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

Closer Workers, More Productive Workers? 

Working Papers

A worker’s commuting distance to the workplace may have implications for her productivity through channels such as costly travel time and reduced knowledge spillovers, and these costs may drive observed agglomerative spatial patterns previously identi fied in the literature.Read More

Exploring the Effects of Construal-Level in Entrepreneurship Pitches

Working Papers

Entrepreneurial start-up ventures are a major contributor to innovation and job creation in the U.S.  One critical task that entrepreneurs face is finding investors who are willing to provide the funding and resources that will allow the business to survive.Read More

Capability-Seeking Foreign Investments in Software Services Offshore Outsourcing: Market Reactions and the 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

Can the State Pick Winners? Comparing Firm Outcomes from a Random Subsidy Lottery and Innovation-Targeted Subsidy Formula

Funded Research Proposal

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

Acquisitions and Divestitures in Family Firms

Funded Research Proposal

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

Coordinating and Competing in Ecosystems: How Organizational Forms Shape New Technology Investments

Published Research

We consider firms in the context of their business ecosystems and explore how differences in the ways in which firms are organized with respect to complementary activities affect their decision to invest in new technologies.Read More

Realized Rate of Innovation under Competition

Funded Research Proposal

Why do Apple and Samsung sometimes hold back advanced features when they release new products? Are they simply waiting for reasonable production cost or are they strategically spreading out their innovation? How does imperfect intellectual property protection affect these firm decisions?Read More

Cooperation and Innovation in Green Industries: International Environmental Networks in Emerging Markets

Funded Research Proposal

To what extent do environmental stakeholders cooperate with each other? Does collaboration breed innovation? Is there collaboration across environmental issue-areas? This study will (1) map the network of international collaboration in critical environmental issue-areas and (2) reveal the precise ways in which the interactions of four key stakeholders affect competition and innovation in the field.Read More

Perspectives on Firm Decision Making During Risky Technology Acquisitions

Published Research

A novel survey dataset on computed tomography (CT) machine acquisition is used to explore which theories best answer two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing in updated technology? Second, what determines the value of the acquisition? In answering these questions, two theoretical comparisons are conducted.Read More

Capacity Investment Timing by Start-ups and Established Firms in New Markets

Published Research

We analyze the competitive capacity investment timing decisions of both established firms and start-ups entering new markets which are characterized by a high degree of demand uncertainty. Firms may invest in capacity early (when the market is highly uncertain) or late (when market uncertainty has been resolved), possibly at different costs.Read More

Why Do Firms Divest?

Published Research

In this paper, I examine how lower-cost production and new market opportunities influence the divestment decisions of firms. I argue that lower-cost production and new market opportunities in foreign markets can provide a better use of existing firm resources and posit that these opportunities are likely to influence firm divestment of home-country operations.Read More