I quantify the impact of trade secret protection on labor outsourcing, and consequently, on aggregate productivity.…Read More
Productivity Gains From Labor Outsourcing: The Role of Trade Secrets
trade secrets
Intellectual Property Rights, Professional Business Services and Earnings Inequality
High skill labor demand is infrequent but firms cannot adjust perfectly due to several adjustment costs. Professional Business Services (PBS) sector help alleviate this problem by allowing high skill labor to move across firms, reducing idiosyncratic part of labor demand risk.…Read More
The Effects of Proprietary Information on Corporate Disclosure and Transparency: Evidence from Trade Secrets
I examine the effects of proprietary information on corporate transparency and voluntary disclosure. To do so, I develop and validate two measures of firms’ reliance on trade secrecy: one based on 10-K disclosures and one based on subsequent litigation outcomes. …Read More
Investing in Innovation and CEO Termination
I examine how investing in innovation affects CEO termination. Theory argues that firms investing in innovation will reduce their propensity to terminate their CEOs to encourage risk taking and long-term thinking.…Read More