Olin Award: Research That Transforms Business
Established in 2007, the Olin Award recognizes the important impact that scholarly research by Olin Business School faculty can make on business results.
Each year, faculty submit papers for consideration, and the papers are judged by a group of national business executives and educators. Richard Mahoney, Olin distinguished executive in residence and former chairman and CEO of Monsanto, initiated the award to promote scholarly research that has timely practical applications for complex management problems.
Winner(s) receive a $10,000 honorarium.
2015 winners (tie) Anne Marie Knott
, professor of strategy, authored the paper “Explaining the Broken Link Between R&D and GDP Growth
” (PDF). Professor Knott’s study documents the disconnect between R&D and GDP growth, then uses a novel measure, RQ (Research Quotient), to show that it coincides with a 65 percent decline in firms’ R&D productivity. The study reveals that there is a key culprit in RQ decline. Since that culprit is easily reversed, it’s likely R&D can again drive firm and economic growth. Andrew Knight
, assistant professor of organizational behavior, co-authored “Who Defers to Whom and Why? Dual Pathways Linking Demographic Differences and Dyadic Deference to Team Effectiveness
” (PDF) with Aparna Joshi, The Pennsylvania State University. The research explains what drives interpersonal influence in teams and connects patterns of influence to team performance. The findings suggest a number of practical steps that leaders can take to increase the productivity of multidisciplinary teams.
, assistant professor of marketing, co-authored "Pricing and Persuasive Advertising in a Differentiated Market
" (PDF) with Kannan Srinivasan
, professor of international business, Carnegie Mellon Tepper School of Business. The researchers examine how competitive firms’ pricing and persuasive advertising strategies as well as profits are affected by changes in consumer preferences, unit production costs, and advertising efficiencies
Tat Y. Chan
, associate professor of marketing; Chunhua Wu
, PhD marketing (expected ’12); and Ying Xie, associate professor of marketing, co-authored the 2012 winning Olin Award paper: “Measuring the Lifetime Value of Customers Acquired from Google Search Advertising
.” (PDF) The researchers developed a method to measure the value of Google pay-per-click advertising taking into account both online purchase and the potential for “cross-channel sales spillover” when online customers purchase goods or services off-line.
Judi McLean Parks
, Reuben C. and Anne Carpenter Taylor Professor of Organizational Behavior, co-authored "Give and Take: Incentive Framing in Compensation Contracts"
(PDF) with James W. Hesford, assistant professor of accounting, Cornell University. The research examines the relationship between different forms of compensation (performance-contingent and salary) and fraudulent behavior.
2008 winners Jackson Nickerson
and Todd Zenger
, Robert and Barbara Frick Professor of Business Strategy, co-authored “Envy, Comparison Costs and the Economic Theory of the Firm