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To Starve or to Stoke? : Understanding Whether Divestment vs. Investment Can Steer (Green) Innovation

Pless, Jacquelyn - National Bureau of Economic Research - 2023

More than 1,500 organizations and investors representing over $40 trillion in assets have committed to fossil fuel divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a critical component of transitioning to a cleaner...

Persistent link: https://www.econbiz.de/10014226139

A Theory of Visionary Disruption

Gans, Joshua - National Bureau of Economic Research - 2022

Exploitation of disruptive technologies often requires resource deployment that creates conflict if there are divergent beliefs regarding the efficacy of a new technology. This arises when a visionary agent has more optimistic beliefs about a technological opportunity. Exploration in the form of...

Persistent link: https://www.econbiz.de/10013210119

Invention Value, Inventive Capability and the Large Firm Advantage

Arora, Ashish; Cohen, Wesley M.; Lee, Honggi; … - National Bureau of Economic Research - 2022

Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...

Persistent link: https://www.econbiz.de/10013362008

Mega Firms and Recent Trends in the U.S. Innovation : Empirical Evidence from the U.S. Patent Data

Braginskij, Sergej V.; Choi, Joonkyu; Ding, Yuheng; Jo, … - National Bureau of Economic Research - 2023

We use the U.S. patent data merged with firm-level datasets to establish new facts about the role of mega firms in generating "novel patents"--innovations that introduce new combinations of technology components for the first time. While the importance of mega firms in novel patents had been...

Persistent link: https://www.econbiz.de/10014322847

Acquiring Patents in Secret : Disclosure Timing in Markets for Technology

Chondrakis, George; Serrano, Carlos J.; Ziedonis, … - National Bureau of Economic Research - 2025

Markets for technology provide a vibrant channel through which firms purchase ownership rights to patented inventions. Although such transactions enable firms to secure access to intangible assets originating beyond their borders, they also provide cues to competitors regarding the purchasing...

Persistent link: https://www.econbiz.de/10015409814

Theory-Driven Entrepreneurial Search

Chavda, Ankur; Gans, Joshua; Stern, Scott - National Bureau of Economic Research - 2024

How should theory-based entrepreneurs search for strategies to implement their ideas? The theory-based view of strategy … causal framework, which underlies the theory-based view, also has implications for entrepreneurial search: the process by … entrepreneurs update their beliefs as they conduct entrepreneurial search. We find several optimal behaviors for theory …

Persistent link: https://www.econbiz.de/10014528358

AI as Strategist

Gans, Joshua - National Bureau of Economic Research - 2025

van den Steen's formal theory of strategy. A mathematical model is developed comparing AI and human strategists across … that evolve as AI demonstrates effectiveness. These findings contribute to strategy theory while providing practical …

Persistent link: https://www.econbiz.de/10015398103

Choosing Technology : An Entrepreneurial Strategy Approach

Gans, Joshua - 2020

A central premise of research in the strategic management of innovation is that start-ups are able to leverage emerging technological trajectories as a source of competitive advantage. But, if the potential for a technology is given by the fundamental character of a given technological...

Persistent link: https://www.econbiz.de/10012481344

From Imitation to Innovation : Where Is all that Chinese R&D Going?

König, Michael D. - 2020

two strategies toward that end: imitation and innovation. The theory bears predictions about the evolution of the …

Persistent link: https://www.econbiz.de/10012481599

Evaluation and Learning in R&D Investment

Frankel, Alex; Krieger, Joshua L.; Li, Danielle; … - National Bureau of Economic Research - 2023

We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are...

Persistent link: https://www.econbiz.de/10014287391