Mastering Innovation in Financial Services: How Fintech is Changing the Game for Wells Fargo

Ryan Miller discusses innovation in financial services

The financial services industry is increasingly seeing new technologies arise, from mobile banking to Bitcoin and blockchain technology. On the debut episode of Mastering Innovation, we asked Ryan Miller to share how Wells Fargo fosters a culture of innovation to keep up with these changes.Read More

Organizational Decision-Making and Information: Angel Investments by Venture Capital Partners

Working Papers

We study information aggregation in organizational decision-making for the financing of entrepreneurial ventures. We introduce a formal model of voting where agents face costly tacit information to improve their decision quality.Read More

Can crowdfunding crowd out venture capital investment?

Working Papers

In recent years, crowdfunding has emerged as a viable new platform for raising funds for new products and ideas. In this project, we ask: How does this new form of entrepreneurial financing interact with the more traditional financing sources, such as venture capital and bank financing?Read More

Do Local Production Subsidies Spur New Innovation Hubs?

Funded Research Proposal

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

Corporate Venture Capital and the Returns to Acquiring Portfolio Companies

Published Research

A prominent motive for corporate venture capital (CVC) is the identification of entrepreneurial-firm acquisition opportunities. Consistent with this view, we find that one of every five startups purchased by 61 top corporate investors from 1987 through 2003 is a venture portfolio company of its acquirer.Read More