Competition and cooperation are fundamental to strategy, and often closely intertwined. But how firms successfully navigate both competition and cooperation over time, particularly in dynamic industries, is not clear. Via an in-depth multiple-case study of five firms in the US residential solar...

How does the relationship between founding team composition and venture performance depend on the venture’s strategy and business environment? Using data from a novel survey of 2,067 firms, we show that while diverse founding teams tend to exhibit higher performance, this is not universally...

The analogy of ‘letting a thousand flowers bloom' leads to a perspective that institutional change should focus on making it easier to become an entrepreneur. In this paper, we develop a theoretical framework that links the attributes of institutional change and its local context with the...

Ethnic and immigration status may play a role in entrepreneurship and innovation, yet the impact of university entrepreneurship education on this relationship is under-explored. This paper examines the persistence and differences in entrepreneurship of Stanford Alumni by ethnicity and...

Entrepreneurs leading digital ventures are often advised to be adaptable. However, research on how to pursue adaptable strategies and whether such strategies improve short- or long-term digital venture outcomes is sparse. By utilizing the ability to control content presentation and to measure...

Research Summary Our study shows how institutional intermediaries established to foster the creation of new firms might hinder new firm growth instead. We show that intermediaries can reduce new firm growth rates due to institutional conflict. To analyze this idea, we examine the setting of...

Platform companies use design changes to govern their sellers. The success of a design change depends on sellers' responses, which are influenced by the local environment. Our study focuses on an important aspect of the local environment – rural versus urban. Using data from a leading...

Institutional change generates new opportunities, yet theory remains unclear on how durable, stable institutions, which are thought to constrain individuals, may also foster variation in individual behavior. We argue that institutions might enable variation in behavior by allowing, rather than...

We examine the role that changes to the institutional environment play in the formation, exit, and performance of ventures. We do so by taking advantage of two natural experiments in Japan that relates to the exit of a venture: successful IPO, and failure in bankruptcy. In our first study, we...