T.W. Schultz (1975) proposed that returns to human capital were highest in economicenvironments where technology, price or production shocks were common and managerial skillsto adapt resource allocations to those shocks were most in need. We hypothesize that variationin returns to human capital...

By allowing agents to switch from entrepreneurship to wage work and vice versa over the life cycle, this study proposes a dynamic Jacks-of-All-Trades (JAT) model where entrepreneurs invest in highly varied skills to manage their business. We simultaneously endogenize human capital investment and...

We propose a strategy to identify the complementarity or substitutability amongtechnology bundles. Under the assumption that alternative technologies are independent,we develop a hypothetical distribution of multiple technology adoptions. Differencesbetween the observed distribution of...

We propose a strategy to identify the complementarity or substitutability amongtechnology bundles. Under the assumption that alternative technologies are independent,we develop a hypothetical distribution of multiple technology adoptions. Differencesbetween the observed distribution of...

Sometimes authorities are unable to identify rapidly the origin of a tainted product.In such cases, recalls or warnings often apply to all suppliers, even to those thathad not contributed to the contamination. Traceability enables more targetedrecalls by identifying more specically the product's...

We propose that stakeholder demand can explain firms’ corporate social responsibility (CSR) activities and empirically test our proposition using 2002-2016 panel data from multiple countries. We select the Olympic Games as our experimental context and use a difference-in-differences design. We...

This dissertation addresses three important business and policy related issues regarding financial theories and their application in different markets. Chapter one extends option-pricing theory to value alternative asset-securitization structures. By decomposing each structure into fixed income...