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Gustavo Manso

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Johannes Hoelzemann & Gustavo Manso & Abhishek Nagaraj & Matteo Tranchero, 2024. "The Streetlight Effect in Data-Driven Exploration," NBER Working Papers 32401, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lutz Bornmann & Russell J. Funk, 2025. "Popper’s probability calculus and the decline of scientific disruptiveness," Scientometrics, Springer;Akadémiai Kiadó, vol. 130(8), pages 4801-4807, August.
    2. Yoshida, Valter T. & Schiozer, Rafael & de Genaro, Alan & dos Santos, Toni R.E., 2025. "A novel credit model risk measure: Do more data lead to lower model risk?," The Quarterly Review of Economics and Finance, Elsevier, vol. 100(C).
    3. Xiaoning Wang & Lynn Wu, 2026. "Artificial Intelligence, Lean Startup Method, and Product Innovations," Management Science, INFORMS, vol. 72(1), pages 756-782, January.

  2. Aubry, Mathieu & Kräussl, Roman & Manso, Gustavo & Spaenjers, Christophe, 2019. "Machine learning, human experts, and the valuation of real assets," CFS Working Paper Series 635, Center for Financial Studies (CFS).

    Cited by:

    1. Wayne Xinwei Wan & Thies Lindenthal, 2023. "Testing machine learning systems in real estate," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(3), pages 754-778, May.
    2. Alexander Arimond & Damian Borth & Andreas Hoepner & Michael Klawunn & Stefan Weisheit, 2020. "Neural Networks and Value at Risk," Papers 2005.01686, arXiv.org, revised May 2020.
    3. Lily Shen & Stephen L. Ross, 2019. "Information Value of Property Description: A Machine Learning Approach," Working papers 2019-20, University of Connecticut, Department of Economics, revised Sep 2020.
    4. Shen, Lily & Ross, Stephen, 2021. "Information value of property description: A Machine learning approach," Journal of Urban Economics, Elsevier, vol. 121(C).
    5. Chambers, David & , & Spaenjers, Christophe, 2020. "Art as an Asset: Evidence from Keynes the Collector," CEPR Discussion Papers 14357, Centre for Economic Policy Research.
    6. Alexander Arimond & Damian S. Borth & Sergio Garcia-Vega & Maretno Harjoto & Andreas G. F. Hoepner & Michael Klawunn & Stefan Weisheit, 2026. "Neural Networks and Value at Risk in Asset Management," Review of Quantitative Finance and Accounting, Springer, vol. 67(1), pages 277-316, July.
    7. Lei Wu & Yu Zhang & Yongchang Wei & Fangyu Chen, 2022. "A BP Neural Network‐Based GIS‐Data‐Driven Automated Valuation Framework for Benchmark Land Price," Complexity, John Wiley & Sons, vol. 2022(1).
    8. Barth, Andreas & Laturnus, Valerie & Mansouri, Sasan & Wagner, Alexander, 2021. "ICO analysts," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242429, Verein für Socialpolitik / German Economic Association.
    9. Guan‐Yuan Wang, 2023. "The effect of environment on housing prices: Evidence from the Google Street View," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(2), pages 288-311, March.
    10. Wan, Wayne Xinwei & Lindenthal, Thies, 2022. "Towards accountability in machine learning applications: A system-testing approach," ZEW Discussion Papers 22-001, ZEW - Leibniz Centre for European Economic Research.

  3. Aubry, Mathieu & Kräussl, Roman & Manso, Gustavo & Spaenjers, Christophe, 2019. "Machines and Masterpieces: Predicting Prices in the Art Auction Market," HEC Research Papers Series 1332, HEC Paris.

    Cited by:

    1. Tomasz Kopczewski & Justyna Laskowska-Lisicka & Jan Lisicki & Kostiantyn Okhrimenko & Tomasz Potocki, 2026. "Two Blind Walls: A Transferable Pedagogical Design for Art-Market Literacy Across Art and Economics Education," Working Papers 2026-16, Faculty of Economic Sciences, University of Warsaw.
    2. Ewelina Plachimowicz & Piotr Wójcik, 2022. "What makes Punks worthy? Valuation of Non-Fungible Tokens based on the CryptoPunks collection using the hedonic pricing method," Working Papers 2022-27, Faculty of Economic Sciences, University of Warsaw.

  4. Pierre Azoulay & Joshua S. Graff Zivin & Gustavo Manso, 2012. "NIH Peer Review: Challenges and Avenues for Reform," NBER Working Papers 18116, National Bureau of Economic Research, Inc.

    Cited by:

    1. Johan Bollen & David Crandall & Damion Junk & Ying Ding & Katy Börner, 2017. "An efficient system to fund science: from proposal review to peer-to-peer distributions," Scientometrics, Springer;Akadémiai Kiadó, vol. 110(1), pages 521-528, January.
    2. Chiara Franzoni & Paula Stephan & Reinhilde Veugelers, 2021. "Funding Risky Research," NBER Working Papers 28905, National Bureau of Economic Research, Inc.
    3. Park, Hyunwoo & Lee, Jeongsik (Jay) & Kim, Byung-Cheol, 2015. "Project selection in NIH: A natural experiment from ARRA," Research Policy, Elsevier, vol. 44(6), pages 1145-1159.

  5. Gustavo Manso, 2011. "Feedback Effects of Credit Ratings," 2011 Meeting Papers 1338, Society for Economic Dynamics.

    Cited by:

    1. Jeon, Doh-Shin & Lovo, Stefano, 2013. "Credit Rating Industry: a Helicopter Tour of Stylized Facts and Recent Theories," TSE Working Papers 13-376, Toulouse School of Economics (TSE).
    2. Mariano, Beatriz, 2012. "Market power and reputational concerns in the ratings industry," Journal of Banking & Finance, Elsevier, vol. 36(6), pages 1616-1626.
    3. Zhiguo He & Konstantin Milbradt, 2012. "Endogenous Liquidity and Defaultable Bonds," NBER Working Papers 18408, National Bureau of Economic Research, Inc.
    4. Steinar Holden & Gisle James Natvik & Adrien Vigier, 2012. "An equilibrium model of credit rating agencies," Working Paper 2012/23, Norges Bank.
    5. Opp, Christian C. & Opp, Marcus M. & Harris, Milton, 2013. "Rating agencies in the face of regulation," Journal of Financial Economics, Elsevier, vol. 108(1), pages 46-61.

  6. Darrell DUFFIE & Semyon MALAMUD & Gustavo MANSO, 2010. "Information Percolation in Segmented Markets," Swiss Finance Institute Research Paper Series 10-09, Swiss Finance Institute.

    Cited by:

    1. Xu, Hedong & Tian, Cunzhi & Ye, Wenxing & Fan, Suohai, 2018. "Effects of investors’ power correlations in the power-based game on networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 506(C), pages 424-432.
    2. Giuseppe Attanasi & Samuele Centorrino & Elena Manzoni, 2020. "Zero-Intelligence vs. Human Agents: An Experimental Analysis of the Efficiency of Double Auctions and Over-the-Counter Markets of Varying Sizes," GREDEG Working Papers 2020-10, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. Gábor Pintér & Semih Üslü, 2025. "Price Formation in Markets with Trading Delays," Management Science, INFORMS, vol. 71(7), pages 6131-6154, July.
    4. Taneli Mäkinen & Francesco Palazzo, 2017. "The double bind of asymmetric information in over-the-counter markets," Temi di discussione (Economic working papers) 1128, Bank of Italy, Economic Research and International Relations Area.
    5. Colliard, Jean-Edouard & Foucault, Thierry & Hoffmann, Peter, 2021. "Inventory management, dealers’ connections, and prices in OTC markets," Working Paper Series 2529, European Central Bank.
    6. Duffie, Darrell & Qiao, Lei & Sun, Yeneng, 2018. "Dynamic directed random matching," Journal of Economic Theory, Elsevier, vol. 174(C), pages 124-183.
    7. Zhang, Shengxing, 2018. "Liquidity misallocation in an over-the-counter market," LSE Research Online Documents on Economics 86800, London School of Economics and Political Science, LSE Library.
    8. Itai Arieli & Moran Koren & Rann Smorodinsky, 2019. "The Implications of Pricing on Social Learning," Papers 1905.03452, arXiv.org.
    9. Marco Di Maggio & Marco Pagano, 2018. "Financial Disclosure and Market Transparency with Costly Information Processing [Bargaining with incomplete information]," Review of Finance, European Finance Association, vol. 22(1), pages 117-153.
    10. Francesco Palazzo, 2016. "Search costs and the severity of adverse selection," Temi di discussione (Economic working papers) 1073, Bank of Italy, Economic Research and International Relations Area.
    11. Xu, Hedong & Tian, Cunzhi & Xiao, Xinrong & Fan, Suohai, 2018. "Evolutionary investors’ power-based game on networks," Applied Mathematics and Computation, Elsevier, vol. 330(C), pages 125-133.
    12. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2015. "Reprint of: Information percolation in segmented markets," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 838-869.
    13. Uslu, Semih, 2015. "Pricing and Liquidity in Decentralized Asset Markets," MPRA Paper 73901, University Library of Munich, Germany, revised 21 Sep 2016.
    14. Choi, Michael, 2018. "Imperfect information transmission and adverse selection in asset markets," Journal of Economic Theory, Elsevier, vol. 176(C), pages 619-649.
    15. Hanson, Samuel G. & Sunderam, Adi, 2013. "Are there too many safe securities? Securitization and the incentives for information production," Journal of Financial Economics, Elsevier, vol. 108(3), pages 565-584.
    16. Brunetti, Celso & Harris, Jeffrey H. & Mankad, Shawn, 2023. "Networks, interconnectedness, and interbank information asymmetry," Journal of Financial Stability, Elsevier, vol. 67(C).
    17. Zurita, Carlos A., 2022. "Is The Gravity Model a Power Law?: Evidence from Colombia," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322368, Agricultural and Applied Economics Association.
    18. Cujean, Julien, 2020. "Idea sharing and the performance of mutual funds," Journal of Financial Economics, Elsevier, vol. 135(1), pages 88-119.
    19. Halim, Edward & Riyanto, Yohanes E. & Roy, Nilanjan & Wang, Yan, 2022. "The Bright Side of Dark Markets: Experiments," MPRA Paper 111803, University Library of Munich, Germany.
    20. Darrell Duffie & Semyon Malamud & Gustavo Manso, 2011. "Information Percolation in Segmented Markets," NBER Working Papers 17295, National Bureau of Economic Research, Inc.
    21. Levy, Gilat & Razin, Ronny, 2018. "Information diffusion in networks with the Bayesian Peer Influence heuristic," Games and Economic Behavior, Elsevier, vol. 109(C), pages 262-270.
    22. Levy, Gilat & Razin, Ronny, 2018. "Information diffusion in networks with the Bayesian Peer Influence heuristic," LSE Research Online Documents on Economics 86554, London School of Economics and Political Science, LSE Library.
    23. Attanasi, Giuseppe & Centorrino, Samuele & Moscati, Ivan, 2016. "Over-the-counter markets vs. double auctions: A comparative experimental study," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 63(C), pages 22-35.
    24. Chague, Fernando & De-Losso, Rodrigo & De Genaro, Alan & Giovannetti, Bruno, 2017. "Well-connected short-sellers pay lower loan fees: A market-wide analysis," Journal of Financial Economics, Elsevier, vol. 123(3), pages 646-670.
    25. Pavan, Alessandro & Vives, Xavier, 2015. "Information, Coordination, and Market Frictions: An Introduction," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 407-426.
    26. Matan Harel & Elchanan Mossel & Philipp Strack & Omer Tamuz, 2014. "Rational Groupthink," Papers 1412.7172, arXiv.org, revised Jun 2020.
    27. Du, Songzi & Zhu, Haoxiang, 2017. "Bilateral trading in divisible double auctions," Journal of Economic Theory, Elsevier, vol. 167(C), pages 285-311.
    28. Mark Paddrik & Carlos Ramirez, 2025. "Treasury Tri-party Repo Pricing," Working Papers 25-07, Office of Financial Research, US Department of the Treasury.
    29. Rosenthal, Dale W.R. & Thomas, Nordia Diana Marie, 2012. "Transact taxes in a price maker/taker market," MPRA Paper 40556, University Library of Munich, Germany.
    30. Robert Shimer & Ivan Werning, 2019. "Efficiency and information transmission in bilateral trading," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 33, pages 154-176, July.
    31. Semyon Malamud & Marzena Rostek, 2012. "Decentralized Exchange," Working Papers 12-18, NET Institute.
    32. Giuseppe Attanasi & Samuele Centorrino & Elena Manzoni, 2021. "Zero‐intelligence versus human agents: An experimental analysis of the efficiency of Double Auctions and Over‐the‐Counter markets of varying sizes," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(5), pages 895-932, October.
    33. Keppo, Jussi & Satopää, Ville A., 2024. "Bayesian herd detection for dynamic data," International Journal of Forecasting, Elsevier, vol. 40(1), pages 285-301.
    34. Weill, Pierre-Olivier, 2020. "The search theory of OTC markets," CEPR Discussion Papers 14847, Centre for Economic Policy Research.
    35. Jean‐Edouard Colliard & Thierry Foucault & Peter Hoffmann, 2021. "Inventory Management, Dealers' Connections, and Prices in Over‐the‐Counter Markets," Journal of Finance, American Finance Association, vol. 76(5), pages 2199-2247, October.
    36. Fuess, Roland & Ruf, Daniel, 2015. "Pre-Trade Transparency and Return Co-movements in Commercial Real Estate Markets," Working Papers on Finance 1520, University of St. Gallen, School of Finance, revised Jan 2017.
    37. Arieli, Itai & Koren, Moran & Smorodinsky, Rann, 2022. "The implications of pricing on social learning," Theoretical Economics, Econometric Society, vol. 17(4), November.
    38. Christoph Aymanns & Co-Pierre Georg & Benjamin Golub, 2017. "Illiquidity spirals in Coupled Over-The-Counter Markets," Working Papers on Finance 1810, University of St. Gallen, School of Finance.
    39. Andrea Barbon & Marco Di Maggio & Francesco Franzoni & Augustin Landier, 2017. "Brokers and Order Flow Leakage: Evidence from Fire Sales," NBER Working Papers 24089, National Bureau of Economic Research, Inc.
    40. Andrei, Daniel & Cujean, Julien, 2017. "Information percolation, momentum and reversal," Journal of Financial Economics, Elsevier, vol. 123(3), pages 617-645.
    41. Bulusu, Narayan, 2024. "Disentangling the supply and announcement effects of open market operations," Journal of Financial Markets, Elsevier, vol. 67(C).
    42. Farhi, Emmanuel & Tirole, Jean, 2012. "Liquid Bundles," IDEI Working Papers 736, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2013.
    43. Marco Di Maggio & Francesco Franzoni & Amir Kermani & Carlo Sommavilla, 2017. "The Relevance of Broker Networks for Information Diffusion in the Stock Market," NBER Working Papers 23522, National Bureau of Economic Research, Inc.
    44. Hu, May & Park, Jason & Chen, Jane & Verhoevenc, Peter, 2022. "Cross-market informed trading in the CDS and option markets," Global Finance Journal, Elsevier, vol. 54(C).
    45. Elena Asparouhova & Peter Bossaerts & Wenhao Yang, 2024. "Costly Information Acquisition in Decentralized Markets: Experimental Evidence," Management Science, INFORMS, vol. 70(12), pages 8833-8852, December.
    46. Zaremba, Adam & Cakici, Nusret & Bianchi, Robert J. & Long, Huaigang, 2023. "Interest rate changes and the cross-section of global equity returns," Journal of Economic Dynamics and Control, Elsevier, vol. 147(C).

  7. Ferreira, Daniel & Manso, Gustavo & Silva, Andre C., 2010. "Incentives to Innovate and the Decision to Go Public or Private," CEPR Discussion Papers 7750, Centre for Economic Policy Research.

