Difference between revisions of "Entrepreneurship Research Boot Camp"

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This page provide resources for the '''4th Entrepreneurship Research Boot Camp''', organized by Thomas Hellmann, and taking place on July 27th-30th 2011.
 
This page provide resources for the '''4th Entrepreneurship Research Boot Camp''', organized by Thomas Hellmann, and taking place on July 27th-30th 2011.
  
−
==Sections, Instructors and Reading Counts==
+
==Summary==
 +
 
 +
In total we have 8 sessions from 8 presenters, spread over 4 days with 49 required readings and 83 recommended readings. Approximately 40% of the required readings and 15% of the recommended readings are written by the presenter.
 +
 
 +
==Sections==
 +
 
 +
===The Empirics of Entrepreneurial Venture Creation===
  
 
  Date:          Wednesday, July 27th
 
  Date:          Wednesday, July 27th
Line 9: Line 15:
 
  Req'd Readings: 6 (33%)
 
  Req'd Readings: 6 (33%)
 
  Rec'd Readings: 0
 
  Rec'd Readings: 0
 +
 +
Required Readings:
 +
*Bhide, Amar (2000), "The Origin and Evolution of New Business", New York: Oxford University Press. Chapter 1. [http://www.edegan.com/pdfs/Bhide%20(2000)%20-%20The%20Origin%20And%20Evolution%20Of%20New%20Business.pdf pdf]
 +
*Giannetti, Mariassunta, and Andrei Simonov (2009), "Social interactions and entrepreneurial activity", Journal of Economics and Management Strategy, 18, 665-709. [http://www.edegan.com/pdfs/Giannetti%20Simonov%20(2009)%20-%20Social%20Interactions%20And%20Entrepreneurial%20Activity.pdf pdf]
 +
*Gompers, Paul, Josh Lerner, and David Scharfstein (2005), Entrepreneurial spawning, Journal of Finance 60, 577-614. [http://www.edegan.com/pdfs/Gompers%20Lerner%20Scharfstein%20(2005)%20-%20Entrepreneurial%20Spawning.pdf pdf]
 +
*Kaplan, Steven, Berk Sensoy, and Per Stromberg (2009), "What are firms? Evolution from birth to public companies", Journal of Finance 64:1, 75-115. [http://www.edegan.com/pdfs/Kaplan%20Sensoy%20Stromberg%20(2009)%20-%20What%20Are%20Firms%20Evolution%20From%20Birth%20To%20Public%20Companies.pdf pdf]
 +
*Lerner, Josh, and Ulrike Malmendier (2011), With a little help from my (random) friends: success and failure in post-business school entrepreneurship, Working Paper (1691)8, National Bureau of Economic Research. [http://www.edegan.com/pdfs/Lerner%20Malmendier%20(2011)%20-%20With%20A%20Little%20Help%20From%20My%20Random%20Friends.pdf pdf]
 +
*Nanda, Ramana, and Jesper Sorensen (2010), Workplace peer effects and entrepreneurship, Management Science, forthcoming [http://www.edegan.com/pdfs/Nanda%20Sorensen%20(2010)%20-%20Workplace%20Peer%20Effects%20And%20Entrepreneurship.pdf pdf]
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 +
 +
===Privately versus Publicly Held Companies===
  
 
  Date:          Wednesday, July 27th
 
  Date:          Wednesday, July 27th
 
  Session:        Afternoon session
 
  Session:        Afternoon session
 
  Instructor:    Alexander Ljungqvist (NYU Stern)
 
  Instructor:    Alexander Ljungqvist (NYU Stern)
−
  Title:          Privately versus publicly held companies
+
  Title:          Privately versus Publicly Held Companies
 
  Req'd Readings: 5 (40%)
 
  Req'd Readings: 5 (40%)
 
  Rec'd Readings: 7 (0%)
 
