Schulich Research Day 2017

Schulich School of Business Research Offi ce

SCHULICH RESEARCH DAY 2017

Celebrating innovation, research excellence and collaboration

THURSDAY, JANUARY 26, 2017 RESEARCH CELEBRATION

The 3rd Schulich Research Day is an opportunity to refl ect upon and celebrate our research interests and achievements, as well as a time to think to the future of business education. WELCOME

On behalf of the Schulich School of Business, I wish to extend a warm welcome to all of the presenters, organizers and guests at the 3rd Schulich Research Day.

Research Day is a terrific opportunity for our School to showcase the cutting-edge work of our faculty, and we are delighted that so many of you could be here with us to share in this celebration.

Schulich’s faculty members have been producing world-class research for many years now. They are among the most innovative scholars in the world, conducting breakthrough research in numerous fields of business. Some of that groundbreaking research is on display here today.

Our faculty’s outstanding work has been recognized externally through numerous awards, editorial review board appointments, and research grants. In 2015 alone, Schulich faculty members were awarded $3 million in research funding. Research productivity is at its highest level ever based on the number of articles by Schulich faculty that have been published by top-tier academic journals. In addition, our School is home to 28 funded research chairs and professorships, and Schulich’s Centres of Excellence are a vital source of cutting-edge research.

Our faculty’s work has also been showcased internationally in books such as the recently published Re-Imagining Capitalism, a joint collaboration between Schulich and McKinsey & Company. Published by Oxford University Press, the book brings together renowned academics – including a number of leading Schulich faculty members – as well as global executives and NGO leaders who reflect on the major issues confronting capitalism today and who put forward a number of innovative proposals.

I would like to offer my congratulations to the members of our Research unit for organizing this event, and to the Schulich faculty members whose impressive research work is featured here.

Thank you for taking the time to attend today’s event. I hope you will find the research presented here to be highly informative and useful.

Sincerely yours,

Dezsö J. Horváth, PhD, CM Dean & Tanna H. Schulich Chair in Strategic Management Schulich School of Business PROGRAM

Showcasing Schulich faculty members’ investigative work through engaging poster exhibits 12:30 PM RESEARCH GALLERY VIEWING AND REFRESHMENTS CIBC Marketplace

2:15 PM WELCOMING AND OPENING REMARKS Robert R. McEwen Auditorium Dezsö J. Horváth Dean and Tanna H. Schulich Chair in Strategic Management, Schulich School of Business

2:30 PM PANEL DISCUSSION The Impact of Research in the Schulich School of Business: Making a Difference in the Real World? Marcia Annisette Associate Professor of Accounting and Associate Dean, Students Moren Lévesque Professor of Operations Management and Information Systems, CPA Ontario Chair in International Entrepreneurship Mary Waller Professor of Organization Studies and Director of Schulich Centre for Teaching Excellence Detlev Zwick Associate Professor of Marketing and Director of BBA/iBBA Program Moderator: Matthias Kipping Professor of Policy and Richard E. Waugh Chair in Business History

3:30 PM AWARD PRESENTATIONS Presented by: Dezsö J. Horváth Dean and Tanna H. Schulich Chair in Strategic Management, Schulich School of Business Dean’s Research Impact Award: Lifetime Achievement For achievement of true distinction in their research field and whose integrity and ability inspires alumni, faculty, staff, students, and research community Dean’s Research Impact Award: Emerging Leader For remarkable professional and research accomplishments and demonstrated commitment to fostering relationships and research community building to advancing Schulich’s international reputation for research excellence

3:50 PM CLOSING REMARKS Dirk Matten Professor of Strategy and Hewlett-Packard Chair in Corporate Social Responsibility, Associate Dean Research

4:00 PM ACADEMIC EXCELLENCE RECEPTION Executive Dining Room THE DEAN’S RESEARCH IMPACT AWARD NOMINEES

Lifetime Achievement

For achievement of true distinction in their research ﬁ eld and whose integrity and ability inspires alumni, faculty, staff, students, and research community.

