Capturing Economic Value from Innovation Investments

Consumers who want access to renewable energy have two main options: install renewable energy generation equipment “behind” the electrical meter (e.g., solar panels on the roof) or buy energy from a utility company, which would then source energy from generation companies. The first approach has obvious diseconomies of scale. It is only available to ...Read More

Grid-scale electricity storage technologies play a vital role in balancing electricity supply and demand, particularly as renewable energy sources like wind and solar introduce greater variability into power systems. Lithium-ion batteries, accounting for 90% of U.S. electricity storage capacity, are widely regarded as essential to the clean energy transition. By storing excess electricity during periods ...Read More

Corporate reputation is a vital strategic asset for organizations. Yet, its socially constructed nature has made it challenging for scholars to agree on a precise definition or develop a reliable measurement strategy for it. Historically, scholars have relied on measures that are useful for assessing reputation earned but fail to capture its dynamic nature or ...Read More

Most of the prior research on the topic of commercializing academic science approaches the topic from the supply side (innovations from academic institutions and scientists). The needs and behavior of firms are rarely considered in this literature. We aim to do so by using a variety of data sources, both proprietary and public, to characterize ...Read More

We investigate the strategic openness of firms’ innovation portfolios, focusing on the determinants and implications of disclosure strategies for diverse innovation assets, particularly in the context of artificial intelligence (AI). While firms traditionally protect innovation through patents and secrecy, open innovation frameworks have gained prominence as firms increasingly leverage external sources of innovation. This research ...Read More

Our research aims to deepen the understanding of (i) how financial markets value product innovation across various firm types, industries, and economic conditions, and (ii) how market sentiment influences the private economic value of product innovation, its impact on firms’ and competitors’ profitability, and the resulting resource reallocation—such as capital, labor, and R&D—both within and ...Read More

rtificial intelligence (AI) has become a transformative force in fostering innovation and productivity. In our prior research (Wu et al. 2020; Wu et al. 2019), we demonstrated that AI-driven analytics can significantly enhance innovation by combining existing technologies in novel ways and refining existing technologies. With the advent of generative AI and other advanced algorithms, ...Read More

We use monthly surveys, each based on the same five primary questions, to construct the monthly Consumer Crypto Confidence Index. We also collect demographic data, political leanings, etc., on each survey subject for each monthly survey. So far, we have collected two-years’ worth of the survey data, and also the corresponding bitcoin price ...Read More

Recommendation systems have become integral to our daily lives, with apps suggesting what we might want to watch, eat, read, or invest our time and energy in. The average American consumer uses daily at least 3 apps involving some sort of recommendation system (Medium, 2021) and spend around $200 monthly on subscription systems (Yahoo Finance, ...Read More

Private equity has become an increasingly active player in technology acquisitions in recent years, yet most prior scholarship has focused on the effects of corporate acquirer ownership on performance and innovation outcomes. As a result, research provides little guidance on how firms should choose between the two acquirer types. To remedy this gap, I construct ...Read More