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
This paper investigates whether firms donate to political campaigns in order to influence supply in local housing markets. Using new data on campaign donors of U.S. mayoral candidates and a regression discontinuity design, I uncover three findings. Consistent with political favors, connection to the mayor causes residential development firms to sell more new housing units.…Read More
Market thickness is a key parameter that can make or break a platform’s business model. Thicker markets can offer more opportunities for participants to meet and higher chances that a potential match would exist. …Read More
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
This paper explores how multimarket overlap in knowledge activities influences firm decisions to internationalize their homecountry generated innovations.…Read More
The work of innovation occurs within an organizational environment that can either help or hinder the necessary activities.…Read More
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
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
This article introduces a new measure of long‐term firm performance: long‐term investor value appropriation (LIVA). …Read More
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
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
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
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
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 technology can accelerate the innovation process by enabling existing knowledge to be identified, accessed, combined, and deployed to address new problem domains.…Read More
Past research on idea evaluation has focused on how individuals evaluate the creativity of finalized ideas. But idea evaluation is also important early in the creative process, when individuals must forecast the potential creativity of rough initial ideas as they decide which to develop.…Read More
As a new general-purpose technology, robots have the potential to radically transform industries and affect employment. Preliminary empirical studies using industry and geographic region-level data have shown that robots differ from prior general-purpose technologies and predict substantial negative effects on employment.…Read More
Entrepreneurs leading digital ventures are often advised to be adaptable. However, research on how to pursue adaptable strategies and whether such strategies improve short- or long-term digital venture outcomes is sparse.…Read More
What is the impact of financing on innovation, and how do entrepreneurs strategically access credit? Innovative ventures need advance financing, but they face unique obstacles to credit access. …Read More
This research project seeks to explore how differences within the members of a multi-party alliance (MPA) – specifically differences in power – impact innovative outcomes of the alliance using a unique dataset of over 345,000 pages of project documents covering approximately 3000 MPAs.…Read More