Eileen Fischer Professor of Marketing; Anne & Max Tanenbaum Chair in Entrepreneurship and Family Enterprise; Director of PhD Program

Dirk Matten Professor of Strategy; Hewlett-Packard Chair in Corporate Social Responsibility; Associate Dean, Research

Gareth Morgan Professor of Organization Studies; Distinguished Research Professor (York)

Christine Oliver Professor of Organization Studies; Henry J. Knowles Chair in Organizational Strategy

Justin Tan Professor of Management; Newmont Mining Chair in Business Strategy Emerging Leader

For remarkable professional and research accomplishments and demonstrated commitment to fostering relationships and research community building to advancing Schulich’s international reputation for research excellence.

Jeffery Everett Professor of Accounting

Markus Giesler Associate Professor of Marketing; Marketing Area Coordinator

Kiridaran (Giri) Kanagaretnam Professor of Accounting

Theodore Noseworthy Associate Professor of Marketing; Canada Research Chair in Entrepreneurial Innovation and the Public Good (Tier II); Scientifi c Director, NOESIS: Innovation, Design, and Consumption Laboratory

Charlene Zietsma Director of Entrepreneurial Studies; Associate Professor and Ann Brown Chair of Organization Studies RESEARCH SHOWCASE POSTERS

Accounting Area

Accounting and the Stigma of Poverty: Toronto in the 1920s Cameron Graham1 and Claudine Grisard2 1. Schulich School of Business, York University, Toronto, Canada; 2. Strathclyde University, Glasgow, Scotland

Media Sentiment Divergence and Analyst Earnings Forecasts Hangsoo Kyung1 and Albert Tsang2 1. CUHK Business School, The Chinese University of Hong Kong, New Territories, Hong Kong; 2. Schulich School of Business, York University, Toronto, Canada

Ethics in the Eye of the Beholder: A Pluralist View of Fair Trade Jeff Everett1, Dean Neu1, and Abu Shiraz Rahaman2 1. Schulich School of Business, York University, Toronto, Canada; 2. University of Calgary, Calgary, Canada

Accounting/Finance Area

The Use of Valuation Models Around the World: A Content Analysis of Financial Analyst Reports Hongping Tan and Changqui Yu Schulich School of Business, York University, Toronto, Canada

Entrepreneurship Area

Yes Boss, No Boss: The Role of Hierarchy on Organizational Conﬂ ict and Common Pool Resource Coordination – A Field Experiment in Rural Ghanaian Cooperatives Geoff Kistruck1, Angelique Slade Shantz1, Desiree Pacheco2, and Justin Webb3 1. Schulich School of Business, York University, Toronto, Canada; 2. Portland State University, Oregon, USA; 3. University of North Carolina, Charlotte, North Carolina, USA Finance Area

Angel Investors Around the World Douglas Cumming and Minjie Zhang Schulich School of Business, York University, Toronto, Canada

Market Manipulation and Innovation Douglas Cumming1, Shan Ji2, and Rejo Peter1 1. Schulich School of Business, York University, Toronto, Canada; 2. Capital Markets CRC Limited (CMCRC), Sydney, Australia

Your Mutual Fund Fees Have Caused You Serious Harm! A Dissection of Mutual Fund Fees Flows and Performance Douglas Cumming, Sofi a Johan, and Yelin Zhang Schulich School of Business, York University, Toronto, Canada

Migrating Financial Risk Management Methods to Medicine Eitan Prisman1 and Eliezer Z. Prisman2 1. University of British Columbia, and Gordon and Leslie Diamond Health Care Centre, Vancouver General Hospital, Vancouver, Canada; 2. Schulich School of Business, York University, Toronto, Canada

Do Catastrophic Experiences Affect Risk Attitudes? Evidence from U.S.-Based Managers of Non-U.S. Mutual Funds Gennaro Bernile1, Vineet Bhagwat2, Ambrus Kecskés3, and Phuong-Anh Nguyen3 1. Singapore Management University, Bras Basah, Singapore; 2. University of Oregon, Oregon, USA; 3. Schulich School of Business, York University, Toronto, Canada