    Cited by:

    1. Huang, Hua & Tao, Yunqing & Wang, Xueping & Feng, Chen & Ye, Yongwei, 2023. "Do board reforms in parent firms boost subsidiaries’ innovation?," Economic Modelling, Elsevier, vol. 125(C).
    2. William R. Kerr & Ramana Nanda, 2014. "Financing Innovation," NBER Working Papers 20676, National Bureau of Economic Research, Inc.
    3. Kumar, Amit & Operti, Elisa, 2025. "Recessions, institutions, and regional exploration," Research Policy, Elsevier, vol. 54(3).
    4. Xiangchao Hao & Qingbin Meng & Kaijuan Gao & Kam C. Chan, 2020. "The impact of initial public offerings on innovations: Short‐termism or initial governance force exit?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(6), pages 924-942, September.
    5. Zhang, Shengling & Wu, Zihao & He, Yinan & Hao, Yu, 2022. "How does the green credit policy affect the technological innovation of enterprises? Evidence from China," Energy Economics, Elsevier, vol. 113(C).
    6. Wei-Fong Pan, 2019. "Geopolitical Risk and R&D investment," Economics Discussion Papers em-dp2019-11, Department of Economics, University of Reading.
    7. Ljungqvist, Alexander & Persson, Lars & TÃ¥g, Joacim, 2016. "Private Equity?s Unintended Dark Side: On the Economic Consequences of Excessive Delistings," CEPR Discussion Papers 11075, Centre for Economic Policy Research.
    8. Filippo Belloc & Eleonora laurenza & Maria Alessandra Rossi, 2015. "Corporate Governance Effects on Innovation when both Agency Costs and Asset Specificity Matter," Department of Economics University of Siena 718, Department of Economics, University of Siena.
    9. James Driver & Adam Kolasinski & Jared Stanfield, 2020. "R&D or R vs. D? Firm Innovation Strategy and Equity Ownership," Working Papers 20-14, Center for Economic Studies, U.S. Census Bureau.
    10. Matthew Crail Johnson, 2015. "The Effect of Initial Public Offerings on Firm Innovation," Working Papers 22, Birkbeck Centre for Innovation Management Research, revised Feb 2015.
    11. Guo, Bing & Pérez-Castrillo, David & Toldrà-Simats, Anna, 2019. "Firms’ innovation strategy under the shadow of analyst coverage," Journal of Financial Economics, Elsevier, vol. 131(2), pages 456-483.
    12. Shai Bernstein & Timothy Mcquade & Richard R. Townsend, 2021. "Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession," Journal of Finance, American Finance Association, vol. 76(1), pages 57-111, February.
    13. Boyu Li & Lishan Li & Tianlei Pi, 2022. "Is the R&D Expenditure of Listed Companies Green? Evidence from China’s A-Share Market," IJERPH, MDPI, vol. 19(19), pages 1-16, September.
    14. Viral V. Acharya & Zhaoxia Xu, 2013. "Financial Dependence and Innovation: The Case of Public versus Private Firms," NBER Working Papers 19708, National Bureau of Economic Research, Inc.
    15. Mehmet Balcilar & Riza Demirer, 2014. "The Effect of Global Shocks and Volatility on Herd Behavior in Borsa Istanbul," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 142-172, March.
    16. Ramana Nanda & Matthew Rhodes-Kropf, 2016. "Financing Entrepreneurial Experimentation," Innovation Policy and the Economy, University of Chicago Press, vol. 16(1), pages 1-23.
    17. Onur Bayar & Thomas J. Chemmanur & Harshit Rajaiya & Xuan Tian & Qianqian Yu, 2025. "Trademarks and Entrepreneurial Firm Success: Theory and Evidence from Venture Capital Investments in Private Firms," Entrepreneurship Theory and Practice, , vol. 49(3), pages 846-882, May.
    18. Baziki, Selva Bahar & Norbäck, Pehr-Johan & Persson, Lars & Tåg, Joacim, 2017. "Cross-border acquisitions and restructuring: Multinational enterprises and private equity-firms," European Economic Review, Elsevier, vol. 94(C), pages 166-184.
    19. Tsang, Albert & Wang, Kun Tracy & Liu, Simeng & Yu, Li, 2021. "Integrating corporate social responsibility criteria into executive compensation and firm innovation: International evidence," Journal of Corporate Finance, Elsevier, vol. 70(C).
    20. Raymond Darfo-Oduro & Viktor Prokop & Jan Stejskal & Viktorie Klímová & Vladimír Žítek, 2024. "Do R&D intensity and capacity utilisation matter for SMEs’ innovations within the CEE region? Testing moderating roles of different ownership structures," PLOS ONE, Public Library of Science, vol. 19(1), pages 1-25, January.
    21. Zuo, Jingjing & Huang, Changqing & Qiu, Baoyin & Mai, Ruidong, 2023. "The construction of social credit system and corporate innovation: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 81(C).
    22. Katarzyna Predkiewicz & Marek Pauka & Paweł Predkiewicz, 2021. "IPO Success of High-Technology Companies," European Research Studies Journal, European Research Studies Journal, vol. 0(3 - Part ), pages 799-816.
    23. Ashish Arora & Andrea Fosfuri & Thomas Roende, 2018. "Waiting for the Payday? The Market for Startups and the Timing of Entrepreneurial Exit," NBER Working Papers 24350, National Bureau of Economic Research, Inc.
    24. Ramana Nanda & Matthew Rhodes-Kropf, 2013. "Innovation and the Financial Guillotine," NBER Working Papers 19379, National Bureau of Economic Research, Inc.
    25. Suleyman Hilmi Kal & Nuran Arslaner & Ferhat Arslaner, 2014. "Inflation Dynamics and Business Cycles," BIFEC Book of Abstracts & Proceedings, Research and Business Development Department, Borsa Istanbul, vol. 1(2), pages 121-129, March.
    26. Lee, Yun-Chi, 2020. "Does staying private longer affect innovation of VC-backed IPOs and outcomes of VC investments?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 66(C).
    27. Alsharkas Zeina, 2014. "Firm Size, Competition, Financing and Innovation," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 44(1), pages 51-73, December.
    28. Jinyong Chen & Weijia Shu & Xiaochi Wang & Muhammad Safdar Sial & Mariana Sehleanu & Daniel Badulescu, 2021. "The Impact of Environmental Uncertainty on Corporate Innovation: Empirical Evidence from an Emerging Economy," IJERPH, MDPI, vol. 19(1), pages 1-22, December.
    29. Shi, Yaya & Zhao, Ningru, 2024. "The effect of privatization on corporate innovation: New evidence from China’s ownership-transfer-privatization," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 1198-1211.
    30. Zhao, Shan & He, Xinming & Ma, Baichao & Zuo, Wenming, 2025. "Customer concentration, firm R&D investment and moderation effects," Journal of Business Research, Elsevier, vol. 186(C).
    31. Tan, Teck Yong, 2021. "Assignment under task dependent private information," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 632-645.
    32. Arnold, Lutz G. & Zelzner, Sebastian, 2022. "Financial trading versus entrepreneurship: Competition for talent and negative feedback effects," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 186-199.
    33. Liu, Guanchun & Lu, Di & Yang, Jinyu, 2023. "Innovation for promotion: The effect of executive involvement on inventors' innovation choice," Journal of Corporate Finance, Elsevier, vol. 80(C).
    34. Claudio Loderer & René Stulz & Urs Waelchli, 2017. "Firm Rigidities and the Decline in Growth Opportunities," Management Science, INFORMS, vol. 63(9), pages 3000-3020, September.
    35. Liu, Kai & Wang, Jiang & Liu, Liqun & Huang, Yingjun, 2023. "Mixed-ownership reform of SOEs and ESG performance: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1618-1641.
    36. Liang Tang & Zhen Gu & Qi Zhang & Jiali Liu, 2022. "RETRACTED ARTICLE: The effect of firm size, industry type and ownership structure on the relationship between firms' sustainable innovation capability and stock liquidity," Operations Management Research, Springer, vol. 15(3), pages 825-837, December.
    37. Aldatmaz, Serdar & Celikyurt, Ugur, 2023. "The effect of venture capital backing on innovation in newly public firms," Journal of Empirical Finance, Elsevier, vol. 74(C).
    38. Li, Xiao-Lin & Xia, Xiaolong & Ge, Xinyu & Si, Deng-Kui, 2025. "Common institutional ownership and the spillover effect of corporate innovation," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    39. Yu, Yang & Xie, Bingyuan & Dou, Zhuo & Fu, Qilong, 2024. "Managerial myopia and corporate innovation strategy," Finance Research Letters, Elsevier, vol. 67(PA).
    40. Kapoor, Rahul & Klueter, Thomas, 2020. "Progress and setbacks: The two faces of technology emergence," Research Policy, Elsevier, vol. 49(1).
    41. Njangang, Henri, 2018. "Does financial development reduce the size of the informal economy in Sub-Saharan African countries?," MPRA Paper 89851, University Library of Munich, Germany.
    42. Chen, Tao & Gao, Huasheng & Wang, Yuxi, 2021. "Tariff uncertainty and firm innovation: Evidence from the U.S.–China Permanent Normal Trade Relation," Journal of Empirical Finance, Elsevier, vol. 62(C), pages 12-27.
    43. Shen, Lingbo, 2022. "Essays on behavioral finance and corporate finance," Other publications TiSEM a9b98a25-a208-4ba6-9344-9, Tilburg University, School of Economics and Management.
    44. Thomas J. Chemmanur & Manish Gupta & Karen Simonyan, 2022. "Top Management Team Quality and Innovation in Venture-Backed Private Firms and IPO Market Rewards to Innovative Activity," Entrepreneurship Theory and Practice, , vol. 46(4), pages 920-951, July.
    45. Mihaela Diaconu, 2016. "Determinants of Financing Decisions in Innovative Firms: A Review on Theoretical Backgrounds and Empirical Evidence," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 198-203, February.
    46. Clò, Stefano & Frigerio, Marco & Vandone, Daniela, 2022. "Financial support to innovation: The role of European development financial institutions," Research Policy, Elsevier, vol. 51(10).
    47. Chemmanur, Thomas J. & Signori, Andrea & Vismara, Silvio, 2023. "The exit choices of European private firms: A dynamic empirical analysis," Journal of Financial Markets, Elsevier, vol. 65(C).
    48. Giovanni Dosi & Valerie Revest & Alessandro Sapio, 2016. "Financial regimes, financialization patterns and industrial performances: preliminary remarks," LEM Papers Series 2016/25, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    49. Rong, Zhao & Wu, Xiaokai & Boeing, Philipp, 2017. "The effect of institutional ownership on firm innovation: Evidence from Chinese listed firms," Research Policy, Elsevier, vol. 46(9), pages 1533-1551.
    50. Ruf, Tobias, 2023. "Passive ownership and long-term orientation around the world," Junior Management Science (JUMS), Junior Management Science e. V., vol. 8(2), pages 473-504.
    51. Moon, Byunggeor, 2024. "Innovative or complacent: The impact of financial conditions on firms’ strategic innovation activities—A game-theoretical approach," Research in International Business and Finance, Elsevier, vol. 71(C).
    52. Michele Battisti & Filippo Belloc & Massimo Del Gatto, 2012. "Unbundling Technology Adoption and TFP at the Firm Level. Do Intangibles Matter?," Working Paper series 71_12, Rimini Centre for Economic Analysis.
    53. Yuan, Xiaohui, 2025. "Cavalry or locust? Foreign ownership heterogeneity and bank lending cyclicality," Pacific-Basin Finance Journal, Elsevier, vol. 94(C).
    54. Dung Viet Tran & M. Kabir Hassan & Reza Houston, 2020. "Discretionary loan loss provision behavior in the US banking industry," Review of Quantitative Finance and Accounting, Springer, vol. 55(2), pages 605-645, August.
    55. Mariassunta Giannetti & Xiaoyun Yu, 2021. "Adapting to Radical Change: The Benefits of Short-Horizon Investors," Management Science, INFORMS, vol. 67(7), pages 4032-4055, July.
    56. Chen Lin & Sibo Liu & Lai Wei, 2018. "Banking and Innovation: A Review," ADBI Working Papers 815, Asian Development Bank Institute.
    57. Ciaran Driver & Maria João Coelho Guedes, 2017. "R&D and CEO departure date: do financial incentives make CEOs more opportunistic?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(5), pages 801-820.
    58. Zeng, Jing & Zhang, Bingqian & Li, Kevin K., 2024. "The impact of free trade zones on ESG performance: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 1110-1122.
    59. Cyrus Aghamolla & Richard T. Thakor, 2022. "Do Mandatory Disclosure Requirements for Private Firms Increase the Propensity of Going Public?," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 60(3), pages 755-804, June.
    60. Yongqiang Chu & Xuan Tian & Wenyu Wang, 2019. "Corporate Innovation Along the Supply Chain," Management Science, INFORMS, vol. 67(6), pages 2445-2466, June.
    61. Josh Lerner & Morten Sorensen & Per Stromberg, 2013. "Private Equity and Investment in Innovation: Evidence from Patents," Journal of Applied Corporate Finance, Morgan Stanley, vol. 25(2), pages 95-102, June.
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    199. Fatmy, Veda & Sihvonen, Jukka & Vähämaa, Sami, 2025. "LGBTQ-friendly employee policies and corporate innovation," International Review of Financial Analysis, Elsevier, vol. 105(C).
    200. Kathrin Manthei & Dirk Sliwka & Timo Vogelsang, 2021. "Performance Pay and Prior Learning—Evidence from a Retail Chain," Management Science, INFORMS, vol. 67(11), pages 6998-7022, November.
    201. Zhao, Yi & Fu, Renhui & Gao, Fang, 2024. "The impact of stock market liberalization on long-term investment: Evidence from mainland–Hong Kong stock connect programs in China," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
    202. Yue-Jun & Ting Liang & Zongwu Cai, 2021. "Can Technological Innovation Bring an Economic and Environmental Benefit to Energy Firms: An Evidence from China?," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 202112, University of Kansas, Department of Economics, revised May 2021.
    203. Alessandro Spiganti, 2020. "Can Starving Start‐ups Beat Fat Labs? A Bandit Model of Innovation with Endogenous Financing Constraint," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(2), pages 702-731, April.
    204. Liu, Huiling & Fei, Xing & Yakshtas, Kseniya & Li, Bo, 2018. "Does the high-tech enterprise certification policy promote innovation in China?," Economics Discussion Papers 2018-85, Kiel Institute for the World Economy.
    205. Evgeny Kagan & Stephen Leider & William S. Lovejoy, 2018. "Ideation–Execution Transition in Product Development: An Experimental Analysis," Management Science, INFORMS, vol. 64(5), pages 2238-2262, May.
    206. Zhang, Ping & Wang, Yiru & Gao, Jieying, 2023. "Going public and innovation: Evidence from the ChiNext stock market," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 586-613.
    207. Brüggemann Julia & Proeger Till, 2017. "The Effectiveness of Public Subsidies for Private Innovations. An Experimental Approach," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(4), pages 1-21, October.
    208. Puchu Zhao & Guohua He & Jian Guan, 2026. "The Ethical Costs of Artificial Intelligence: Investigating How and When Workplace Artificial Intelligence Usage Promotes Employee Unethical Outcomes," Journal of Business Ethics, Springer, vol. 203(3), pages 531-547, January.
    209. Jin, Zhangfeng, 2021. "The Legacies of the Soviet Influence in the 1950s: China's 156 Major Industrial Projects," GLO Discussion Paper Series 932, Global Labor Organization (GLO).
    210. Chen, Clara Xiaoling & Lill, Jeremy B. & Lucianetti, Lorenzo, 2023. "Performance measurement system diversity and product innovation: Evidence from longitudinal survey data," Accounting, Organizations and Society, Elsevier, vol. 111(C).
    211. Belloc, Filippo, 2022. "Profit sharing and innovation across organizational layers," Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 598-623.
    212. Zhao, Qicheng & Hu, Changyu & Ma, Ruiyun & Yin, Yugang & Liu, Yahui, 2024. "Foreign shareholders and executive compensation stickiness: Evidence from China," Finance Research Letters, Elsevier, vol. 59(C).
    213. Karl Aschenbrücker & Tobias Kretschmer, 2022. "Performance-based incentives and innovative activity in small firms: evidence from German manufacturing," Journal of Organization Design, Springer;Organizational Design Community, vol. 11(2), pages 47-64, June.
    214. Florian Mudekereza, 2026. "Motivating Innovation with a Misspecified Roadmap," Papers 2602.18879, arXiv.org, revised Jun 2026.
    215. Berton, Fabio & Dughera, Stefano & Ricci, Andrea, 2021. "Are Unions Detrimental to Innovation? Theory and Evidence," IZA Discussion Papers 14102, IZA Network @ LISER.
    216. Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2017. "What promotes R&D? Comparative evidence from around the world," Research Policy, Elsevier, vol. 46(2), pages 447-462.
    217. Kun Qian & Sanjay Jain, 2024. "Digital Content Creation: An Analysis of the Impact of Recommendation Systems," Management Science, INFORMS, vol. 70(12), pages 8668-8684, December.
    218. Murat Alp Celik & Xu Tian, 2023. "Agency Frictions, Managerial Compensation, and Disruptive Innovations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 16-38, December.
    219. Cumming, Douglas & Ji, Shan & Peter, Rejo & Tarsalewska, Monika, 2020. "Market manipulation and innovation," Journal of Banking & Finance, Elsevier, vol. 120(C).
    220. Brüggemann, Julia & Proeger, Till, 2017. "The effectiveness of public subsidies for private innovations: An experimental approach," University of Göttingen Working Papers in Economics 266, University of Goettingen, Department of Economics, revised 2017.
    221. Claire Bonnard, 2011. "Les incitations à l'innovation dans le secteur privé," Post-Print halshs-00599700, HAL.
    222. Ross Levine & Chen Lin & Lai Wei, 2015. "Insider Trading and Innovation," NBER Working Papers 21634, National Bureau of Economic Research, Inc.
    223. Marchegiani, Lucia & Reggiani, Tommaso G. & Rizzolli, Matteo, 2011. "How Unjust! An Experimental Investigation of Supervisors' Evaluation Errors and Agents' Incentives," IZA Discussion Papers 6254, IZA Network @ LISER.
    224. Sourav Bhattacharya & Pavel Chakraborty & Chirantan Chatterjee, 2018. "Intellectual Property Regimes and Firm Structure," Working Papers 240829812, Lancaster University Management School, Economics Department.
    225. Viral V. Acharya & Ramin P. Baghai & Krishnamurthy V. Subramanian, 2013. "Labor Laws and Innovation," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 997-1037.
    226. Manthei, Kathrin & Sliwka, Dirk & Vogelsang, Timo, 2018. "Performance Pay and Prior Learning: Evidence from a Retail Chain," IZA Discussion Papers 11859, IZA Network @ LISER.
    227. Liu, Baohua & Sun, Pei-Yu & Zeng, Yongliang, 2020. "Employee-related corporate social responsibilities and corporate innovation: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 70(C), pages 357-372.
    228. Sun, Yanyang & Chen, Yu & Wu, Wenruo, 2024. "Short-term success and long-term failure? The case of GDP growth targets and corporate innovation," Pacific-Basin Finance Journal, Elsevier, vol. 84(C).
    229. Zhongcheng Wang & Yiheng Cheng & Xinhong Xue, 2024. "Can Foreign Institutional Investors Stimulate Environmental Innovation? Evidence From China’s Stock Market Liberalization," SAGE Open, , vol. 14(2), pages 21582440241, June.
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  9. Darrell DUFFIE & Semyon MALAMUD & Gustavo MANSO, 2009. "The Relative Contributions of Private Information Sharing and Public Information Releases to Information Aggregation," Swiss Finance Institute Research Paper Series 09-33, Swiss Finance Institute.

