Entrepreneurial Management
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- 2024
- Working Paper
Immigrant Entrepreneurship: New Estimates and a Research Agenda
By: Saheel Chodavadia, Sari Pekkala Kerr, William R. Kerr and Louis MaidenImmigrants contribute disproportionately to entrepreneurship in many countries, accounting for a quarter of new employer businesses in the US. We review recent research on the measurement of immigrant entrepreneurship, the traits of immigrant founders, their economic impact, and policy levers. We provide updated statistics on the share of US entrepreneurs who are immigrants. We utilize the Annual Business Survey to quantify the greater rates of patenting and innovation in immigrant-founded firms. This higher propensity towards innovation is only partly explained by differences in education levels and fields of study. We conclude with avenues for future research.
- 2024
- Working Paper
Immigrant Entrepreneurship: New Estimates and a Research Agenda
By: Saheel Chodavadia, Sari Pekkala Kerr, William R. Kerr and Louis MaidenImmigrants contribute disproportionately to entrepreneurship in many countries, accounting for a quarter of new employer businesses in the US. We review recent research on the measurement of immigrant entrepreneurship, the traits of immigrant founders, their economic impact, and policy levers. We provide updated statistics on the share of US...
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- May 2024
- Article
Selfish Corporations
By: Emanuele Colonnelli, Niels Gormsen and Timothy McQuadeWe study how perceptions of corporate responsibility influence policy preferences and the effectiveness of corporate communication when agents have imperfect memory recall. Using a new large-scale survey of U.S. citizens on their support for corporate bailouts, we first establish that the public demands corporations to behave better within society, a sentiment we label “big business discontent.” Using random variation in the order of survey sections and in the exposure to animated videos, we then show that priming respondents to think about corporate responsibility lowers the support for bailouts. This finding suggests that big business discontent influences policy preferences. Furthermore, we find that messages which paint a positive picture of corporate responsibility can “backfire,” as doing so brings attention to an aspect on which the public has negative views. In contrast, reframing corporate bailouts in terms of economic trade-offs increases support for the policy. We develop a memory-based model of decision-making and communication to rationalize these findings.
- May 2024
- Article
Selfish Corporations
By: Emanuele Colonnelli, Niels Gormsen and Timothy McQuadeWe study how perceptions of corporate responsibility influence policy preferences and the effectiveness of corporate communication when agents have imperfect memory recall. Using a new large-scale survey of U.S. citizens on their support for corporate bailouts, we first establish that the public demands corporations to behave better within...
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- 2024
- Working Paper
Dusting Off the Old Ones: Drug Licensing to Startups, Innovation Success and Efficiency
By: Mosab Hammoudeh, Joshua Lev Krieger and Jiajie XuThis paper investigates whether moving R&D from incumbents to startups can increase innovation. Using comprehensive drug development data, we examine the outcomes of drug projects licensed from large firms to startups. We find that these projects licensed to startups are more likely to be developed and approved relative to comparable projects originated by larger firms but never licensed, or licensed between large firms. To explore the mechanisms behind that out-licensing success, we analyze employee movements. We find that employees moving along with a project is a key driver of the superior performance. Finally, we use large pharma company layoff events as shocks to the out-licensing propensity. We show that the marginal out-licensed projects enjoy similar improved performance—suggesting that excess valuable licensing opportunities are “stuck on the shelf.” Our findings underscore the importance of entrepreneurial firms in complementing large firms and improving their efficiency.
- 2024
- Working Paper
Dusting Off the Old Ones: Drug Licensing to Startups, Innovation Success and Efficiency
By: Mosab Hammoudeh, Joshua Lev Krieger and Jiajie XuThis paper investigates whether moving R&D from incumbents to startups can increase innovation. Using comprehensive drug development data, we examine the outcomes of drug projects licensed from large firms to startups. We find that these projects licensed to startups are more likely to be developed and approved relative to comparable projects...
About the Unit
The Entrepreneurial Management Unit strives to raise the level of academic work in the field of entrepreneurship, in methodological rigor, conceptual depth, and managerial applicability. We also strive to improve the odds of entrepreneurial success for our students and for practitioners worldwide.
Because it is such a complex phenomenon, entrepreneurship must be studied through multiple lenses. We use three.
- The process of entrepreneurship - We seek to understand the processes of entrepreneurial activity in start-ups and established firms by examining the antecedents and consequences of various forms of entrepreneurial opportunity identification and opportunity pursuit for individuals, organizations, and industries. We see experimentation and innovation in products, services, processes, and business models as central to entrepreneurial activity.
- The finance of entrepreneurship - We seek to understand the financing of entrepreneurial ventures by studying the antecedents and consequences of entrepreneurial funding decisions both domestically and internationally.
- The context of entrepreneurship - We seek to understand the ways in which entrepreneurs both respond to and shape the context in which they operate, by examining the history of entrepreneurship across time and national borders and by analyzing the legal and cultural contexts for managerial action.
Please also visit the Arthur Rock Center for Entrepreneurship.
Recent Publications
AllSpice: GitHub for Hardware Engineers
- May 2024 |
- Teaching Plan |
- Faculty Research
Immigrant Entrepreneurship: New Estimates and a Research Agenda
- 2024 |
- Working Paper |
- Faculty Research
Selfish Corporations
- May 2024 |
- Article |
- Review of Economic Studies
Dusting Off the Old Ones: Drug Licensing to Startups, Innovation Success and Efficiency
- 2024 |
- Working Paper |
- Faculty Research
Managing AI Risks in Consumer Banking
- April 2024 |
- Case |
- Faculty Research
Spotify Lyrics: Free or Paid?
- April 2024 |
- Case |
- Faculty Research
The Israeli Innovation Authority: Decision-making in a Time of Uncertainty
- April 2024 |
- Case |
- Faculty Research
Loyalty Programs May Limit Competition, and They Could Be Pushing Prices up for Everyone
- April 8, 2024 |
- Article |
- The Conversation
Harvard Business Publishing
Seminars & Conferences
There are no upcoming events.