Helpful information on how to apply Bayesian methodology to investigate empirical data in the field of management.
Videos of Symposium Presentations
https://www.youtube.com/playlist?list=PLHTAJIrEstwIu5brfQfv_Dp6s2z43K8HR
PowerPoint Slides
https://github.com/Data4DM/Bayes2Business/tree/main/slide
General Alternative Readings for Starters
McCann, B. & Schwab. A. (2023). Bayesian Analysis in Strategic Management Research: Time to Update Your Priors. Strategic Management Review, Vol. 4(1): 75–106; DOI: 10.1561/111.00000053
McElreath, R. (2020). Statistical Rethinking: A Bayesian Course with Examples in R and Stan. CRC Press. [Textbook Webpage, Lecture series]
Hahn, E.D. (2014). Bayesian Methods for Management and Business: Pragmatic Solutions for Real Problems. Hoboken, NJ: Wiley. [includes management research examples using R and WINBUGS]
Kruschke, J.K. (2014). Doing Bayesian Data Analysis: A Tutorial with R and BUGS. 2nd Edition. Academic Press. [using R and WINBUGS] (http://www.indiana.edu/~kruschke/DoingBayesianDataAnalysis/) and blog (http://doingbayesiandataanalysis.blogspot.de/)
Judkowsky, E. An Intuitive Explanation of Bayes' Theorem (http://yudkowsky.net/rational/bayes)
Main General Monographs
Gelman, A., Carlin, J.B., Stern, H.S. and Rubin, D.B. (2014). Bayesian Data Analysis. Boca Raton, FL: Chapman and Hall/CRC Press.
Rossi, P.E., Allenby, G.M. and McCulloch, R. (2012). Bayesian Statistics and Marketing. John Wiley & Sons.
Gill, J. (2015). Bayesian Methods: A Social and Behavioral Sciences Approach. Boca Raton, FL: Chapman & Hall/CRC Press.
Koop, G., Poirier, D.J. and Tobias, J.L. (2007). Bayesian Econometrics Methods. Cambridge University Press.
Software Platforms for Bayesian Statistics
R (with packages by Stan, JAGS, WinBugs and others)
Stata (since Version 14)
MPlus
MatLab
SAS
SPSS
Application-Oriented Bayesian Statistics Publications
R with platforms Stan or JAGS (open software)
https://cran.r-project.org/web/packages/bayesm/vignettes/bayesm_Overview_Vignette.html
McElreath, R. (2020). Statistical Rethinking: A Bayesian Course with Examples in R and Stan. CRC Press. [Textbook Webpage, Lecture series]
Lunn, D., Jackson, C., Best, N., Thomas, A., & Spiegelhalter, D. (2012). The BUGS Book: A Practical Introduction to Bayesian Analysis. Boca Raton, FL: CRC Press.
Hoff, P.D. (2010). A First Course in Bayesian Statistical Methods. Spinger.
Lynch, S.M. (2010). Introduction to Applied Bayesian Statistics and Estimation for Social Scientists. Spinger.
Stata (commercial software; Versions 18, 17, 16, 15 and 14)
https://www.stata.com/features/overview/bayesian-analysis/
https://www.stata.com/manuals/bayes.pdf
SAS (commercial software)
Sullivan SG, Greenland S. (2013). Bayesian Regression in SAS Software. Int J Epidemiol;42(1), 308-17.
Matlab (commercial software)
Koop, G. (2003). Bayesian Econometrics. Wiley. (http://www.wiley.com/legacy/wileychi/koopbayesian/)
BUGSXLA (open-source Excel-based software)
Phil Woodward (2011). Bayesian Analysis Made Simple: An Excel GUI for WinBUGS. Chapman & Hall/CRC Biostatistics Series. (http://www.philwoodward.co.uk/bugsxla/)
Jebb, A.T and Woo, S.E. (2015). A Bayesian Primer for the Organizational Sciences: The 'Two Sources' and an Introduction to BugsXLA. Organizational Research Methods, 18(1), 92-132.
JAGS (open-source software, also as R package)
Plummer, M. JAGS: Just Another Gibbs Sampler (http://sourceforge.net/projects/mcmc-jags/)
S and BUGS (open-source software)
Lancaster, T. (2004). An Introduction to Modern Bayesian Econometrics, 2nd ed, Blackwell Publishing.
