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- Faculty Publications (466)
Show Results For
- All HBS Web
(922)
- People (1)
- News (261)
- Research (584)
- Events (1)
- Multimedia (13)
- Faculty Publications (466)
- March 2013 (Revised July 2014)
- Case
Bay Partners (A)
By: Josh Lerner and Lauren Barley
In April 2010, Salil Deshpande has recently resigned from Palo Alto, California-based Bay Partners (Bay) where he had been a general partner. Although Deshpande had built a successful track record at the venture firm, he resigned with two other Bay general partners as... View Details
Keywords: Risk and Uncertainty; Risk Management; Venture Capital; Conflict Management; Partners and Partnerships; Resignation and Termination; Policy; Management Teams; Financial Services Industry; California
Lerner, Josh, and Lauren Barley. "Bay Partners (A)." Harvard Business School Case 213-102, March 2013. (Revised July 2014.)
- Article
Exclusivity, Contingent Control Rights, and the Design of Internet Portal Alliances
By: Josh Lerner and Dan Elfenbein
We explore the relationship between exclusivity and state-contingent control rights using a sample of over 100 Internet portal alliance contracts. We find that stronger exclusivity arrangements are associated with more frequent usage of contingent control rights. For... View Details
Lerner, Josh, and Dan Elfenbein. "Exclusivity, Contingent Control Rights, and the Design of Internet Portal Alliances." Journal of Law, Economics & Organization 28, no. 1 (April 2012): 45–76.
- February 2007 (Revised March 2007)
- Case
NCH Capital and Univermag Ukraina
By: Josh Lerner and John Didiuk
NCH Capital is considering whether to sell its Ukrainian company Univermag Ukraina, which it has held and built up over the past decade. View Details
Keywords: Opportunities; Private Equity; Problems and Challenges; Developing Countries and Economies; Retail Industry; Ukraine
Lerner, Josh, and John Didiuk. "NCH Capital and Univermag Ukraina." Harvard Business School Case 807-143, February 2007. (Revised March 2007.)
- Article
The Enforcement of Intellectual Property Rights: A Survey of the Empirical Literature
By: Josh Lerner and Jenny Lanjouw
Lerner, Josh, and Jenny Lanjouw. "The Enforcement of Intellectual Property Rights: A Survey of the Empirical Literature." Special Issue on The Economics and Econometrics of Innovation. Annales d'économie et de statistique, nos. 49-50 (January–June 1998): 223–246.
- November 2007
- Article
Innovation and Incentives: Evidence from Corporate R&D
By: Josh Lerner and Julie Wulf
Beginning in the late 1980s, American corporations began increasingly linking the compensation of central research personnel to the economic objectives of the corporation. This paper examines the impact of the shifting compensation of the heads of corporate research... View Details
Keywords: Innovation and Invention; Motivation and Incentives; Goals and Objectives; Research and Development; Patents; Employee Stock Ownership Plan
Lerner, Josh, and Julie Wulf. "Innovation and Incentives: Evidence from Corporate R&D." Review of Economics and Statistics 89, no. 4 (November 2007): 634–644.
- 2004
- Book
Innovation and Its Discontents: How Our Broken Patent System Is Endangering Innovation and Progress, and What To Do About It
By: Adam Jaffe and Josh Lerner
Jaffe, Adam, and Josh Lerner. Innovation and Its Discontents: How Our Broken Patent System Is Endangering Innovation and Progress, and What To Do About It. Princeton, NJ: Princeton University Press, 2004.
- Article
Does Legal Enforcement Affect Financial Transactions?: The Contractual Channel in Private Equity
By: Josh Lerner and Antoinette Schoar
Lerner, Josh, and Antoinette Schoar. "Does Legal Enforcement Affect Financial Transactions?: The Contractual Channel in Private Equity." Quarterly Journal of Economics 120, no. 1 (February 2005): 223–246. (Earlier version distributed as National Bureau of Economic Research Working Paper No. 10348.)
- October 2001
- Article
Tilting the Table? The Use of Preliminary Injunctions
By: Jean Lanjouw and Josh Lerner
Keywords: Law
Lanjouw, Jean, and Josh Lerner. "Tilting the Table? The Use of Preliminary Injunctions." Journal of Law & Economics 44, no. 2 (October 2001).
