The four finalist teams will pitch their ideas live to a panel of judges for the $10,000 grand prize in the Y-Prize Grand Finale on February 3, 2020…Read More
2019 Y-Prize Finalists Pitch Ideas to Heal Metal, Harvest Energy in Remote Locales
Yearly Archives: 2019
Risk Factors That Matter: Textual Analysis of Risk Disclosures for the Cross-Section of Returns
I exploit unsupervised machine learning and natural language processing techniques to elicit the risk factors that firms themselves identify in their annual reports. I quantify the firms’ exposure to each identified risk, design an econometric test to classify them as either systematic or idiosyncratic, and construct factor mimicking portfolios that proxy for each undiversifiable source of risk.…Read More
Internationalizing Firm Innovations: The Influence of Multimarket Overlap in Knowledge Activities
This paper explores how multimarket overlap in knowledge activities influences firm decisions to internationalize their homecountry generated innovations.…Read More
Changing The Work of Innovation: A Systems Approach
The work of innovation occurs within an organizational environment that can either help or hinder the necessary activities.…Read More
Risk Sharing Agreements for New Medical Treatments
The clinical-trial data used to make approval decisions for medical therapies are collected from a relatively small patient sub-populations. Given small sample sizes, trial data may suggest that treatments are medically or economically nonviable, even though they ultimately may be, or vice versa. …Read More
How Vigilant Companies Gain an Edge in Turbulent Times
Our work on vigilant leadership is being extended to the domain of foundations. We have collected data from 97 major foundations operating in the U.S. …Read More
On NPR’s Marketplace, Saikat Chaudhuri Comments on Xerox’s Bid to Acquire HP
Mack Institute executive Director Saikat Chaudhuri discusses the likely outcome of Xerox’s proposal to acquire its larger competitor HP.…Read More
Introducing LIVA to Measure Long-term Firm Performance
This article introduces a new measure of long‐term firm performance: long‐term investor value appropriation (LIVA). …Read More
The Impact of Behavioral and Economic Drivers on Gig Economy Workers
Gig economy firms benefit from labor flexibility by hiring independent self-scheduling workers. Such flexibility poses a great challenge in terms of planning and committing to a service capacity. Understanding the motivations that drive gig economy workers is thus of great importance.…Read More
Revisiting the Locus of Experience: A Study on Corporate Development Executives, Organizational Learning and M&A Performance
Understanding how firms learn to make better strategic decisions and achieve superior performance is a question of significant concern to managers and scholars, especially in the context of mergers and acquisitions (M&A).…Read More
Determinants of Organizational Vigilance: Leadership, Foresight, and Adaptation in Three Sectors
Why are vigilant organizations better at developing foresight than their rivals and acting faster on the insights and alerts? Four attributes were hypothesized to explain the difference between vigilant and vulnerable organizations.…Read More
‘Creating the Organizational Structures that Liberate People to Innovate’
Kaihan Krippendorff (W’94, EAS’94) discusses the value of innovating from within and describes the traits that characterize internal innovators compared to entrepreneurs.…Read More
Using Smartphones to Make Roads More, not Less, Safe
Zendrive CEO Jonathan Matus shares how smartphones can make us better drivers and how other stakeholders benefit from Zendrive’s platform.…Read More
Industry City CEO on Bringing Brooklyn into the ‘Innovation Economy’
Andrew Kimball, CEO of Industry City, discusses the efforts to revitalize a dilapidated section of post-industrial Brooklyn into a massive, innovation-powered job center.…Read More
The Next Phase of the Fintech Phenomenon
Dickson Chu, Global Head of Portfolio Management at BBVA, discusses open innovation in fintech and identifies where he thinks the most exciting fintech ecosystems are developing worldwide.…Read More
Samsung NEXT on Connectivity Within the ‘Experience Economy’
Brandon Hoffman (WG’15) discusses the role Samsung NEXT plays in transforming the customer experience that Samsung delivers.…Read More
Entrepreneur’s Knowledge, Firm Survival, and the Normalized Burn Rate
We study the association of spending per employee with startup firm survival. Our theory model posits that entrepreneur’s knowledge defines the complex decision process of combining human and non-human inputs to increase firm value. …Read More
See Sooner, Act Faster: How Vigilant Leaders Thrive in an Era of Digital Turbulence
When turbulence is the new normal, an organization’s survival depends on vigilant leadership that can anticipate threats, spot opportunities, and act quickly when the time is right. …Read More
Data Analytics Supports Decentralized Innovation
Data-analytics technology can accelerate the innovation process by enabling existing knowledge to be identified, accessed, combined, and deployed to address new problem domains.…Read More
Doctor: Virtual Reality Training Leads to Big Performance Boost for Surgeons
Dr. Justin Barad, of Osso VR, explained how doctors can use the platform to learn and practice procedures amid the health care innovation boom.…Read More