  Rec'd Readings: 7 (0%)
 +
 +
Required Readings:
 +
*Asker, John, Joan Farre-Mensa, and Alexander Ljungqvist (2011), "Does the stock market distort investment incentives?", Unpublished working paper, New York University. (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=(1603)484) [http://www.edegan.com/pdfs/Asker%20FarreMensa%20Ljungqvist%20(2011)%20-%20Does%20The%20Stock%20Market%20Distort%20Investment%20Incentives.pdf pdf]
 +
*Asker, John, Joan Farre-Mensa, and Alexander Ljungqvist (2010), "What do private firms look like?", Unpublished working paper, New York University. (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=(1659)926) [http://www.edegan.com/pdfs/Asker%20FarreMensa%20Ljungqvist%20(2010)%20-%20What%20Do%20Private%20Firms%20Look%20Like.pdf pdf]
 +
*Bharat, Sreedhar, Amy Dittmar, and Jagadeesh Sivadasan (2010), "Does capital market myopia affect plant productivity? Evidence from "going private" transactions", Unpublished working paper, University of Michigan. [http://www.edegan.com/pdfs/Bharat%20Dittmar%20Sivadasan%20(2010)%20-%20Does%20Capital%20Market%20Myopia%20Affect%20Plant%20Productivity.pdf pdf]
 +
*Mortal, Sandra, and Natalia Reisel (2009), "The real benefits of being public: Evidence from public and private firms", Unpublished working paper, University of Memphis. [http://www.edegan.com/pdfs/Mortal%20Reisel%20(2009)%20-%20The%20Real%20Benefits%20Of%20Being%20Public%20Evidence%20From%20Public%20And%20Private%20Firms.pdf pdf]
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*Sheen, Albert (2009), "Do public and private firms behave differently? An examination of investment in the chemical industry", Unpublished working paper, UCLA. [http://www.edegan.com/pdfs/Sheen%20(2009)%20-%20Do%20Public%20And%20Private%20Firms%20Behave%20Differently%20An%20Examination%20Of%20Investment%20In%20The%20Chemical%20Industry.pdf pdf]
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 +
Recommended Readings:
 +
*Papers using U.S. data:
 +
**Chemmanur, Thomas J., Shan He, and Debarshi K. Nandy (2010), "The Going-Public Decision and the Product Market", Review of Financial Studies 23, 1855-1908. [http://www.edegan.com/pdfs/Chemmanur%20He%20Nandy%20(2010%20-%20The%20Going%20Public%20Decision%20And%20The%20Product%20Market.pdf pdf]
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**Edgerton, Jesse (2010), "Agency problems in public firms: Evidence from corporate jets in leveraged buyouts", Unpublished working paper, Federal Reserve Board. [http://www.edegan.com/pdfs/Edgerton%20(2010)%20-%20Agency%20Problems%20In%20Public%20Firms%20Evidence%20From%20Corporate%20Jets%20In%20Leveraged%20Buyouts.pdf pdf]
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**Gao, Huasheng, Michael Lemmon, and Kai Li (2010), "A comparison of CEO pay in public and private U.S. firms", Unpublished working paper, University of British Columbia. [http://www.edegan.com/pdfs/Gao%20Lemmon%20Li%20(2010)%20-%20A%20Comparison%20Of%20Ceo%20Pay%20In%20Public%20And%20Private%20Us%20Firms.pdf pdf]
 +
**Wasserman, Noam (2006), "Stewards, Agents, and the Founder Discount: Executive Compensation in New Ventures", Academy of Management Journal 49, 960-976. [http://www.edegan.com/pdfs/Wasserman%20(2006)%20-%20Stewards%20Agents%20And%20The%20Founder%20Discount%20Executive%20Compensation%20In%20New%20Ventures.pdf pdf]
 +
*Papers using British data:
 +
**Brav, Omer (2009), "Access to capital, capital structure, and the funding of the firm", Journal of Finance 64, 263-208. [http://www.edegan.com/pdfs/Brav%20(2009)%20-%20Access%20To%20Capital%20Capital%20Structure%20And%20The%20Funding%20Of%20The%20Firm.pdf pdf]
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**Michaely, Roni, and Michael R. Roberts (2007), "Corporate dividend policies: Lessons from private firms", Unpublished working paper, Cornell University. [http://www.edegan.com/pdfs/Michaely%20Roberts%20(2007)%20-%20Corporate%20Dividend%20Policies%20Lessons%20From%20Private%20Firms.pdf pdf]
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**Saunders, Anthony, and Sascha Steffen (2009), "The costs of being private: Evidence from the loan market", Unpublished working paper, New York University. [http://www.edegan.com/pdfs/Saunders%20Steffen%20(2009)%20-%20The%20Costs%20Of%20Being%20Private%20Evidence%20From%20The%20Loan%20Market.pdf pdf]
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===Venture Capital Financing===
  
