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Previous research has analyzed the imprinting effect associated with the firm’s international expansion without considering the full range of differences between home and host countries. These differences are important because, depending on the development gap, and the direction of the difference, learning opportunities and the possibility of upgrading firm’s capabilities will be vastly different. …Read More
In this paper, we explore how an industry’s watershed moments – vivid, publically salient, emotionally resonant events – can drive the emergence of a new market. Our empirical context is the New Space market, a growing number of new, private companies developing and using spaceflight-access technologies. …Read More
We study the impact of network overlap — the overlap in network connections between two users — on content sharing in directed social media platforms. We propose a hazards model that flexibly captures the impact of three different measures of network overlap (i.e., common followees, common followers and common mutual followers) on content sharing.…Read More
Omni-channel environments where customers can shop online and offline at the same retailer are increasingly ubiquitous. Furthermore, the presence of both channels has important implications for customer demand and operational issues such as product returns.…Read More
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
While there has been a growing literature on the globalization of R&D and intellectual property (IP) strategies, most of the extant studies are conducted at a specific location or a specific point in time. The three projects in this program aim to provide a holistic view of firms’ global R&D footprint.…Read More
Entrepreneurs are increasingly turning to established firms for venture capital, but research on how this affects their development is lacking. I argue that these relationships are particularly valuable to entrepreneurs in helping them drive their technological discoveries into development. …Read More
Secure messaging, or “e-visits,” between patients and providers has sharply increased in recent years, and many hope they will help improve healthcare quality, while increasing provider capacity. Using a panel data set from a large healthcare system in the United States, we find that e-visits trigger about 6% more office visits, with mixed results on phone visits and patient health.…Read More
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
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 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
Can machine learning techniques be used to predict high-impact, general technologies? We find that an ensemble of deep learning models that analyze both the text of patents as well as their bibliometric information can ex-ante identify such patents, accurately identifying 80 of the top 100 high generality patents in the hold-out sample. …Read More
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
Explanations of entrants’ survival in an emerging industry are premised on pre‐entry capabilities or technology entry choices prior to the emergence of the dominant design. We consider how these drivers interact to strengthen or nullify firms’ pre‐entry advantage, and facilitate adaptation as the industry evolves. …Read More
The emergence of biotech has resulted in a rich ecosystem of different types of actors contributing to the technological advance. Despite the enormous promise of biotech-based therapeutics, there is substantial uncertainty regarding when scientific discoveries will emerge, whether these discoveries will achieve clinical success, and how commercialized treatments will create value. …Read More
How much to spend is a key managerial decision for entrepreneurs. Arguments favoring lean startups rely on the burden of rapid growth, reduced monitoring costs or the ineffcient use of cash. Arguments favoring high “burn rates” rely on the early creation of economies of scale and complementary assets; and the motivation benefits of efficiency wages and experimentation.…Read More
This special issue links “National Systems of Innovation” with “Social Entrepreneurship” to showcase how social entrepreneurship enables the diffusion of new technologies to make a social impact and engender “creative destruction” through the value generating activities of economic actors ranging from individuals, micro-enterprises to large organizations. …Read More
This paper examines how social entrepreneurship, at both the firm and institutional levels, fosters innovation and economic development. It draws on concepts from national innovation systems (NIS), complexity, ecosystems, and social entrepreneurship research to develop a framework for forming innovation ecosystems via social entrepreneurship. …Read More
The labor market in the United States is undergoing substantial changes. Demand for traditional skills is declining. A large fraction of old manufacturing jobs were outsourced; and the new ones that have returned to the U.S. are often heavily automated with industrial robots and demand a new set of skills from the workers. …Read More
Access to credit remains central to development. In the past two decades, microfinance institutions experienced rapid expansion in developing countries. Despite this, 2 billion people around the world remain unbanked. …Read More
