Faculty Research Newsletter
The Center for Applied Research (CAR) newsletter circulates the latest research updates
within and beyond the Pepperdine Graziadio Business School community. This edition
kicks off the fall semester to an impressive start with stunning new publications,
awards, academic board positions, media mentions, and more. It also spotlights fascinating
featured research and faculty contributions at major conferences, exhibiting the results
of a productive summer of research here at Graziadio.
New Intellectual Contributions
- Craig Everett's paper, "Origins and Development of Credit-Based Crowdfunding," has been accepted
by Banking and Finance Review. This descriptive paper examines the origins and development
of credit-based crowdfunding (known as debt crowdfunding) from the “friendly societies”
of the 18th century to the crowdsourced peer-to-peer lending platforms of today.
Everett, C. (forthcoming). Origins and Development of Credit-Based Crowdfunding. Banking and Finance Review.
- Cristina Gibson, along with Patrick Dunlop and Sonia Raghav (Curtin Univ. in Australia), published
a paper in Human Relations entitled, "Navigating Identities in Global Work: The Role
of Identity Conflict in Employee Thriving," examining how global workers manage the
identities that result from their affiliation with different teams, professions, organizations
Gibson, C.B., Dunlop, P., & Raghav, S. (forthcoming). Navigating identities in global work: The role of identity conflict in employee thriving. Human Relations.
- Agus Harjoto and Abraham Park's article, "Community of Inquiry for Blended Learning in Finance" has been accepted
for a publication at Journal of Economics and Finance Education in May of 2020. This
study compares student learning experience between blended and face-to-face (FtF)
modalities in a finance course. Results find that while teaching presence is comparatively
lower, social presence and students’ academic achievement are higher in blended courses
over FtF courses.
Harjoto, A. & Park, A. (2020). Community of inquiry for blended learning in finance. Journal of Economics and Finance Education.
- Donn Kim's research paper with Daniel Huerta-Sanchez (Florida Gulf Coast Univ.), Mohammad Jafarinejad
(Univ. of Wisconsin, Whitewater) and Kenneth Soyeh (College of Charleston) entitled,
"Disentangling Bubbles in Equity REITs," has been accepted for a publication at the
Quarterly Review of Economics and Finance (available online). This paper examines
the occurrence of price bubbles in equity real estate investment trusts (REITs) classified
by property types.
Huerta-Sanchez, D., Jafarinejad, M., Kim, D., & Soyeh, K. (2019). Disentangling Bubbles in Equity REITs. Quarterly Review of Economics and Finance.
- Clemens Kownatzki's paper with Hisam Sabouni (Claremont Graduate Univ.), entitled, "Option Strangles:
An Analysis of Selling Equity Insurance," has been accepted by the American Journal
of Management. The paper analyzes the full return characteristics of option strangles
and develops a set of models to help investors avoid getting steam-rolled.
Kownatzki, C. & Sabouni, H. (forthcoming). Option strangles: An analysis of selling equity insurance. American Journal of Management.
- Agus Harjoto’s research paper with Fabrizio Rossi (Univ. of Cassino and Southern Lazio), titled
"Corporate non-financial disclosure, firm value, risk, and agency costs: evidence
from Italian listed companies," has just been published in Review of Managerial Science
on Oct 23, 2019. This study is one of the studies proposed on his Denney application.
Rossi, F., & Harjoto, M. A. (2019). Corporate non-financial disclosure, firm value, risk, and agency costs: evidence from Italian listed companies. Review of Managerial Science, 1-33.
- Doreen Shanahan, Lynda Palmer and Jim Salas' paper, entitled "Achieving Scaled and Sustained Use
of Client-Based Projects in Business School Marketing Education: A Proposed Suprastructure"
has been published in Journal of Marketing Education on October 18, 2019. This article
describes a unified view of project management and business development processes
as a framework for effective scaled use of CBPs, and outlines a suprastructure as
a means of achieving economies of scale.