- 21 Mar 2006
- News
Commentary: Innovation and Its Discontents
- 07 Aug 2012
- First Look
First Look: August 7
experiment to measure the value of shareholder proxy access. We find that firms that would have been most vulnerable to proxy access, as measured by institutional ownership and activist institutional ownership in particular, lost value on... View Details
Keywords: Sean Silverthorne
- October 1996 (Revised March 2011)
- Background Note
Note on Valuation in Private Equity Settings, A
By: Josh Lerner and John Willinge
This note discusses several ways in which venture-backed firms can be valued, including comparables, net present value, decision-tree analysis, and the "venture capital method." View Details
Lerner, Josh, and John Willinge. "Note on Valuation in Private Equity Settings, A." Harvard Business School Background Note 297-050, October 1996. (Revised March 2011.)
- 1999
- Other Unpublished Work
Capital Formation and Investment in Venture Markets: Implications for the Advanced Technology Program
By: Paul Gompers and Josh Lerner
- February 2013
- Article
Institutions and Venture Capital
By: Josh Lerner and Joacim Tag
We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the United States and Sweden. Our literature survey underscores that the legal environment, financial market development,... View Details
Keywords: Venture Capital; Organizations; Taxation; Entrepreneurship; Financial Markets; United States; Sweden
Lerner, Josh, and Joacim Tag. "Institutions and Venture Capital." Industrial and Corporate Change 22, no. 1 (February 2013): 153–182.
- October 2012 (Revised July 2014)
- Background Note
The Role of the Government in the Early Development of American Venture Capital
By: Josh Lerner and Tom Nicholas
Whether the government or markets, or a mixture of both, can provide efficient and effective incentives for encouraging entrepreneurial activity and new venture financing is an age-old question. Public promotion efforts are controversial and in most cases they tend to... View Details
Lerner, Josh, and Tom Nicholas. "The Role of the Government in the Early Development of American Venture Capital." Harvard Business School Background Note 813-096, October 2012. (Revised July 2014.)
- September 2012 (Revised January 2013)
- Case
Martin Smith: July 2012
By: Josh Lerner and Felda Hardymon
Martin Smith, a recently hired general partner at a Brazil-based venture capital firm, must decide among three deal opportunities. Each has different strengths (management, market, and technology) but each has its own weaknesses as well. He must also consider each deal... View Details
- November 2011
- Teaching Note
Angels in British Columbia (TN)
By: Josh Lerner and Thomas Hellmann
Keywords: British Columbia
- March 2010 (Revised January 2012)
- Case
Microsoft's IP Ventures
By: Josh Lerner and Ann Leamon
Microsoft's IP Ventures program, through which Microsoft spun out promising but unused technologies into new companies, is a new approach to corporate venture capital. The program provides "IP for equity" and has proven very successful in achieving its main... View Details
Keywords: Corporate Entrepreneurship; Venture Capital; Equity; Financing and Loans; Investment; Intellectual Property; Rights; Software; Washington (state, US)
Lerner, Josh, and Ann Leamon. "Microsoft's IP Ventures." Harvard Business School Case 810-096, March 2010. (Revised January 2012.)
- September 2006
- Article
A Model of Forum Shopping, with Special Reference to Standard Setting Organizations
By: Josh Lerner and Jean Tirole
Lerner, Josh, and Jean Tirole. "A Model of Forum Shopping, with Special Reference to Standard Setting Organizations." American Economic Review 96, no. 4 (September 2006): 1091–1113. (Earlier versions distributed as National Bureau of Economic Research Working Paper No. 10664.)
- Article
The Economics of Technology Sharing: Open Source and Beyond
By: Josh Lerner and Jean Tirole
Lerner, Josh, and Jean Tirole. "The Economics of Technology Sharing: Open Source and Beyond." Journal of Economic Perspectives 19, no. 2 (Spring 2005): 99–120. (Earlier version distributed as NBER Working Paper Series No. w10956.)
- April 2004
- Article
The Illiquidity Puzzle: Theory and Evidence from Private Equity
By: Josh Lerner and Antoinette Schoar
Lerner, Josh, and Antoinette Schoar. "The Illiquidity Puzzle: Theory and Evidence from Private Equity." Journal of Financial Economics 72, no. 1 (April 2004): 3–40.