Social network software with option of Bayesian estimation (http://www.stats.ox.ac.uk/~snijders/siena/)
Other Valuable Bayesian Internet Resources
Gelman Blog (http://andrewgelman.com/)
Kruschke Website (https://sites.google.com/site/doingbayesiandataanalysis/)
Kruschke Blog (http://doingbayesiandataanalysis.blogspot.com/)
Michael Betancourt Website (https://betanalpha.github.io/)
International Society of Bayesian Analysis (http://www.bayesian.org/)
Probability and Bayesian Belief Network (http://www.eecs.qmul.ac.uk/~norman/BBNs/BBNs.htm)
General Bayesian Statistics Journal Articles
Bayarri, M. J. and Berger, J. O. (2004). The Interplay of Bayesian and Frequentist Analysis. Statistical Science, 19(1), 58-80.
Berger, J.O. (2000). Bayesian Analysis: A Look at Today and Thoughts of Tomorrow. Journal of the American Statistical Association, 95 (452), 1269-1276.
Certo, S. T., Albader, L. A., Raney, K. E., & Busenbark, J. R. (2022). A Bayesian approach to nested data analysis: A primer for strategic management research. Strategic Organization, https://doi.org/10.1177/14761270211072248.
Depaoli, S., & van de Schoot, R. (2017). Improving transparency and replication in Bayesian statistics: The WAMBS-Checklist. Psychological Methods, 22(2): 240–261.
Efron, B. (1986). Why Isn't Everyone a Bayesian? The American Statistician, 40(1), 1-5.
Hoijtink, H., & Chow, S.-M. (2017). Bayesian hypothesis testing: Editorial to the Special Issue on Bayesian data analysis. Psychological Methods, 22(2): 211–216.
Jebb, A.T and Woo, S.E. (2015). A Bayesian Primer for the Organizational Sciences: The 'Two Sources' and an Introduction to BugsXLA. Organizational Research Methods, 18(1), 92-132.
Kruschke, J. K., Aguinis, H., & Joo, H. (2012). The Time Has Come: Bayesian Methods for Data Analysis in the Organizational Sciences. Organizational Research Methods, 15(4), 722-752.
Kruschke, J. K., & Liddell, T. M. (2018). Bayesian data analysis for newcomers. Psychonomic Bulletin & Review, 25(1), 155-177.
Lindley, D. V. (1986) [Why Isn't Everyone a Bayesian?]: Comment. The American Statistician, 40(1), 6-7.
McCann, B. & Schwab. A. (2023). Bayesian Analysis in Strategic Management Research: Time to Update Your Priors. Strategic Management Review, Vol. 4(1): 75–106.
O'Connor, B.P. (2017). A first steps guide to the transition from null hypothesis significance testing to more accurate and informative Bayesian analyses. Canadian Journal of Behavioural Science, 49(3), 166-182.
van de Schoot, R., Winter, S. D., Ryan, O., Zondervan-Zwijnenburg, M., & Depaoli, S. (2017). A systematic review of Bayesian articles in psychology: The last 25 years. Psychological Methods, 22(2): 217–239.
Zyphur, M. J., & Oswald, F. L. (2013). Bayesian probability and statistics in management research: A new horizon. Journal of Management, 39(1), 5-13.
Zyphur, M. J., & Oswald, F. L. (2015). Bayesian estimation and inference: A user’s guide. Journal of Management, 41(2), 390-420.
Bayesian Structural Equation Modeling Journal Articles
Asparouhov, T., Muthén, B., & Morin, A. (2015). Bayesian Structural Equation Modeling with cross-loadings and residual covariances: Comments on Stromeyer et al. Journal of Management, 41(6), 1561-1577.
Lee, S. (2007). Structural Equation Modeling: A Bayesian Approach. New York: Wiley.
Stromeyer, W. R., Miller, J. W., Sriramachandramurthy, R., & DeMartino, R. (2015). The prowess and pitfalls of Bayesian structural equation modeling: Important considerations for management research. Journal of Management, 41(2), 491-520.
