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
Surviving disruption from digital acceleration requires continuous innovation. Download our white paper to learn how.…Read More
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
Firms commonly use disaggregated accounting information to facilitate efficient contracting over intangible assets. However, reliance on accounting measures creates information asymmetries and thus a role for contract audits.…Read More
Scholars have long recognized that individuals compare their rewards to those received by similar others and that satisfaction is determined, in part, by perceptions of (un)fairness that arise from these comparisons. Extensive research has also found that individuals frequently select others as pay referents who share the same race and the same gender, suggesting that demographic similarity strongly affects equity perceptions. …Read More
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
In this project, I want to study the financial intermediary’s impact on firm’s innovation. More specific, I want to study whether a firm can innovate more if its shares are heavily held by connected mutual funds. Here I define a mutual fund as connected if the mutual fund managers went to the same school as the top officers of the firm.…Read More
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
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
. In this paper we bring together these disparate explanations and explore their joint effect on firm survival to create a more complete picture of industry evolution.…Read More
We propose a conceptual framework for examining the value‐creation potential embedded into novel, digitally powered resource configurations. We suggest that business digitization calls for firms to adopt a system‐based, value‐creation‐centric perspective for designing and organizing their resource configurations. …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
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
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 past decade has witnessed an explosion in research at the intersection of markets and social movements, with an increasing acknowledgment of social movements as key drivers of change in organizations and markets. Social movements create new products and markets, change practices in existing organizations, and can have profound impacts on the commercialization of innovation. …Read More
Does higher internet speed drive entrepreneurship and innovation? If there is an effect, is it driven by an increase in the overall number of entrepreneurs, or in the probability of their success? …Read More
This proposal is to fund a first study as part of a longer-term initiative to better understand the threat of disruption from technological innovation. Disruption as a term has come to be used so frequently that it has lost specific meaning. In the larger project, I aim to bring precision to the term and focus on two specific questions. …Read More
In recent years, digital innovations have fundamentally changed how many services and resources are put together and deployed. These include marketplaces like Uber and Airbnb that help match decentralized supply with demand. …Read More
