Publications Database
Welcome to the new Schulich Peer-Reviewed Publication Database!
The database is currently in beta-testing and will be updated with more features as time goes on. In the meantime, stakeholders are free to explore our faculty’s numerous works. The left-hand panel affords the ability to search by the following:
- Faculty Member’s Name;
- Area of Expertise;
- Whether the Publication is Open-Access (free for public download);
- Journal Name; and
- Date Range.
At present, the database covers publications from 2012 to 2020, but will extend further back in the future. In addition to listing publications, the database includes two types of impact metrics: Altmetrics and Plum. The database will be updated annually with most recent publications from our faculty.
If you have any questions or input, please don’t hesitate to get in touch.
Search Results
Kanagaretnam, K. and A. Thevaranjan (2021). "The Value of Trust and Fairness in Alliances: An Economic Perspective", Theoretical Economics Letters, 11, 166-185.
Abstract
In this paper, we develop an analytical model to illustrate the role of trust and fairness in alliances and quantify their economic value to alliance partners. We show that alliance profits and the individual firms’ profits are greatest when partners trust and deal fairly with each other. Moreover, trusting and fair dealing partners benefit the most from the synergies of joint production. We also show that when partners do not trust each other, the alliance profits are reduced by a large amount. The alliance potential is further destroyed if partners do not deal fairly with each other in addition to not trusting each other. The lack of trust and fair play causes firms to fight for control. The fight may result in conflict between the two partners or the emergence of a dominant partner. In the dominant partner case, we show that only alliances with high levels of synergy will be formed. But even then, the dominant partner will realize only a small portion of the benefits from synergy.Kanagaretnam, K., Jin, J.Y. and Wang, W. (2020). "Societal Trust and Banks’ Funding Structure", Journal of Behavioral and Experimental Finance, 27.
Abstract
Based on a large sample of U.S. public and private banks from 2000 to 2017, this paper investigates the implications of the county-level societal trust for banks’ funding structure. By using social capital as the proxy for societal trust, we find a significantly positive relationship between societal trust and the core deposits. This finding supports the argument that banks have greater access to retail deposits when they are located in regions with higher levels of societal trust. In an additional analysis, we find that the significant effects of societal trust hold only for smaller private banks.Adair, W.L., Chao, M.M., Fu, J.H., Kung, F.Y.H., Tasa, K. and Yao, D.D. (2018). "Bridging Racial Divides: Social Constructionist (vs. Essentialist) Beliefs Facilitate Interracial Trust", Journal of Experimental Social Psychology, 74, 121-134.
Abstract
Trust serves as the foundation for social harmony and prosperity, but it is not always easy to build. When people see other groups as different, e.g., members of a different race or ethnicity, the perceived boundary often obstructs people from extending trust. This may result in interracial conflicts. The current research argues that individual differences in the lay theory of race can systematically influence the degree to which people extend trust to a racial outgroup in conflict situations. The lay theory of race refers to the extent to which people believe race is a malleable social construct that can change over time (i.e., social constructionist beliefs) versus a fixed essence that differentiates people into meaningful social categories (i.e., essentialist beliefs). In our three studies, we found evidence that social constructionist (vs. essentialist) beliefs promoted interracial trust in intergroup contexts, and that this effect held regardless of whether the lay theory of race was measured (Studies 1 and 3) or manipulated (Study 2), and whether the conflict was presented in a team conflict scenario (Study 1), social dilemma (Study 2), or a face-to-face dyadic negotiation (Study 3). In addition, results revealed that the lay theory's effect on interracial trust could have critical downstream consequences in conflict, namely cooperation and mutually beneficial negotiation outcomes. The findings together reveal that the lay theory of race can reliably influence interracial trust and presents a promising direction for understanding interracial relations and improving intergroup harmony in society.Kanagaretnam, K., Khokar, R. and Mawani, A. (2018). "Linking Societal Trust and CEO Compensation", Journal of Business Ethics, 151(12), 295-317.
Abstract
We examine the association between societal trust and the levels of CEO compensation and the proportion of equity-based compensation of 897 firm-years from 18 countries over the 2007–2013 period. We find both the levels of CEO compensation as well as the proportion of equity-based compensation to be lower in countries with higher levels of societal trust. This suggests that costly regulations on CEO compensation may not be as necessary in jurisdictions with higher levels of societal trust. We also examine the association between pay disparity and societal trust. Consistent with our finding of lower pay at the CEO rank, we find pay disparities are lower in countries with higher levels of societal trust.Kanagaretnam, K., Lee, J., Lim, C.Y. and Lobo, G.J. (2017). "Effects of Informal Institutions on the Relationship between Accounting Measures of Risk and Bank Distress", Journal of International Accounting Research, 16(2), 37-66.
