Innovation and Entrepreneurship

We investigate how international patent activity enables firms from emerging economies to thrive in the global marketplace. We match Chinese customs data to US patent records, and leverage the quasi-random assignment of USPTO patent examiners to identify the causal effect of a US patent grant on the subsequent export performance of Chinese firms. Successful ... 閱讀更多

We study pivots as signaling devices in a dynamic experimentation model. An entrepreneur receives funding from an investor and has private information about a project, which requires costly experimentation to succeed. The entrepreneur has a real option to pivot, i.e., to abandon the project and to start a new one. Investors learn about the project from the ... 閱讀更多

Crowdsourcing contests allow firms to seek ideas from external solvers to address their problems. This research examines solvers’ use of developmental feedback from different sources and of different constructiveness when generating ideas in contests. I theorize a source effect in solvers’ feedback use where they use seeker feedback more than peer feedback ... 閱讀更多

For fledgling ventures, part of the growth process is to develop key systems, both external (such as marketing and sales) and internal (such as accounting and human resources). To date, most researchers have assumed that these systems develop uniformly as ventures scale and complete developmental milestones. According to HKUST’s Pavel I. Zhelyazkov and ... 閱讀更多