Essay 1- Effects of Feedback Delay on Learning. Learning figures prominently in many theories of organizations. Understanding barriers to learning is therefore central to understanding firms' performance. This essay investigates the role of time delays between taking an action and observing the...

To better understand large mergers and acquisitions (M&A) as major intercorporate strategic maneuvers, I study a key concern from the chief executive perspective at each stage of combining two firms. For the inception stage, I explore CEO merger motives; for the implementation stage, I examine...

Large pharmaceutical companies (Multinational Pharmaceutical Companies or MPCs) have struggled in recent years with the rapidly accelerating costs of drug-discovery research and development. These costs continue to rise while resulting in fewer drug leads. Several industries have realized...

The thesis comprises three essays on various aspects of the development and diffusion of pharmaceutical innovations, woven together by the idea that the production of clinical knowl- edge influences organizational design, pricing, and advertising decisions in the pharmaceutical industry - that...

I examine how information technology (IT) skills and use, communication network structures, and the distribution and flow of information in organizations impact individual information worker productivity. The work is divided into three essays based on the task level practices of information...

This dissertation focuses on three of the most important questions in entrepreneurship study, namely venture financing, corporate strategy and firm performance. The main thrust of the dissertation is to elaborate the mechanisms through which institutional and social factors impact...

In this thesis, I explore various aspects of market liquidity and analyze its effect on asset prices. First, in a model of a limit order market I explain how to define liquidity and derive a price impact function. Second, I show how agents who have price impact generate a liquidity component in...

Hedge funds provide an opportunity for investing with few government regulations and high potential returns. Since 1980 this has lead to the dramatic, 25% annual increase in the number of hedge funds, and with nearly $700 billion managed by hedge funds in 2003. However, high risks associated...

In August 2005, Patagonia announced its Common Threads Garment Recycling Program. The company is reclaiming used Capilene long underwear from consumers and using them as an input for new Capilene garments. According to company assessments, making clothes from post-consumer fabrics is more energy...

Donor grants and soft loans have been utilized by many microfinance institutions (MFIs) to support their operations. However, such grants and loans, already of limited size and availability, are becoming harder to access as the pool of global MFIs grows. Another option for MFIs is tapping...