Shanahan, D. E., Palmer, L. H., & Salas, J. (2019). Achieving Scaled and Sustained Use of Client-Based Projects in Business School Marketing Education: A Proposed Suprastructure. Journal of Marketing Education. DOI: 10.1177/0273475319881179
- Cristel Russell, with coauthors Caroline Miltgen (Audiencia Business School, Nantes, France) and
Anne-Sophie Cases (Univ. of Montpellier, France), published “Consumers' Responses
to Facebook Advertising across PCs and Mobile Phones: A Model for Assessing the Drivers
Of Approach and Avoidance of Facebook Ads” in Journal of Advertising Research.
Lancelot Miltgen, C., Cases, A. & Russell, C.A. (forthcoming). Consumer responses to Facebook advertising: A cross-device approach. Journal of Advertising Research. DOI: 10.2501/JAR-2019-029
- Cristel Russell, along with Dale Russell (Uniformed Services Univ. of the Health Sciences), published
“The Stress Bias in Mental Health Reporting: Death Anxiety Biases Mental Health Self-Assessments
amongst Deployed Soldiers” in Psychological Services.
Russell, C.A. & Russell, D.W. (forthcoming). The stress bias in mental health assessments. Psychological Services.
Mark Allen was a guest on the podcast Coaching For Leaders with Dave Stachowiak, and discussed the topic, "Tying Leadership Development to Business Results." This conversation explores the changing demographics of the workforce and why it matters for talent acquisition and leadership development today. Mark shares key strategies on ensuring leadership development ties directly to organizational results. Find full episode here.
Jim DilLellio is currently listed in the Top 10% of Authors on Social Science Research Network (SSRN), calculated by total new paper downloads within the last 12 months. His papers available on SSRN include "Constructing Tax Efficient Withdrawal Strategies for Retirees with Traditional 401(k)/IRAs, Roth 401(k)/IRAs, and Taxable Accounts", "Income Falsification on Mortgage Applications During the Housing Bubble", and "Risk and Reward of Fractionally-Leveraged ETFs in a Stock/Bond Portfolios."
Darren Good published a blog with Christopher Lyddy (Providence College), "Practice O.U.T. to shift from Doing to Being," for Mindful Leader, a social impact for profit organization that seeks to foster the advancement of mindfulness and compassion in the workplace. The piece provides a practical approach to transitioning from incessant doing to more being; the newsletter has recently reached 150K members in preparation for next month's Mindful Leader Summit. Find the full article here.
Miriam Lacey wrote an article for Smallbizdaily entitled, "Entrepreneurs and the "High Hope" Environment." The article outlines differences in the qualities of high-hope versus low-hope work environments, and their subsequent effects on employee satisfaction, productivity and performance. Find the full article here.
PGBS faculty research published in the Graziadio Business Review continues to reach a broader audience. Below are the articles that have been recently cited by publications.
Jillian Alderman, Joetta Forsyth, and Richard Walton’s article, "How Religious Beliefs Influence Financial Decision-Making," (2017) has been cited in "How Religion Affects Consumer Behavior: Consumer Attitudes and Seasonal Demand for Products," by Yousuf Daas at KU Leuven.
A quote from John Richardson and Linnea McCord's article, "Are Workplace Bullies Sabotaging Your Ability to Compete?," (2001) will be published in the upcoming book How to Transform Workplace Bullies into Allies by Jackie Gilbert (Middle Tennessee State Univ.) in spring of next year.
Exploring Paradox Perspectives as a Dynamic Organizational Process for Addressing
Competing Social and Financial Goals
By Rob Bikel (based on DBA Dissertation Research-in-progress)
We all know that organizations and leaders may be torn between integrating sustainability into corporate strategy to achieve financial goals and satisfy a social purpose. Rather than adopting an “either/or” paradigm that can never firmly resolve any tension, my research delves into "both/and" strategies to sustainability and adopts a so-called "paradox mindset”. This paradox perspective is timely, as business leaders are beginning to acknowledge the need for bolder, more radically innovative solutions that meet societal as well as financial goals in light of growing social and environmental problems.
