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
The Consumer Cryptoconfidence Index offers the first ongoing, consumer-centered data source specifically intended to capture sentiment related to this market exchange tool. Offering both a novel “snapshot” understanding of the typical consumer’s perception of and interaction with cryptocurrency as well as data that may be fruitfully connected to other marketplace changes, the C3i index will allow us to build our knowledge as the cryptocurrency market evolves. By developing this understanding, we hope to support decision-making among consumers, regulators, investors, and entrepreneurs, while also laying the groundwork for ongoing consumer-centered research in this domain.…Read More
Globally, 1.5 billion people live off the grid, their only access to electricity often limited to operationally-expensive fossil fuel generators. Solar power has risen as a sustainable and less expensive option, but its generation is variable during the day and non-existent at night.…Read More
We empirically show people tend to associate a higher valuation of Bitcoin with a higher Bitcoin exchange rate, and such exchange rate has significant impacts on both the supply and demand of the mining rigs.…Read More
This paper investigates the cor-porate parenting advantage, the extent to which corporate parents improve the performance of theirsubsidiaries. …Read More
Commuting is costly for employees, but is it costly for employers in terms of lost productivity? We study the causal effects of commuting distance on inventor productivity. Specifically, we estimate how inventor productivity changes when their employer relocates.…Read More
Nearly 100 University of Pennsylvania freshmen and sophomores tackled a challenge at Citi with finance, technology, and strategy themes.…Read More
I aim to contribute to corporate strategy and technology and innovation management literatures by refining the way we think about how firms’ externally accessible resources and capabilities influence those firms’ heterogeneous boundary choices and their resulting outcomes. …Read More
The study uses a semi-structured interview strategy to examine how impact fund managers and impact advisors utilize impact data in investment strategy. …Read More
Seth Berger ( W’89, WG’93), Managing Director of Sixers Innovation Lab, discusses how the accelerator supports Philadelphia entrepreneurs by providing office space, health care, food, and even housing.…Read More
The CEO and co-founder of Bionic and author of “New to Big” and “The Startup Playbook” explained his model for enterprise growth.…Read More
Does pivoting matter? How does it affect investment in innovation and firm performance? My goal is to analyze the relevance of pivoting for the development of a small firm into a mature one and to provide a better understanding of what constitutes a small firm.…Read More
In 2011, California Governor Jerry Brown recognized several of the state’s existing firm incentive policies aimed at catalyzing innovative activity in the state, to be ineffectual, citing poor incentive design.…Read More
In this project, I seek to compare how effectively family firms undertake and implement acquisitions and divestitures relative to their non-family counterparts. While family firms are less likely than non-family firms to undertake divestitures, the stock market returns earned by the family firms that undertake these deals exceed those of non-family firms.…Read More
Jack Markwalter, CEO of CIBC private wealth management in the U.S., explains why customer relationships still reign supreme even as technology is rapidly changing the industry.…Read More
Gender lens investing (GLI) is part of the broader “ethical capitalism” movement, in which social ills are mitigated through markets, finance, and corporate activity. …Read More
Mike Gerber (C’95) of FS Investments discusses how listening to the market is a critical source of innovation for firms in the finance sector.…Read More
The Mack Institute Spring Conference 2017 explored how firms can deploy externally facing strategies for innovation success.…Read More
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
Venture capitalists often choose to form syndicates (groups of VCs) which jointly invest in projects instead of one VC funding the project individually. What are the determinants of who chooses to syndicate with whom?…Read More
