Scope versus Speed: Team Diversity, Leader Experience, and Patenting Outcomes for Firms

Published Research

How does the organization of patenting activity affect a firm’s patenting outcomes? We investigate how the composition of patenting teams relates to both the scope of their patent applications and the speed with which their patents are approved. Read More

Capability-Enhancing Foreign Investments and Evolution of Corporate Scope in Software Services: Market Reactions and Implications for Competitive Advantage

Working Papers

How does the stock market react to competitive actions by firms and their rivals? In this study we empirically explore capability-seeking investments by firms from different strategic groups within an industry and examine their impact on rival firms in the competitive context of global software services.Read More

The Demand for One-to-One Customization on the Internet: Evidence from the Retail PC Hardware Industry

Working Papers

We study the demand for one-to-one customization in the computer hardware industry. Using household browsing, transaction, and demographic data from the comScore database, we uncover evidence that geographically isolated households that are technologically savvy are more likely to buy and customize computer hardware online. Read More

Breakthrough Recognition: Competing for Attention

Working Papers

We introduce to the literature on the recognition and spread of ideas the perspective that articles compete for the attention of researchers who might build upon them, in addition to the “bias against novelty” view documented in prior research. We investigate these effects by analyzing more than 5.3 million research publications from 1970 to 1999 in the life sciences. Read More

Impact of Bilateral Rating Systems on Ride-Sharing Platforms

Working Papers

Bilateral rating systems impact pricing and capacity in two-sided markets. The bilateral rating mechanisms will enable customers to maintain and care for shared services, through reputational mechanisms, increasing social welfare. Read More

The Dynamics of Resource Competition: Implications for Firm and Industry Components of Returns

Working Papers

How do ex ante similar firms develop heterogeneous resource positions that lead to persistent performance differences, even among direct competitors? The model in this paper shows that resource competition drives amplification of small differences in resource positions into large performance differences.Read More

Welfare Effects of Physician-Industry Interactions: Evidence from Patent Expiration

Working Papers

Many transactions occur via expert advisors, especially in the healthcare sector, and as such, firms frequently implement strategies to influence these advisors. The efficiency of these interactions is an empirical question. Read More

Two Sides of the Same Coin: Family Firms and the Performance of Acquisitions and Divestitures

Working Papers

In this project, I seek to compare how effectively family firms undertake and implement acquisitions and divestitures relative to their non-family counterparts. While family firms are less likely than non-family firms to undertake divestitures, the stock market returns earned by the family firms that undertake these deals exceed those of non-family firms.Read More

Closer Workers, More Productive Workers? 

Working Papers

A worker’s commuting distance to the workplace may have implications for her productivity through channels such as costly travel time and reduced knowledge spillovers, and these costs may drive observed agglomerative spatial patterns previously identi fied in the literature.Read More

Networks and Innovation: Accounting for Structural and Institutional Sources of Recombination in Brokerage Triads

Published Research

RResearch linking interorganizational networks to innovation has focused on spanning structural boundaries as a means of knowledge recombination. Increasingly, firms also partner across institutional boundaries (countries, industries, technologies) in their search for new knowledge.Read More

Advertising Content and Consumer Engagement on Social Media: Evidence from Facebook

Published Research

We describe the effect of social media advertising content on customer engagement using data from Facebook. We content-code 106,316 Facebook messages across 782 companies, using a combination of Amazon Mechanical Turk and Natural Language Processing algorithms.Read More

Crowdfunding as a Font of Entrepreneurship: Outcomes of Reward-Based Crowdfunding

Published Research

Crowdfunding allows founders of for-profit, artistic, and cultural ventures to fund their efforts by drawing on relatively small contributions from a relatively large number of individuals using the internet, without standard financial intermediaries. Crowdfunding has been drawing substantial attention from policy makers, managers, and entrepreneurs, but relatively little notice from academics.Read More

Inequality Aversion When the Reward is Scarce: The Case of Salary vs. Equity Compensation

Working Papers

Do workers have different equality preferences depending on the type of payoff? In many firms, the distribution of equity compensation is more equal than the distribution of salary. We design an experimental group production game to examine how workers respond to combinations of different distributions of equity and salary.Read More

Steer a Steady Course or Change Direction: Incumbent Strategies and Firm Value during Periods of Industry Change

Working Papers

The study considers the nascent period of industry change when the prevalent business model is being threatened by a new model, but there is significant uncertainty with respect to whether and when the new model will dominate. We focus on the challenge of incumbents pursuing both models simultaneously, and the implications on their firms’ valuations.Read More

Do Consumers Value Price Transparency?

Published Research

We examine the role of price transparency in consumer preferences and demand. We assemble a detailed dataset on the driving school industry in Portugal to quantify how firms present the price of the course of instruction, and its individual components, to potential students.Read More

Standard vs. Partnership-Embedded Licensing: Attention and the Relationship Between Licensing and Product Innovations

Published Research

This paper examines the relationship between the licensing of knowledge and the creation of product innovations. We consider that firms organize licensing activities in different ways and that licensees are heterogeneous with respect to the attention available to apply and transform in-licensed knowledge to create new product innovations. Read More

Commercializing University Technology

Funded Research Proposal

University-based research is an important generator of fundamental scientific knowledge in society, and may also be the basis for valuable commercial activity. We aim to update and extend our knowledge of the processes of translating academic discoveries and inventions by studying the administrative data from Penn Center for Innovation (PCI). Read More

The Economics of Patient-Centered Care

Working Papers

The Patient-Centered Medical Home (PCMH) is a widely-implemented model for improving primary care, emphasizing care coordination, information technology, and process improvements. However, its treatment as an undifferentiated intervention obscures meaningful variation in implementation. Read More

Cascading Effects of Corporate Taxation in the Firm Network: Bonus Depreciation and Dividend Tax Cut Cases

Funded Research Proposal

Under the Trump administration, corporate tax policies have been recently attracting more and more attention. While there are papers studying direct effects of corporate tax, there is no research on indirect effects of corporate tax through the firm network. Read More