 
  Date:          Thursday, July 28th
 
  Date:          Thursday, July 28th
Line 23: Line 60:
 
  Req'd Readings: 6 (17%)
 
  Req'd Readings: 6 (17%)
 
  Rec'd Readings: 9 (22%)
 
  Rec'd Readings: 9 (22%)
 +
 +
Required readings:
 +
*Bottazzi, Laura, Marco Da Rin and Thomas Hellmann (2008), "Who are the active investors? Evidence from venture capital", Journal of Financial Economics, 89(3), 488-512 [http://www.edegan.com/pdfs/Bottazzi%20DaRin%20Hellmann%20(2008)%20-%20Who%20Are%20The%20Active%20Investors%20Evidence%20From%20Venture%20Capital.pdf pdf]
 +
*Hsu, David, (2004), "What Do Entrepreneurs Pay for Venture Capital Affiliation?", Journal of Finance, 59: 1805-1844, August  [http://www.edegan.com/pdfs/Hsu%20(2004)%20-%20What%20Do%20Entrepreneurs%20Pay%20For%20Venture%20Capital%20Affiliation.pdf pdf]
 +
*Kaplan, Steven, and Per Strömberg (2003), "Financial Contracting Theory Meets the Real World: Evidence from Venture Capital Contracts", Review of Economic Studies 70, 281-315. [http://www.edegan.com/pdfs/Kaplan%20Stromberg%20(2003)%20-%20Financial%20Contracting%20Theory%20Meets%20The%20Real%20World%20Evidence%20From%20Venture%20Capital%20Contracts.pdf pdf]
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*Kerr, William, Josh Lerner, and Antoinette Schoar (2011), "The Consequences of Entrepreneurial Finance: Evidence from Angel Financings", Working Paper, Harvard University and MIT [http://www.edegan.com/pdfs/Kerr%20Lerner%20Schoar%20(2011)%20-%20The%20Consequences%20Of%20Entrepreneurial%20Finance%20Evidence%20From%20Angel%20Financings.pdf pdf]
 +
*Samila, Sampsa and Olav Sorenson (2011), "Venture Capital, Entrepreneurship, and Economic Growth", Review of Economics and Statistics, 93: 338-349 [http://www.edegan.com/pdfs/Samila%20Sorenson%20(2011)%20-%20Venture%20Capital%20Entrepreneurship%20And%20Economic%20Growth.pdf pdf]
 +
*Tian, Xuan (2011), "The Causes and Consequences of Venture Capital Stage Financing", Journal of Financial Economics, Forthcoming. [http://www.edegan.com/pdfs/Tian%20(2011)%20-%20The%20Causes%20And%20Consequences%20Of%20Venture%20Capital%20Stage%20Financing.pdf pdf]
 +
 +
Recommended readings:
 +
*Goldfarb, Brent, Gerard Hoberg, David Kirsch, and Alexander Triantis (2009), "Does Angel Participation Matter? An Analysis of Early Venture Financing", Working Paper,University of Maryland [http://www.edegan.com/pdfs/Goldfarb%20Hoberg%20Kirsch%20Triantis%20(2009)%20-%20Does%20Angel%20Participation%20Matter%20An%20Analysis%20Of%20Early%20Venture%20Financing.pdf pdf]
 +
*Gompers, Paul A., and J. Lerner (2001), "The Venture Capital Revolution", Journal of Economic Perspectives 15. Spring . [http://www.edegan.com/pdfs/Gompers%20Lerner%20(2001)%20-%20The%20Venture%20Capital%20Revolution.pdf pdf]
 +
*Hellmann, Thomas and Manju Puri (2002), "Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence", The Journal of Finance, 57(1), 169-197 [http://www.edegan.com/pdfs/Hellmann%20Puri%20(2002)%20-%20Venture%20Capital%20And%20The%20Professionalization%20Of%20StartUp%20Firms%20Empirical%20Evidence.pdf pdf]
 +
*Hellmann, Thomas (2006), "IPOs, Acquisitions and the Use of Convertible Securities in Venture Capital", Journal of Financial Economics, 81(3), 649-679. [http://www.edegan.com/pdfs/Hellmann%20(2006)%20-%20Ipos%20Acquisitions%20And%20The%20Use%20Of%20Convertible%20Securities%20In%20Venture%20Capital.pdf pdf]
 +
*Kaplan, Steven, and Per Strömberg (2004), "Characteristics, Contracts, and Actions: Evidence from Venture Capital Analyses", Journal of Finance 59, 2177-2210. [http://www.edegan.com/pdfs/Kaplan%20Stromberg%20(2004)%20-%20Characteristics%20Contracts%20And%20Actions%20Evidence%20From%20Venture%20Capital%20Analyses.pdf pdf]
 +
*Kortum, Samuel and Josh Lerner (2000), "Assessing the Contribution of Venture Capital to Innovation", Rand Journal of Economics 31: 674-692. [http://www.edegan.com/pdfs/Kortum%20Lerner%20(2000)%20-%20Assessing%20The%20Contribution%20Of%20Venture%20Capital%20To%20Innovation.pdf pdf]
 +
*Lerner, Josh, and Antoinette Schoar (2005), "Does Legal Enforcement Affect Financial Transactions?: The Contractual Channel in Private Equity", Quarterly Journal of Economics, 120, 223-246. [http://www.edegan.com/pdfs/Lerner%20Schoar%20(2005)%20-%20Does%20Legal%20Enforcement%20Affect%20Financial%20Transactions%20The%20Contractual%20Channel%20In%20Private%20Equity.pdf pdf]
 +
*Sahlman, William (1990), "The structure and governance of venture capital organizations", Journal of Financial Economics 27, 473-521. [http://www.edegan.com/pdfs/Sahlman%20(1990)%20-%20The%20Structure%20And%20Governance%20Of%20Venture%20Capital%20Organizations.pdf pdf]
 +
*Sorensen, Morten (2007), "How smart is the smart money? A two-sided matching model of venture capital", Journal of Finance 62:6, 2725-62. [http://www.edegan.com/pdfs/Sorensen%20(2007)%20-%20How%20Smart%20Is%20The%20Smart%20Money%20A%20Two%20Sided%20Matching%20Model%20Of%20Venture%20Capital.pdf pdf]
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 +
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===Start-Up Commercialization Strategy and the Market for Ideas===
  
