In this paper, we propose combining data from both surrogate and true outcomes to improve decision-making within a late-phase clinical trial.…Read More
Adaptive Clinical Trial Designs With Surrogates: When Should We Bother?
Strategies for Innovating
Collaborative Experience, Collaborative Performance and Subsequent Independent Operations: Evidence From the Global Aircraft Manufacturing Industry
This study examines the extent to which firms that are collaborating with other firms in a particular area of business subsequently change modes of governance and undertake independent activities in the same area of business. …Read More
The Corporate Parenting Effect, Revisited
This paper investigates the cor-porate parenting advantage, the extent to which corporate parents improve the performance of theirsubsidiaries. …Read More
Learning Best Practices: Can Machine Learning Improve Human Decision-Making?
The goal of our paper is to study whether machine learning can be used to infer tips that can help workers learn to make better decisions. …Read More
Understanding the Relationship between Divestitures and Innovation
Few studies have examined the impact of divestitures on the innovation performance of firms. In particular, little attention has been paid into how the divestiture of firms’ non-core businesses could influence the innovation outcomes of their core businesses. …Read More
Revisiting the Entrepreneurial Commercialization of Academic Science: Evidence From “Twin” Discoveries
We construct a sample of approximately 20,000 “twin” scientific articles, which allows us to hold constant differences in the nature of the advance and more precisely examine characteristics that predict startup commercialization.…Read More
Social Network Design for Inducing Effort
We study how to optimally structure such consumer communities when the objective is to maximize the total or average amount of effort expended. …Read More
Experimentation and Appropriability in Early-Stage Ventures: Evidence from the U.S. Software Industry
This study examines the tension between learning and appropriability in the experimentation process of early-stage ventures. I build a stylized model to argue that, when formal intellectual property is weak, the learning benefit of experimentation may be offset by its imitation risk. …Read More
Man vs. Machine: When Is Automation Inferior to Human Labor?
Studying factors that influence adoption of new products and technologies lies at the heart of marketing. In this paper, we study a manager’s decision to adopt automation for a production process.…Read More
Architectural Search and Innovation
Product innovation can result from the novel design and combination of product components as well as from changing the underlying product architecture, that is, the way components interact with each other.…Read More
Organizational Change and the Dynamics of Innovation: Formal R&D Structure and Intrafirm Inventor Networks
Prior research has argued and shown that firms with centralized R&D produce broader innovations relative to decentralized firms, but the organizational mechanisms underlying this relationship are underexplored. This gap limits our understanding of whether and how formal R&D structure can be used as a lever to influence research outcomes.…Read More
Does Crowdfunding Benefit Entrepreneurs and Venture Capital Investors?
We study how a new development in entrepreneurship—crowdfunding—interacts with more traditional financing sources, such as venture capital (VC) and bank financing. …Read More
Algorithmic Literacy in the Labor Market
Using data on employer job search, this study demonstrates that employers are seeking algorithmic literacy from workers in a particularly broad class of occupations because familiarity with algorithms in downstream “using” occupations is important for integrating AI and data science into production. …Read More
(How) Do Risky Perks Benefit Firms? The Case of Unlimited Vacation
This paper addresses the recent trend of offering unlimited vacation to employees. While potentially useful for acquiring human capital benefits, unlimited vacation is a risky perk for firms due to the possibility of abuse.…Read More
Information Hierarchy and Holdup
We will examine the cost of inventor mobility from a talent poaching perspective. It is either prohibitively costly or impossible to contract over all states of the world (Grossman and Hart, 1986; Tirole, 1999).…Read More
The Short-run Effects of GDPR on Consumer Engagement and Search
In today’s connected world, individuals are no longer mere consumers of goods, information and services, but public producers of often valuable data. In fact, personal data is becoming such a core input that The Economist called it “the world’s most valuable resource” ahead of oil.…Read More
Star Developers and Open Source Software
The idea that source code for computer software be accessible to anyone has gained increasing popularity among software developers, fueling the rapid growth of the open source software (OSS) movement. Platforms for OSS development currently host incredibly valuable projects like the Linux kernel, TensorFlow and various blockchain software projects.…Read More
An Empirical Meta-analysis of E-commerce A/B Testing Practices
In this project, we attempt to provide a rigorous, empirical study of e-commerce A/B testing strategies. We perform a meta-analysis on 2,732 A/B tests conducted by 252 ecommerce companies across seven industries over the course of three years.…Read More
Understanding the Impostor Phenomenon among Employees in Innovative Organizations
The impostor phenomenon is the individual proclivity to believe that one has fooled those around them into adopting an overly positive view of oneself. Studies have shown that at least two out of five successful people have this proclivity. …Read More
Personal Wealth and Self-Employment
We examine how wealth windfalls affect self-employment decisions using data on cash payments from claims on Texas shale drilling to people throughout the United States. Individuals who receive large wealth shocks (greater than $50,000) have 51% higher self-employment rates.…Read More