Texas State University
McCoy College of Business.Research Insights

The research collection

Ideas for a changing world of business.

In focusFinance

How Volatility Travels Between U.S. Housing Markets and Where the Risk Builds

A forthcoming Journal of Empirical Finance paper co-authored by McCoy College Dean Sanjay Ramchander studies how price volatility spreads across U.S. housing markets and what that means for systemic risk. It applies several methods to trace the transmission.

Research featuringSanjay Ramchander

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Illustration of a map of the United States on a desk, with miniature cities connected by red and gold arrows carrying volatility waves between housing markets, and a hand sketching price charts in a notebook.
50 items

July–September 2026

Illustration of a woman viewing a sneaker ad on her phone that carries an AI-generated label, with like, share, and buy buttons below it and abstract AI imagery around her.
Marketing3 min read

What Happens When Ads Say They Were Made With AI

A new study led by a McCoy College marketing professor tests how disclosing that an ad was generated by AI affects consumer attitudes, purchase intent, and social media engagement. The abstract was not available when this summary was written, so results are not reported here.

Rick Wilson
Illustration of an executive in a wood-paneled office weighing a stock certificate secured by a padlock against a diagram of shares exchanged for a stack of cash from a bank.
Accounting3 min read

CEOs Facing Large Capital Gains Taxes Pledge More Shares as Loan Collateral

Executives sitting on big unrealized gains borrow against their stock instead of selling it, and the bigger the tax bill they would face, the more they pledge. Boards seem to know this: firms with high-tax-burden CEOs resisted antipledging rules and paid more when they adopted them.

Jon Underwood
Illustration of a hiker with eyes closed, smiling inside a glowing bubble projected by a smartwatch showing a healthy heart icon, stepping off the crumbling edge of a cliff.
Marketing4 min read

When a Health App Says You Are Safe, You May Take More Risks

AI wearables and health apps are sold on safety. A new framework explains why that reassurance can lead people to skip the doctor, push past their limits, and rely on a device to catch what it cannot see.

Sidney T. Anderson
Illustration of a teacher working with four children at a classroom table, beneath a wall of seven state-shaped maps each showing its own group of teachers.
Economics3 min read

Special Education Teacher Shortages Look Different in Every State

A seven-state study finds that special education teacher turnover follows similar trends everywhere, but certification rates and the placement of novice and uncertified teachers vary sharply by state and by district. One-size-fits-all policy will miss the schools that need help most.

Li Feng
Illustration of a shopper in a bright beauty store looking at a celebrity-fronted perfume display with a glamorous portrait, flowers, and gold-trimmed shelves.
Marketing3 min read

Celebrity Brands Lift Stores When the Star, Product, and Shelf Fit

Celebrity brands make a store more attractive when the celebrity fits the product category, fits the store, and fits the store's other brands. That attraction feeds store equity and loyalty, and the effects differ for shoppers who idolize celebrities.

Vishag Badrinarayanan, Enrique P. Becerra, Jeremy J. Sierra

April–June 2026

Illustration of a young investor scrolling a phone feed of stock tips, beside a long calendar path stretching toward distant mountains and a rising sun.
Finance4 min read

Social Media Reliance Tilts Investors Toward Short-Term Goals at Every Age

Investors who lean on social media for financial information report stronger short-term motives and weaker long-term ones, in every age group. Overconfidence deepens the drift away from long-term thinking, and the pattern holds across two survey waves.

Augustine Tarkom, Ken Moon, Vance Lesseig
Illustration of two hands exchanging an envelope over city plans, with new residential towers rising on one side of a river and an aging factory district on the other.
Real Estate3 min read

Local Corruption Pushes Money Into Housing and Out of Other Sectors

Using a new city-level corruption dataset for China, the authors show that more corrupt cities invest more in residential housing and less elsewhere. Over-investment appears only once corruption passes a threshold, and attractive cities can escape the effect.

Yao-Yu Chih

January–March 2026

Illustration of an outgoing executive handing a leadership binder to an incoming executive in front of a boardroom table, with a city skyline, factory, and storefronts through the windows.
Leadership2 min read

How a CEO Change Affects Firm Performance Depends on the Industry

Three McCoy College faculty are studying whether a change of CEO helps or hurts firm results, and whether the answer depends on the industry, the incoming CEO, and the top management team. The findings are not yet published.

Peiqin Zhang, Francis A. Mendez, David C. Wierschem
Illustration of a young trader staring at a laptop showing a volatile options chart, with lottery-style call and put tickets, dice, and a calendar marked with expiration dates on the desk.
Finance3 min read

Where People Gamble, They Also Bet on Stock Options

Retail interest in stock options runs higher in states with a strong gambling culture, and it tilts toward long-shot contracts. The same states show more short-term borrowing and more missed payments.

Matthew James Flynn, Yifan Liu, Ivilina T. Popova
Illustration of a hotel lobby where a staff member kneels to strap a guest's suitcase with a broken wheel onto a luggage cart, while a coworker steadies the cart and the guest and a manager look on, smiling.
Leadership3 min read

Want Employees Who Care About Helping? Design the Job So They Practice It

In a factory, a hotel chain, and a construction services firm, employees who helped coworkers and felt connected to them reported a stronger drive to help others. An ethical climate and room to act set that in motion.

Steven W. Rayburn, Sidney T. Anderson, Jeremy J. Sierra
Illustration of a basketball player leaping to touch a vertical jump measuring device in a gym, watched by teammates and a coach with a tablet, with a calendar of the seasons on the wall.
Strategy3 min read

A Weekly Model Predicts Jump Readiness Across a Basketball Season

Practice workload, lifting volume, stress, and the prior week's jump explained 71 percent of the weekly change in maximum vertical jump for Division 1 women's basketball players. Jump height drifted down as the season went on, a cue to cut load.

Rasim M. Musal
Illustration of an employee holding two versions of a sustainability report, one formal and one warm and hand-drawn, in an office full of plants and coworkers.
Accounting2 min read

How Formal Should a Company Sound When It Reports ESG Results to Employees

A forthcoming Contemporary Accounting Research paper by a McCoy College accounting professor and two co-authors asks whether the formality of a firm's language, when it reports environmental, social, and governance outcomes to its own employees, changes how employees relate to the firm.

Kyle Mao

One research-backed idea, every Thursday

Short summaries of new faculty work, with what it means for managers.