Risk Sharing Agreements for New Medical Treatments

Working Papers

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

Revisiting the Locus of Experience: A Study on Corporate Development Executives, Organizational Learning and M&A Performance

Working Papers

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

Entrepreneur’s Knowledge, Firm Survival, and the Normalized Burn Rate

Working Papers

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

The Employment Consequences of Robots: Firm-Level Evidence

Working Papers

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

Big Pushes, Little Hollywoods: Local Economic Development Effects of Film Tax Credit Lotteries

Working Papers

The extent to which local incentive policies (such as subsidies and tax credits) are effective at spurring new centers of innovation, and whether these incentives induce overall productivity growth or just a shift of production from one region to another, is the subject of this proposal.Read More

Firm Responsiveness to Location Subsidies: Regression Discontinuity Estimates from a Tax Credit Formula

Working Papers

In 2011, California Governor Jerry Brown recognized several of the state’s existing firm incentive policies aimed at catalyzing innovative activity in the state, to be ineffectual, citing poor incentive design.Read More

Unlocking Value from Startups’ Ties to Established Firms: The Role of the Entrepreneurs’ Background

Working Papers

Evidence on whether startups benefit from corporate venture capital investment is equivocal. Research suggests that the principal impediment to value creation in these relationships for startups is the complexity of the larger organization – the varying incentive structures, layers of bureaucracy and convoluted decision-making processes that limit their access to valuable resources. Read More

Blockchain and the Value of Operational Transparency

Working Papers

The project aims to explore the extent to which blockchain technology can be ported to alleviate information asymmetry issues in the context of supply chain financing. In particular, firms seeking the capital needed to efficiently run their operations are often impeded by severe information asymmetry issues. Read More

Saying Hello and Waving Goodbye: Intra-Organizational Tie Formation in The Face of Collaborator Departure

Working Papers

Indirect ties play an important role in the formation of new collaborative relationships. Yet we know little about how the mobility of such indirect ties changes the role that they play. In this paper, I explore how the organizational exit of common collaborators influences tie formation between previously unconnected workers. Read More

Frenemies: The Influence of Competitors’ Cooperation on Technological Adoption

Working Papers

The development and adoption of new innovative technologies confront firms into making decisions in highly uncertain environment. Past experience and the available public information are seldom sufficient to support firms in their decision process; firms ability to experiment and produce new information is then paramount. Read More

Pipes or Shackles? How Ties to Incumbents Shape Startup Innovation

Working Papers

Startups are increasingly turning to the incumbent firms in their industries for venture capital. However, there remain significant gaps in our understanding of how these relationships influence the way they innovate. Read More

Small Worlds in Context: How Generalizable is Interorganizational Network Structure?

Working Papers

Our field’s growing attention to interorganizational network structure frequently builds on the Watts and Strogatz (1998) small world model. Our literature has identified “small worlds” — actual networks which simultaneously obtain relatively high clustering and short path length — in many contexts. Read More