Caution. The tension between enabling growth and pursuing sustainability is coherent and will persist. For example, Whole Foods has long been proud of its dual mission of earning profits and making the world a better place. A recent study, however, showed that most employees working at Whole Foods identified with only one part of the mission—either the organization’s profit focus or its social and environmental goals. Furthermore, this profit-sustainability paradox can be complex as it can be "nested" within other paradoxes (e.g. meeting both social and environmental goals).
Call for action. A paradox mindset for sustainability begins with leaders who move beyond simple lip-service to adopting the mindset themselves and becoming "comfortable with discomfort." Organizations should also develop such capacities in managers and employees. Moreover, it is imperative to unite people with an organizational identity, towards a higher purpose. Consider award-winning firms such as Lego and Digital Divide Data (DDD): executives lead by examples and business operations and social mission are connected by the firm’s passionate commitment to a higher purpose – whether it be “building the builders of tomorrow” or to “stop the cycle of poverty.”
Navigating Identities in Global Work: The Role of Identity Conflict in Employee Thriving
By Cristina Gibson (based on forthcoming work by Gibson, Dunlop & Raghav in Human Relations)
When you are working with colleagues from other disciplines or geographies, do you ever get the sense that each of you have such different perspectives or priorities that none of these will ever be fully satisfied? Does it seem that you have to make difficult trade-offs within your own sense of accountability to certain groups that you are affiliated with, which creates uncomfortable internal tension? In this piece, we examined these instances, which often stem from the multiple social groups that serve as sources of our identity; we may simultaneously identify with a national culture(s), organization, profession, and work team, and these different groups do not always have the same norms or practices.
Our work with global teams in a multinational mining company found that when these identity conflicts occur, some team members experience an inability to thrive at work; that is, they fail to experience both cognitive growth and physical vitality. Yet, certain personal attributes serve as ‘inoculation’ against these identity conflicts. Specifically, being tolerant of ambiguity and engaging in strategies associated with personal resilience reduces the deleterious effects of identity conflict on global team member thriving.
Cultivating these attributes in global workers is especially important given that such work often involves long hours across different time zones, and increased complexity and coordination. So the next time you are on that conference call in the middle of the night, wondering why your team members don’t see eye to eye, remember each has her own affiliations and internally competing priorities—relish in the opportunity to learn and be energized by these differences!
Additional Faculty News
- Cristina Gibson and her colleagues Aida Hjaro (Brunel Univ.) and Markus Pudelko (Univ. of Tubingen)
were awarded a European Excellence in Research Award for their work on diversity climate
published in the Academy of Management Journal in 2017.
Hajro, A., Gibson, C.B., & Pudelko, M. (2017). Knowledge exchange processes in multicultural teams: The link between organizational diversity climate, and effectiveness of teams. Academy of Management Journal, 60(1), 345-72. https://doi.org/10.5465/amj.2014.0442
- Cristina Gibson was one of sixty leaders across business disciplines around the world invited to attend the Global Summit on Responsible Research in Business and Management in Rotterdam, Netherlands. The group includes heads of professional associations, journal editors, deans, and accreditation boards. The goal of the group is to envision and design a new research ecosystem, centered on collaboration between internal and external stakeholders of business research, which is problem-focused, solution-oriented, and capable of producing credible knowledge that will transform businesses into a formidable force for a better world.
- Darren Good presented his proposal, "A Meta-analytic Review of Service Leader Behavior," at the Journal of Service Research Conference. The proposed study seeks to investigate the differential effects of leadership behaviors on service employee attitudes, behaviors, and ultimately customer-related and unit-level outcomes. This research aims to contribute a more comprehensive, extensive study to service literature.
- Agus Harjoto and co-authors Indrarini Laksmana (Kent State Univ.) and W. Eric Lee (Univ. Northern Iowa) were invited by the Advances in Accounting Research Conference to present their research, "Female Leadership in corporate social responsibility (CSR) reports: The Effects on Writing, Readability, and Future Financial and Social Performance," on October 19 at PwC NYC, New York. One of five total papers invited to present at the conference, the paper is moreover under consideration for publication in a Special Issue of Advances in Accounting.