Are U.S. Industries Becoming More Concentrated? Gustavo Grullon1, Yelena Larkin2, and Roni Michaely3 1. Rice University, Texas, USA; 2. Schulich School of Business, York University, Toronto, Canada; 3. Johnson Graduate School of Management, Cornell University and IDC, New York, USA

Customer News and Supplier Short Sellers Rui Dai1, Lilian Ng2, and Nataliya Zaiats3 1. WRDS, University of Pennsylvania, Pennsylvania, USA; 2. Schulich School of Business, York University, Toronto, Canada; 3. Sawyer School of Business, Suffolk University, Massachusetts, USA

Why Has Investment-Cash Flow Sensitivity Disappeared? An International Explanation Yelena Larkin, Lilian Ng, and Jie Zhu Schulich School of Business, York University, Toronto, Canada RESEARCH SHOWCASE POSTERS

Marketing Area

Marketplace Protocols in the Making: The Case of Blockchain Technology Burcak Ertimur1, Markus Giesler2, and Ela Veresiu2 1. Fairleigh Dickinson University, New Jersey, USA; 2. Schulich School of Business, York University, Toronto, Canada

Market-Mediated Multiculturation: The Institutional Shaping of the Ethnic Consumer Subject Ela Veresiu and Markus Giesler Schulich School of Business, York University, Toronto, Canada

Compensatory Contagion: A Psychological Defense Against Threat Justin F. McManus, Sean T. Hingston, Peter R. Darke, and Theodore J. Noseworthy Schulich School of Business, York University, Toronto, Canada

Scandal, What Scandal? Consumer Contribution to Brand Reputation Recovery Luciana Velloso and Eileen Fischer Schulich School of Business, York University, Toronto, Canada

Activists on the Inside: Corporate Responsibility as Everyday Practice Michal Carrington1, Detlev Zwick2, and Benjamin Neville1 1. Department of Management and Marketing, University of Melbourne, Melbourne, Australia; 2. Schulich School of Business, York University, Toronto, Canada

Do You Really Hate GMOs? Exploring the Underpinnings of the Preference for Natural Sean T. Hingston and Theodore J. Noseworthy Schulich School of Business, York University, Toronto, Canada

Compensating for Innovation: How Extreme Product Incongruity Encourages Consumers to Afﬁ rm Unrelated Consumption Schemas Theodore J. Noseworthy1 and Aparna Sundar2 1. Schulich School of Business, York University, Toronto, Canada; 2. University of Oregon, Oregon, USA Marketing/Operations Management and Information Systems Area

Spoils from the Spoiled: Strategies for Entering Stigmatized Markets Angelique Slade Shantz, Eileen Fischer, Aurora Liu, and Moren Lévesque Schulich School of Business, York University, Toronto, Canada

Operations Management and Information Systems Area

Customer Acquisition and Retention: How to Invest in Service Quality Adam Diamant, Eugene Furman, and Murat Kristal Schulich School of Business, York University, Toronto, Canada

Data Analytics using Ontologies of Management Theories Henry Kim, Ho-Nam Jackie Cheung, Marek Lasksowski, and Iryna Gel YODA Lab, Schulich School of Business, York University, Toronto, Canada

Towards an Ontology-Driven Blockchain Design for Supply Chain Provenance Henry Kim and Marek Laskowski Schulich School of Business, York University, Toronto, Canada

Benchmarking Best R&D Proposals in High Tech Firms Wade D. Cook and Ahmad Hassan Schulich School of Business, York University, Toronto, Canada

Ecological Systems Study in Regions of China Wade D. Cook, Zhepeng Li, and Wanghong Li Schulich School of Business, York University, Toronto, Canada

Inferring Contagious Social Foci in Two-mode Social Networks Zhepeng (Lionel) Li1, Yong Ge2, and Xue Bai3 1. Schulich School of Business, York University, Toronto, Canada; 2. University of Arizona, Arizona, USA; 3. University of Connecticut, Connecticut, USA RESEARCH SHOWCASE POSTERS