 
  Date:          Thursday, July 28th
 
  Date:          Thursday, July 28th
Line 30: Line 89:
 
  Req'd Readings: 5 (60%)
 
  Req'd Readings: 5 (60%)
 
  Rec'd Readings: 14 (14%)
 
  Rec'd Readings: 14 (14%)
 +
 +
Required readings
 +
*Arora, A., A. Fosfuri and A. Gambardella (2001), "Markets for Technology and their Implications for Corporate Strategy", Industrial and Corporate Change, 10(2):419-451. [http://www.edegan.com/pdfs/Arora%20Fosfuri%20Gambardella%20(2001)%20-%20Markets%20For%20Technology%20And%20Their%20Implications%20For%20Corporate%20Strategy.pdf pdf]
 +
*Gans, Joshua S. (2011), "When is Static Analysis a Sufficient Proxy for Dynamic Considerations? Reconsidering Antitrust and Innovation", Innovation Policy and the Economy 11. [http://www.edegan.com/pdfs/Gans%20(2011)%20-%20When%20is%20Static%20Analysis%20a%20Sufficient%20Proxy%20for%20Dynamic%20Considerations%20Reconsidering%20Antitrust%20and%20Innovation.pdf pdf]
 +
*Gans, J.S., and S. Stern (2000), "Incumbency and R&D Incentives: Licensing the Gale of Creative Destruction", Journal of Economics and Management Strategy, 9(4):485-511. [http://www.edegan.com/pdfs/Gans%20Stern%20(2000)%20-%20Incumbency%20And%20RandD%20Incentives%20Licensing%20The%20Gale%20Of%20Creative%20Destruction.pdf pdf]
 +
*Gans, J.S., and S. Stern (2003), "The Product Market and the Market for Ideas: Commercialization Strategies for Technology Entrepreneurs", Research Policy, 32: 333-350 [http://www.edegan.com/pdfs/Gans%20Stern%20(2003)%20-%20The%20Product%20Market%20And%20The%20Market%20For%20Ideas%20Commercialization%20Strategies%20For%20Technology%20Entrepreneurs.pdf pdf]
 +
*Gans, J.S., D. Hsu and S. Stern (2008), "The Impact of Uncertain Intellectual Property Rights on the Market for Ideas", Management Science, 54(5): 982-997. [http://www.edegan.com/pdfs/Gans%20Hsu%20Stern%20(2008)%20-%20The%20Impact%20of%20Uncertain%20Intellectual%20Property%20Rights%20on%20the%20Market%20for%20Ideas.pdf pdf]
 +
 +
Recommended Readings
 +
*Anton, J.J. and D.A. Yao (1994), "Expropriation and Inventions: Appropriable Rents in the Absence of Property Rights", American Economic Review, 84 190-209. [http://www.edegan.com/pdfs/Anton%20Yao%20(1994)%20-%20Expropriation%20And%20Inventions%20Appropriable%20Rents%20In%20The%20Absence%20Of%20Property%20Rights.pdf pdf]
 +
*Arora, A. (1995), "Licensing Tacit Knowledge: Intellectual Property Rights and the Market for Know-How", Economics of Innovation and New Technology 4 41-49. [http://www.edegan.com/pdfs/Arora%20(1995)%20-%20Licensing%20Tacit%20Knowledge%20Intellectual%20Property%20Rights%20And%20The%20Market%20For%20Know%20How.pdf pdf]
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*Arora, A., A. Fosfuri, and A. Gambardella (2001), "Markets for Technology: The Economics of Innovation and Corporate Strategy". Cambridge, MA: MIT Press. [http://www.edegan.com/pdfs/Arora%20Fosfuri%20Gambardella%20(2001)%20-%20Markets%20for%20Technology%20The%20Economics%20of%20Innovation%20and%20Corporate%20Strategy.pdf pdf]
 +
*Baumol, W. (2011), "Entrepreneurship, Innovation and Growth: The David-Goliath Symbiosis", http://www.econ.nyu.edu/user/baumolw/sfg.pdf [http://www.edegan.com/pdfs/Baumol%20(2011)%20-%20Entrepreneurship%20Innovation%20And%20Growth%20The%20David%20Goliath%20Symbiosis.pdf pdf]
 +
*Gans, J.S., and S. Stern (2010), "Is There a Market for Ideas?", Industrial and Corporate Change 19(3): 805-837. [http://www.edegan.com/pdfs/Gans%20Stern%20(2010)%20-%20Is%20There%20A%20Market%20For%20Ideas.pdf pdf]
