My research agenda is focused on exploring how institutions, such as public polices, social norms and their interactions shape entrepreneurship and organizations.
Peer Reviewed Research
Raines et al., 2024 "Cultural Norms and the Gendered Impact of Entrepreneurship Policy in Mexico" in Administrative Science Quarterly [Journal Link] [SSRN pre-print] [Slides] [Online Appendix] (with Peter Polhill, Shon Hiatt and Ryan Coles) 1st chapter of dissertation
How do formal and informal institutions interact to shape who takes part in entrepreneurship? In the first chapter of my dissertation, we examine Sistema de Apertura Rápida de Empresas (SARE), a reform in Mexico that drastically reduced the time and procedures needed to register a business. Motivated by the mixed results of prior research on entry barrier policies, we ask why such reforms often fail to benefit underrepresented groups like women. Using SARE’s staggered rollout as a quasi-experiment, we find that while the policy significantly increased entrepreneurship among men, it had no effect on women starting businesses. Instead, it led to a rise in unpaid labor among women supporting male relatives’ new ventures. Through extensive robustness checks and mechanism tests, including an experimental vignette study, we show how gender norms—such as cognitive beliefs about who is a capable entrepreneur and normative social expectations about who should be an entrepreneur—can undermine the effectiveness of these policies, widening gender gaps rather than closing them
Coverage: Henrich Greve's Blog Post, Inside SC Johnson
Presentations: INSEAD Doriot Entrepreneurship Conference, European Group for Organizational Studies, 2024 AOM Symposium on Inequality and Entrepreneurship, Global Entrepreneurship and Innovation Research Conference
Under Review
Aharon Mohliver and Grady Raines* “How Social Upheaval Shaped DEI Hiring Practices: Evidence from DEI Job Postings and Hires Following the Murder of George Floyd,” R&R Science Advances [Paper Link] *equal contribution
How do changing norms about race and gender shape organizational practices? Polarization in America has surged, profoundly affecting society—from election outcomes to protests on college campuses. Yet, many of its societal impacts remain underexplored. In this study, we examine how American firms’ hiring practices shifted after the murder of George Floyd, which brought racial equality issues to the forefront of public debate. Focusing on Diversity, Equity, and Inclusion (DEI) positions, we analyze LinkedIn profiles of employees at Fortune 500 and S&P 500 firms and observe a sharp increase in DEI-specific hiring after Floyd's murder. We further investigate the firm-level heterogeneity driving this trend by matching employee political donation data to create a firm-level ideology measure. Before Floyd's murder, liberal and conservative firms had similar levels of DEI-related hiring. However, following the event, liberal firms significantly increased DEI hiring, while conservative firms showed only minimal changes.
Presentations: London Business School, 2024 AOM Symposium on Navigating Political Polarization
Ryan Coles, Shon Hiatt, Grady Raines and Wesley Sine*. “Refugees at the Door: Initial Funding Partners and New Venture Performance in a Changing Emerging Market,” R&R Strategic Management Journal *equal contribution
How do norms about family shape which new ventures survive and grow? Entrepreneurs must navigate complex environmental shifts that significantly impact firm survival. In this paper, we investigate how different firm-level logics influence new venture survival in Jordan during changing social and economic conditions, such as a refugee influx. Our study reveals that these shifting environmental dynamics can differentially alter the performance outcomes of firms based on their internal logics that drive venture strategy. This dynamic relationship underscores how varying firm-level logics can alter the impact of environmental changes on new venture performance. These findings provide guidance to entrepreneurs to be aware of their venture's underlying values and principles and consider how they may impact business decisions and outcomes in the face of changing circumstances.
Working Papers
Grady Raines, Peter Polhill and Wesley Sine, “Neighborhood Stigma and Romani Entrepreneurship: Evidence from an Audit Study in the Czech Republic” 2024 AOM OMT best paper proceedings 2nd chapter of dissertation