Though the literature on venture capital (VC) industry is extensive, how entrepreneurs perceive their VC investors remains an under-researched topic. The dominant principal-agent model provides a crude picture based on rational assumptions. As such, we are still lack of accurate understanding of...

Building on the search-based view of innovation, we develop a framework regarding how Google guides innovative search behavior. We exploit an exogenous shock, China’s unexpected blockade of Google in 2014, and adopt a difference-in-differences approach with a matched sample of patents from...

Using field data from a large U.S. technology transfer organization with over $50 million in annual revenue, we investigate four related issues regarding the sharing of licensing revenues by academic teams. First, we find that the main empirical regularity is a heuristic-based allocation of...

In this article I review some of the common errors I have made as a reviewer and suggest ways to avoid them.The progress of science depends on reviewers as much as it depends upon researchers developing new science. Reviewers provide impartial, anonymous, and expert advice to researchers, and...

Oversight and involvement are essential for a venture capital firm to influence the destiny of the portfolio company. This paper focuses primarily on the venture capital firm's decision to take a formal responsibility through joining the board. Our study uses a large sample of private British...