 +
*Gans, J.S., D.H. Hsu and S. Stern (2002), "When Does Start-up Innovation Spur the Gale of Creative Destruction?", RAND Journal of Economics 33: 571-86. [http://www.edegan.com/pdfs/Gans%20Hsu%20Stern%20(2002)%20-%20When%20Does%20Startup%20Innovation%20Spur%20The%20Gale%20Of%20Creative%20Destruction.pdf pdf]
 +
*Hellmann, T. (2007), "The role of patents for bridging the science to market gap", Journal of Economic Behavior and Organization, 63(4): 624-657. [http://www.edegan.com/pdfs/Hellmann%20(2007)%20-%20The%20Role%20Of%20Patents%20For%20Bridging%20The%20Science%20To%20Market%20Gap.pdf pdf]
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*Hellmann, T, and M. Puri (2000), "The Interaction between Product Market and Financing Strategy: The Role of Venture Capital", Review of Financial Studies,13(4): 959-984 [http://www.edegan.com/pdfs/Hellmann%20Puri%20(2000)%20-%20The%20Interaction%20Between%20Product%20Market%20And%20Financing%20Strategy%20The%20Role%20Of%20Venture%20Capital.pdf pdf]
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*Hsu, D. (2006), "Venture Capitalists and Cooperative Start-up Commercialization Strategy", Management Science, 52: 204-219 [http://www.edegan.com/pdfs/Hsu%20(2006)%20-%20Venture%20Capitalists%20And%20Cooperative%20Startup%20Commercialization%20Strategy.pdf pdf]
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*Lerner, J. and R. Merges. (1998), "The Control of Technology Alliances: An Empirical Analysis of the Biotechnology Industry", Journal of Industrial Economics. 46 125-156. [http://www.edegan.com/pdfs/Lerner%20Merges.%20(1998)%20-%20The%20Control%20Of%20Technology%20Alliances%20An%20Empirical%20Analysis%20Of%20The%20Biotechnology%20Industry.pdf pdf]
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*Lamoreaux, N. and K. Sokoloff (2001), "Market Trade in Patents and the Rise of a Class of Specialized Inventors in the 19th Century United States", American Economic Review Papers and Proceedings, 91(2): 39-44. [http://www.edegan.com/pdfs/Lamoreaux%20Sokoloff%20(2001)%20-%20Market%20Trade%20In%20Patents%20And%20The%20Rise%20Of%20A%20Class%20Of%20Specialized%20Inventors%20In%20The%2019Th%20Century%20United%20States.pdf pdf]
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*Levine, A. (2007), "Licensing and Scale Economies in the Biotechnology Pharmaceutical Industry", mimeo., Stanford University. [http://www.edegan.com/pdfs/Levine%20(2007)%20-%20Licensing%20And%20Scale%20Economies%20In%20The%20Biotechnology%20Pharmaceutical%20Industry.pdf pdf]
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*Malmendier, U. and J. Lerner (2004), "Contractibility and the Design of Research Agreements", American Economic Review, 100(1): 214-246. [http://www.edegan.com/pdfs/Malmendier%20Lerner%20(2004)%20-%20Contractibility%20And%20The%20Design%20Of%20Research%20Agreements.pdf pdf]
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*Teece, D. (1986), "Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public Policy", Research Policy 15: 285-305. Friday, July 29th [http://www.edegan.com/pdfs/Teece%20(1986)%20-%20Profiting%20From%20Technological%20Innovation%20Implications%20For%20Integration%20Collaboration%20Licensing%20And%20Public%20Policy.pdf pdf]
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 +
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===The Decision to become an Entrepreneur===
  