Organization Studies Area

Anxious Attachment and Fairness in the Workplace Chris Bell1, Camellia Bryan2, and Jonathan Crawshaw3 1. Schulich School of Business, York University, Toronto, Canada; 2. Social Psychology, York University, Toronto, Canada; 3. Aston Business School, Aston University, Birmingham, UK

Drowning in the Fishbowl: Cultural Background, Self Regulatory Focus, and Envy in the Job Search Process Chris Bell and Casey Dai Schulich School of Business, York University, Toronto, Canada

Creating “Everybody’s Hometown”: How Places Gain Special Meanings Nyla Obaid1 and Tina Dacin2 1. Schulich School of Business, York University, Toronto, Canada; 2. Smith School of Business, Queen’s University, Kingston, Canada

Switching Gears: Training Team Leaders and Members to Adapt Leadership Behaviours in Dynamic Conditions Sjir Uitdewilligen1, Ramon Rico2, and Mary J. Waller3 1. Faculty of Psychology & Neuroscience, Maastricht University, Maastricht, The Netherlands; 2. School of Business, University of Western Australia, Australia; 3. Schulich School of Business, York University, Toronto, Canada

Real Estate & Infrastructure Area

Rethinking the Role of Private Capital: Evaluating the Effectiveness of Financial Risk Transfer in Canadian Infrastructure Public Private Partnerships Sherena Hussain Schulich School of Business, York University, Toronto, Canada

The Business of Infrastructure: Business Models for Success Sherena Hussain and James McKellar Schulich School of Business, York University, Toronto, Canada

Unlocking the Value in the Nexus between Real Estate and Infrastructure: The Case of the Toronto Pan/Parapan American Athletes Village Sherena Hussain1, Jenna Russo2, and James McKellar1 1. Schulich School of Business, York University, Toronto, Canada; 2. Osgoode Hall Law School, York University, Toronto, Canada Strategic Management/Policy Area

INV-MNE Engagement: Entrepreneurial Partnering and New Venture Internationalization Anoop Madhok1 and Shameen Prashantham2 1. Schulich School of Business, York University, Toronto, Canada; 2. China-Europe International Business School, Shanghai, China

Transforming to Bullet-Fast Innovation: Institutional Reform in China’s High-Speed Train Sector Aurora Liu1, Jane Song2, and Justin Tan1 1. Schulich School of Business, York University, Toronto, Canada; 2. Central South University, Changsha, China

Performance Persistence of Business Group Afﬁ liated Firms under Varieties of State Capitalism: A Comparative Study of China and India Preet S. Aulakh1, Helen Hu2, and Lin Cui3 1. Schulich School of Business, York University, Toronto, Canada; 2. University of Melbourne, Melbourne, Australia; 3. Australian National University, Canberra, Australia

Mining on First Nations Territory: Bridging the Knowledge Gaps Wesley Cragg Schulich School of Business, York University, Toronto, Canada ENDOWED CHAIRS AND PROFESSORSHIPS

Ann Brown Chair of Organization Studies (Established in 2010) Charlene Zietsma BA (Wilfrid Laurier); MBA (Simon Fraser); PhD (University of British Columbia) Associate Professor of Organization Studies and Director of Entrepreneurial Studies

Anne & Max Tanenbaum Chair in Entrepreneurship and Family Enterprise (Established in 1999) Eileen Fischer BA & MASc (Waterloo); PhD (Queen’s) Professor of Marketing; Director, PhD Program

Bob Finlayson Chair in International Finance (Established in 2011) Kee-Hong Bae BS & MS (Korea); PhD (Ohio State) Professor of Finance

Canada Research Chair in Entrepreneurial Innovation and the Public Good (Established in 2014) Theodore J. Noseworthy MBA, MSc (University of Guelph); PhD (Ivey, Western) Associate Professor of Marketing; Scientifi c Director of the NOESIS: Innovation, Design, and Consumption Laboratory

CPA Ontario Chair in International Entrepreneurship (Established in 2011) Moren Lévesque BA & MA (Laval University); PhD (University of British Columbia) Professor of Operations Management and Information Systems