- Jaclyn Margolis and co-author Scott Dust (Miami Univ.) presented their research, "Social Comparison in Teams: The Role of Comparison and Cognition on Target Selection and Efficacy," at the Southern Management Association annual meeting in Norfolk, VA.
- Cristel Russell presented two papers at the Association for Consumer Research Conference in Atlanta, GA. The first paper, “Post-Traumatic Stress and Consumption Behaviors,” collaborates with co-authors Ron Hill (American Univ.) and Dale Russell (Uniformed Services Univ. of the Health Sciences); the second, “Navigating Narratives: Time and Space Navigation and Narrative Experiences," with Stéphanie Feiereisen (Univ. of Montpellier), Dina Rasolofoarison (Univ. of Paris Dauphine), and Hope Jensen Schau (Univ. of Arizona).
- Cristel Russell presented her research on the Brand Backstory at the Southern California Consumer Culture group (SC4) meeting at UC Irvine on Sept 6th. SC4 is a group of researchers that organizes colloquia for Consumer Culture Theory scholars to dialogue and partner in various stages of research. Pepperdine is now officially one of the institutions in this network of SoCal based qualitative marketing researchers, which includes USC and UC Irvine. Read more.
- Cole Short, along with co-authors Owen Parker (Oklahoma State Univ.) and Anand Titus (Univ. of Nebraska-Lincoln) presented his research at the Strategic Management Society annual meeting in Minneapolis, MN. Their research is entitled, "Hold Your Horses: Negative Anticipatory Impression Management and Its Motivations."
Keynote Addresses and Panels
Cristina Gibson gave a keynote address titled, “Publishing Impactful Research,” for the Publishing in Top Journals Forum hosted by the Academy of International Business in Copenhagen, Denmark.
Darren Good gave a keynote address on the practice of mindfulness to support the clinical practice, entitled "Mindful Work for Doctors" at Dignity Health's annual retreat.
On September 26th, John Paglia testified in front of the House Committee on Small Business in Washington, D.C., in the hearing, "SBA Management Review: Small Business Investment Company Program." John was invited as an expert witness on small business and private equity after co-authoring three research papers on the SBA's Small Business Investment Company (SBIC) program, in partnership with the Library of Congress Federal Research Division. Read his written testimony here.
Cristel Russell led a Social Marketing Workshop series at a cancerology forum entitled "Oncoriales 2019" from September 27-28th in Villefontaine, France. Oncoriales is an annual forum hosted by L'Ecole de Cancerologie that seeks to unite young researchers and caregivers to engage in the dialogue on cancer research in the Auvergne-Thone-Alpes regions. Read more here.
Cristel Russell served as an expert on the Social, Political and Communication Sciences "expertpanel" of the FWO (Flanders Research Foundation), a Public Utility Research Foundation that supports fundamental and strategic scientific research, stimulates international cooperation and promotes equal opportunity. The panel evaluates PhD and Post Doctoral applications for funding.
Reseach Tips of the Month
This month, Cristel Russel shares her insights on how to foster and maintain healthy co-authorships. Agus Harjoto reflects on the challenges of balancing the dual demands of teaching and publishing!
Healthy Co-authoring by Cristel Russell
Of all the hurdles involved in research, such as coming up with an interesting idea, accessing subjects, analyzing data, or jumping through reviewer and editorial hoops, fostering healthy co-author relationships presents some of the most unique challenges. Nevertheless, collaborating with great colleagues is one of the most critical and rewarding aspects of the research process. So what does healthy co-authoring look like? As in most relationships, healthy co-authorship comes down to:
- Mutual respect: Respect for each other’s views, contributions, and each other, period. I will heavily borrow from many models about healthy relationships, which, as I recently discovered from my kids, are now discussed as early as elementary school!
- Safety: It is invaluable to start a project with an open and safe dialogue about the rights and responsibilities of authorship. All parties should come to an agreement on what level of contribution warrants authorship, the order of authorship based on said contribution, etc. No one should be bullied in or out of a paper; agree to disagree, but do so in a safe and polite manner. I recommend resources such as ICMJE or the NIH to help colleagues that are new to publishing. Stand firmly on ethical grounds and identify rules that everyone can agree on.
