bulb swinging toward unlit bulbs like a Newton's cradle

ASQ Interview

Kacperczyk (2013). Opportunity Structures in Established Firms: Entrepreneurship versus Intrapreneurship in Mutual Funds

By Pete AcevesMarch 5, 20150

Google and Amazon spend billions keeping employees entrepreneurial, yet research says large firms produce fewer founders. Aleksandra Kacperczyk describes reassessing that conventional wisdom ...

Four casually dressed men sitting on a ledge outside a modern building

ASQ Interview

Almandoz (2014). Founding Teams as Carriers of Competing Logics: When Institutional Forces Predict Banks’ Risk Exposure

By mgmauskapfFebruary 18, 20150

Juan Almandoz came to academia after business and nonprofit careers, curious why the same work means such different things to different people. He ...

Collection of camera lenses arranged together on a black background

ASQ Interview

Smith (2011). Identities as Lenses: How Organizational Identity Affects Audiences’ Evaluation of Organizational Performance

By Pete AcevesJanuary 14, 20150

Edward Smith has compared organizations to fishing boats, exotic fruit, and matchmaking markets. He reflects on when a metaphor carries a theory to ...

Black and white photo of Roosevelt signing the Glass-Steagall Act among officials

ASQ Interview

Funk & Hirschman (2014). Derivatives and Deregulation: Financial Innovation and the Demise of Glass–Steagall

By Pete AcevesNovember 3, 20140

Regulation is supposed to shape innovation. Russell Funk and Daniel Hirschman trace the reverse: how financial swaps quietly eroded Glass-Steagall, and whether banks ...

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