    Cited by:

    1. Yang Lu & Wing Suen & Heng Chen, 2013. "The Power of Whispers: A Theory of Rumor, Communication and Revolution," 2013 Meeting Papers 411, Society for Economic Dynamics.
    2. Goldstein, Itay & Xiong, Yan & Yang, Liyan, 2025. "Information sharing in financial markets," Journal of Financial Economics, Elsevier, vol. 163(C).
    3. Amador, Manuel & Weill, Pierre-Olivier, 2012. "Learning from private and public observations of othersʼ actions," Journal of Economic Theory, Elsevier, vol. 147(3), pages 910-940.
    4. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2015. "Reprint of: Information percolation in segmented markets," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 838-869.
    5. Darrell Duffie & Semyon Malamud & Gustavo Manso, 2011. "Information Percolation in Segmented Markets," NBER Working Papers 17295, National Bureau of Economic Research, Inc.
    6. Attanasi, Giuseppe & Centorrino, Samuele & Moscati, Ivan, 2016. "Over-the-counter markets vs. double auctions: A comparative experimental study," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 63(C), pages 22-35.
    7. Mikhail Golosov & Guido Lorenzoni & Aleh Tsyvinski, 2009. "Decentralized Trading with Private Information," NBER Working Papers 15513, National Bureau of Economic Research, Inc.
    8. Moscarini, Giuseppe & Wright, Randall, 2010. "Introduction to Search Theory and Applications," Journal of Economic Theory, Elsevier, vol. 145(4), pages 1319-1324, July.
    9. Andrei, Daniel & Cujean, Julien, 2017. "Information percolation, momentum and reversal," Journal of Financial Economics, Elsevier, vol. 123(3), pages 617-645.
    10. Manela, Asaf, 2014. "The value of diffusing information," Journal of Financial Economics, Elsevier, vol. 111(1), pages 181-199.

  10. Bruce Ian Carlin & Simon Gervais & Gustavo Manso, 2009. "When Does Libertarian Paternalism Work?," NBER Working Papers 15139, National Bureau of Economic Research, Inc.

    Cited by:

    1. SATO, Motohiro & 佐藤, 主光 & SAITO, Makoto & 齊藤, 誠, 2011. "The context effect in the choice of earthquake insurance contracts in Japan," Discussion Papers 2011-10, Graduate School of Economics, Hitotsubashi University.
    2. V. Smith & Eric Moore, 2010. "Behavioral Economics and Benefit Cost Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(2), pages 217-234, June.
    3. Martin Binder, 2014. "Should evolutionary economists embrace libertarian paternalism?," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 515-539, July.
    4. Klump Rainer & Wörsdörfer Manuel, 2015. "Paternalistic Economic Policies: Foundations, Implications and Critical Evaluations," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 66(1), pages 27-60, January.
    5. Per-Olov Johansson & Bengt Kriström (ed.), 2011. "Modern Cost–Benefit Analysis of Hydropower Conflicts," Books, Edward Elgar Publishing, number 14253.

  11. Bruce Ian Carlin & Gustavo Manso, 2009. "Obfuscation, Learning, and the Evolution of Investor Sophistication," NBER Working Papers 14954, National Bureau of Economic Research, Inc.

    Cited by:

    1. Margarida Abreu & Victor Mendes, 2017. "The Investor in Structured Retail Products: Marketing Driven or Gambling Oriented?," Working Papers REM 2017/14, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.

  12. Darrell DUFFIE & Semyon MALAMUD & Gustavo MANSO, 2009. "Information Percolation with Equilibrium Search Dynamics," Swiss Finance Institute Research Paper Series 09-02, Swiss Finance Institute.

    Cited by:

    1. Babus, Ana & Kondor, Peter, 2018. "Trading and information diffusion in over-the-counter markets," LSE Research Online Documents on Economics 118939, London School of Economics and Political Science, LSE Library.
    2. Giuseppe Attanasi & Samuele Centorrino & Elena Manzoni, 2020. "Zero-Intelligence vs. Human Agents: An Experimental Analysis of the Efficiency of Double Auctions and Over-the-Counter Markets of Varying Sizes," GREDEG Working Papers 2020-10, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. Batchimeg Sambalaibat, 2018. "Endogenous Specialization and Dealer Networks," 2018 Meeting Papers 1278, Society for Economic Dynamics.
    4. Alain B'elanger & Gaston Giroux, 2012. "Information Percolation: Some General Cases with an Application to Econophysics," Papers 1202.5251, arXiv.org.
    5. Gino Cenedese & Angelo Ranaldo & Michalis Vasios, 2018. "OTC Premia," Working Papers on Finance 1818, University of St. Gallen, School of Finance, revised May 2019.
    6. Vayanos, Dimitri & Wang, Jiang, 2013. "Market Liquidity—Theory and Empirical Evidence ," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, volume 2, chapter 0, pages 1289-1361, Elsevier.
    7. Taneli Mäkinen & Francesco Palazzo, 2017. "The double bind of asymmetric information in over-the-counter markets," Temi di discussione (Economic working papers) 1128, Bank of Italy, Economic Research and International Relations Area.
    8. Goldstein, Itay & Xiong, Yan & Yang, Liyan, 2025. "Information sharing in financial markets," Journal of Financial Economics, Elsevier, vol. 163(C).
    9. Wade Hann-Caruthers & Vadim V. Martynov & Omer Tamuz, 2017. "The speed of sequential asymptotic learning," Papers 1707.02689, arXiv.org, revised Nov 2017.
    10. David Hirshleifer, 2020. "Presidential Address: Social Transmission Bias in Economics and Finance," Journal of Finance, American Finance Association, vol. 75(4), pages 1779-1831, August.
    11. Dimitri Vayanos & Jiang Wang, 2012. "Market Liquidity -- Theory and Empirical Evidence," NBER Working Papers 18251, National Bureau of Economic Research, Inc.
    12. Pedersen, Lasse Heje, 2022. "Game on: Social networks and markets," Journal of Financial Economics, Elsevier, vol. 146(3), pages 1097-1119.
    13. Krishnamurthy Iyer & Ramesh Johari & Mukund Sundararajan, 2014. "Mean Field Equilibria of Dynamic Auctions with Learning," Management Science, INFORMS, vol. 60(12), pages 2949-2970, December.
    14. Manxi Wu & Saurabh Amin & Asuman Ozdaglar, 2021. "Multi-agent Bayesian Learning with Best Response Dynamics: Convergence and Stability," Papers 2109.00719, arXiv.org.
    15. Qi, Dengwei, 2025. "The rates of learning with public and private signals," Mathematical Social Sciences, Elsevier, vol. 136(C).
    16. Gustavo Manso & Farzad Pourbabaee, 2022. "The Impact of Connectivity on the Production and Diffusion of Knowledge," Papers 2202.00729, arXiv.org, revised Feb 2026.
    17. Batchimeg Sambalaibat & Artem Neklyudov, 2016. "Endogenous Specialization and Dealer Networks," 2016 Meeting Papers 1041, Society for Economic Dynamics.
    18. Sachin Adlakha & Ramesh Johari, 2013. "Mean Field Equilibrium in Dynamic Games with Strategic Complementarities," Operations Research, INFORMS, vol. 61(4), pages 971-989, August.
    19. Julien Hugonnier & Benjamin Lester & Pierre-Olivier Weill, 2014. "Heterogeneity in Decentralized Asset Markets," NBER Working Papers 20746, National Bureau of Economic Research, Inc.
    20. Nobuyuki Hanaki & Giulia Iori & Pietro Vassallo, 2025. "Learning and information diffusion in OTC markets: experiments and a computational model," Working Papers 2025: 12, Department of Economics, University of Venice "Ca' Foscari".
    21. Francesco Palazzo, 2016. "Search costs and the severity of adverse selection," Temi di discussione (Economic working papers) 1073, Bank of Italy, Economic Research and International Relations Area.
    22. Rainone, Edoardo, 2020. "The network nature of over-the-counter interest rates," Journal of Financial Markets, Elsevier, vol. 47(C).
    23. Kei Kawakami, 2014. "Excessive Dynamic Trading: Propagation of Belief Shocks in Small Markets," Department of Economics - Working Papers Series 1188, The University of Melbourne.
    24. Bar Light & Gabriel Weintraub, 2019. "Mean Field Equilibrium: Uniqueness, Existence, and Comparative Statics," Papers 1903.02273, arXiv.org, revised Jun 2020.
    25. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2009. "The Relative Contributions of Private Information Sharing and Public Information Releases to Information Aggregation," Research Papers 2023, Stanford University, Graduate School of Business.
    26. Zachary Bethune & Bruno Sultanum & Nicholas Trachter, 2019. "An Information-Based Theory of Financial Intermediation," Working Paper 19-12, Federal Reserve Bank of Richmond.
    27. Xu, Hedong & Tian, Cunzhi & Xiao, Xinrong & Fan, Suohai, 2018. "Evolutionary investors’ power-based game on networks," Applied Mathematics and Computation, Elsevier, vol. 330(C), pages 125-133.
    28. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2015. "Reprint of: Information percolation in segmented markets," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 838-869.
    29. Uslu, Semih, 2015. "Pricing and Liquidity in Decentralized Asset Markets," MPRA Paper 73901, University Library of Munich, Germany, revised 21 Sep 2016.
    30. Péter Kondor & Gábor Pintér, 2022. "Clients' Connections: Measuring the Role of Private Information in Decentralized Markets," Journal of Finance, American Finance Association, vol. 77(1), pages 505-544, February.
    31. Marc de Kamps & Daniel Ladley & Aistis Simaitis, 2012. "Heterogeneous Beliefs in Over-The-Counter Markets," Discussion Papers in Economics 13/03, Division of Economics, School of Business, University of Leicester, revised Sep 2013.
    32. Alain B'elanger & Gaston Giroux & Ndoun'e Ndoun'e, 2015. "Some new results on Dufffie-type OTC markets," Papers 1503.03006, arXiv.org.
    33. Semyon Malamud & Marzena Rostek, 2017. "Decentralized Exchange," American Economic Review, American Economic Association, vol. 107(11), pages 3320-3362, November.
    34. Cujean, Julien, 2020. "Idea sharing and the performance of mutual funds," Journal of Financial Economics, Elsevier, vol. 135(1), pages 88-119.
    35. Halim, Edward & Riyanto, Yohanes E. & Roy, Nilanjan & Wang, Yan, 2022. "The Bright Side of Dark Markets: Experiments," MPRA Paper 111803, University Library of Munich, Germany.
    36. Darrell Duffie & Semyon Malamud & Gustavo Manso, 2011. "Information Percolation in Segmented Markets," NBER Working Papers 17295, National Bureau of Economic Research, Inc.
    37. , & , & ,, 2014. "Dynamics of information exchange in endogenous social networks," Theoretical Economics, Econometric Society, vol. 9(1), January.
    38. Mira Frick & Ryota Iijima & Yuhta Ishii, 2019. "Misinterpreting Others and the Fragility of Social Learning," Cowles Foundation Discussion Papers 2160R, Cowles Foundation for Research in Economics, Yale University, revised Mar 2020.
    39. Xiaoran Huang & Zheng Qiao & Lei Zhang, 2021. "The real effects of institutional spatial concentration," Financial Management, Financial Management Association International, vol. 50(4), pages 1113-1167, December.
    40. Rajkamal Iyer & Asim Ijaz Khwaja & Erzo F. P. Luttmer & Kelly Shue, 2016. "Screening Peers Softly: Inferring the Quality of Small Borrowers," Management Science, INFORMS, vol. 62(6), pages 1554-1577, June.
    41. Attanasi, Giuseppe & Centorrino, Samuele & Moscati, Ivan, 2016. "Over-the-counter markets vs. double auctions: A comparative experimental study," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 63(C), pages 22-35.
    42. Chague, Fernando & De-Losso, Rodrigo & De Genaro, Alan & Giovannetti, Bruno, 2017. "Well-connected short-sellers pay lower loan fees: A market-wide analysis," Journal of Financial Economics, Elsevier, vol. 123(3), pages 646-670.
    43. Pavan, Alessandro & Vives, Xavier, 2015. "Information, Coordination, and Market Frictions: An Introduction," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 407-426.
    44. Schultz, Paul, 2012. "The market for new issues of municipal bonds: The roles of transparency and limited access to retail investors," Journal of Financial Economics, Elsevier, vol. 106(3), pages 492-512.
    45. Matan Harel & Elchanan Mossel & Philipp Strack & Omer Tamuz, 2014. "Rational Groupthink," Papers 1412.7172, arXiv.org, revised Jun 2020.
    46. Bing Han & Liyan Yang, 2013. "Social Networks, Information Acquisition, and Asset Prices," Management Science, INFORMS, vol. 59(6), pages 1444-1457, June.
    47. Paul Glasserman & Peyton Young, 2015. "Contagion in Financial Networks," Economics Series Working Papers 764, University of Oxford, Department of Economics.
    48. Mark Paddrik & Carlos Ramirez, 2025. "Treasury Tri-party Repo Pricing," Working Papers 25-07, Office of Financial Research, US Department of the Treasury.
    49. Zhinan Li & Xiaoyuan Liu, 2022. "How does risk information dissemination affect risk contagion in the interbank market?," PLOS ONE, Public Library of Science, vol. 17(7), pages 1-17, July.
    50. Gábor Pintér & Chaojun Wang & Junyuan Zou, 2022. "Information chasing versus adverse selection," Bank of England Staff Working Paper series 971, Bank of England.
    51. Yash Kanoria & Daniela Saban, 2021. "Facilitating the Search for Partners on Matching Platforms," Management Science, INFORMS, vol. 67(10), pages 5990-6029, October.
    52. Cujean, Julien, 2018. "Idea Sharing and the Performance of Mutual Funds," CEPR Discussion Papers 13111, Centre for Economic Policy Research.
    53. Mikhail Golosov & Guido Lorenzoni & Aleh Tsyvinski, 2009. "Decentralized Trading with Private Information," NBER Working Papers 15513, National Bureau of Economic Research, Inc.
    54. Glasserman, Paul & Young, H. Peyton, 2016. "Contagion in financial networks," LSE Research Online Documents on Economics 68681, London School of Economics and Political Science, LSE Library.
    55. Robert Shimer & Ivan Werning, 2019. "Efficiency and information transmission in bilateral trading," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 33, pages 154-176, July.
    56. Semyon Malamud & Marzena Rostek, 2012. "Decentralized Exchange," Working Papers 12-18, NET Institute.
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    Cited by:

    1. Alain B'elanger & Gaston Giroux, 2012. "Information Percolation: Some General Cases with an Application to Econophysics," Papers 1202.5251, arXiv.org.
    2. Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2011. "Understanding Booms and Busts in Housing Markets," NBER Working Papers 16734, National Bureau of Economic Research, Inc.
    3. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2015. "Reprint of: Information percolation in segmented markets," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 838-869.
    4. Uslu, Semih, 2015. "Pricing and Liquidity in Decentralized Asset Markets," MPRA Paper 73901, University Library of Munich, Germany, revised 21 Sep 2016.
    5. Choi, Michael, 2018. "Imperfect information transmission and adverse selection in asset markets," Journal of Economic Theory, Elsevier, vol. 176(C), pages 619-649.
    6. Zurita, Carlos A., 2022. "Is The Gravity Model a Power Law?: Evidence from Colombia," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322368, Agricultural and Applied Economics Association.
    7. Darrell Duffie & Semyon Malamud & Gustavo Manso, 2011. "Information Percolation in Segmented Markets," NBER Working Papers 17295, National Bureau of Economic Research, Inc.
    8. Mira Frick & Ryota Iijima & Yuhta Ishii, 2019. "Misinterpreting Others and the Fragility of Social Learning," Cowles Foundation Discussion Papers 2160R, Cowles Foundation for Research in Economics, Yale University, revised Mar 2020.
    9. Levy, Gilat & Razin, Ronny, 2018. "Information diffusion in networks with the Bayesian Peer Influence heuristic," Games and Economic Behavior, Elsevier, vol. 109(C), pages 262-270.
    10. Levy, Gilat & Razin, Ronny, 2018. "Information diffusion in networks with the Bayesian Peer Influence heuristic," LSE Research Online Documents on Economics 86554, London School of Economics and Political Science, LSE Library.
    11. Attanasi, Giuseppe & Centorrino, Samuele & Moscati, Ivan, 2016. "Over-the-counter markets vs. double auctions: A comparative experimental study," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 63(C), pages 22-35.
    12. Chague, Fernando & De-Losso, Rodrigo & De Genaro, Alan & Giovannetti, Bruno, 2017. "Well-connected short-sellers pay lower loan fees: A market-wide analysis," Journal of Financial Economics, Elsevier, vol. 123(3), pages 646-670.
    13. Matan Harel & Elchanan Mossel & Philipp Strack & Omer Tamuz, 2014. "Rational Groupthink," Papers 1412.7172, arXiv.org, revised Jun 2020.
    14. Rosenthal, Dale W.R. & Thomas, Nordia Diana Marie, 2012. "Transact taxes in a price maker/taker market," MPRA Paper 40556, University Library of Munich, Germany.
    15. Robert Shimer & Ivan Werning, 2019. "Efficiency and information transmission in bilateral trading," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 33, pages 154-176, July.
    16. Keppo, Jussi & Satopää, Ville A., 2024. "Bayesian herd detection for dynamic data," International Journal of Forecasting, Elsevier, vol. 40(1), pages 285-301.
    17. Andrei, Daniel & Cujean, Julien, 2017. "Information percolation, momentum and reversal," Journal of Financial Economics, Elsevier, vol. 123(3), pages 617-645.
    18. Bulusu, Narayan, 2024. "Disentangling the supply and announcement effects of open market operations," Journal of Financial Markets, Elsevier, vol. 67(C).
    19. Hu, May & Park, Jason & Chen, Jane & Verhoevenc, Peter, 2022. "Cross-market informed trading in the CDS and option markets," Global Finance Journal, Elsevier, vol. 54(C).
    20. Elena Asparouhova & Peter Bossaerts & Wenhao Yang, 2024. "Costly Information Acquisition in Decentralized Markets: Experimental Evidence," Management Science, INFORMS, vol. 70(12), pages 8833-8852, December.

Articles

  1. Manso, Gustavo & Rivera, Alejandro & Wang, Hui (Grace) & Xia, Han, 2025. "Household debt overhang and human capital investment," Journal of Financial Economics, Elsevier, vol. 172(C).

    Cited by:

    1. Jiang, Jiaxi & Li, Yichen & Luo, Pengfei, 2026. "Debt overhang and short-termism under incomplete markets," International Review of Financial Analysis, Elsevier, vol. 109(C).
    2. Niu, Yingjie & Tang, Zian & Yang, Jinqiang, 2026. "Robust human capital investment," Economics Letters, Elsevier, vol. 260(C).

  2. Ganesh Iyer & Gustavo Manso, 2023. "Recommendations with Feedback," The Review of Financial Studies, Society for Financial Studies, vol. 36(2), pages 501-533.