Richard E. Waugh Chair in Business History (Established in 2003; Re-named in 2016) Matthias Kipping MA (Sorbonne, France); MPA (Harvard); Dipl. (EHESS, France); DPhil (München, Germany) Professor of Policy/Strategy

CIBC Professorship in Financial Services (Established in 1994) Gordon S. Roberts BA (Oberlin College); MA & PhD (Boston College) Professor of Finance

CIT Chair in Financial Services (Established in 1998) James Darroch BA & MA & PhD (Toronto); MBA & PhD (York) Associate Professor of Policy Area Coordinator, Policy/Strategy Director, Financial Services Program

Bell Media Professorship in Media Management (Established in 2002) Douglas Barrett BA Hons (York); MSc (Syracuse); LLB (Dalhousie) Visiting Scholar in Broadcast Management Erivan K. Haub Chair in Business and Sustainability (Established in 1993) Chair pending

Export Development Canada Professorship in International Business (Established in 2011) Lorna Wright BA (Wilfrid Laurier); MA (Essex, UK); MM (Thunderbird); PhD (UWO) Associate Professor of Organization Studies and International Business; Executive Director, Centre for Global Enterprise

George R. Gardiner Professorship in Business Ethics (Established in 1992) Chair pending

Gordon Charlton Shaw Professorship in Management Science (Established in 2003) Wade D. Cook BSc (Mt. Allison); MSc (Queen’s); PhD (Dalhousie) Professor of Operations Management & Information Systems

Henry J. Knowles Chair in Organizational Strategy (Established in 2002) Christine Oliver BA (Queen’s); MBA & PhD (Toronto) Professor of Organization Studies

Hewlett-Packard Canada Chair in Corporate Social Responsibility (Established in 2003) Dirk Matten Dipl.-Kfm. (Essen, Germany), Dr.rer.pol. & Dr.habil. (Düsseldorf, Germany) Professor of Policy/Strategy; Associate Dean, Research

Inmet Chair in Global Mining Management (Established in 2013) Richard Ross BCom (Toronto), CPA Director, Global Mining Management

Jarislowsky-Dimma-Mooney Chair in Corporate Governance (Cross-appointment to Osgoode Hall Law School) (Established in 2005) Edward J. Waitzer LLB & LLM (Toronto) Professor of Policy/Strategy

Kraft Foods Canada Chair in Marketing (Established in 2004) (formerly Nabisco founded in 1985) Russell Belk BS & PhD (Minnesota) Professor of Marketing; University Distinguished Professor (York)

Newmont Mining Chair in Business Strategy (Established in 2003) Justin Tan BBA (Tianjin, China); MA (Kansas); PhD (Virginia Tech) Professor of Policy/Strategy ENDOWED CHAIRS AND PROFESSORSHIPS

Nigel Martin Chair in Finance (Established in 1996) Eliezer Z. Prisman BA (Hebrew, Israel); MSc & DSc (Technion, Israel) Professor of Finance

Ontario Research Chair in Economics & Cross Cultural Studies: Public Policy and Enterprise Competitiveness (Established in 2005) Douglas Cumming BCom Hons (McGill); MA (Queen’s); JD & PhD (Toronto); CFA Professor of Finance and Entrepreneurship

Pierre Lassonde Chair in International Business (Established in 1997) Preet Aulakh BSc & MA (Punjab, India); PhD (Texas-Austin) Professor of Policy/Strategy and International Business

Ron Binns Chair in Entrepreneurship (Established in 2010) Geoffery Kistruck BA (Western); MBA (McMaster); PhD (Western) Associate Professor of Entrepreneurial Studies

Royal Bank Professorship in Nonproﬁ t Management (Established in 1997) Brenda Gainer BA Hons (Alberta); MA (Carleton); MBA (Maine); PhD (York) Associate Professor of Marketing Director, Social Sector Management Program

Scotiabank Chair in International Finance (Established in 2013) Lilian Ng BBA (National University of Singapore); MBA (Binghamton, NY); PhD (Pennsylvania) Professor of Finance

