Evolving and Leading for Innovation

The private equity industry has grown significantly in the past decades, and this explosive growth has generated much interest on the impact of private equity’s footprint on the economy and the labor market. Using career history data from nearly 11 million employees at 16,137 private equity-backed firms from 2000 to 2024, I find that firms ...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

This proposal presents two innovative research projects designed to harness the transformative power of AI to enhance healthcare outcomes. In close collaboration with the Somaliland Ministry of Health and Development (MoHD), the Taiwan International Cooperation Development Fund (ICDF), and Penn researchers, we aim to tackle critical healthcare challenges in Somaliland, one of East Africa’s most ...Read More

As artificial intelligence becomes increasingly integrated into daily life, understanding how humans and machines achieve mutual understanding has become a crucial scientific challenge. Our research addresses this challenge by developing a digital web platform that studies how humans and AI systems communicate and build shared understanding in real-time. While machines can now model our preferences ...Read More

Gender disparities persist in entrepreneurship, with women facing significant challenges in founding and growing ventures (Gompers et al., 2021; Rocha and van Praag, 2020). Women represent just 20% of founders in the U.S. (Guzman and Kacperczyk, 2019) and tend to underperform relative to men (Ruef et al., 2003; Kim et al., 2006). Prior research attributes ...Read More

Companies often encourage their customers to share their progress toward personal goals, such as their fitness journey, on social media. In this research, we investigate how doing so impacts motivation. While documenting goal pursuit online may increase motivation through immediate social rewards (likes, comments), accountability, and social support, it could also have no effect of ...Read More

Thinking about a future positive experience can be enjoyable and exciting. However, we suggest that thinking too much about a future positive experience can backfire. In particular, we investigate whether people would become less excited initially when they are reminded more (vs. less often) about a future positive experience. We suggest that people can adapt ...Read More

This study explores how firms’ search strategies shape innovation outcomes in the context of emerging general-purpose technologies (GPTs), with a focus on artificial intelligence (AI). GPTs, defined by their broad applicability and undefined market needs, challenge traditional search theories by requiring firms to balance advancing technological capabilities (supply-side innovation) with identifying practical use cases (demand-side ...Read More

In our endeavor to grasp the driving forces behind cryptocurrency prices, we have developed the Consumer Cryptocurrency Confidence Index (c3i), derived from a set of questions asked monthly to consumers across the United States. Our analysis has uncovered several initial results and pointed to an extensive, exciting research program on consumer behavior that shapes the ...Read More

Algorithms play an increasingly important role in today’s digital economy. An emerging view highlighted the viability of utilizing algorithms as a governance device. With innovations in blockchain infrastructure and smart contracts algorithms, platforms can delegate formal authority to exchange partners and involve them in organizational decision-making processes. While some are optimistic that this governance innovation ...Read More