- Honesty: Before starting any project, jointly and candidly review the strengths and weaknesses of each author, agree on a timeline for deliverables such as the literature review or data analysis, and create an overall plan of action that will build on each author’s strengths. And, if and when something goes wrong, address it immediately.
- Cooperation: There are many transition points during joint projects, some planned and some not. Unplanned circumstances in particular demand compassion and dialogue. For instance, if one author asks if a different publication approach can be used because she or he is up for tenure within a year and needs a publication sooner rather than later, the rest of the team should be willing to collaborate. Or if a team member has a personal emergency and cannot meet a deadline, others should be willing to adjust responsibilities, while the member affected, open to corresponding changes (e.g., to authorship order). Approached in an open, reasonable manner, issues like these can easily be addressed and remedied.
- Support: Listening to and appreciating the opinions of others is crucial to any team endeavor. I would opine that this is where many of our modern and very useful communication methods fail. Talking through the phone, video chat, or better yet an in-person meeting can go a long way to ensure more effective communication. Moreover, if one member of a team feels strongly about an issue, listen, process, and, before responding, try to empathize with the other’s perspective.
- Trust: The best relationships are ones in which team trust is so strong that the relationship can endure through any strain. However, establishing trust takes work and time. It is particularly important in new co-author relationships to use the above listed tools to establish a basis for trust in order to grow.
- Accountability: One of the most critical factors to earning another’s trust and respect is being accountable for what we do. In fact, acknowledging one’s errors and shortcomings might arguably be the most crucial ingredient in a healthy relationship both within and outside of academia. Part of establishing a plan and a timeline therefore ensures that each team member is aware of expectations and held accountable for their contributions.
In conclusion, reflecting on the over 100 co-authors I have worked with so far, I wholeheartedly believe that healthy co-authorship is key to enjoying what might otherwise be a lonesome, long, and harsh academic journey. It is my wish that these words of advice would prove helpful for your past, current and future co-author relationships.
Life of Teacher Scholars in Research-Inspired Teaching Universities by Agus Harjoto
Most teachers carry a passion to go above and beyond to inspire students and stimulate their intellectual curiosity. Yet simultaneously, “publish or perish” remains a pressing and relevant term for research-oriented faculty. Balancing teaching and research duties is by no means an easy task; so how can we continue to be inspiring teachers while publishing good research?
A life as a devoted teacher entails engaging with students’ learning, sharing life experiences, mentoring, and developing friendships. These relationships are built over time, both inside, and most often outside, the classroom. I have had many such relationship-building experiences, hoping to help students achieve their “dream job”. This involves reaching out to alumni and professionals and building meaningful relationships with them, a sensitive, costly, and involved process of meeting, traveling, listening, and asking them to serve as mentors to current students.
At the same time, life as a proliferate researcher also involves many layers of complexity. It starts with extensive reading, rigorous study design and data collection, intensive writing, and going through the lengthy, often painful peer-review process. Galley proofreading and online first are good times, while dealing with rejection or letting go of unpublished papers are hard times. In order to publish one article per year, the more working papers we have in the submission process—6-8 seems to be my magic number—the better. Attending conferences is also critical to career success – to showcase your work, network, share aspirations, and garner invitations to speak at other institutions or conferences. But this is also hard work, considering pre-conference submissions, and, of course, literally zero sightseeing time. In addition to personal research endeavors, faculty also serve as a blind reviewers and take on editorships as a way to give back to the academic community and keep our knowledge current. All in all, “publish or perish” cannot be more real.
To close, is the dual teaching-research demand really a false dichotomy? I cannot deny that the teaching-research struggle is a real one; and yet, it is one we must continue to navigate as long as we are faculty. I am blessed and thankful that PGBS provides us resources to excel in both. So let’s support, encourage, pray, and help one another, regardless of our respective disciplines, to continue to be excellent in both teaching and research.