Research Spotlight: David Hsu on Sidestepping the Startup Integration Trap

A person in a suit standing in a bright office environment with large windows. Startup acquisitions by established firms are becoming more common, especially in fast-moving industries like tech and healthcare. But integrating a newly-acquired startup presents challenges, and can end up quashing creativity and worsening innovation outcomes. A new study, funded in part by the Mack Institute and conducted by Mack Core TeamRead More

Inventor Commingling and Innovation in Technology Startup Mergers & Acquisitions

Published Research

David Hsu, Management, The Wharton School, Qingqing Chen, PhD Candidate in Business Economics, The Wharton School, and David Zvilichovsky, Coller School of Management, Tel Aviv University Abstract: How does inventor team “commingling” (containing inventors from the acquiring and acquired firms) in technology startup acquisitions relate to innovation outcomes? Commingling reflectsRead More

Standing by the Giants or Escaping the Battlefield: The Effect of FDI on Local Firm Creation – Evidence from China

Working Papers

What’s the effect of FDI on firms in cities receiving foreign investment? Agglomerating or crowding out? This paper tries to answer this question by studying local firm creation using Chinese Business Registration data. Read More