Private Equity, Corporate Acquirers, & Product Innovation: An Investigation of Corporate Science Acquisitions 1990-2022

Funded Research Proposal

Private equity has become an increasingly active player in technology acquisitions in recent years, yet most strategy scholarship has focused on the effects of corporate acquirer ownership on innovation outcomes, providing little guidance to managers on how to choose between the two M&A options. To remedy this gap, I examine how private equity and corporate acquirers differentially affect product innovation at acquired targets using hand-collected new product introduction announcements.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

Environment, Social, and Governance (ESG) As Driver of Innovation and Value

Wind turbines in a vast, green landscape with a partly cloudy sky, representing renewable energy and sustainable technology.

Many of the biggest topics in business today fall under the ESG (Environmental, Social, Governance) umbrella. From new SEC guidelines on carbon emissions to demands for diversity, equity and inclusion, successful firms need a strong stance on ESG to meet the demands of today and the challenges of the future. Read More

The Future of Mobility: Strategy, Technology, and Geopolitics

A night cityscape featuring light trails from moving vehicles on a highway and a curved overpass, surrounded by tall buildings.

Discussing the “once in a century” transformation of the auto industry, including electric and autonomous vehicles, data and AI, and global supply chain issuesRead More

In the Shadow of the Valley: Private Equity Firms’ Increased Prominence in High-Tech Acquisitions

Funded Research Proposal

Why and how do private equity (PE) firms engage in technology acquisitions, and how do they create and capture value in these transactions? Observational data shows initial evidence that not only are PE firms engaging in an increasing number of technology buyouts, they are also seemingly behaving in distinct ways from both corporate acquirers, as well as PE firms in industries other than high-tech.Read More

From Invention to Innovation: A Multi-Study Investigation of Firm Strategy and Outcomes in Clinical Trials

Funded Research Proposal

The translation of invention to innovation is a topic that has received significant research attention in recent times. Scholars have recognized that our understanding of the factors that shape whether and when innovative technologies arise and transform industries cannot be complete without comprehending how scientific or technological discovery evolves into commercial adoption. Read More

A Theory of the Emergence of Organizational Form: The Dynamics of Cross-border Knowledge Production by Indian Firms

Published Research

This paper uses a complex systems perspective to develop a theory of how human interaction dynamics (HID)-strategic decision processes and organizational mechanisms-for knowledge production under uncertainty give rise to a new organizational form. Our theoretical framework is derived from an inductive study of the international expansion of 14 Indian biotechnology and software firms.Read More