    Cited by:

    1. Ruidi Huang, 2025. "The Financial Consequences of Online Review Aggregators: Evidence from Yelp Ratings and SBA Loans," Management Science, INFORMS, vol. 71(1), pages 59-82, January.

  3. Gustavo Manso & Benjamin Balsmeier & Lee Fleming, 2023. "Heterogeneous Innovation over the Business Cycle," The Review of Economics and Statistics, MIT Press, vol. 105(5), pages 1224-1236, September.

    Cited by:

    1. Kumar, Amit & Operti, Elisa, 2025. "Recessions, institutions, and regional exploration," Research Policy, Elsevier, vol. 54(3).
    2. Melnik, Walter & Smyth, Andrew, 2024. "R&D tax credits and innovation," Journal of Public Economics, Elsevier, vol. 236(C).
    3. Erhardt, Katharina & Gupta, Apoorva, 2024. "Go wide or go deep: Margins of new trade flows," DICE Discussion Papers 415, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    4. Gupta, Apoorva, 2026. "R&D and firm resilience during bad times," International Journal of Industrial Organization, Elsevier, vol. 105(C).
    5. Katharina Erhardt & Apoorva Gupta, 2024. "Go Wide or Go Deep: Margins of New Trade Flows," CESifo Working Paper Series 11269, CESifo.
    6. Chen, Hongze & Li, Conggang & Liu, Jiatao & Xu, Rong, 2025. "Navigating digital frontiers: The impact of China's cybersecurity law on corporate digital innovation," International Review of Financial Analysis, Elsevier, vol. 103(C).
    7. Yang, Alex J., 2025. "Text vs. citations: A comparative analysis of breakthrough and disruption metrics in patent innovation," Research Policy, Elsevier, vol. 54(8).
    8. Majeed, Omer & Hambur, Jonathan & Breunig, Robert, 2025. "Does monetary policy impact innovation? Evidence from Australian Administrative Data," Journal of Macroeconomics, Elsevier, vol. 86(C).

  4. Chen Lin & Sibo Liu & Gustavo Manso, 2021. "Shareholder Litigation and Corporate Innovation," Management Science, INFORMS, vol. 67(6), pages 3346-3367, June.

    Cited by:

    1. Elisabeth Kempf & Oliver Spalt, 2023. "Attracting the Sharks: Corporate Innovation and Securities Class Action Lawsuits," Management Science, INFORMS, vol. 69(3), pages 1805-1834, March.
    2. Stefan F. Schantl & Alfred Wagenhofer, 2024. "Economic effects of litigation risk on corporate disclosure and innovation," Review of Accounting Studies, Springer, vol. 29(4), pages 3328-3368, December.
    3. Liu, Yan & Zheng, Yinglong & Li, Juan & Cheng, Xuemei, 2025. "Corporate litigation risk and total factor productivity: The mechanism of financing constraints," Finance Research Letters, Elsevier, vol. 79(C).
    4. Anqi Wu & Qi Wu & Sridhar Seshadri, 2026. "Effects of Financial Constraints on Supply Chain Financing Choices and Operational Decisions," Management Science, INFORMS, vol. 72(7), pages 5876-5893, July.
    5. Lu, Jianan & Hou, Wenxuan & Main, Brian G.M., 2025. "The cultural legacy of historical ethnic violence: The impact on access to finance and innovation," Journal of Financial Intermediation, Elsevier, vol. 61(C).
    6. Xiang, Junyi & Zhuo, Deming & Zhou, Yihan & Jia, Yundi & Zhao, Weichen, 2025. "Tax incentives and enterprise innovation path selection: evidence from China's R&D expense super deduction reform," Finance Research Letters, Elsevier, vol. 85(PE).
    7. Hui Deng & Lingyun Xiong & Lijuan Xiao, 2024. "Does patent infringement litigation affect stock price crash risk? Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 3-39, March.
    8. Wongsinhirun, Nopparat & Chatjuthamard, Pattanaporn & Jiraporn, Pornsit & Lee, Sang Mook, 2024. "Customer concentration and shareholder litigation risk: Evidence from a quasi-natural experiment," Journal of Behavioral and Experimental Finance, Elsevier, vol. 41(C).
    9. Zhang, Ni & Zhou, Lixin & Tian, Grace Li, 2025. "Corporate litigation and the level of business risk bearing: Mediating effect of refinancing and its dynamic relationship," International Review of Economics & Finance, Elsevier, vol. 101(C).
    10. Feiyan Yang & Jiahui Ren & Junjie Yang & Yuchuan Zhang & Changyuan Xia, 2025. "Does property insurance promote corporate innovation? Evidence from China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 50(1), pages 34-77, January.
    11. Zhu, Zhiliang & Song, Wuqi, 2026. "Credit information sharing and corporate debt maturity structure: Evidence from a quasi-natural experiment in China," The North American Journal of Economics and Finance, Elsevier, vol. 81(C).
    12. Zhao, Guodong & Jiang, Yu & Lei, Xue, 2025. "Litigation access and market efficiency: Evidence from China’s filing registration reform," Finance Research Letters, Elsevier, vol. 86(PF).
    13. Du, Hongbiao & Liang, Xueji & Yu, Mingyang & Lyu, Kefu, 2026. "How does ESG dimensional imbalance affect firm innovation?," Technovation, Elsevier, vol. 150(C).
    14. Duan, Huiqin & Li, Yang & Li, Liuchuang, 2025. "The dark side of investor protection: The case of innovation," Pacific-Basin Finance Journal, Elsevier, vol. 93(C).
    15. Liu, Tong & Mao, Yifei & Tian, Xuan, 2023. "The role of human capital: Evidence from corporate innovation," Journal of Empirical Finance, Elsevier, vol. 74(C).
    16. Chen, Xuchang & Wu, Changqi & Xie, Xuanli, 2025. "Foreign ownership and corporate litigation risk," Journal of Business Research, Elsevier, vol. 189(C).
    17. Xu, Jing & Pan, Zheyao & Tian, Gary (Gang), 2023. "Does the threat of enforcement of financial regulations affect the cost of equity in weak institutional environments?," The British Accounting Review, Elsevier, vol. 55(6).
    18. Olson, Adam J. & Yust, Christopher G. & Christensen, Brant E., 2023. "Are public health policies associated with corporate innovation? Evidence from U.S. nonsmoking laws," Research Policy, Elsevier, vol. 52(10).
    19. Chatjuthamard, Pattanaporn & Wongboonsin, Kua & Ongsakul, Viput & Jiraporn, Pornsit, 2024. "Corporate culture, staggered boards, and managerial entrenchment: Evidence from textual analysis," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 404-418.
    20. Hiep Ngoc Luu & Tram-Anh Nguyen & Dung Thi Thuy Nguyen & Lan Thi Mai Nguyen & Edie Johari, 2024. "Shareholder Litigation Rights and Bank Dividends," Journal of Financial Services Research, Springer;Western Finance Association, vol. 66(3), pages 263-295, December.
    21. André Varella Mollick & Md Ismail Haidar, 2024. "Carbon emissions, fracking, and firm value of U.S. oil and gas firms," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2462-2477, March.
    22. Yifan Xu & Jingyu Qi & Jiahao Kong & Weisi Zhang, 2024. "Strategic decision making in live streaming e-commerce through tripartite evolutionary game analysis," PLOS ONE, Public Library of Science, vol. 19(7), pages 1-32, July.
    23. Stivers, Chris & Sun, Licheng & Saha, Sounak, 2024. "Abnormal stock returns and shorting around securities class action lawsuits: The role of pre-filing news releases," Journal of Financial Markets, Elsevier, vol. 67(C).
    24. Jin Lu & Yaling Li & Wenxiao Zou, 2025. "Creditor litigation and corporate innovation: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 1214-1235, June.
    25. Liu, Du & Lin, Danmo, 2026. "Commercialize or sleep? Capturing value from patenting," Research Policy, Elsevier, vol. 55(1).
    26. Zhu, Jialei & Xiong, Zhengde & Lu, Xinxin & Yao, Zhu, 2025. "Does ESG rating disagreement impede corporate green innovation?," Global Finance Journal, Elsevier, vol. 64(C).
    27. Zhang, Qianqian & Jiang, Chunzi & Liu, Baohua & Chan, Kam C., 2024. "Small but salient: Minority shareholders’ innovation attention in interactive online platforms and corporate innovation," The North American Journal of Economics and Finance, Elsevier, vol. 69(PB).
    28. Thu Ha Nguyen & Truong Giang Nguyen & Cao Chuong Nguyen, 2025. "Relationship Between the Provincial Competitiveness Index and Corporate R&D Investment in Vietnam," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 17(2), pages 286-301, May.
    29. Lai, Shaojie & Yang, Laifeng & Wang, Qing & Anderson, Hamish D., 2023. "Judicial independence and corporate innovation: Evidence from the establishment of circuit courts," Journal of Corporate Finance, Elsevier, vol. 80(C).
    30. Zhang, Huilin & Boubaker, Sabri & Ni, Xiaoran, 2024. "Litigating payouts or not? Evidence from universal demand laws," International Review of Economics & Finance, Elsevier, vol. 90(C), pages 136-153.
    31. Kim, Jinhwan & Shi, Terrence Tianshuo & Verdi, Rodrigo S., 2025. "The innovation consequences of judicial efficiency," Journal of Accounting and Economics, Elsevier, vol. 80(2).
    32. Wang, Liangcheng & Chen, Yizheng & Li, Wendi, 2025. "Facilitator or figurehead? The impact of academician shareholder on corporate innovation: Evidence from China," Technovation, Elsevier, vol. 139(C).
    33. Xuan Tian & Guoqian Tu & Yichu Wang, 2024. "The Real Effects of Shadow Banking: Evidence from China," Management Science, INFORMS, vol. 70(12), pages 8556-8582, December.
    34. Treepongkaruna, Sirimon & Padungsaksawasdi, Chaiyuth, 2024. "Green innovation and shareholder litigation rights," Finance Research Letters, Elsevier, vol. 62(PA).
    35. Dan Huang & Jie Cheng & Xiaofeng Quan & Yanling Wu, 2024. "Managerial attention to environmental protection and corporate green innovation," Review of Quantitative Finance and Accounting, Springer, vol. 63(3), pages 1047-1081, October.
    36. Lynn Wu & Bowen Lou & Lorin M. Hitt, 2025. "Innovation Strategy After IPO: How AI Analytics Spurs Innovation After IPO," Management Science, INFORMS, vol. 71(3), pages 2360-2389, March.
    37. Yiwei Li & Wei Song & Tingyu Sun & Qingjing Zhang, 2023. "The impact of shareholder litigation risk on income smoothing," Review of Quantitative Finance and Accounting, Springer, vol. 61(4), pages 1379-1413, November.
    38. Brent Lutes & Joel Waldfogel & Jeremy Watson, 2025. "Extending Intellectual Property Research in Copyright: A New Data Set from the U.S. Copyright Office," Strategy Science, INFORMS, vol. 10(3), pages 245-262, September.
    39. Li, Zhi & Liu, Yue & Huang, Wenxuan, 2024. "Capital structure and corporate litigation," International Review of Economics & Finance, Elsevier, vol. 95(C).
    40. Papageorgiadis, Nikolaos & Procopiou, Andreas & Sofka, Wolfgang, 2023. "Unintended consequences of outcome based compensation – How CEO bonuses, stocks and stock options affect their firms' patent litigation," Research Policy, Elsevier, vol. 52(8).
    41. Feng, Xu & Hu, Mingya & Luo, Cong & Yao, Jiaquan & Zhang, Kunpeng, 2026. "Labor litigation and corporate cash holdings: Insights from the textual analysis of judicial documents," The British Accounting Review, Elsevier, vol. 58(2).
    42. Min Bai & Pamela Kent & Sujin Kim & Shan Li, 2025. "The role of accounting conservatism in corporate innovation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 1091-1127, June.
    43. Humphery-Jenner, Mark & Islam, Emdad & Nanda, Vikram & Rahman, Lubna, 2025. "Incentive contracting in the shadow of litigation risk: Evidence from universal demand laws," Journal of Banking & Finance, Elsevier, vol. 171(C).
    44. Byun, Seong K. & Oh, Jong-Min & Xia, Han, 2023. "R&D tax credits, technology spillovers, and firms' product convergence," Journal of Corporate Finance, Elsevier, vol. 80(C).
    45. Cui, Xin & Wang, Chunfeng & Ma, Tingting, 2025. "Bankruptcy reform and breakthrough innovation: Evidence from the quasi-experiment in China," Finance Research Letters, Elsevier, vol. 71(C).
    46. Islam, Emdad & Rahman, Lubna, 2023. "Shades of grey: Risk-related agency conflicts and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 83(C).
    47. Liu, Yanqi & Ke, Jinjun & Chen, Aihua & Cai, Xiang, 2025. "Judicial independence and corporate innovation: Evidence from China's unified management of local courts reform," International Review of Economics & Finance, Elsevier, vol. 102(C).
    48. Pham, Mia Hang & Merkoulova, Yulia & Veld, Chris, 2024. "Award-winning CEOs and corporate innovation," Journal of Banking & Finance, Elsevier, vol. 159(C).
    49. Hu, Jinjin & Huo, Dong & Wu, Delin & Yang, Chunhong, 2025. "The effect of corporate agglomeration networks on breakthrough innovation—Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 212(C).
    50. Greg Tindall & Rebel A. Cole & David Javakhadze, 2025. "Innovation Responds to Climate Change Proposals," Journal of Business Ethics, Springer, vol. 198(3), pages 509-536, May.
    51. Jiao, Anqi & Lu, Juntai, 2024. "Buffing firm innovation by lobbying," Journal of Corporate Finance, Elsevier, vol. 85(C).
    52. Alona Bilokha & Sudip Gupta, 2024. "Shareholder litigation rights and firm productivity," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 33(2), pages 65-90, May.
    53. Jiang, Hongxun & Fan, Shaokun & Zhang, Nan & Zhu, Bin, 2023. "Deep learning for predicting patent application outcome: The fusion of text and network embeddings," Journal of Informetrics, Elsevier, vol. 17(2).
    54. Unsal, Omer & Hippler, William J., 2024. "Corporate misconduct and innovation: Evidence from the pharmaceutical industry," Research in International Business and Finance, Elsevier, vol. 71(C).

  5. Tristan Fitzgerald & Benjamin Balsmeier & Lee Fleming & Gustavo Manso, 2021. "Innovation Search Strategy and Predictable Returns," Management Science, INFORMS, vol. 67(2), pages 1109-1137, February.

    Cited by:

    1. Yin, Libo & Xin, Yu, 2024. "China's cognitive bias premium: An exploration of innovation information," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    2. Sirin, Selahattin Murat, 2025. "The green transition and tech firms' financial performance: Insights from patent data," Global Finance Journal, Elsevier, vol. 65(C).
    3. Nezami, Mehdi & Vessal, Sara Rezaee & Shantia, Ali, 2025. "Effects of operations executives’ power on shareholder wealth," International Journal of Production Economics, Elsevier, vol. 284(C).
    4. Liu, Tong & Mao, Yifei & Tian, Xuan, 2023. "The role of human capital: Evidence from corporate innovation," Journal of Empirical Finance, Elsevier, vol. 74(C).
    5. Tang, Ning & Gao, Mengyao & Zhou, Yixun & Zhou, Fangzhao & Zhu, Jichen, 2024. "Firm-level productivity and stock return: New evidence from China," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    6. Tavneet Kaur & Khushdeep Dharni, 2026. "Stock price reaction to patent related news: a study of indian manufacturing sector," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 53(1), pages 151-165, March.
    7. Tseng, Kevin, 2022. "Learning from the Joneses: Technology spillover, innovation externality, and stock returns," Journal of Accounting and Economics, Elsevier, vol. 73(2).
    8. Tan, Youchao & Liu, Xiumei & Sun, Hanwen & Zeng, Cheng(Colin), 2022. "Population ageing, labour market rigidity and corporate innovation: Evidence from China," Research Policy, Elsevier, vol. 51(2).
    9. Zhang, Tianyu, 2022. "Independent directors and patenting strategies: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 81(C).
    10. Haochuan Cui & Tiewei Li & Cheng-Jun Wang, 2023. "Climbing up the ladder of abstraction: how to span the boundaries of knowledge space in the online knowledge market?," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-12, December.
    11. Raffaele Morandi Stagni & Andrea Fosfuri & Juan Santaló, 2021. "A bird in the hand is worth two in the bush: Technology search strategies and competition due to import penetration," Strategic Management Journal, Wiley Blackwell, vol. 42(8), pages 1516-1544, August.
    12. Luo, Yonggen & Wang, Deli & Hu, Shiyang, 2024. "Patent collateral and the trajectory of innovation," Pacific-Basin Finance Journal, Elsevier, vol. 84(C).
    13. Zhong, Xi & Chen, Weihong & Ren, Ge, 2022. "The effects of performance shortfalls on firms’ exploitation and exploration R&D internationalization decisions: Does industry environmental matter?," Technovation, Elsevier, vol. 112(C).
    14. Lee, Kyung Yul & Jung, Hyun Ju & Kwon, Youngsun, 2024. "Boundary-spanning technology search, product component reuse, and new product innovation: Evidence from the smartphone industry," Research Policy, Elsevier, vol. 53(4).
    15. Lindsay Baran & Arno Forst & M. Tony Via, 2023. "Dual‐class share structure and innovation," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(1), pages 169-202, February.
    16. Su, Ruixin & Shui, Xiaolong & Zhang, Minhao & Li, Si, 2024. "Too hot to be innovative: Examining the relationship between high temperatures and corporate green innovation," International Journal of Production Economics, Elsevier, vol. 274(C).
    17. Shu, Tao & Tian, Xuan & Zhan, Xintong, 2022. "Patent quality, firm value, and investor underreaction: Evidence from patent examiner busyness," Journal of Financial Economics, Elsevier, vol. 143(3), pages 1043-1069.
    18. Zhang, Jier & Yin, Libo, 2026. "Conservatism and silence: The clan premium," Pacific-Basin Finance Journal, Elsevier, vol. 96(C).
    19. Eric McKee & Yuanyang Liu & Gautam Pant & Shagun Pant, 2025. "Human capital migration networks and stock returns," Review of Financial Economics, John Wiley & Sons, vol. 43(3), pages 297-316, July.
    20. Lieberman, Paul & Mihov, Atanas & Naranjo, Andy & Velikov, Mihail, 2025. "Show me the receipts: B2B payment timeliness and expected returns," Journal of Financial Economics, Elsevier, vol. 172(C).
    21. Ahmed Baig & Hassan Anjum Butt & Abrar Fitwi & Joey Smith, 2021. "Does Innovation Explain the Skewness of Stock Returns?," American Business Review, Pompea College of Business, University of New Haven, vol. 24(2), pages 12-31.
    22. Dominika Kinga Randle & Gary Paul Pisano, 2021. "The Evolutionary Nature of Breakthrough Innovation: An Empirical Investigation of Firm Search Strategies," Strategy Science, INFORMS, vol. 6(4), pages 290-304, December.
    23. Chanho Cho & Timothy Mooney & Daewoung Choi & M. Tony Via, 2023. "Do married CEOs Foster more efficient innovation?," Review of Financial Economics, John Wiley & Sons, vol. 41(3), pages 242-268, July.
    24. Rajaiya, Harshit, 2023. "Innovation Success and Capital Structure," Journal of Corporate Finance, Elsevier, vol. 79(C).
    25. Stefano Baruffaldi & Markus Simeth & David Wehrheim, 2024. "Asymmetric Information and R&D Disclosure: Evidence from Scientific Publications," Management Science, INFORMS, vol. 70(2), pages 1052-1069, February.
    26. Steven Callander & Niko Matouschek, 2022. "The Novelty of Innovation: Competition, Disruption, and Antitrust Policy," Management Science, INFORMS, vol. 68(1), pages 37-51, January.
    27. Naihao Li & Ziyin Deng & Zijie Li, 2025. "Pay Dispersion and Firms’ Internationalization Strategy: Evidence from China," Management International Review, Springer, vol. 65(6), pages 1105-1136, December.
    28. Schwenkler, G. & Zheng, H., 2025. "News-driven peer co-movement in crypto markets," Journal of Corporate Finance, Elsevier, vol. 93(C).
    29. Wilbur Chen & Suraj Srinivasan, 2024. "Going digital: implications for firm value and performance," Review of Accounting Studies, Springer, vol. 29(2), pages 1619-1665, June.
    30. Yuan Ni & Jia Wang & Cui Li, 2022. "The Power of Sustainability in the “Black Swan” Event: Entrepreneurial Cognition of Top Management Team and Dual Business Model Innovation," Sustainability, MDPI, vol. 14(6), pages 1-22, March.
    31. Jeongsik “Jay” Lee & Hyun Ju Jung & Hyunwoo Park, 2023. "Rare is beautiful? Rareness, technology value, and the moderating role of search domain and knowledge maturity," Production and Operations Management, Production and Operations Management Society, vol. 32(4), pages 1019-1040, April.

