Given the importance of exploration in a firm’s overall innovation program, scholars have sought to understand organizational factors that give rise to exploration-oriented innovations. We propose theory and empirical evidence that relates firms’ use of financial incentives to...

We investigate the relationship between a firm's compensation structure and the extent to which its innovation is more exploration versus exploitation oriented. Specifically, we assess two aspects of a firm's compensation design—horizontal dispersion within pay levels and vertical tournament...

This paper examines gender differences in the participation of university life science faculty in commercial science. Based on theory and field interviews, we develop hypotheses regarding how scientists’ productivity, co-authorship networks, and institutional affiliations have different...

This study advances the prior literature concerning the impact of information technology on productivity in academe in two important ways. First, it utilizes a dataset that combines information on the diffusion of two noteworthy and early innovations in IT -- BITNET and the Domain Name System...

This paper examines gender differences in the participation of university life science faculty in commercial science. In part based on interviews, we develop hypotheses regarding how scientists’ career achievements—their productivity, co-authorship networks, and institutional...

While much research has elaborated the immediate impact of strategic alliances on firm performance, this paper studies the long-term consequences of alliance-relationship history on later competition between former allies. Specifically, we conjecture that competitors that previously allied with...

This paper sheds light on the incongruent findings concerning the relationship between family involvement and firms' corporate social responsibility (CSR). While prior studies have mainly taken the perspective of families' socio-emotional wealth preservation, we approach this relationship from...

This paper examines the recent changes in the relationships between public research universities and financial markets, using the University of California as a case study. Between 2003 and 2011, UC’s outstanding bond debt to investors more than doubled. Funds raised through borrowing were...

This paper examines the changing process of strategic alliance formation in the Japanese electronics industry between 1985 and 1998. With data on 123-135 Japanese electronics/electrical machinery makers, we use a dyad panel regression methodology to address a series of hypotheses drawn largely...

We estimate the effect of new unionization on firms’ equity value over the 1961-1999 period using a newly assembled sample of National Labor Relations Board (NLRB) representation elections matched to stock market data. Event-study estimates show an average union effect on the equity value...