Research Interests: global strategy, organizational decision-making under uncertainty, organizational responses to systemic risks, strategic csr, non-market strategy, firm-performance implications of corporate philanthropy, social-welfare implications of business strategy, business provision of collective goods
Address: 3112 SH-DH, 3620 Locust Walk, Philadelphia, PA 19104
Office: (215) 746-7954
Office Fax: (215) 898-0401
[Visit my personal website for information on and requests of the Economic Affiliation to National Markets (by Corporation) and Concentration (by Industry and National Market) databases]
The cornerstone of my research interests is strategy and particularly the understanding of performance differences across national markets. In my dissertation, I explore the drivers and consequences of non-routine or infrequent organizational decision-making by focusing on strategic philanthropy in the aftermath of natural disasters.
My dissertation documents three lines of research regarding multinational enterprises' engagement in disaster giving:
- How the strength of a firm's economic connection with a national market affects its decision to help such market in the context of disasters;
- How cognitive capabilities help some firms understand socially-constructed expectations among consumers and peers and accrue first-mover or follower advantages associated with the timing of the donation, and;
- How firms' dynamic capabilities in disaster response help countries recover faster and greater than through aid from foreign national and multilateral agencies.
My interest on this theme centers on the argument that non-routine decision-making is more frequently associated with high-stakes outcomes that disrupt market equilibrium and affect the allocation of rents than routine operation. Likewise, the implications of organizational choices on society at large are exacerbated.
My professional endeavors prior to Wharton--at JP Morgan, the United Nations Development Program, and the World Bank--inspired and fueled this interest and my understanding of business responses to systemic risk.
Witold Henisz (Chair)
Uri Simonsohn (OPIM)
Drivers and Consequences of Organizational Decision-making under Uncertainty:
Evidence from Global Corporate Disaster Giving
Luis Ballesteros (Work In Progress), An Adaptation of the Herfindahl-Hirschman index (HHI) to Study Market Concentration at the National and International Levels.
Luis Ballesteros (Work In Progress), Innovation and Systemic Risk: Can Exposure to Large Shocks Affect Risk Taking?.
Luis Ballesteros (Work In Progress), Using a Polynomial Expansion of Subsidiaries, Sales, and Employees as a Measure of Firm-Market Economic Linkages.
Luis Ballesteros, Michael Useem, "How They Did It (Private Giving, Insurance Payouts for Recovery, Execution and Expectations". In Leadership Dispatches: Chile's Extraordinary Comeback from Disaster, edited by Michael Useem, Howard Kunreuther, (2015), 47 - 165.
Ballesteros, Luis, “Financing Catastrophe Relief and Recovery in Developing Countries. Are Global Financial Markets the Answer? The Case of Haiti,” The World Bank, 2010. Description
Awards And Honors
- Penn Lauder CIBER Grant, 2013
In The News
- Corporate First Responders, Strategy+Business - 03/21/2016
Information on my teaching experience can be found here.