This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...

We examine the extent to which foreign R&D satellites of multinational firms act as a medium for the international diffusion of knowledge. Using patents from the United States Patent and Trademark Office, we compare the frequency with which headquarters patents are cited by third-party firms in...

Today’s online economy relies on exchanges of data for services. Online service providers collect personal data to earn revenue from targeted advertising. Many users of online services are concerned that their data might be used in ways contrary to their interests, interfering with their...

Learning-by-doing is a crucial process to successful IT adoption. Yet, this type of organizational learning process is necessary but not sufficient to the adoption success. Learning-about, the pre-adoption learning activity, plays an equally important role in an organization’s IT adoption. In...