  6. Hui Chen & Gustavo Manso, 2017. "Macroeconomic Risk and Debt Overhang," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 6(1), pages 1-38.

    Cited by:

    1. Tan, Yingxian & Pan, Zhihao & Wang, Rui & Wen, Chunhui, 2023. "Macroeconomic conditions and investment stimuli," The North American Journal of Economics and Finance, Elsevier, vol. 67(C).
    2. Gan, Liu & Xia, Xin & Xu, Wenyang & Zhang, Hai, 2024. "Convertible bond maturity and debt overhang," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    3. Xia, Xin & Gan, Liu, 2020. "SME financing with new credit guarantee contracts over the business cycle," International Review of Economics & Finance, Elsevier, vol. 69(C), pages 515-538.
    4. Ayyagari, Meghana & Demirgüç-Kunt, Asli & Maksimovic, Vojislav, 2021. "How common are credit-less recoveries? Firm-level evidence on the role of financial markets in crisis recovery," Journal of Corporate Finance, Elsevier, vol. 69(C).
    5. Jiang, Jiaxi & Li, Yichen & Luo, Pengfei, 2026. "Debt overhang and short-termism under incomplete markets," International Review of Financial Analysis, Elsevier, vol. 109(C).
    6. Yang, Bo & Gan, Liu & Wen, Chunhui, 2021. "Moral hazard, debt overhang and capital structure," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
    7. Bensoussan, Alain & Chevalier-Roignant, Benoît & Rivera, Alejandro, 2021. "Does performance-sensitive debt mitigate debt overhang?," Journal of Economic Dynamics and Control, Elsevier, vol. 131(C).
    8. Manso, Gustavo & Rivera, Alejandro & Wang, Hui (Grace) & Xia, Han, 2025. "Household debt overhang and human capital investment," Journal of Financial Economics, Elsevier, vol. 172(C).
    9. Chen, Hui & Xu, Yu & Yang, Jun, 2021. "Systematic risk, debt maturity, and the term structure of credit spreads," Journal of Financial Economics, Elsevier, vol. 139(3), pages 770-799.
    10. Alain Bensoussan & Benoit Chevalier-Roignant & Alejandro Rivera, 2021. "Does Performance-Sensitive Debt mitigate Debt Overhang?," Post-Print hal-03364891, HAL.
    11. Guthrie, Graeme, 2024. "Farm debt and the over-exploitation of natural capital," Resource and Energy Economics, Elsevier, vol. 77(C).
    12. Tak-Yuen Wong & Jin Yu, 2022. "Credit Default Swaps and Debt Overhang," Management Science, INFORMS, vol. 68(3), pages 2069-2097, March.
    13. Gan, Liu & Yang, Zhaojun, 2024. "Financial decisions involving credit default swaps over the business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 161(C).
    14. Yuan, Jun & Yang, Liuyong & Xu, Qi, 2025. "The real side of black swans: Tail risk and corporate investment," Journal of Banking & Finance, Elsevier, vol. 176(C).
    15. Gan, Liu & Xia, Xin & Zhang, Hai, 2022. "Debt structure and debt overhang," Journal of Corporate Finance, Elsevier, vol. 74(C).
    16. Flor, Christian Riis & Petersen, Kirstine Boye & Schandlbauer, Alexander, 2023. "Callable or convertible debt? The role of debt overhang and covenants," Journal of Corporate Finance, Elsevier, vol. 78(C).
    17. Brian Akins & David De Angelis & Maclean Gaulin, 2020. "Debt Contracting on Management," Journal of Finance, American Finance Association, vol. 75(4), pages 2095-2137, August.
    18. Grau-Vera, David & Rubio, Gonzalo & Sogorb-Mira, Francisco, 2025. "Time-varying risk aversion and capital Structure: An overlooked effect," International Review of Economics & Finance, Elsevier, vol. 102(C).

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    2. Huang, Hua & Tao, Yunqing & Wang, Xueping & Feng, Chen & Ye, Yongwei, 2023. "Do board reforms in parent firms boost subsidiaries’ innovation?," Economic Modelling, Elsevier, vol. 125(C).
    3. Xiankun Deng & Qingsong Hou & Jin Shen, 2024. "Can digital transformation reduce R&D investment disruption during the top executive transition period?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 1901-1926, June.
    4. Lööf, Hans, 2022. "What prevents spillovers from the pool of knowledge?," Working Paper Series in Economics and Institutions of Innovation 489, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    5. Muhammad Abrar-ul-haq, 2025. "Board Structure and Executive Compensation for R&D Spending in Innovative Companies Amid COVID-19," JRFM, MDPI, vol. 18(2), pages 1-18, February.
    6. Lo, Dic & Gao, Ling & Lin, Yuchen, 2022. "State ownership and innovations: Lessons from the mixed-ownership reforms of China's listed companies," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 302-314.
    7. Hickfang, Michael & Holder, Ulrike, 2018. "The impact of stock options on risk-taking: Founder-CEOs and innovation," Discussion Papers of the Institute for Organisational Economics 12/2018, University of Münster, Institute for Organisational Economics.
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    9. Xiangchao Hao & Qingbin Meng & Kaijuan Gao & Kam C. Chan, 2020. "The impact of initial public offerings on innovations: Short‐termism or initial governance force exit?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(6), pages 924-942, September.
    10. Attah-Boakye, Rexford & Adams, Kweku & Kimani, Danson & Ullah, Subhan, 2020. "The impact of board gender diversity and national culture on corporate innovation: A multi-country analysis of multinational corporations operating in emerging economies," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    11. Hu, Haiqing & Wei, Wei & Chang, Chun-Ping, 2022. "Examining the impact of extreme temperature on green innovation in China: Evidence from city-level data," Energy Economics, Elsevier, vol. 114(C).
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    13. Chindasombatcharoen, Pongsapak & Chatjuthamard, Pattanaporn & Jiraporn, Pornsit & Treepongkaruna, Sirimon, 2023. "Director age and corporate innovation: Evidence from textual analysis," Journal of Behavioral and Experimental Finance, Elsevier, vol. 37(C).
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    258. Chen Chen & Sudipto Dasgupta & Thanh D. Huynh & Ying Xia, 2023. "Product Market Competition and Corporate Relocations: Evidence from the Supply Chain," Management Science, INFORMS, vol. 69(9), pages 5147-5173, September.
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    Cited by:

