Both solid business ventures and those not on as firm a footing can fail because they do not manage risk properly. This study shows that start-ups with a positive NPV project can fail because of inadequate cash reserves. We apply the first-hitting time model to analyze the effect of a cash...

Many believe that information technology (IT) substitutes for human labor in work processes; others believe that a college degree might protect employees from tech-related job loss. This study finds that college education may not be sufficient to prevent the substitution, and that the...

The tenet of artificial intelligence (AI) is to use machines to replace humans in performing tasks while the conviction of intelligence augmentation (IA) is to use machines to assist and enhance humans in performing tasks. This study examines whether information technology (IT) substitutes for...