Scotiabank Chair in International Business and Entrepreneurship (Established in 1998) Anoop Madhok BCom (Calcutta, India); MBA (Cincinnati); MA (Johns Hopkins); PhD (McGill) Professor of Strategic Management/Policy

Timothy R. Price Chair in Real Estate and Infrastructure (Established in 2016) Chair pending

Tanna H. Schulich Chair in Strategic Management (Established in 1996) Dezsö J. Horváth, CM Electrical Eng (Malmö, Sweden); MBA & PhD (Umeå, Sweden) Dean, Schulich School of Business Professor of Policy/Strategy SCHULICH RESEARCH OFFICE

Congratulations to everyone in the Schulich School of Business community for your wonderful efforts in making Schulich’s business education and research a resounding success!

Over the last 50 years Schulich has established itself fi rmly in the top tier of global business schools, at all levels. While our status as a school is now absolutely stellar, less attention has been paid to the fact that as a research institution, Schulich is at the forefront of many of the cutting edge debates globally. Today, we celebrate the formidable work of Schulich faculty, now, and over the past fi ve decades. Scholars based at Schulich have transformed the way management research today understands core issues in many areas, including Marketing, International Business, Accounting, Sustainability and Organization Theory, just to name a few. Schulich faculty members – not at least with the indispensable support from our staff – have done an absolutely fabulous job to ensure that our credibility as a school is deeply rooted in world leading research contributions.

The Schulich Research Offi ce takes pride in presenting the research accomplishments of our researchers as well as supporting them to develop key research partnerships and collaborations within the academic and non-academic communities. The Research Offi ce assists in research planning and communication, identifi es funding opportunities and supports strategies to secure funding. The Offi ce also facilitates and advises on grant applications and budgets, and liaises with the Offi ces of Research Services and the Vice President, Research and Innovation.

If you are interested in learning more about Schulich’s Research Programs, please contact: Farhana Islam, Schulich Research Offi cer ﬁ [email protected] www.research.schulich.yorku.ca

Dirk Matten Professor of Strategy and Hewlett-Packard Chair in Corporate Social Responsibility, Associate Dean Research, Schulich School of Business

WE ARE LEADING CHANGE THROUGH RESEARCH

LEADING CHANGE: THE CAMPAIGN FOR THE SCHULICH SCHOOL OF BUSINESS

The 50th Anniversary of the Schulich School of Business heralded a half century of global business leadership and the launch of the biggest and boldest campaign in the School’s history: Leading Change.

Leading Change is Schulich’s fundraising and alumni engagement campaign seeking to raise $50 million by 2021.

Leading Change will provide the resources to launch a range of new initiatives and support Schulich’s three-fold commitment to knowledge creation, knowledge dissemination and knowledge application. Through Leading Change, Schulich will usher in a new era of research that will yield timely and innovative solutions and thinking. The School will leverage campaign gifts to attract scholars of the highest calibre to new privately-funded chairs and professorships and prestigious centres of excellence. The School will deepen its research in key areas of strength while at the same time developing emerging areas of research and discovery.

The Graduate Study and Research Building, now under construction, will support collaboration, brainstorming and innovative work methods through new research laboratories, classrooms, offi ce spaces, meeting rooms, and give Schulich faculty the environment they need to continue breaking new ground in management education. Schulich’s established centres of excellence will have their new home in the Graduate Study and Research Building – a physical space where synergies are maximized, and students, faculty, alumni and stakeholders can meet to discuss research applications and real world challenges.

Schulich’s second 50 years begins right here, right now. Leading Change will lay the foundation for Schulich’s future and make the School bigger, bolder and better than ever.

Learn more at: schulichleadingchange.ca

LEADING Reception lounge

East elevation

Classroom and breakout room, looking south Contact us

Schulich School of Business Seymour Schulich Building York University 4700 Keele Street Toronto, Ontario Canada M3J 1P3 Tel.: (416) 736-2100 ext. 21089 Fax: (416) 736-5762 E-mail: [email protected] research.schulich.yorku.ca

Global Reach. Innovative Programs. Diverse Perspectives.