    1. Anne Chwolka & Matthias G. Raith, 2023. "Overconfidence as a driver of entrepreneurial market entry decisions: a critical appraisal," Review of Managerial Science, Springer, vol. 17(3), pages 985-1016, April.
    2. Bracke, Philippe & Hilber, Christian A. L. & Silva, Olmo, 2018. "Mortgage debt and entrepreneurship," LSE Research Online Documents on Economics 84703, London School of Economics and Political Science, LSE Library.
    3. Alexander Konon & Alexander Kritikos, 2017. "Media and Occupational Choice," Discussion Papers of DIW Berlin 1683, DIW Berlin, German Institute for Economic Research.
    4. Melanie Koch & Lukas Menkhoff, 2025. "The non-linear impact of risk tolerance on entrepreneurial profit and business survival," Small Business Economics, Springer, vol. 64(4), pages 1643-1670, April.
    5. Gilles Chemla & Katrin Tinn, 2020. "Learning Through Crowdfunding," Management Science, INFORMS, vol. 66(5), pages 1783-1801, May.
    6. Emin M. Dinlersoz & Timothy Dunne & John Haltiwanger & Veronika Penciakova, 2023. "The Local Origins of Business Formation," FRB Atlanta Working Paper 2023-9, Federal Reserve Bank of Atlanta.
    7. Cui, Lijuan & Xu, Yekun, 2025. "Technological change and entrepreneurial activities: Evidence from China," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 330-346.
    8. Chila, Vilma & Devarakonda, Shivaram, 2024. "The effects of firm-specific incentives (stock options) on mobility and employee entrepreneurship," Journal of Business Venturing, Elsevier, vol. 39(3).
    9. Braunerhjelm, Pontus & Lappi, Emma, 2023. "Employees' entrepreneurial human capital and firm performance," Research Policy, Elsevier, vol. 52(2).
    10. Olav Sorenson & Michael S. Dahl & Rodrigo Canales & M. Diane Burton, 2021. "Do Startup Employees Earn More in the Long Run?," Organization Science, INFORMS, vol. 32(3), pages 587-604, May.
    11. Victor M. Bennett & Aaron K. Chatterji, 2023. "The entrepreneurial process: Evidence from a nationally representative survey," Strategic Management Journal, Wiley Blackwell, vol. 44(1), pages 86-116, January.
    12. Joaquin Garcia-Cabo & Rocio Madera, 2024. "Does Self-Employment Pay? The Role of Unemployment and Earnings Risk," CESifo Working Paper Series 11136, CESifo.
    13. Zellweger, Thomas & Zenger, Todd, 2022. "Entrepreneurs as scientists, Bayesian inference, and belief revision," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    14. Gustavo Manso, 2020. "Comment on Digitization and Its Consequences for Creative-Industry Product and Labor Markets," NBER Chapters, in: The Role of Innovation and Entrepreneurship in Economic Growth, pages 424-429, National Bureau of Economic Research, Inc.
    15. Haiyan Li & Salih Zeki Ozdemir & Peter A. Heslin, 2023. "Merely Folklore? The Role of a Growth Mindset in the Taking and Timing of Entrepreneurial Actions," Entrepreneurship Theory and Practice, , vol. 47(6), pages 2077-2120, November.
    16. Caliendo, Marco & Kritikos, Alexander S. & Rodriguez, Daniel & Stier, Claudia, 2023. "Self-Efficacy and Entrepreneurial Performance of Start-Ups," IZA Discussion Papers 15848, IZA Network @ LISER.
    17. Vladasel, Theodor & Lindquist, Matthew J. & Sol, Joeri & van Praag, Mirjam, 2021. "On the origins of entrepreneurship: Evidence from sibling correlations," Journal of Business Venturing, Elsevier, vol. 36(5).
    18. Louise Lindbjerg & Theodor Vladasel, 2022. "Hiring Entrepreneurs for Innovation," Working Papers 1309, Barcelona School of Economics.
    19. Sefa Awaworyi Churchill & Simon Chang & Russell Smyth & Trong-Anh Trinh, 2024. "The Long Run Gender Origins of Entrepreneurship: Evidence from Australia's Convict History," Monash Economics Working Papers 2024-11, Monash University, Department of Economics.
    20. Graham J. Abbott & Natee Amornsiripanitch & Paul Gompers & George Hu & Will Levinson & Vladimir Mukharlyamov, 2023. "Failing Just Fine: Assessing Careers of Venture Capital-backed Entrepreneurs via a Non-Wage Measure," Working Papers 23-17, Federal Reserve Bank of Philadelphia.
    21. Shen, Lingbo, 2022. "Essays on behavioral finance and corporate finance," Other publications TiSEM a9b98a25-a208-4ba6-9344-9, Tilburg University, School of Economics and Management.
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    23. Emin Dinlersoz & Yueyuan Ma, 2026. "Expectations versus Reality in Business Formation," Working Papers 26-11, Center for Economic Studies, U.S. Census Bureau.
    24. Amir Sariri, 2025. "The Economics of Advice: Evidence from Start-up Mentoring," Management Science, INFORMS, vol. 71(12), pages 10022-10046, December.
    25. Ando, Sakai, 2021. "Size-dependent policies and risky firm creation," Journal of Public Economics, Elsevier, vol. 197(C).
    26. Hossain, Md Mobarak & Fossen, Frank M. & Mukhopadhyay, Sankar, 2025. "An Estimated Model of Employer and Non-Employer Entrepreneurship," IZA Discussion Papers 18009, IZA Network @ LISER.
    27. Rubinstein, Yona & Levine, Ross, 2020. "Selection Into Entrepreneurship And Self-Employment," CEPR Discussion Papers 15143, Centre for Economic Policy Research.
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    29. Nicholas Litsardopoulos & George Saridakis & Yannis Georgellis & Chris Hand, 2023. "Self-employment experience effects on well-being: A longitudinal study," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 44(2), pages 454-480, May.
    30. Mercedes Gumbau-Albert, 2024. "Understanding the Impact of Intangible Capital on Entrepreneurship at the Regional Level," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 11063-11089, September.
    31. John M. Barrios & Yael V. Hochberg & Hanyi Yi, 2020. "Launching with a Parachute: The Gig Economy and New Business Formation," NBER Working Papers 27183, National Bureau of Economic Research, Inc.
    32. Sundriyal, Vivek Kumar & Gabrielsson, Jonas, 2024. "The employment consequences of founding an incorporated business among STEM founders: Evidence from Swedish microdata," Technovation, Elsevier, vol. 133(C).
    33. Hsu, Dan K. & Wiklund, Johan & Anderson, Stella E. & Coffey, Betty S., 2016. "Entrepreneurial exit intentions and the business-family interface," Journal of Business Venturing, Elsevier, vol. 31(6), pages 613-627.
    34. William F. Maloney & AndrÔøΩs Zambrano, 2022. "Learning to learn: Experimentation, entrepreneurial capital, and development," Documentos CEDE 19940, Universidad de los Andes, Facultad de Economía, CEDE.
    35. Patel, Pankaj C., 2025. "Look before you leap: Earnings gaps and elderly self-employment," Journal of Business Research, Elsevier, vol. 189(C).
    36. Amankwah-Amoah, Joseph & Hinson, Robert E. & Honyenuga, Ben & Lu, Yingfa, 2019. "Accounting for the transitions after entrepreneurial business failure: An emerging market perspective," Structural Change and Economic Dynamics, Elsevier, vol. 50(C), pages 148-158.
    37. Alexander Konon & Alexander Kritikos, 2018. "Prediction Based on Entrepreneurship-Prone Personality Profiles: Sometimes Worse Than the Toss of a Coin," Discussion Papers of DIW Berlin 1763, DIW Berlin, German Institute for Economic Research.
    38. Francesca Melillo, 2023. "Going From Entrepreneur Back to Employee: Employer Type, Task Variety, and Job Satisfaction," GREDEG Working Papers 2023-21, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    39. Eleanor Dillon & Christopher Stanton, 2018. "Self-Employment Dynamics and the Returns to Entrepreneurship," 2018 Meeting Papers 1261, Society for Economic Dynamics.
    40. Andrés Hincapié, 2020. "Entrepreneurship Over The Life Cycle: Where Are The Young Entrepreneurs?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(2), pages 617-681, May.
    41. Joelle Abramowitz & Andrew Joung, 2026. "Understanding Self-Employment Trajectories over the Life Course in the United States," NBER Chapters, in: The Changing Nature of Work, National Bureau of Economic Research, Inc.
    42. Schivardi, Fabiano & Michelacci, Claudio, 2017. "Are They All Like Bill, Mark, and Steve? The Education Premium for Entrepreneurs," CEPR Discussion Papers 12312, Centre for Economic Policy Research.
    43. Kim, J. Daniel, 2018. "Is there a startup wage premium? Evidence from MIT graduates," Research Policy, Elsevier, vol. 47(3), pages 637-649.
    44. Krishna, Pravin & Levchenko, Andrei A. & Ma, Lin & Maloney, William F., 2023. "Growth and risk: A view from international trade," Journal of International Economics, Elsevier, vol. 142(C).
    45. Wei Xiao & Mingqin Wu, 2021. "Life-cycle factors and entrepreneurship: evidence from rural China," Small Business Economics, Springer, vol. 57(4), pages 2017-2040, December.
    46. Adlah A. Alessa, 2018. "Entrepreneurial Self-efficacy and Intention: Saudi Perspective," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 8(1), pages 111-126, March.
    47. Canidio, Andrea, 2019. "Task Discretion, Labor Market Frictions and Entrepreneurship," CEPR Discussion Papers 13954, Centre for Economic Policy Research.
    48. Lin William Cong & Charles M. C. Lee & Yuanyu Qu & Tao Shen, 2021. "Financing Entrepreneurship and Innovation in China," Papers 2108.10982, arXiv.org.
    49. Elena-Loreni Baciu & Delia Vîrgă & Theofild-Andrei Lazăr, 2020. "What Characteristics Help Entrepreneurs ‘Make It’ Early on in Their Entrepreneurial Careers? Findings of a Regional Study from Romania," Sustainability, MDPI, vol. 12(12), pages 1-27, June.
    50. Pawel Adrjan, 2018. "Risky Business? Earnings Prospects of Employees at Young Firms," Economics Series Working Papers 852, University of Oxford, Department of Economics.
    51. Küsshauer, Alexander & Baum, Matthias, 2023. "The good, the bad and the uncertain: Employers' perceptions of former entrepreneurs," Journal of Business Venturing, Elsevier, vol. 38(2).
    52. Denes, Matthew & Lagaras, Spyridon & Tsoutsoura, Margarita, 2025. "Entrepreneurship and the gig economy: Evidence from U.S. tax returns," Journal of Financial Economics, Elsevier, vol. 173(C).
    53. Shahid, Pirzada Syed Rizwan, 2023. "Founder's Human Capital and the Entrepreneurial Process Duration," OSF Preprints yf6mg, Center for Open Science.
    54. Mahieu, Jeroen, 2020. "Creative Destruction? Local Business Conditions and the Earnings of Employees at Startups," MPRA Paper 98557, University Library of Munich, Germany.
    55. Tristan L. Botelho & Melody Chang, 2023. "The Evaluation of Founder Failure and Success by Hiring Firms: A Field Experiment," Organization Science, INFORMS, vol. 34(1), pages 484-508, January.
    56. Alina Sorgner & Michael Fritsch & Alexander Kritikos, 2017. "Do entrepreneurs really earn less?," Small Business Economics, Springer, vol. 49(2), pages 251-272, August.
    57. Kerr, Sari Pekkala & Kerr, William R. & Nanda, Ramana, 2022. "House prices, home equity and entrepreneurship: Evidence from U.S. census micro data," Journal of Monetary Economics, Elsevier, vol. 130(C), pages 103-119.
    58. Cooper Howes & Can Urgun & Mark Whitmeyer, 2026. "Delusions of Grandeur and Their Benefits (and Hazards)," Papers 2606.02306, arXiv.org.
    59. Sari Pekkala Kerr & William R. Kerr & Tina Xu, 2017. "Personality Traits of Entrepreneurs: A Review of Recent Literature," NBER Working Papers 24097, National Bureau of Economic Research, Inc.
    60. Levine, Ross & Rubinstein, Yona, 2017. "Smart and illicit: who becomes an entrepreneur and do they earn more?," LSE Research Online Documents on Economics 85971, London School of Economics and Political Science, LSE Library.
    61. Tiantian Yang & Aleksandra (Olenka) Kacperczyk & Lucia Naldi, 2024. "The Motherhood Wage Penalty and Female Entrepreneurship," Organization Science, INFORMS, vol. 35(1), pages 27-51, January.
    62. Kwon, Seok-Woo & Ruef, Martin, 2017. "The imprint of labor markets on entrepreneurial performance," Journal of Business Venturing, Elsevier, vol. 32(6), pages 611-626.
    63. Hyeonsuh Lee & Sonali K. Shah & Rajshree Agarwal, 2024. "Spinning an entrepreneurial career: Motivation, attribution, and the development of organizational capabilities," Strategic Management Journal, Wiley Blackwell, vol. 45(3), pages 463-506, March.
    64. Failla, Virgilio & Melillo, Francesca & Reichstein, Toke, 2017. "Entrepreneurship and employment stability — Job matching, labour market value, and personal commitment," Journal of Business Venturing, Elsevier, vol. 32(2), pages 162-177.
    65. Igor Asanov & Maria Mavlikeeva, 2025. "Is Self-employment a Career Trap? A Large-Scale Field Experiment in the Labor Market," MAGKS Papers on Economics 202513, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    66. Kathryn L. Shaw & Anders Sørensen, 2017. "The Productivity Advantage of Serial Entrepreneurs," NBER Working Papers 23320, National Bureau of Economic Research, Inc.
    67. Joshua L. Krieger, 2021. "Trials and Terminations: Learning from Competitors’ R&D Failures," Management Science, INFORMS, vol. 67(9), pages 5525-5548, September.
    68. Emin Dinlersoz & Timothy Dunne & John Haltiwanger & Veronika Penciakova, 2023. "The Local Origins of Business Formation: Entry as a Two-Stage Process," Working Papers 23-34, Center for Economic Studies, U.S. Census Bureau.
    69. Seok-Woo Kwon & Xiaoying Wang, 2026. "Entrepreneurial Career Trajectories: An Exploratory Life-Course Perspective," Entrepreneurship Theory and Practice, , vol. 50(4), pages 991-1024, July.
    70. Rishabh, Kumar, 2021. "Bank as a Venture Capitalist," Working papers 2021/09, Faculty of Business and Economics - University of Basel.
    71. de Bettignies, Jean-Etienne & Ries, John, 2023. "When less is more: Information and the financing of innovation," Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 346-369.
    72. Gendron-Carrier, Nicolas, 2023. "Prior Work Experience and Entrepreneurship: The Careers of Young Entrepreneurs," IZA Discussion Papers 16145, IZA Network @ LISER.
    73. Lauren Lanahan & Daniel Erian Armanios & Amol M. Joshi, 2022. "Inappropriateness Penalty, Desirability Premium: What Do More Certifications Actually Signal?," Organization Science, INFORMS, vol. 33(2), pages 854-871, March.
    74. Jeroen Mahieu & Francesca Melillo & Peter Thompson, 2022. "The long‐term consequences of entrepreneurship: Earnings trajectories of former entrepreneurs," Strategic Management Journal, Wiley Blackwell, vol. 43(2), pages 213-236, February.
    75. Aymeric Bellon & J. Anthony Cookson & Erik P. Gilje & Rawley Z. Heimer, 2020. "Personal Wealth and Self-Employment," NBER Working Papers 27452, National Bureau of Economic Research, Inc.
    76. Daniela Firoiu & Ramona Pîrvu & Elena Jianu & Laura Mariana Cismaș & Sorin Tudor & Gabriela Lățea, 2022. "Digital Performance in EU Member States in the Context of the Transition to a Climate Neutral Economy," Sustainability, MDPI, vol. 14(6), pages 1-22, March.
    77. Emma Lappi & Johan E. Eklund & Johan Klaesson, 2022. "Does education matter for the earnings of former entrepreneurs? Longitudinal evidence using entry and exit dynamics," Journal of Evolutionary Economics, Springer, vol. 32(3), pages 827-865, July.
    78. Lindquist, Matthew J. & Vladasel, Theodor, 2025. "Are entrepreneurs more upwardly mobile?," Journal of Business Venturing, Elsevier, vol. 40(4).
    79. Elizabeth Mishkin, 2021. "Gender and Sibling Dynamics in the Intergenerational Transmission of Entrepreneurship," Management Science, INFORMS, vol. 67(10), pages 6116-6135, October.
    80. Emma Lappi, 2023. "Help from the past—coworker ties and entry wages after self-employment," Small Business Economics, Springer, vol. 60(3), pages 1171-1196, March.
    81. Michael J. Andrews & Aaron K. Chatterji & Scott Stern, 2021. "Introduction: Beyond 140 Characters," NBER Chapters, in: The Role of Innovation and Entrepreneurship in Economic Growth, pages 1-28, National Bureau of Economic Research, Inc.
    82. Koch, Michael & Park, Sarah & Zahra, Shaker A., 2021. "Career patterns in self-employment and career success," Journal of Business Venturing, Elsevier, vol. 36(1).
    83. Merida, Adrian L. & Rocha, Vera, 2021. "It's about time: The timing of entrepreneurial experience and the career dynamics of university graduates," Research Policy, Elsevier, vol. 50(1).
    84. Milan Miric & Pai-Ling Yin & Daniel C. Fehder, 2023. "Population-Level Evidence of the Gender Gap in Technology Entrepreneurship," Strategy Science, INFORMS, vol. 8(1), pages 62-84, March.
    85. Sabrina T. Howell, 2017. "Reducing Information Frictions in Venture Capital: The Role of New Venture Competitions," NBER Working Papers 23874, National Bureau of Economic Research, Inc.
    86. Shan, Hongyu, 2025. "Corporate venture capital and the boundaries of the firm11For comments and suggestions, I thank Jan Bena (discussant), Thomas Chemmanur, Thomas Hellmann (discussant), Joel Houston, Jongsub Lee, Josh Lerner, Jiasun Li, Tse-Chun Lin, Liangfei Qiu, Song," Journal of Business Venturing, Elsevier, vol. 40(4).
    87. Alexander Konon & Alexander Kritikos, 2018. "Prediction Based on Entrepreneurship-Prone Personality Profiles: Sometimes Worse Than the Toss of a Coin," SOEPpapers on Multidisciplinary Panel Data Research 1012, DIW Berlin, The German Socio-Economic Panel (SOEP).
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    89. Caliendo, Marco & Fossen, Frank M. & Kritikos, Alexander S., 2022. "Personality characteristics and the decision to hire," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 31(3), pages 736-761.
    90. Ida Ketut Kusumawijaya, 2019. "Predicting the Unseen: Entrepreneurial Opportunity on Entrepreneurial Intention," International Review of Management and Marketing, International Review of Management and Marketing, vol. 9(5), pages 141-149.
    91. Nam Kyoon N. Kim & Simon C. Parker, 2021. "Entrepreneurial homeworkers," Small Business Economics, Springer, vol. 57(3), pages 1427-1451, October.
    92. Felipe Balmaceda, 2018. "Entrepreneurship: skills and financing," Small Business Economics, Springer, vol. 50(4), pages 871-886, April.
    93. Sumit Agarwal & Tien Foo Sing & Changcheng Song & Jian Zhang, 2024. "Liberalizing Home-Based Business," Management Science, INFORMS, vol. 70(12), pages 8301-8321, December.
    94. Catherine, Sylvain, 2022. "Keeping options open: What motivates entrepreneurs?," Journal of Financial Economics, Elsevier, vol. 144(1), pages 1-21.

  9. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2015. "Reprint of: Information percolation in segmented markets," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 838-869.

    Cited by:

    1. Marco Di Maggio & Mark L. Egan & Francesco Franzoni, 2019. "The Value of Intermediation in the Stock Market," NBER Working Papers 26147, National Bureau of Economic Research, Inc.
    2. Franzoni, Francesco & Di Maggio, Marco & Egan, Mark, 2019. "The Value of Intermediation in the Stock Market," CEPR Discussion Papers 13936, Centre for Economic Policy Research.
    3. Di Maggio, Marco & Egan, Mark & Franzoni, Francesco, 2022. "The value of intermediation in the stock market," Journal of Financial Economics, Elsevier, vol. 145(2), pages 208-233.
    4. Tatiana Ponomarenko & Eugene Marin & Sergey Galevskiy, 2022. "Economic Evaluation of Oil and Gas Projects: Justification of Engineering Solutions in the Implementation of Field Development Projects," Energies, MDPI, vol. 15(9), pages 1-22, April.
    5. Lewis, Kurt F. & Longstaff, Francis A. & Petrasek, Lubomir, 2021. "Asset mispricing," Journal of Financial Economics, Elsevier, vol. 141(3), pages 981-1006.
    6. Cujean, Julien, 2018. "Idea Sharing and the Performance of Mutual Funds," CEPR Discussion Papers 13111, Centre for Economic Policy Research.
    7. Ruiz-Buforn, Alba & Alfarano, Simone & Camacho-Cuena, Eva, 2019. "Price distortions and public information: theory, experiments and simulations," MPRA Paper 93288, University Library of Munich, Germany.
    8. Kurt F. Lewis & Francis A. Longstaff & Lubomir Petrasek, 2017. "Asset Mispricing," NBER Working Papers 23231, National Bureau of Economic Research, Inc.
    9. Carlos Canon & Eddie Gerba & Jozef Barunik, 2026. "When David becomes Goliath: Repo dealer-driven bond mispricing," Papers 2603.10690, arXiv.org.

  10. Daniel Ferreira & Gustavo Manso & André C. Silva, 2014. "Incentives to Innovate and the Decision to Go Public or Private," The Review of Financial Studies, Society for Financial Studies, vol. 27(1), pages 256-300, January.
    See citations under working paper version above.
  11. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2014. "Information percolation in segmented markets," Journal of Economic Theory, Elsevier, vol. 153(C), pages 1-32.
    See citations under working paper version above.
  12. Pierre Azoulay & Joshua S. Graff Zivin & Gustavo Manso, 2013. "National Institutes of Health Peer Review: Challenges and Avenues for Reform," Innovation Policy and the Economy, University of Chicago Press, vol. 13(1), pages 1-22.

    Cited by:

    1. Margaret K. Kyle, 2019. "The Alignment of Innovation Policy and Social Welfare: Evidence from Pharmaceuticals," NBER Chapters, in: Innovation Policy and the Economy, Volume 20, pages 95-123, National Bureau of Economic Research, Inc.
    2. Ginther, Donna K. & Heggeness, Misty L., 2020. "Administrative discretion in scientific funding: Evidence from a prestigious postdoctoral training program✰," Research Policy, Elsevier, vol. 49(4).
    3. Donna K. Ginther & Misty L. Heggeness, 2020. "Administrative Discretion in Scientific Funding: Evidence from a Prestigious Postdoctoral Training Program," NBER Working Papers 26841, National Bureau of Economic Research, Inc.
    4. Azoulay, Pierre & Heggeness, Misty & Kao, Jennifer, 2025. "Medical research and health care finance: Evidence from Academic Medical Centers," Research Policy, Elsevier, vol. 54(2).

  13. Manso, Gustavo, 2013. "Feedback effects of credit ratings," Journal of Financial Economics, Elsevier, vol. 109(2), pages 535-548.

    Cited by:

    1. Vivian M. van Breemen & Frank J. Fabozzi & Dennis Vink, 2023. "Intensified Competition and The Impact on Credit Ratings in the RMBS market," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 32(2), pages 51-86, May.
    2. Grace Weishi Gu & Zachary R. Stangebye, 2023. "Costly Information And Sovereign Risk," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(4), pages 1397-1429, November.
    3. Wei Tian & Xiangyun Zhou & Yixiang Tian & Wei Meng, 2020. "Short-term competition and long-term convergence between domestic and global rating agencies: Evidence from China," PLOS ONE, Public Library of Science, vol. 15(5), pages 1-15, May.
    4. Kraft, Pepa, 2015. "Do rating agencies cater? Evidence from rating-based contracts," Journal of Accounting and Economics, Elsevier, vol. 59(2), pages 264-283.
    5. Burke, M. & Mohaddes, K & Raissi, M., 2026. "The Adaptation Imperative: Climate Change and Sovereign Credit Risk," Cambridge Working Papers in Economics 2608, Faculty of Economics, University of Cambridge.
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    45. Kamran Ahmed Siddiqui & Ishtiaq Ahmed Bajwa & Faisal Al-Hudithi & Tarig Eltayeb & Asma Khatoon & Suliman Bawardi, 2021. "Entrepreneurs' opinion towards credit rating in Saudi Arabia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(2), pages 186-197, December.
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    57. Shih, Yi-Cheng & Wang, Yao & Zhong, Rui & Ma, Yi-Ming, 2021. "Corporate environmental responsibility and default risk: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
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  14. Bruce Ian Carlin & Simon Gervais & Gustavo Manso, 2013. "Libertarian Paternalism, Information Production, and Financial Decision Making," The Review of Financial Studies, Society for Financial Studies, vol. 26(9), pages 2204-2228.

    Cited by:

    1. Butt, Adam & Donald, M. Scott & Foster, F. Douglas & Thorp, Susan & Warren, Geoffrey J., 2018. "One size fits all? Tailoring retirement plan defaults," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 546-566.
    2. Binder, Martin & Lades, Leonhard K, 2014. "Autonomy-enhancing paternalism," SIRE Discussion Papers 2015-02, Scottish Institute for Research in Economics (SIRE).
    3. Conrado Cuevas & Dan Bernhardt & Mario Sanclemente, 2023. "Followers of the pied piper of pensioners," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(4), pages 1517-1550, November.
    4. Jonathan D. Ketcham & Nicolai V. Kuminoff & Christopher A. Powers, 2016. "Estimating the Heterogeneous Welfare Effects of Choice Architecture: An Application to the Medicare Prescription Drug Insurance Market," NBER Working Papers 22732, National Bureau of Economic Research, Inc.
    5. Sandro Ambuehl & B. Douglas Bernheim & Axel Ockenfels, 2019. "Projective Paternalism," CESifo Working Paper Series 7762, CESifo.
    6. Asen Ivanov, 2021. "Optimal pension plan default policies when employees are biased," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(3), pages 583-596, June.
    7. Mitchell, O.S. & Piggott, J., 2016. "Workplace-Linked Pensions for an Aging Demographic," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 865-904, Elsevier.
    8. Alexander K. Koch & Dan Mønster & Julia Nafziger, 2023. "Nudging in complex environments," Economics Working Papers 2023-06, Department of Economics and Business Economics, Aarhus University.
    9. Thorp, S. & Bateman, H. & Dobrescu, L.I. & Newell, B.R. & Ortmann, A., 2020. "Flicking the switch: Simplifying disclosure to improve retirement plan choices," Journal of Banking & Finance, Elsevier, vol. 121(C).
    10. Gebhard Kirchgässner, 2014. "Soft Paternalism, Merit Goods, and Normative Individualism," CESifo Working Paper Series 4688, CESifo.
    11. Altmann, Steffen & Grunewald, Andreas & Radbruch, Jonas, 2019. "Passive Choices and Cognitive Spillovers," IZA Discussion Papers 12337, IZA Network @ LISER.
    12. Asen Ivanov, 2018. "Optimal Default Policies in Defined Contribution Pension Plans when Employees are Biased," Working Papers 858, Queen Mary University of London, School of Economics and Finance.
    13. Wagner, Valentin, 2022. "Heterogeneous effects of grade framing," Labour Economics, Elsevier, vol. 74(C).
    14. John Chalmers & Olivia S. Mitchell & Jonathan Reuter & Mingli Zhong, 2021. "Auto-Enrollment Retirement Plans in OregonSaves," Working Papers wp425, University of Michigan, Michigan Retirement Research Center.
    15. John Chalmers & Olivia S. Mitchell & Jonathan Reuter & Mingli Zhong, 2021. "Auto-Enrollment Retirement Plans for the People: Choices and Outcomes in OregonSaves," NBER Working Papers 28469, National Bureau of Economic Research, Inc.
    16. Brown, Jeffrey R. & Farrell, Anne M. & Weisbenner, Scott J., 2016. "Decision-making approaches and the propensity to default: Evidence and implications," Journal of Financial Economics, Elsevier, vol. 121(3), pages 477-495.
    17. Paula-Elena DIACON, 2015. "Some Psychological Causes Of The Financial Crisis," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(2), pages 276-287, August.
    18. Tse, Alan & Friesen, Lana & Kalaycı, Kenan, 2016. "Complexity and asset legitimacy in retirement investment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 60(C), pages 35-48.

