Theories of entrepreneurship have proposed that universities play an important role in fostering entrepreneurial rates. While extant research has mainly focused on universities' structural and institutional influences on entrepreneurship, relatively less attention has been devoted to...

We propose that extra-organizational factors such as exposure to sunshine are an important driver of innovators' performance. Prior research highlights the critical role non-pecuniary factors play in influencing inventors' productivity, yet most of these studies focus on organizational and job...

We cast entrepreneurship as one of three career choices – remaining with one's employer, changing employers, or engaging in entrepreneurship – and theorize how the likelihood of entrepreneurship evolves over one's career. We empirically demonstrate an inverted U-shaped relationship between...

Using data on the entire population of businesses registered in the states of California and Massachusetts between 1995 and 2011, we decompose the well-established gender gap in entrepreneurship. We show that female-led ventures are 63 percentage points less likely than male-led ventures to...

The authors examine the relationship between entrepreneurship and occupational licensure using data on the universe of more than 700,000 tax preparers in the United States. Prior research suggested that occupational licensure has negative effects on entrepreneurship because it increases the...

We investigate the impact of trade secrets protection on firm value in the context of the market for corporate control. We propose that a stronger protection of trade secrets, by limiting outflows of trade-secret-related information to both competitors and potential buyers, might have two...

We examine whether companies respond to the threat of knowledge spillovers by strategically increasing their engagement in corporate social responsibility (CSR). To obtain exogenous variation in the threat of knowledge spillovers, we exploit a natural experiment provided by the rejection of the...

We develop and test a theory of how organizations learn from performance feedback in the context of strategic decisions, where delayed outcomes result in performance feedback that is incomplete. In this context, firms facing a focal decision observe performance feedback for only a subset of...

We investigate the impact of trade secret legal protection on firm value in the context of acquisitions. On one hand, market value may increase because trade secret assets become better protected from rivals. On the other hand, market value may decrease because trade secret protection reduces...

Using employer-employee matched data from Sweden between 2001 and 2008, we test hypotheses designed to assess the contingent nature of the relationship between wage inequality and cross-firm mobility. We propose that the effect of wage inequality depends on whether wage comparisons serve a...