 
  Date:          Friday, July 29th
 
  Date:          Friday, July 29th
Line 37: Line 122:
 
  Req'd Readings: 9 (33%)
 
  Req'd Readings: 9 (33%)
 
  Rec'd Readings: 5 (20%)
 
  Rec'd Readings: 5 (20%)
 +
 +
Required Readings:
 +
*Ardagna, Silvia and Annamaria Lusardi (2009), "Explaining International Differences in Entrepreneurship: The Role of Individual Characteristics and Regulatory Constraints", in Joshua Lerner and Antoinette Schoar (eds.), "International Differences in Entrepreneurship," Chicago: Univeristy of Chicago Press. [http://www.edegan.com/pdfs/Ardagna%20Lusardi%20(2009)%20-%20Explaining%20International%20Differences%20In%20Entrepreneurship%20The%20Role%20Of%20Individual%20Characteristics%20And%20Regulatory%20Constraints.pdf pdf]
 +
*Blanchflower, David and Andrew Oswald (1998), "What Makes an Entrepreneur?", Journal of Labor Economics, 16, pp. 26-60. [http://www.edegan.com/pdfs/Blanchflower%20Oswald%20(1998)%20-%20What%20Makes%20An%20Entrepreneur.pdf pdf]
 +
*Evans, David and Boyan Jovanovic (1989), "An Estimated Model of Entrepreneurial Choice under Liquidity Constraints", Journal of Political Economy, 97, pp. 808-827. [http://www.edegan.com/pdfs/Evans%20Jovanovic%20(1989)%20-%20An%20Estimated%20Model%20Of%20Entrepreneurial%20Choice%20Under%20Liquidity%20Constraints.pdf pdf]
 +
*Evans, David and Linda Leighton (1989), "Some Empirical Aspects of Entrepreneurship", American Economic Review, 79, pp. 519-535. [http://www.edegan.com/pdfs/Evans%20Leighton%20(1989)%20-%20Some%20Empirical%20Aspects%20Of%20Entrepreneurship.pdf pdf]
 +
*Fairlie, Robert and Alicia Robb (2007), "Why Are Black-Owned Businesses Less Successful than White-Owned Businesses? The Role of Families, Inheritances, and Business Human Capital", Journal of Labor Economics, 25(2), pp. 289-323 [http://www.edegan.com/pdfs/Fairlie%20Robb%20(2007)%20-%20Why%20Are%20Black%20Owned%20Businesses%20Less%20Successful%20Than%20White%20Owned%20Businesses.pdf pdf]
 +
*Gentry, William and Glenn Hubbard (2004), "Entrepreneurship and Household Saving", Advances in Economic Analysis and Policy, 4. [http://www.edegan.com/pdfs/Gentry%20Hubbard%20(2004)%20-%20Entrepreneurship%20And%20Household%20Saving.pdf pdf]
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*Holtz-Eakin, Douglas, David Joulfaian and Harvey Rosen (1994), "Sticking It Out: Entrepreneurial Survival and Liquidity Constraints", Journal of Political Economy, 102, pp. 53-75. [http://www.edegan.com/pdfs/HoltzEakin%20Joulfaian%20Rosen%20(1994)%20-%20Sticking%20It%20Out%20Entrepreneurial%20Survival%20And%20Liquidity%20Constraints.pdf pdf]
 +