  15. Florian Ederer & Gustavo Manso, 2013. "Is Pay for Performance Detrimental to Innovation?," Management Science, INFORMS, vol. 59(7), pages 1496-1513, July.
    See citations under working paper version above.
  16. Alex Edmans & Gustavo Manso, 2011. "Governance Through Trading and Intervention: A Theory of Multiple Blockholders," The Review of Financial Studies, Society for Financial Studies, vol. 24(7), pages 2395-2428.

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    1. Talat Mehmood Khan & Naiping Zhu, 2025. "How social and environmental investments attract and repel foreign investors: Insights on shareholder and stakeholder engagement," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(2), pages 2996-3007, April.
    2. Burkart, Mike & Dasgupta, Amil, 2015. "Activist funds, leverage, and procyclicality," LSE Research Online Documents on Economics 65095, London School of Economics and Political Science, LSE Library.
    3. Jiao, Jie & Tong, Lin & Yan, An, 2025. "Trading for good: How active mutual funds influence corporate social responsibility through stock trading," Journal of Banking & Finance, Elsevier, vol. 178(C).
    4. Aguilera, Ruth & Bermejo, Vicente & Capapé, Javier & Cuñat, Vicente, 2021. "The systemic governance influence of universal owners: evidence from an expectation document," LSE Research Online Documents on Economics 118899, London School of Economics and Political Science, LSE Library.
    5. Brogaard, Jonathan & Li, Dan & Xia, Ying, 2017. "Stock liquidity and default risk," Journal of Financial Economics, Elsevier, vol. 124(3), pages 486-502.
    6. Hao Xue, 2025. "Investors’ information acquisition and the manager’s value-risk tradeoff," Review of Accounting Studies, Springer, vol. 30(1), pages 776-812, March.
    7. Rogers Ondiba Ochenge & Rose Ngugi & Peter Muriu & David McMillan, 2020. "Foreign equity flows and stock market liquidity in Kenya," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1781503-178, January.
    8. Melise Jaud & Madina Kukenova & Martin Strieborny, 2021. "Stock Market Liberalizations and Export Dynamics," Working Papers 2021_15, Business School - Economics, University of Glasgow.
    9. Ben-Nasr, Hamdi & Boubaker, Sabri & Rouatbi, Wael, 2015. "Ownership structure, control contestability, and corporate debt maturity," Journal of Corporate Finance, Elsevier, vol. 35(C), pages 265-285.
    10. Pombo, Carlos & Taborda, Rodrigo, 2017. "Stock liquidity and second blockholder as drivers of corporate value: Evidence from Latin America," International Review of Economics & Finance, Elsevier, vol. 51(C), pages 214-234.
    11. Huang, Xiaoran & Kang, Weilong, 2024. "Interdependence of heterogeneous blockholders: Evidence from China," Finance Research Letters, Elsevier, vol. 69(PB).
    12. Liu, Benjamin & Johl, Shireenjit & Lasantha, Ruwan, 2023. "ESG scores and cash holdings: The role of disciplinary trading," Finance Research Letters, Elsevier, vol. 55(PA).
    13. Mamatzakis, Emmanuel & Zhang, Xiaoxiang & Wang, Chaoke, 2016. "Invisible hand discipline from informed trading: Does market discipline from trading affect bank capital structure?," MPRA Paper 76215, University Library of Munich, Germany.
    14. Wei Wang & Shi Liang & Ruichao Yu & Yumin Su, 2022. "Theoretical Evidence for Green Innovation Driven by Multiple Major Shareholders: Empirical Evidence from Chinese Listed Companies," Sustainability, MDPI, vol. 14(8), pages 1-18, April.
    15. Ren, Xingzi & Dong, Yizhe & Guo, Jie Michael & Liu, Yaodong, 2023. "Institutional ownership and corporate greenhouse gas emissions: The evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    16. Dasgupta, Amil & Fos, Vyacheslav & Sautner, Zacharias, 2021. "Institutional investors and corporate governance," LSE Research Online Documents on Economics 112114, London School of Economics and Political Science, LSE Library.
    17. Wang, Yolanda Yulong & Yi, Long, 2025. "Takeover threats, institutional ownership, and investment efficiency," International Review of Economics & Finance, Elsevier, vol. 102(C).
    18. Vladimirov, Vladimir & Terovitis, Spyros, 2020. "How Financial Markets Create Superstars," CEPR Discussion Papers 15546, Centre for Economic Policy Research.
    19. JOSEPH A. McCAHERY & ZACHARIAS SAUTNER & LAURA T. STARKS, 2016. "Behind the Scenes: The Corporate Governance Preferences of Institutional Investors," Journal of Finance, American Finance Association, vol. 71(6), pages 2905-2932, December.
    20. Mina Glambosky & Surendranath Jory & Tapas Mishra & Thanh Ngo, 2025. "Institutional ownership and firm performance by life-cycle stage," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 39(3), pages 365-413, September.
    21. Jung, Hail & Choi, Sanghak, 2021. "The effects of employee stock ownership on stock liquidity: Evidence from the Korean market," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
    22. Kishk, Israa & Rao-Nicholson, Rekha, 2025. "Corporate ownership types and internationalization strategies: The moderating role of home country capitalism," International Business Review, Elsevier, vol. 34(6).
    23. Jiang, Fuxiu & Shen, Yanyan & Cai, Xinni, 2022. "Can multiple blockholders restrain corporate financialization?," Pacific-Basin Finance Journal, Elsevier, vol. 75(C).
    24. Doruk Cetemen & Gonzalo Cisternas & Aaron Kolb & S Viswanathan, 2022. "Leader-Follower Dynamics in Shareholder Activism," Staff Reports 1030, Federal Reserve Bank of New York.
    25. Fan, Yaoyao & Ly, Kim Cuong & Jiang, Yuxiang, 2023. "Institutional investor networks and firm innovation: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 89(C).
    26. Vo, Xuan Vinh, 2015. "Foreign ownership and stock return volatility – Evidence from Vietnam," Journal of Multinational Financial Management, Elsevier, vol. 30(C), pages 101-109.
    27. Crane, Alan D. & Koch, Andrew & Michenaud, Sébastien, 2019. "Institutional investor cliques and governance," Journal of Financial Economics, Elsevier, vol. 133(1), pages 175-197.
    28. Doron Levit & Nadya Malenko & Ernst Maug, 2024. "Trading and Shareholder Democracy," Journal of Finance, American Finance Association, vol. 79(1), pages 257-304, February.
    29. Carlos Pombo & Cristian Pinto-Gutierrez & Mauricio Jara-BetÔøΩn, 2022. "Multiple large shareholder coalitions, institutional ownership and investment decisions: Evidence from cross-border deals in Latin America," Documentos CEDE 20333, Universidad de los Andes, Facultad de Economía, CEDE.
    30. Tristan Auvray & Olivier Brossard, 2013. "French connection: interlocking directorates and the ownership-control nexus in an insider governance system," Working Papers hal-00842582, HAL.
    31. Firth, Michael & Gao, Jin & Shen, Jianghua & Zhang, Yuanyuan, 2016. "Institutional stock ownership and firms’ cash dividend policies: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 65(C), pages 91-107.
    32. Kai Wang & Lihong Wang, 2025. "Do non‐controlling blockholders with common ownership monitor controlling shareholders effectively? Evidence from China," International Review of Finance, International Review of Finance Ltd., vol. 25(1), March.
    33. Rong Ran & Xiaoran Yang & Yejing Chen & Jie Zhang & Yijia Xia, 2026. "The Impact of Non‐Market Strategic Integration on Green Innovation: The Moderating Effect of Shareholding Structure," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 35(2), pages 1072-1098, April.
    34. Najah Attig & Sadok El Ghoul & Omrane Guedhami & Sorin Rizeanu, 2013. "The governance role of multiple large shareholders: evidence from the valuation of cash holdings," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(2), pages 419-451, May.
    35. Maria Camila De-La-Hoz & Carlos Pombo, 2015. "Institutional Investors and Firm Valuation: Evidence from Latin America," Documentos CEDE 12849, Universidad de los Andes, Facultad de Economía, CEDE.
    36. Ren, Xingzi & Xu, Zelin & Lei, Chengyao, 2025. "Institutional blockholder, exit threats, and firms CSR performance," International Review of Economics & Finance, Elsevier, vol. 98(C).
    37. Jonathan B. Cohn & Umit G. Gurun & Rabih Moussawi, 2020. "A project‐level analysis of value creation in firms," Financial Management, Financial Management Association International, vol. 49(2), pages 423-446, June.
    38. Aysan, Ahmet F. & Disli, Mustafa & Duygun, Meryem & Ozturk, Huseyin, 2018. "Religiosity versus rationality: Depositor behavior in Islamic and conventional banks," Journal of Comparative Economics, Elsevier, vol. 46(1), pages 1-19.
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    7. Sarkar, Sudipto & Zhang, Chuanqian, 2015. "Underinvestment and the design of performance-sensitive debt," International Review of Economics & Finance, Elsevier, vol. 37(C), pages 240-253.
    8. Martellini, Lionel & Milhau, Vincent & Tarelli, Andrea, 2018. "Capital structure decisions and the optimal design of corporate market debt prograams," Journal of Corporate Finance, Elsevier, vol. 49(C), pages 141-167.
    9. Mayer, Chris & Piskorski, Tomasz & Tchistyi, Alexei, 2013. "The inefficiency of refinancing: Why prepayment penalties are good for risky borrowers," Journal of Financial Economics, Elsevier, vol. 107(3), pages 694-714.
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    17. Ming, Lei & Yang, Shenggang & Song, Dandan, 2018. "Valuation and analysis of performance sensitive debt with contingent convertibility," International Review of Economics & Finance, Elsevier, vol. 53(C), pages 98-108.
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    23. Lin, Luca X. & Zhang, Xiaoyu, 2025. "Happily ever after? Lender diversification and performance sensitivity in post-IPO loans," Journal of Corporate Finance, Elsevier, vol. 92(C).
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    26. Erwan Pierre & Stéphane Villeneuve & Xavier Warin, 2016. "Liquidity management with decreasing returns to scale and secured credit line," Finance and Stochastics, Springer, vol. 20(4), pages 809-854, October.
    27. Adam, Tim R. & Streitz, Daniel, 2014. "Hold-Up and the Use of Performance-Sensitive Debt," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 476, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    28. Duffie, Darrell, 2005. "Credit risk modeling with affine processes," Journal of Banking & Finance, Elsevier, vol. 29(11), pages 2751-2802, November.
    29. Liu, Bo & Xia, Xin & Yang, Jinqiang, 2017. "Financing constraints and the use of performance-sensitive debt," The North American Journal of Economics and Finance, Elsevier, vol. 40(C), pages 73-84.
    30. John K. -H Quah & Bruno Strulovici, 2009. "Discounting and Patience in Optimal Stopping and Control Problems," Discussion Papers 1480, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    31. Pierre, Erwan & Villeneuve, Stéphane & Warin, Xavier, 2014. "Liquidity Management with Decreasing-returns-to-scale and Secured Credit Line," TSE Working Papers 14-542, Toulouse School of Economics (TSE), revised Jun 2016.
    32. Jorge Cruz Lopez & Alfredo Ibanez, 2020. "European Puts, Credit Protection, and Endogenous Default," University of Western Ontario, Departmental Research Report Series 20205, University of Western Ontario, Department of Economics.
    33. Stefano Lovo & Philippe Raimbourg & Federica Salvadè, 2022. "Credit rating agencies, information asymmetry and US bond liquidity," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(9-10), pages 1863-1896, October.
    34. Myklebust, Tor Åge, 2012. "Performance Sensitive Debt - Investment and Financing Incentives," Discussion Papers 2012/7, Norwegian School of Economics, Department of Business and Management Science.
    35. Miao, Zixia & Huang, Yiping & Lv, Yingyi, 2025. "Corporate short-termism and the use of performance-sensitive debt," Finance Research Letters, Elsevier, vol. 75(C).
    36. Abel Elizalde, 2006. "Credit Risk Models II: Structural Models," Working Papers wp2006_0606, CEMFI.
    37. Isin, Adnan Anil, 2018. "Tax avoidance and cost of debt: The case for loan-specific risk mitigation and public debt financing," Journal of Corporate Finance, Elsevier, vol. 49(C), pages 344-378.
    38. Felix Fie{ss}inger & Mitja Stadje, 2025. "Optimal Capital Structure for Life Insurance Companies Offering Surplus Participation," Papers 2504.12851, arXiv.org, revised Sep 2026.
    39. Bensoussan, Alain & Chevalier-Roignant, Benoît & Rivera, Alejandro, 2021. "Does performance-sensitive debt mitigate debt overhang?," Journal of Economic Dynamics and Control, Elsevier, vol. 131(C).
    40. Manso, Gustavo & Rivera, Alejandro & Wang, Hui (Grace) & Xia, Han, 2025. "Household debt overhang and human capital investment," Journal of Financial Economics, Elsevier, vol. 172(C).
    41. Berg, Tobias & Saunders, Anthony & Steffen, Sascha, 2016. "The total costs of corporate borrowing in the loan market: Don't ignore the fees," ZEW Discussion Papers 16-017, ZEW - Leibniz Centre for European Economic Research.
    42. Berg, Tobias & Saunders, Anthony & Steffen, Sascha, 2015. "The Total Costs of Corporate Borrowing in the Loan Market: Don’t Ignore the Fees," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 489, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    43. Kraft, Pepa & Xie, Yuan & Zhou, Ling, 2020. "The intraday timing of rating changes," Journal of Corporate Finance, Elsevier, vol. 60(C).
    44. Alain Bensoussan & Benoit Chevalier-Roignant & Alejandro Rivera, 2021. "Does Performance-Sensitive Debt mitigate Debt Overhang?," Post-Print hal-03364891, HAL.
    45. Lando, David & Mortensen, Allan, 2004. "On the Pricing of Step-Up Bonds in the European Telecom Sector," Working Papers 2004-9, Copenhagen Business School, Department of Finance.
    46. Kjenstad, Einar & Su, Xunhua, 2012. "Product Market Predatory Threats and the Use of Performance-sensitive Debt," MPRA Paper 44114, University Library of Munich, Germany.
    47. Lee, Edward & Pappas, Kostas & Xu, Alice Liang, 2020. "Foreign Lenders’ adoption of performance pricing provisions in syndicated loans," Journal of Banking & Finance, Elsevier, vol. 118(C).
    48. Pierre, Erwan & Villeneuve, Stéphane & Warin, Xavier, 2014. "Capital Investment and Liquidity Management with collateralized debt," IDEI Working Papers 841, Institut d'Économie Industrielle (IDEI), Toulouse.
    49. Yao, Yanming & Luo, Pengfei, 2022. "Cash management and risk-taking incentives with performance-sensitive debt under stochastic financing conditions," Finance Research Letters, Elsevier, vol. 49(C).
    50. Chongyang Chen & Robert Kieschnick, 2024. "Bank competition and the design of syndicated loans," The Financial Review, Eastern Finance Association, vol. 59(1), pages 227-251, February.
    51. Duran, Miguel A., 2017. "Pricing and usage: An empirical analysis of lines of credit," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 50(C), pages 219-234.
    52. Miguel A. Duran, 2024. "The Risk-Return Relation in the Corporate Loan Market," Papers 2401.12315, arXiv.org.
    53. Kyungha (Kari) Lee & Stefan F. Schantl, 2019. "Financial Reporting and Credit Ratings: On the Effects of Competition in the Rating Industry and Rating Agencies' Gatekeeper Role," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 57(2), pages 545-600, May.
    54. Gustavo Manso, 2011. "Feedback Effects of Credit Ratings," 2011 Meeting Papers 1338, Society for Economic Dynamics.
    55. Kostas Pappas & Alice Liang Xu, 2023. "Do foreign lenders' national cultures affect loan pricing?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 2006-2036, April.
    56. Koziol, Christian & Lawrenz, Jochen, 2010. "Optimal design of rating-trigger step-up bonds: Agency conflicts versus asymmetric information," Journal of Corporate Finance, Elsevier, vol. 16(2), pages 182-204, April.
    57. Dwight Jaffee & Alexei Tchistyi & Boris Albul, 2013. "Contingent Convertible Bonds and Capital Structure Decisions," 2013 Meeting Papers 682, Society for Economic Dynamics.
    58. Erwan Pierre & St'ephane Villeneuve & Xavier Warin, 2014. "Liquidity Management with Decreasing-returns-to-scale and Secured Credit Line," Papers 1411.7670, arXiv.org, revised Nov 2015.
    59. Christopher J. Mayer & Tomasz Piskorski & Alexei Tchistyi, 2010. "The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers," NBER Working Papers 16586, National Bureau of Economic Research, Inc.
    60. Chaigneau, Pierre & Edmans, Alex & Gottlieb, Daniel, 2018. "Does improved information improve incentives?," LSE Research Online Documents on Economics 102227, London School of Economics and Political Science, LSE Library.
    61. John Quah & Bruno Strulovici, 2011. "Discounting, Patience, and Dynamic Decision Making," Economics Series Working Papers 555, University of Oxford, Department of Economics.
    62. Zhang, Xueying & Feng, Chao & Walker, Thomas & Barabanov, Sergey, 2025. "Restrictive bond covenants: Evidence from family firms in China," Pacific-Basin Finance Journal, Elsevier, vol. 89(C).

