Networks and Innovation: Accounting for Structural and Institutional Sources of Recombination in Brokerage Triads

Published Research

Research linking interorganizational networks to innovation has focused on spanning structural boundaries as a means of knowledge recombination. Increasingly, firms also partner across institutional boundaries (countries, industries, technologies) in their search for new knowledge.Read More

Efficient Bargaining Through a Broker

Working Papers

A partially informed broker, acting as an intermediary between a buyer and seller, can improve welfare by alleviating inefficiencies caused by asymmetric information. I provide a sufficient condition on the broker’s information to achieve an efficient outcome, in contrast to the Myerson and Satterthwaite (1983) theorem, which states that direct bilateral bargaining is generally inefficient.Read More

Technology and Barriers to Entry in the Real Estate Brokerage Industry

Working Papers

The real estate brokerage industry is important. For a majority of U.S. households, purchasing or selling a home is one of their most important financial decisions. The National Association of Realtors (NAR) estimates that almost 80% of residential real estate transactions involve a realtor. The industry has gone through several significant developments in the past decade.Read More

The First Step to Successful Innovation? Choosing the Right Partners

Wharton management professor Exequiel Hernandez searches for the optimal mix of domestic and foreign partners in a firm’s network. The answer depends on what type of innovative solution a firm is trying to produce.Read More

Knowledge Brokering and Organizational Innovation: Founder Imprinting Effects

Published Research

We empirically examine the innovation consequences of organizational knowledge brokering, the ability to effectively apply knowledge from one technical domain to innovate in another. We investigate how organizational innovation outcomes vary by founders’ initial mode of venture ideation.Read More

Home-Country Networks and Foreign Expansion

Published Research

We propose that home country network advantages shape firms’ foreign expansion. We argue that a social status advantage is transferable from one market to another as a signal of quality but that a brokerage advantage is more context-specific and difficult to transfer.Read More