Publications

2022
Working Paper

Innovation on Wings: Nonstop Flights and Firm Innovation in the Global Context

By: Dany Bahar, Prithwiraj Choudhury, Do Yoon Kim and Wesley W. Koo

We study whether, when, and how better connectivity through nonstop flights leads to positive innovation outcomes for firms in the global context. Using unique data of all flights emanating from 5,015 airports around the globe from 2005 to 2015 and exploiting a... View Details

Keywords: Nonstop Flights; Collaborative Innovation and Invention; Patents; Research and Development; Air Transportation Industry

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September 1984 (Revised July 2005)
Case

Higgins v. Commissioner

By: Henry B. Reiling

Discusses the issue of whether an activity is a trade or business. The Court held that the taxpayer's very substantial stock and bond portfolio management activities were not a trade or business, whereas the taxpayer's real estate activities did constitute a trade or... View Details

Keywords: Taxation; Courts and Trials; Investment Portfolio; Property; United States

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July 2008 (Revised August 2008)
Supplement

Fidelity Investments' Charitable Gift Fund (B)

By: Robert C. Pozen

The (B) case informs students of Fidelity's decision about pursuing a business process patent for its charitable gift fund and describes subsequent litigation and lawsuits filed by other companies over business process patent issues. View Details

Keywords: Investment Funds; Patents; Lawsuits and Litigation; Business Processes

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23 Jan 2007
First Look

First Look: January 23, 2007

from Innovation and the Intellectual Property Revolution Author:Gary Pisano Periodical:Commemorating the 20th Anniversary of the publication of David Teece's article, "Profiting from Innovation" Research Policy 35, no. 8... View Details

Keywords: Martha Lagace

Profile

Folafolu Folowosele

Mesoamerica Energy, helped land owners obtain titles before the company leased property from them and gave them a fair share of the revenue generated from the wind turbines on their property. “To me, that was a strong signal on how to... View Details

2022
Working Paper

Talent Flows and the Geography of Knowledge Production: Causal Evidence from Multinational Firms

By: Dany Bahar, Prithwiraj Choudhury, Sara Signorelli and James M. Sappenfield

Leveraging a unique dataset merging patent data with all work-related migration reforms that took place in 15 countries over 26 years, we show that reforms discouraging inventor mobility decrease the patenting of MNE subsidiaries within a country, while reforms... View Details

Keywords: Migration; Technology; Policy Evaluation; Patents; Information Technology; Immigration; Policy; Collaborative Innovation and Invention; Globalization

SSRN

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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)

13 Dec 2016
First Look

December 13, 2016

Property Rights Protection, Ownership, and Innovation: Evidence from China By: Fang, Lily, Josh Lerner, and Chaopeng Wu Abstract—Using a difference-in-difference approach, we study how intellectual property... View Details

Keywords: Carmen Nobel

Web

Entrepreneurship in Life Sciences - Course Catalog

for life sciences innovation Understand macro trends driving innovation in the life sciences, including the impact of emerging bioconvergence topics at the intersection of the life sciences, data and computing Define roadmaps for life sciences R&D and products,... View Details

01 Dec 2018
News

Collaborative Cures

diagnostics, consumer, and devices, collectively raising more than $150 million in funding. To further catalyze these new science-based businesses, the program provides fellows professional development in areas such as startup strategy, design thinking, intellectual... View Details

02 May 2011
Research & Ideas

Casino Payoff: Hands-Off Management Works Best

across the United States. Host Controls The job performances of casino hosts are subject to various degrees of monitoring, even within the same MGM-Mirage organization. The enterprise comprises a number of individual properties that were... View Details

Keywords: by Dennis Fisher; Entertainment & Recreation

Web

Capitalism and the State (CATS) - Course Catalog

and Karl Polanyi’s Great Transformation). We will then examine several critical tenets of market economies – including property rights and competition – and several of the most pressing problems that are allegedly inherent in their... View Details

01 Apr 1998
News

Going For The Summit

response, last November iVillage combined several of its content properties under a new umbrella destination, iVillage.com: The Women's Network (www.ivillage.com). The site offers women access to nine "channels" on topics such as careers,... View Details

Keywords: Caroline Chauncey

April 2011
Article

Private Equity and Long-Run Investment: The Case of Innovation

By: Josh Lerner, Morten Sorensen and Per Stromberg

A long-standing controversy is whether LBOs relieve managers from short-term pressures of dispersed shareholders, or whether LBO funds themselves are driven by short-term profit motives and sacrifice long-term growth to boost short-term performance. We investigate 495... View Details

Keywords: Patents; Private Equity; Leveraged Buyouts; Investment; Innovation and Invention

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February 2006 (Revised October 2006)
Case

Veridian: Putting a Value on Values

By: Rakesh Khurana, Joel Podolny and Jaan Margus Elias

David Langstaff, the CEO of Veridian, a defense company, struggles with the decision of selling the company. Langstaff has concerned himself with inculcalating his organization with the values necessary for superior achievement over the long term. But as a fiduciary,... View Details

Keywords: Cash; Corporate Governance; Financial Markets; Law; Leadership; Patents; Values and Beliefs; Service Industry; Aerospace Industry

October 2000 (Revised October 2000)
Case

Off-Balance Sheet Leases in the Restaurant Industry

By: Amy P. Hutton, Paul M. Healy and Jacob Cohen

Amid mounting concern by credit agencies about off-balance sheet liabilities, an analyst for one of the leading credit-rating agencies has been asked to make a presentation about off-balance sheet liabilities, the strategic analysis behind leasing versus purchasing... View Details

Keywords: Fair Value Accounting; Property; Leasing; Financial Statements; Capital Structure; Credit; Financial Services Industry

December 1987 (Revised May 1991)
Case

One Leather Street

By: William J. Poorvu and Jeffrey A. Libert

Presents a problem involving rehabilitating a small office building in Boston. Describes an investment decision which is knowingly underfunded. As construction proceeds, the developer realizes that it is not up to building code and faces difficult business and ethical... View Details

Keywords: Financial Management; Ethics; Investment; Decisions; Decision Choices and Conditions; Property; Real Estate Industry; Construction Industry; Boston

2024
Working Paper

The Efficiency of Patent Litigation

By: Samuel Antill, Murat Alp Celik, Xu Tian and Toni M. Whited

How efficient is the U.S. patent litigation system? We quantify the extent to which the litigation system shapes innovation using a novel dynamic model, in which heterogeneous firms innovate and face potential patent lawsuits. We show that the impact of a litigation... View Details

Keywords: Innovation and Invention; Lawsuits and Litigation; Growth and Development; Welfare; Patents