Luis Ballesteros, Ph.D.
- Ballesteros, L., M. Useem., T. Wry, (2017). Masters of disasters? An empirical analysis of how societies benefit from corporate disaster aid. Academy of Management Journal
- Ballesteros, L., 2016. Markets as Clubs: Explaining the Corporate Provision of Public Goods with Economic Reliance. Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2586580 (Under Second Revision)
- Ballesteros, L., 2017. Follow the Leader? The Costs of Solving Uncertainty and Ambiguity with the Wrong Cognitive Referent (Working)
- Ballesteros, L., A. Gatignon, (2017). Institutional Development and the Value of Cross-Sector Collaborations (Under First Revision)
- Ballesteros, L., & A. Kaul, (2017). Is Altruistic Philanthropy more Socially Valuable than Strategic Philanthropy? (Working)
- Ballesteros, L, & H. Kunreuther, (2017). Understanding Organizational Decision-Making under Systemic Risks (Under Review)
- Organizational decision making under risk and uncertainty
- Systemic risks and business strategy
- Non-market strategy
- Natural disasters and business giving
- PhD in Applied Economics and Management, The Wharton School, 2017
- Master in International Development, Massachusetts Institute of Technology, 2009
My research overlaps the fields of strategy and organizational theory. I am fascinated by what drives groups and organizations to make specific choices in the context of systemic risk and uncertainty–the known or unknown probability of a shock, such as a natural disaster, a terrorist attack, or a political coup, disrupting the market’s status quo–and the consequences of such decision making for firm performance and social welfare.
Deciding under systemic risk and uncertainty is in the essence of contemporary entrepreneurship and a driver of global competitiveness. According to the Federal Emergency Management Agency, over 40% of businesses do not reopen after being hit by a hurricane, earthquake or other disaster, and these shocks are associated with driving out of business more than 70% of the organizations in disaster zones in fewer than two years. What inherent systemic threats the firm faces when entering a certain country or region? What are the benefits and costs of taking action to manage such risks? My research agenda centers on the fundamental transformation that the business world is now undergoing in attention given to the growing number of systemic shocks, and how it is affecting firms’ market and non-market strategy and their relationships with their stakeholders.
Prior to joining academia, I worked with financial derivatives for two private banks and with policy instruments to finance catastrophic risk for two multilateral agencies.