Keywords
Abstract
We investigate the effects of informal institutions (trust, religiosity and the media) on the relationship between accounting-based risk measures and bank distress. We conduct our analysis in two stages. In the first stage, we extend the prior literature by documenting a link between accounting-based risk measures and bank distress during the 2008-2009 financial crisis. In particular, given the environment characterized by rapid growth in financial innovation and complex financial transactions prior to the crisis, simple accounting-based risk measures continue to predict bank distress during this crisis period. In the second stage, we address our main research question related to the effects of selected informal institutions (societal trust, religiosity, and the media) in enhancing the predictive ability of accounting-based risk measures. As hypothesized, we find that these informal institutions enhance the predictive ability of accounting-based risk measures. Our results inform regulators that the focus on strengthening formal institutions should not ignore country-specific informal institutional structures.Karambayya, R. and Reid, W. (2016). "The Shadow of History: Situated Dynamics of Trust in Dual Executive Leadership", Leadership, 12(5), 609-631.
Keywords
Abstract
Both fascinating and perplexing for scholars and managers, dual executive leadership (DEL) is also challenging for the two leaders at the top level of the organization whose roles cut across professional and managerial functions and logics. Conflict may often be present in such duos and can undermine DEL success in the organization. Scholars of plural leadership suggest that trust is a key success factor for DEL relationships, although it has not been closely studied with history and context in mind. This research on DEL in eight non-profit arts organizations provides insights on how past history casts a shadow that influences trust development over time within a DEL relationship and can influence the effectiveness of leadership on the organization. Implications are drawn for research in trust and plural leadership, as well as for boards of directors and current duos in practice.Packard, G., Gershoff, A. and Wooten D. (2016). "When Boastful Word of Mouth Helps Versus Hurts Social Perceptions and Persuasion", Journal of Consumer Research, 43(1), 26-43.
Abstract
Although self-enhancement has recently been established as a central motive for sharing word-of-mouth information, little is known about the impact of self-enhancing assertions (e.g., boasting) on persuasion. We theorize, and demonstrate in three studies, that although boasting is perceived negatively, such immodest self-presentations can either impede or enhance social perceptions and persuasion. The valence of the persuasion outcome depends heavily on trust cues that change the meaning of boasting to the word-of-mouth recipient. Boasting in the presence of low trust cues activates heightened vigilance (e.g., valenced thoughts) about the source’s motives, leading to decreased persuasion. However, when given reason to trust the source specifically or people generally, boasting is readily accepted as a signal of source expertise, leading to increased persuasion. Implications for consumer decision making and firms seeking to manage consumer social influence are discussed.Gomaa, M., Kanagaretnam, K., Mestelman, S. and Shehata, M. (2015). "Exercising Empowerment in an Investment Environment", Journal of Behavioral and Experimental Finance, 7, 33-41.
Abstract
Using data from a laboratory-controlled environment we analyze the decisions of principals to veto the allocations of grossed-up investments proposed by their agents in a modified trust game. Using probit analysis, we find that the trust displayed by the principal and the trustworthiness of the agent are statistically significant variables in estimating the likelihood that a principal will exercise a veto and that the notion of fairness is important in explaining veto decisions. We also analyze the surpluses before and after the exercise of vetoes and find that potential surpluses rise with the introduction of empowerment. However, actual gains are not different from those realized in environments in which principals are not empowered. This result is qualified by the recognition that the number of decision rounds that are played by the participants in this experiment may not be sufficient for the full effect of empowerment to be realized.Kanagaretnam, K., Mestelman, S., Nainar, S.M.K. and Shehata, M. (2014). "Transparency and Empowerment in an Investment Environment", Journal of Business Research, 67(9), 2030-2038.
Abstract
In a laboratory-controlled environment we provide experimental evidence on the effects of transparency (complete over incomplete information) and empowerment on trust and trustworthiness. We implement a simple version of the standard two-person investment game in a repeated game context with multiple treatments under two information environments. We find that when principals are empowered by being able to penalize agents who may not act in a way the principal believes is in the principal's best interest, the level of trust and investment increases over that which is realized in the absence of empowerment regardless of the degree of transparency. In transparent environments the effect of empowerment is about the same regardless of whether empowerment is introduced or removed. However, in opaque environments, the loss of empowerment has a substantially greater negative effect on trust than the positive effect associated with the introduction of empowerment.Kanagaretnam, K., Mestelman, S., Nainar, S. and Shehata, M. (2012). "The Impact of Empowering Investors on Trust and Trustworthiness", Journal of Economic Psychology, 33, 566–577.