*Hurst, Erik, and Annamaria Lusardi (2004), "Liquidity Constraints, Household Wealth and Entrepreneurship", Journal of Political Economy, 112, pp. 319-47 [http://www.edegan.com/pdfs/Hurst%20Lusardi%20(2004)%20-%20Liquidity%20Constraints%20Household%20Wealth%20And%20Entrepreneurship.pdf pdf]
 +
*Lusardi, Annamaria, Olivia Mitchell and Vilsa Curto (2010), "Financial Literacy among the Young", Journal of Consumer Affairs, Special Issue on Financial Literacy, 44, pp. 358-380. [http://www.edegan.com/pdfs/Lusardi%20Mitchell%20Curto%20(2010)%20-%20Financial%20Literacy%20Among%20The%20Young.pdf pdf]
 +
 +
Recommended Readings:
 +
*Bhidé, Amar (2000), "The Origin and Evolution of New Businesses", New York: Oxford University Press. [http://www.edegan.com/pdfs/Bhide%20(2000)%20-%20The%20Origin%20And%20Evolution%20Of%20New%20Businesses.pdf pdf]
 +
*Hamilton, Barton (2000), "Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self-Employment", Journal of Political Economy, 108, pp. 604-631 [http://www.edegan.com/pdfs/Hamilton%20(2000)%20-%20Does%20Entrepreneurship%20Pay%20An%20Empirical%20Analysis%20Of%20The%20Returns%20To%20Self%20Employment.pdf pdf]
 +
*Holtz-Eakin, Douglas, David Joulfaian and Harvey Rosen (1994), "Entrepreneurial Decisions and Liquidity Constraints", Rand Journal of Economics, 25, pp. 334-347. [http://www.edegan.com/pdfs/HoltzEakin%20Joulfaian%20Harvey%20Rosen%20(1994)%20-%20Entrepreneurial%20Decisions%20And%20Liquidity%20Constraints.pdf pdf]
 +
*Hout, Michael and Harvey Rosen (2000), "Self-Employment, Family Background, and Race", Journal of Human Resources, 35(4), pp. 670-692. [http://www.edegan.com/pdfs/Hout%20Rosen%20(2000)%20-%20Self%20Employment%20Family%20Background%20And%20Race.pdf pdf]
 +
*Hurst, Erik and Annamaria Lusardi (2008), "Liquidity Constraints and Entrepreneurship: Household Wealth, Parental Wealth, and the Transition In and Out of Entrepreneurship", in Overcoming Barriers to Entrepreneurship, Lexington Books, Lanham MD, pp. 47-68. [http://www.edegan.com/pdfs/Hurst%20Lusardi%20(2008)%20-%20Liquidity%20Constraints%20And%20Entrepreneurship%20Household%20Wealth%20Parental%20Wealth%20And%20The%20Transition%20In%20And%20Out%20Of%20Entrepreneurship.pdf pdf]
 +
 +
 +
===Productivity and Entrepreneurship===
  
 
  Date:          Friday, July 29th
 
  Date:          Friday, July 29th
 
  Session:        Afternoon session
 
  Session:        Afternoon session
 
  Instructor:    John Haltiwanger (University of Maryland)
 
  Instructor:    John Haltiwanger (University of Maryland)
−
  Title:          Productivity and entrepreneurship
+
  Title:          Productivity and Entrepreneurship
 
  Req'd Readings: 5 (90%)
 
  Req'd Readings: 5 (90%)
 
  Rec'd Readings: 10 (20%)
 
