Capturing Economic Value from Innovation Investments

Latest Research

Cash or Equity? Employees’ Compensation and the Gender of the Startup Founder

Funded Research Proposal

We extend recent studies on how gender shapes subordinate-supervisor interactions by documenting that employees may, under some conditions, negatively stereotype female supervisors in ways that make them more risk averse when choosing the form of compensation. we use employer-employee matched data from Sweden for the period 1991-2021 to assess whether an employee’s chosen compensation in ...Read More

Quality in the Generic Pharmaceutical Market

Funded Research Proposal

Asymmetric information about quality characterizes many important markets, including in healthcare, banking, real estate, and used goods. Without intervention, quality in these markets can easily deteriorate. Vertical intermediaries, such as distributors and retailers, may play a powerful role in disciplining quality when consumers are difficult to inform. I study the effects of informed intermediaries on ...Read More

Capability-Enhancing Foreign Investments, and Evolution of Corporate Scope In Software Services Offshore Outsourcing: Market Reactions and Implications for Competitive Advantage

Working Papers

How does the stock market react to competitive actions by firms and their rivals? In this study we empirically explore capability-seeking investments by firms from different strategic groups within an industry and examine their impact on rival firms in the competitive context of global software services. Read More

Differentiation in Microenterprise: A Field Experiment in Zimbabwe

Funded Research Proposal

In explaining variation in productivity in microenterprise, research has focused primarily on the adoption of effective business practices and access to capital, with little focus on strategic positioning. In archival evidence, we find that offering a differentiated product or service is strongly correlated with firm performance. Using a combined sample of nearly 10,000 microenterprises across ...Read More

Exclusivity in the Video Streaming Market

Funded Research Proposal

The main goal of this project is to enhance our understanding of the role that exclusive contracts play in shaping market structure, consumer demand, and innovation. The effect of exclusivity on consumer welfare is ambiguous. Read More

Private Equity and Productivity in US Healthcare

Funded Research Proposal

Private equity (PE) investment in US healthcare has increased dramatically in recent years. On one hand, widespread PE participation may be one avenue to stem rising costs and increase productivity, which have been elusive objects in US healthcare. Research from other sectors has shown that PE firms apply best-in-class management practices to improve productivity and ...Read More

Algorithmic Pricing and Transparency in the Gig Economy

Funded Research Proposal

Algorithms control pricing and match customers and workers in the gig economy. However, algorithms face several critiques: they lack transparency, can be biased, and can be inefficient. We empirically analyze these issues and show that algorithms lose efficiency from two sources: competition between platforms and misaligned worker incentives. We model workers’ strategic responses to variation ...Read More

Evolution of Internet Retailing and Buy vs. Make Decisions

Funded Research Proposal

We have obtained data from Digital Commerce 360 which publishes pertinent statistics on top 1000 internet retail sites. One interesting aspect of this data is detailed information regarding outsourcing/insourcing decisions including web hosting, search engine optimization services, product delivery etc. This is a pretty unique data spanning hundreds of companies and a last decade. We ...Read More

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