  21. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2010. "The relative contributions of private information sharing and public information releases to information aggregation," Journal of Economic Theory, Elsevier, vol. 145(4), pages 1574-1601, July.
    See citations under working paper version above.
  22. Darrell Duffie & Gaston Giroux & Gustavo Manso, 2010. "Information Percolation," American Economic Journal: Microeconomics, American Economic Association, vol. 2(1), pages 100-111, February.
    See citations under working paper version above.
  23. Darrell Duffie & Semyon Malamud & Gustavo Manso, 2009. "Information Percolation With Equilibrium Search Dynamics," Econometrica, Econometric Society, vol. 77(5), pages 1513-1574, September.
    See citations under working paper version above.
  24. Gustavo Manso, 2008. "Investment Reversibility and Agency Cost of Debt," Econometrica, Econometric Society, vol. 76(2), pages 437-442, March.

    Cited by:

    1. Pattanaporn Chatjuthamard & Viput Ongsakul & Pornsit Jiraporn, 2022. "Do hostile takeover threats matter? Evidence from credit ratings," PLOS ONE, Public Library of Science, vol. 17(1), pages 1-20, January.
    2. Décamps, Jean-Paul & Gryglewicz, S. & Morellec, E. & Villeneuve, Stéphane, 2015. "Corporate Policies with Temporary and Permanent Shocks," TSE Working Papers 15-552, Toulouse School of Economics (TSE), revised 15 Jun 2016.
    3. Hui Chen & Gustavo Manso, 2017. "Macroeconomic Risk and Debt Overhang," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 6(1), pages 1-38.
    4. I. Sebastian Buhai, 2025. "Real Option AI: Reversibility, Silence, and the Release Ladder," Papers 2511.16958, arXiv.org.
    5. Priyank Gandhi, 2018. "The relation between bank credit growth and the expected returns of bank stocks," European Financial Management, European Financial Management Association, vol. 24(4), pages 610-649, September.
    6. Simon Gilchrist & Jae W. Sim & Egon Zakrajšek, 2014. "Uncertainty, Financial Frictions, and Investment Dynamics," Finance and Economics Discussion Series 2014-69, Board of Governors of the Federal Reserve System (U.S.).
    7. Décamps, Jean Paul & Morellec, Erwan & Villeneuve, Stéphane & Gryglewicz, Sebastian, 2015. "Corporate policies with permanent and temporary shocks," CEPR Discussion Papers 10420, Centre for Economic Policy Research.
    8. Frantz, Pascal & Instefjord, Norvald, 2019. "Debt overhang and non-distressed debt restructuring," LSE Research Online Documents on Economics 90212, London School of Economics and Political Science, LSE Library.
    9. Keskinsoy, Bilal, 2017. "Taxi, Takeoff and Landing: Behavioural Patterns of Capital Flows to Emerging Markets," MPRA Paper 78129, University Library of Munich, Germany.
    10. Hugonnier, Julien & Malamud, Semyon & Morellec, Erwan, 2015. "Credit market frictions and capital structure dynamics," Journal of Economic Theory, Elsevier, vol. 157(C), pages 1130-1158.
    11. Omar Besbes & Dan A. Iancu & Nikolaos Trichakis, 2018. "Dynamic Pricing Under Debt: Spiraling Distortions and Efficiency Losses," Management Science, INFORMS, vol. 64(10), pages 4572-4589, October.
    12. Hackbarth, Dirk & Rivera, Alejandro & Wong, Tak-Yuen, 2018. "Optimal Short-Termism," CEPR Discussion Papers 12588, Centre for Economic Policy Research.
    13. Winston Wei Dou & Yan Ji, 2021. "External Financing and Customer Capital: A Financial Theory of Markups," Management Science, INFORMS, vol. 67(9), pages 5569-5585, September.
    14. Manso, Gustavo & Rivera, Alejandro & Wang, Hui (Grace) & Xia, Han, 2025. "Household debt overhang and human capital investment," Journal of Financial Economics, Elsevier, vol. 172(C).
    15. Frantz, Pascal & Instefjord, Norvald, 2019. "Debt overhang and non-distressed debt restructuring," Journal of Financial Intermediation, Elsevier, vol. 37(C), pages 75-88.
    16. Dan A. Iancu & Nikolaos Trichakis & Gerry Tsoukalas, 2017. "Is Operating Flexibility Harmful Under Debt?," Management Science, INFORMS, vol. 63(6), pages 1730-1761, June.

  25. Darrell Duffie & Gustavo Manso, 2007. "Information Percolation in Large Markets," American Economic Review, American Economic Association, vol. 97(2), pages 203-209, May.

    Cited by:

    1. Xu, Hedong & Tian, Cunzhi & Ye, Wenxing & Fan, Suohai, 2018. "Effects of investors’ power correlations in the power-based game on networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 506(C), pages 424-432.
    2. Giuseppe Attanasi & Samuele Centorrino & Elena Manzoni, 2020. "Zero-Intelligence vs. Human Agents: An Experimental Analysis of the Efficiency of Double Auctions and Over-the-Counter Markets of Varying Sizes," GREDEG Working Papers 2020-10, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. Asim Khwaja & Rajkamal Iyer & Erzo Luttmer & Kelly Shue, 2013. "Screening Peers Softly: Inferring the Quality of Small Borrowers," CID Working Papers 259, Center for International Development at Harvard University.
    4. Alain B'elanger & Gaston Giroux, 2012. "Information Percolation: Some General Cases with an Application to Econophysics," Papers 1202.5251, arXiv.org.
    5. Marco Di Maggio & Mark L. Egan & Francesco Franzoni, 2019. "The Value of Intermediation in the Stock Market," NBER Working Papers 26147, National Bureau of Economic Research, Inc.
    6. Vayanos, Dimitri & Wang, Jiang, 2013. "Market Liquidity—Theory and Empirical Evidence ," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, volume 2, chapter 0, pages 1289-1361, Elsevier.
    7. Goldstein, Itay & Xiong, Yan & Yang, Liyan, 2025. "Information sharing in financial markets," Journal of Financial Economics, Elsevier, vol. 163(C).
    8. Wade Hann-Caruthers & Vadim V. Martynov & Omer Tamuz, 2017. "The speed of sequential asymptotic learning," Papers 1707.02689, arXiv.org, revised Nov 2017.
    9. David G. Green, 2023. "Emergence in complex networks of simple agents," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(3), pages 419-462, July.
    10. Franzoni, Francesco & Di Maggio, Marco & Egan, Mark, 2019. "The Value of Intermediation in the Stock Market," CEPR Discussion Papers 13936, Centre for Economic Policy Research.
    11. Simone Alfarano & Albert Banal-Estañol & Eva Camacho & Giulia Iori & Burcu Kapar & Rohit Rahi, 2025. "Centralized vs Decentralized Markets: The Role of Connectivity," Working Papers 2025: 13, Department of Economics, University of Venice "Ca' Foscari".
    12. Yan, Yu & Tong, Yan & Wang, Yiming, 2025. "Momentum mechanisms under heterogeneous beliefs," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    13. Dimitri Vayanos & Jiang Wang, 2012. "Market Liquidity -- Theory and Empirical Evidence," NBER Working Papers 18251, National Bureau of Economic Research, Inc.
    14. Di Maggio, Marco & Egan, Mark & Franzoni, Francesco, 2022. "The value of intermediation in the stock market," Journal of Financial Economics, Elsevier, vol. 145(2), pages 208-233.
    15. Ganglmair, Bernhard & Holcomb, Alex & Myung, Noah, 2019. "Expectations of reciprocity when competitors share information: Experimental evidence," ZEW Discussion Papers 19-032, ZEW - Leibniz Centre for European Economic Research.
    16. Remenik, Daniel, 2009. "Limit theorems for individual-based models in economics and finance," Stochastic Processes and their Applications, Elsevier, vol. 119(8), pages 2401-2435, August.
    17. Benjamin Golub & Stephen Morris, 2020. "Expectations, Networks, and Conventions," Papers 2009.13802, arXiv.org.
    18. Luigi Iovino, 2014. "Sophisticated Intermediation and Aggregate Volatility," 2014 Meeting Papers 1044, Society for Economic Dynamics.
    19. Nobuyuki Hanaki & Giulia Iori & Pietro Vassallo, 2025. "Learning and information diffusion in OTC markets: experiments and a computational model," Working Papers 2025: 12, Department of Economics, University of Venice "Ca' Foscari".
    20. George-Marios Angeletos & Jennifer La'O, 2011. "Decentralization, Communication, and the Origins of Fluctuations," NBER Working Papers 17060, National Bureau of Economic Research, Inc.
    21. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2009. "The Relative Contributions of Private Information Sharing and Public Information Releases to Information Aggregation," Research Papers 2023, Stanford University, Graduate School of Business.
    22. Charles S. Tapiero, 2015. "A financial CCAPM and economic inequalities," Quantitative Finance, Taylor & Francis Journals, vol. 15(3), pages 521-534, March.
    23. Yan, Yu & Tong, Yan & Wang, Yiming, 2025. "Is faster information transmission always better?," Finance Research Letters, Elsevier, vol. 75(C).
    24. Antonio Guarino & Antonella Ianni, 2010. "Bayesian Social Learning with Local Interactions," Games, MDPI, vol. 1(4), pages 1-21, October.
    25. Xu, Hedong & Tian, Cunzhi & Xiao, Xinrong & Fan, Suohai, 2018. "Evolutionary investors’ power-based game on networks," Applied Mathematics and Computation, Elsevier, vol. 330(C), pages 125-133.
    26. Duffie, Darrell & Malamud, Semyon & Manso, Gustavo, 2015. "Reprint of: Information percolation in segmented markets," Journal of Economic Theory, Elsevier, vol. 158(PB), pages 838-869.
    27. Uslu, Semih, 2015. "Pricing and Liquidity in Decentralized Asset Markets," MPRA Paper 73901, University Library of Munich, Germany, revised 21 Sep 2016.
    28. Mira Frick & Ryota Iijima & Yuhta Ishii, 2021. "Learning Efficiency of Multi-Agent Information Structures," Cowles Foundation Discussion Papers 2299R, Cowles Foundation for Research in Economics, Yale University, revised Dec 2021.
    29. Atkeson, Andy & Eisfeldt, Andrea & Weill, Pierre-Olivier, 2013. "The Market for OTC Derivatives," CEPR Discussion Papers 9403, Centre for Economic Policy Research.
    30. Zurita, Carlos A., 2022. "Is The Gravity Model a Power Law?: Evidence from Colombia," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322368, Agricultural and Applied Economics Association.
    31. Darrell Duffie & Semyon Malamud & Gustavo Manso, 2011. "Information Percolation in Segmented Markets," NBER Working Papers 17295, National Bureau of Economic Research, Inc.
    32. Mira Frick & Ryota Iijima & Yuhta Ishii, 2019. "Misinterpreting Others and the Fragility of Social Learning," Cowles Foundation Discussion Papers 2160R, Cowles Foundation for Research in Economics, Yale University, revised Mar 2020.
    33. Huan Liu & Weiqi Liu & Yi Li, 2022. "Private Information Dissemination and Noise Trading: Implications for Price Efficiency and Market Liquidity," Sustainability, MDPI, vol. 14(18), pages 1-19, September.
    34. Attanasi, Giuseppe & Centorrino, Samuele & Moscati, Ivan, 2016. "Over-the-counter markets vs. double auctions: A comparative experimental study," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 63(C), pages 22-35.
    35. Chague, Fernando & De-Losso, Rodrigo & De Genaro, Alan & Giovannetti, Bruno, 2017. "Well-connected short-sellers pay lower loan fees: A market-wide analysis," Journal of Financial Economics, Elsevier, vol. 123(3), pages 646-670.
    36. Jean-Paul L'Huillier, 2012. "Consumers' Imperfect Information and Price Rigidities," EIEF Working Papers Series 1209, Einaudi Institute for Economics and Finance (EIEF), revised Aug 2012.
    37. Matan Harel & Elchanan Mossel & Philipp Strack & Omer Tamuz, 2014. "Rational Groupthink," Papers 1412.7172, arXiv.org, revised Jun 2020.
    38. Bing Han & Liyan Yang, 2013. "Social Networks, Information Acquisition, and Asset Prices," Management Science, INFORMS, vol. 59(6), pages 1444-1457, June.
    39. Mark Paddrik & Carlos Ramirez, 2025. "Treasury Tri-party Repo Pricing," Working Papers 25-07, Office of Financial Research, US Department of the Treasury.
    40. Erol Akcay & David Hirshleifer, 2020. "Social Finance: Cultural Evolution, Transmission Bias and Market Dynamics," NBER Working Papers 27745, National Bureau of Economic Research, Inc.
    41. Gábor Pintér & Chaojun Wang & Junyuan Zou, 2022. "Information chasing versus adverse selection," Bank of England Staff Working Paper series 971, Bank of England.
    42. Mikhail Golosov & Guido Lorenzoni & Aleh Tsyvinski, 2009. "Decentralized Trading with Private Information," NBER Working Papers 15513, National Bureau of Economic Research, Inc.
    43. Maryam Farboodi & Gregor Jarosch & Robert Shimer, 2017. "The Emergence of Market Structure," NBER Working Papers 23234, National Bureau of Economic Research, Inc.
    44. Robert Shimer & Ivan Werning, 2019. "Efficiency and information transmission in bilateral trading," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 33, pages 154-176, July.
    45. Ruiz-Buforn, Alba & Alfarano, Simone & Camacho-Cuena, Eva, 2019. "Price distortions and public information: theory, experiments and simulations," MPRA Paper 93288, University Library of Munich, Germany.
    46. Keppo, Jussi & Satopää, Ville A., 2024. "Bayesian herd detection for dynamic data," International Journal of Forecasting, Elsevier, vol. 40(1), pages 285-301.
    47. Mira Frick & Ryota Iijima & Yuhta Ishii, 2021. "Learning Efficiency of Multi-Agent Information Structures," Cowles Foundation Discussion Papers 2299R2, Cowles Foundation for Research in Economics, Yale University, revised Jul 2022.
    48. Winter, Christoph, 2018. "The Impact of Heterogeneous Signals on Stock Price Predictability in a Rational Expectations Model," Working papers 2018/21, Faculty of Business and Economics - University of Basel.
    49. Shneyerov, Artyom & Wong, Adam C.L., 2020. "Price discovery in a matching and bargaining market with aggregate uncertainty," Games and Economic Behavior, Elsevier, vol. 124(C), pages 183-206.
    50. Bruce Ian Carlin & Gustavo Manso, 2009. "Obfuscation, Learning, and the Evolution of Investor Sophistication," NBER Working Papers 14954, National Bureau of Economic Research, Inc.
    51. Xue, Hao & Zheng, Ronghuo, 2021. "Word-of-mouth communication, noise-driven volatility, and public disclosure," Journal of Accounting and Economics, Elsevier, vol. 71(1).
    52. Andrei, Daniel & Cujean, Julien, 2017. "Information percolation, momentum and reversal," Journal of Financial Economics, Elsevier, vol. 123(3), pages 617-645.
    53. Lester, Benjamin & Shourideh, Ali & Venkateswaran, Venky & Zetlin-Jones, Ariel, 2023. "Market-making with search and information frictions," Journal of Economic Theory, Elsevier, vol. 212(C).
    54. Manela, Asaf, 2014. "The value of diffusing information," Journal of Financial Economics, Elsevier, vol. 111(1), pages 181-199.
    55. Aldashev, Gani & Carletti, Timoteo & Righi, Simone, 2011. "Follies subdued: Informational efficiency under adaptive expectations and confirmatory bias," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 110-121.
    56. Elena Asparouhova & Peter Bossaerts & Wenhao Yang, 2024. "Costly Information Acquisition in Decentralized Markets: Experimental Evidence," Management Science, INFORMS, vol. 70(12), pages 8833-8852, December.

Chapters

  1. Pierre Azoulay & Joshua S. Graff Zivin & Gustavo Manso, 2012. "National Institutes of Health Peer Review: Challenges and Avenues for Reform," NBER Chapters, in: Innovation Policy and the Economy, Volume 13, pages 1-21, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Florian Ederer & Gustavo Manso, 2011. "Incentives for Innovation: Bankruptcy, Corporate Governance, and Compensation Systems," Chapters, in: Robert E. Litan (ed.), Handbook on Law, Innovation and Growth, chapter 5, Edward Elgar Publishing.

    Cited by:

    1. Chen, Yangyang & Hsu, Po-Hsuan & Podolski, Edward J. & Veeraraghavan, Madhu, 2024. "In the mood for creativity: Sunshine-induced mood, inventor performance, and firm value," Journal of Empirical Finance, Elsevier, vol. 78(C).
    2. El Ghoul, Sadok & Gong, Zhaoran (Jason) & Guedhami, Omrane & Hou, Fangfang & Tong, Wilson H.S., 2023. "Social trust and firm innovation," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 84(C).
    3. Yue Luo & Yangyang Chen & Ji‐Chai Lin, 2024. "Emotions and inventor productivity: Evidence from terrorist attacks," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(2), pages 2173-2207, June.
    4. Lyu, Xiaoliang & Ma, Jiameng & Zhang, Xiaochen, 2023. "Social trust and corporate innovation: An informal institution perspective," The North American Journal of Economics and Finance, Elsevier, vol. 64(C).
    5. Chen, I-Ju & Hsu, Po-Hsuan & Wang, Yanzhi, 2022. "Staggered boards and product innovations: Evidence from Massachusetts State Bill HB 5640," Research Policy, Elsevier, vol. 51(4).
    6. Nasirov, Shukhrat & Joshi, Amol M., 2023. "Minding the communications gap: How can universities signal the availability and value of their scientific knowledge to commercial organizations?," Research Policy, Elsevier, vol. 52(9).

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