-
作者：Adbi, Arzi; Lee, Matthew; Singh, Jasjit
作者单位：National University of Singapore; Harvard University; INSEAD Business School
摘要：Research Summary: The microfinance group lending approach has achieved widespread success in promoting high rates of repayment, and thus the viability of financial access, in very low-income environments. Yet group lending, which relies on social connections between borrowers to reinforce repayment, may be vulnerable under crisis conditions in which defaults are commonplace. We explore this possibility in the context of the liquidity crisis that followed India's 2016 demonetization policy. Usi...
-
作者：Gill, Michael J.; Gill, David J.
作者单位：University of Oxford; University of Nottingham; University of Oxford
摘要：Research SummaryLittle is known about how governments secure discrete resources from global corporations over which they have limited direct control. Utilizing declassified archival sources, we examine how the UK government influenced Moody's and Standard & Poor's to provide the highest possible credit ratings in 1978, despite the UK receiving an International Monetary Fund bailout 2 years earlier. We develop a process model to explain how democratic government officials employ distinctive pro...
-
作者：Ross, David Gaddis; Shin, Dong Hyun
作者单位：State University System of Florida; University of Florida; City University of Hong Kong; State University System of Florida; University of Florida
摘要：Research Summary: Extant research offers conflicting views about the size and nature of gender-related disparities in venture financing and venture performance. We theorize that gender-related frictions in debt financing, the most common source of capital for new ventures, materially impair the performance of women-led ventures but that these frictions decline with financial development. We find strong support for these predictions in a meta-analysis of 63 primary studies in which we use finan...
-
作者：Lee, Hyeonsuh; Shah, Sonali K.; Agarwal, Rajshree
作者单位：West Virginia University; University of Illinois System; University of Illinois Urbana-Champaign; University System of Maryland; University of Maryland College Park
摘要：Research SummaryWe inductively examine how the careers of employee entrepreneurs unfold, uncovering the role of motives and attribution for failure. Founders expressing organizational misalignment motives for leaving established organizations engaged in venture crafting whereby they actively sought to build well-functioning organizations. They built successful initial ventures and careers. Founders lacking organizational misalignment motives generally founded initial ventures that failed: howe...
-
作者：Li, Xu
作者单位：University of London; London School Economics & Political Science
摘要：Research SummaryHow should firms respond to technological discontinuities in order to achieve greater performance? In contrast to most studies that advocate a timely transition from the old to the new technology, this paper posits that in markets where a discontinuous technology exposes customers' latent preference heterogeneity for certain old technology attributes, firms may ultimately experience a performance surge by adhering to the old technology during technological change. Explicitly, I...
-
作者：Black, Ines; Hasan, Sharique; Koning, Rembrand
作者单位：Duke University; Harvard University; Duke University
摘要：Research Summary: We analyze firm-driven labor market search, where firms hunt for talent rather than rely on workers to apply for vacancies. We leverage three approaches. We develop a model of firm-driven search and derive equilibrium conditions under which firms use this channel. We test our model's predictions using two data sources. Data from a nationally representative survey of 10,000 workers shows that the percentage hired through recruiting has increased from 4.9% in 1991 to 14.3% in 2...
-
作者：Santamaria, Simone; Abolfathi, Niloofar; Mahmood, Ishtiaq Pasha
作者单位：National University of Singapore; Singapore Management University
摘要：Research Summary: We compare the efficacy of two broad approaches to entrepreneurship training: a training prioritizing demand-side activities versus a training prioritizing resource-side activities. We do so by running a field experiment inside a 6-month entrepreneurship program involving 236 early-stage entrepreneurs. Inspired by our training, the first group invested more time interacting with potential customers and developing a deep understanding of customer needs and problems. The other ...