Applications of Bayesian Statistics in Management Research Studies
Anderson, R. D. and Lenz, R.T. (2001), Modeling the Impact of Organizational Change: A Bayesian Network Approach. Organizational Research Methods, 4, 112-130.
Arin, K. P., Huang, V. Z., Minniti, M., Nandialath, A. M., & Reich, O. F. (2015). Revisiting the determinants of entrepreneurship: A Bayesian approach. Journal of Management, 41(2), 607-631.
Berchicci, L., & King, A. A. (2022). Building knowledge by mapping model uncertainty in six studies of social and financial performance. Strategic Management Journal, 43(7), 1319-1346.
Block, J., Jaskiewicz, P. and Miller, D. (2010). Ownership versus Management Effects on Performance in Family and Founder Companies: A Bayesian Reconciliation. Journal of Family Business Strategy, 2(4), 232-245.
Busenbark, J. R., Bundy, J., & Chin, M. K. (2023). Director departure following political ideology (in) congruence with an incoming CEO. Strategic Management Journal, 44(7), 1698-1732.
Casciaro, T. and Lobo, M.S. (2008). When Competence Is Irrelevant: The Role of Interpersonal Affect in Task-Related Ties. Administrative Science Quarterly, 53(4), 655-684.
Chakravarty, A. and Grewal, R. (2011), The Stock Market in the Driver's Seat! Implications for R&D and Marketing. Management Science, 57( 9), 1594-1609.
Cordery, J. L., Cripps, E., Gibson, C. B., Soo, C., Kirkman, B. L., and Mathieu, J. E. (2015). The Operational Impact of Organizational Communities of Practice: A Bayesian Approach to Analyzing Organizational Change. Journal of Management, 41(2), 644-664.
Denrell, J., C. Fang. and Zhao, Z. (2012). Inferring Superior Capabilities from Sustained Superior Performance: A Bayesian Analysis. Strategic Management Journal, 34(2), 182-196.
Gordy, M.B. and Willemann, S. (2012), Constant Proportion Debt Obligations: A Postmortem Analysis of Rating Models. Management Science, 58(3), 476-492.
Guul, T.S., Villadsen, A.R. & Wulff, J.N. 2019. Does Good Performance Reduce Bad Behavior? Antecedents of Ethnic Employment Discrimination in Public Organizations. Public Administration Review, 79(5), 666-674.
Hansen, M.H., Perry, L.T. and Reese, S.S. (2004), A Bayesian Operationalization of the Resource-Based View. Strategic Management Journal, 25, 1279-1295.
Hahn, E.D. and Doh, J.P. (2006), Using Bayesian Methods in Strategy Research: An Extension of Hansen et al., Strategic Management Journal, 27, 783-798.
Jaskiewicz, P., Block, J. H., Combs, J. G., & Miller, D. (2017). The Effects of Founder and Family Ownership on Fired CEOs’ Incentives and Firm Performance. Entrepreneurship Theory and Practice, 41(1), 73-103.
Liu, X., Zhang, L., Gupta, A., Zheng, X., & Wu, C. (2022). Upper Echelons and Intra‐Organizational Learning: How Executive Narcissism Affects Knowledge Transfer Among Business Units. Strategic Management Journal, 43(11), 2351-2381.
Mackey, T. B., Barney, J. B. and Dotson, J. P. (2017). Corporate Diversification and the Value of Individual Firms: A Bayesian Approach. Strategic Management Journal, 38, 322-341.
Nystrom, P. C., Soofi, E.S., and Yasai-Ardekani M. (2010). Identifying and Analyzing Extremes: Illustrated by CEOs’ Pay and Performance. Organizational Research Methods, 13, 782-805.
Paul, U., & Biswas, A. (2017). Consumer Credit Limit Assignment Using Bayesian Decision Theory and Fuzzy Logic–a Practical Approach. Journal of Management, 4(2), 11-18.
Snihur, Y. and Wiklund, J. (2018). Searching for Innovation: Product, Process, and Business Model Innovations and Search Behavior in Established Firms. Long Range Planning, 52(3), 305-325.
Woo, S. E., Chae, M. W., Jebb, A. T., and Kim, Y. D. (2016). A Closer Look at the Personality-Turnover Relationship: Criterion Expansion, Dark Traits, and Time. Journal of Management, 42(2), 357–385.