Innovation & Entrepreneurship Why Inventors Become Entrepreneurs Daniel Spulber Inventors who want to bring their discoveries to market often choose to do so themselves rather than transferring their technology to established firms. But inventors’ tacit knowledge may explain their decision.
Architectures of Collaboration Hirable Like Me Lauren Rivera Lauren Rivera finds that interviewers at elite banking, consulting, and law firms do not always seek out candidates with the best skills—hard or soft. Instead, interviewers often think, "Would I want to be stuck in an airport in a snowstorm with them?"
All Gain from Guaranteed Access to Key Goods and Services Xavier Calsamiglia, Teresa Garcia-Milà and Therese McGuire
Managerial Economics & Strategy Who Wants to Be First Mate On a Sinking Ship? Jennifer Brown and David A. Matsa For the first time, the “sinking ship” effect, in which floundering firms fail to attract necessary human capital, is empirically investigated. Jennifer Brown and David Matsa scour data from a large job-search website to find that, as a firm’s financial health decreases, so do the number and quality of its job applicants.
Public-Private Interface Being Smarter with CSR Nicola Persico An increasing number of companies are embracing corporate social responsibility, but many are struggling with how to ensure CSR serves their business strategy. Kellogg faculty offer compelling insight that can help companies understand the strategic implications of CSR efforts.
Accounting Managing Managers’ Reputations Anne Beyer and Ronald A. Dye A new model outlines the link between managers’ reputations and how they disclose earnings forecasts and other voluntary disclosures. The model establishes that some managers will exploit their strong reputations for being forthcoming by not disclosing information that reduces their firm’s stock price, while other managers may attempt to improve their reputation for being forthcoming by disclosing unfavorable information whose release could reduce their firms’ current market values.