Wharton doctoral candidate Alejandro Lopez-Lira used machine learning to analyze companies’ annual reports and assess the top four systematic risks that affect most firms. …Read More
Using a Company’s Own Words to Assess Its Risks
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Grow Faster by Changing Your Innovation Narrative
Managers have no shortage of advice on how to achieve organic sales growth through innovation. Prescriptions range from emulating the best practices of innovative companies like Amazon, Starbucks, and 3M to adopting popular concepts such as design thinking, lean startup principles, innovation boot camps, and co-creation with customers. …Read More
The Impact of Flexible-Pricing and Cost-Sharing Schemes on the Commercialization of New Medical Therapies
The clinical-trial data used to make approval decisions for medical therapies are collected from a relatively small patient sub-populations. Given small sample sizes, trial data may suggest that treatments are medically or economically nonviable, even though they ultimately may be, or vice versa. …Read More
Frenemies: The Influence of Competitors’ Cooperation on Technological Adoption
The development and adoption of new innovative technologies confront firms into making decisions in highly uncertain environment. Past experience and the available public information are seldom sufficient to support firms in their decision process; firms ability to experiment and produce new information is then paramount. …Read More
Can Corporate Compliance Be a Strategic Asset?
Bob Conlin, President & CEO of NAVEX Global, talked about the strategic benefits of embracing a company-wide culture of ethics.…Read More
Innovation and Product Risk: Firm Strategy and Public Welfare
Innovative new products come with hope, but also risk that they will not work as well as hoped. Thus testing and monitoring are key strategic decisions of an innovative firm in any market, and in some markets these strategic decisions will be intertwined with government regulatory policy.…Read More
Regulating Innovation with Uncertain Quality: Information, Risk, and Access in Medical Devices
This paper examines optimal regulatory testing requirements when new product quality is uncertain but market participants may learn over time. We develop a model capturing the regulator’s tradeoff between consumer risk exposure and access to innovation.…Read More
Motivational and Behavioral Factors in Entrepreneurial Decision-Making
Broadly speaking, this study is investigating how extrinsic and intrinsic motives affect entrepreneurial behavior and, in particular, innovative activity by nascent entrepreneurs. Specifically, it is interested in understanding when and how status motivation induces entrepreneurs to pursue innovative business ideas.…Read More