Research

The research centers and institutes at the DeGroote School of Business rank among the world’s best, and our students — both graduate and undergraduate — reap the benefits of these first-class facilities while they learn from some of the country’s finest researchers and educators.

DeGroote faculty have studied extensively nationally and internationally, bringing their wide variety of experiences and backgrounds to the School of Business success story.

There is a need, and an opportunity, for rigorous and broad-based interdisciplinary research that investigates the creation of value in an enterprise. Such areas include traditional valuation metrics as well as new approaches to the valuation of the development of human capital, product development and innovation, brand development, reputation, customer development, societal and environmental impact, leadership, and crisis management. The Institute will provide future and, indeed, current business professionals with the techniques and expertise to understand and assess business strategies and the tangible and intangible assets that contribute to their value more fully.

The former AIC Institute for Strategic Business Studies in 2007 issued a call for proposals to faculty to conduct scholarly research into the content and process of defining, creating and measuring value in an enterprise. Perspectives and methodologies that go beyond traditional business valuation models and are not anchored in any one specific discipline were encouraged. Recent working papers by DeGroote School of Business faculty and PhD students along this line of research are provided below.

Working Paper Series in Strategic Business Valuation

Michael Lee-Chin & Family Institute for Strategic Business Studies Working Paper Series

This working paper series presents original contributions focused on the theme of creation and measurement of value in business enterprises and organizations.

2017 Working Papers

Cross-Country Competitive Effects of Cross-Listings
Sergei Sarkissian, Yan Wang | 2017-08 | Download the PDF

This paper studies the cross-country competitive effects of foreign listings on U.S. exchanges. We show that incumbent U.S. firms respond strongly negatively to foreign listings and weakly positively to foreign delistings. The performance decline of U.S. firms is related to the competitive advantages that foreign firms receive from placing their shares in the United States […]

Designing a Global Digital Currency
Ronald Balvers, Bill McDonald | 2017-07 | Download the PDF

The notion of a global currency is a debate set aside in the past decade as the abstraction saw little potential for realization in a world with heterogeneous governments unwilling to sacrifice seigniorage for optimal design. The technical capability of creating digital currencies, independent of governments, resurrects the discussion and begs the questions of practical […]

Beauty Premium? Evidence from Institutional Investors’ Voting for All-Star Analysts
Congcong Li, An-Ping Lin, Hai Lu, Kevin Veenstra | 2017-06 | Download the PDF

This study examines whether institutional investors’ voting for All-Star financial analysts is affected by analyst beauty. Using a sample of 1,135 U.S. analysts and controlling for analyst performance, we document that beauty, on average, does not affect the outcome of All-Star analyst voting. However, a beauty premium emerges in those sectors where there is high […]

The Relationship between Initial and Ongoing Fees in Franchising: A Meta-Analysis
Farhad Sadeh, Manish Kacker | 2017-05 [replaces 2016-03] | Download the PDF

Mechanisms and rationales for revenue sharing have been the subject of many theoretical and empirical studies on contracting. Franchisors typically derive economic profits (for the rights they grant to franchisees) through revenue sharing contracts. Franchising is a popular form of retailing in a wide range of product and service markets, plays a significant role in […]

Performance Impact Of Distribution Expansion: A Review And Research Agenda
Jonathan D. Hibbard, Manish Kacker, Farhad Sadeh | 2017-04 | Download the PDF

The emergence of new technologies, shifting consumer needs and growth in competition have made the expansion of distribution a business imperative for many firms. In this chapter, we review the empirical marketing literature on the performance consequences of distribution expansion and offer an agenda for future research. In doing so, we consider two dimensions of […]

Social Capital and Bank Stability
Justin Yiqiang Jin, Kiridaran Kanagaretnam, Gerald J. Lobo, Robert Mathieu | 2017-03 | Download the PDF

Using a sample of public and private banks, we study how social capital relates to bank stability. Social capital, which captures the level of cooperative norms in society, is likely to reduce opportunistic behavior (Jha and Chen 2015; Hasan et al. 2016) and, therefore, act as an informal monitoring mechanism. Consistent with our expectations, we […]

Does Marketing Capability matter in determining the Effectiveness of Sport Sponsorships?
Kamran Eshghi, Sourav Ray, and Hesam Shahriari | 2017-02 | Download the PDF

Despite the significant academic and corporate interest in sports sponsorships, and despite the significant financial stakes these present (sports sponsorship is almost a $15 billion business in North America alone), the literature is equivocal both on the impact as well as on the determinants of the effectiveness of these activities. While some papers report sports […]

Quality Signaling through Ex-Ante Voluntary Information Disclosure in Entrepreneurial Networks: Evidence from Franchising
Farhad Sadeh and Manish Kacker | 2017-01 | Download the PDF

This paper examines antecedents of ex-ante voluntary information disclosures for standardized contracts in entrepreneurial networks. Entrepreneurs (e.g., franchisors) may make such disclosures to prospective business partners in order to signal profitability of partnering, attract financial and managerial resources and develop their entrepreneurial networks. In practice, only a fraction of franchisors make financial performance representations (FPR), […]