  Rec'd Readings: 10 (20%)
 +
 +
Required Readings:
 +
*Foster, L., J. Haltiwanger and C.J. Krizan (2006), "Market Selection, Reallocation, and Restructuring in the U.S. Retail Trade Sector in the 1990s", Review of Economics and Statistics. [http://www.edegan.com/pdfs/Foster%20Haltiwanger%20Krizan%20(2006)%20-%20Market%20Selection%20Reallocation%20And%20Restructuring%20In%20The%20Us%20Retail%20Trade%20Sector%20In%20The%201990s.pdf pdf]
 +
*Foster, L., J. Haltiwanger, and C. Syverson (2008), "Reallocation, Firm Turnover and Efficiency: Selection on Productivity or Profitability", American Economic Review, March. [http://www.edegan.com/pdfs/Foster%20Haltiwanger%20Syverson%20(2008)%20-%20Reallocation%20Firm%20Turnover%20And%20Efficiency%20Selection%20On%20Productivity%20Or%20Profitability.pdf pdf]
 +
*Haltiwanger, J. (2011), "Job Creation and Firm Dynamics in the U.S.", paper presented at the NBER Innovation and Economic Policy Conference, April, link to paper can be found at NBER website: https://www.nber.org/confer/(2011)/IPEs11/Haltiwanger_NBER_(2011)_March25.pdf [http://www.edegan.com/pdfs/Haltiwanger%20(2011)%20-%20Job%20Creation%20And%20Firm%20Dynamics%20In%20The%20US.pdf pdf]
 +
*Haltiwanger, J., R. Jarmin and J. Miranda (2010), "Who Creates Jobs? Small vs. Large vs.Young", NBER Working Paper No. 16300, August. [http://www.edegan.com/pdfs/Haltiwanger%20Jarmin%20Miranda%20(2010)%20-%20Who%20Creates%20Jobs%20Small%20Vs%20Large%20Vs%20Young.pdf pdf]
 +
*Syverson, C. (2011), "What Determines Productivity?", Journal of Economic Literature, (forthcoming). Link to paper: http://home.uchicago.edu/~syverson/productivitysurvey.pdf [http://www.edegan.com/pdfs/Syverson%20(2011)%20-%20What%20Determines%20Productivity.pdf pdf]
 +
 +
Recommended Readings:
 +
*Asplund, M. and V. Nocker (2006), "Firm Turnover in Imperfectly Competitive Markets", Review of Economic Studies, 73(2): 295-327. [http://www.edegan.com/pdfs/Asplund%20Nocker%20(2006)%20-%20Firm%20Turnover%20In%20Imperfectly%20Competitive%20Markets.pdf pdf]
 +
*Baily, M., C. Hulten, and D.Campbell (1992), "Productivity Dynamics in Manufacturing Establishments", Brookings Papers on Economic Activity: Microeconomics, 187-249. [http://www.edegan.com/pdfs/Baily%20Hulten%20Campbell%20(1992)%20-%20Productivity%20Dynamics%20In%20Manufacturing%20Establishments.pdf pdf]
 +
*Bartelsman, E. and M. Doms (2000), "Understanding Productivity: Lessons from Longitudinal Microdata", Journal of Economic Literature, 38(3): 569-595. [http://www.edegan.com/pdfs/Bartelsman%20Doms%20(2000)%20-%20Understanding%20Productivity%20Lessons%20From%20Longitudinal%20Microdata.pdf pdf]
 +
*Davis, S., and J. Haltiwanger (1999), "Gross Job Flows", in Ashenfelter and Card (eds.),Handbook of Labor Economics, North-Holland: Amsterdam. [http://www.edegan.com/pdfs/Davis%20Haltiwanger%20(1999)%20-%20Gross%20Job%20Flows.pdf pdf]
 +
*Davis, S. , J. Haltiwanger, R. Jarmin, C.J. Krizan, J. Miranda, A. Nucci, and K. Sandusky (2009), "Measuring the Dynamics of Young and Small Businesses: Integrating the Employer and Nonemployer Universes", NBER Working paper. No. 13226. Forthcoming in Timothy Dunne, J. Bradford Jensen, and Mark J. Roberts (eds.), "Producer dynamics: new evidence from micro data". [http://www.edegan.com/pdfs/Davis%20Haltiwanger%20Jarmin%20Krizan%20Nucci%20Sandusky%20(2009)%20-%20Measuring%20The%20Dynamics%20Of%20Young%20And%20Small%20Businesses.pdf pdf]
 +
*Dunne, T. M. Roberts, and L. Samuelson (1988), "Patterns of Firm Entry and Exit in U.S. Manufacturing Industries", RAND Journal of Economics, 19(4): 495-515. [http://www.edegan.com/pdfs/Dunne%20Roberts%20Samuelson%20(1988)%20-%20Patterns%20Of%20Firm%20Entry%20And%20Exit%20In%20US%20Manufacturing%20Industries.pdf pdf]
 +
*Ericson, R. A. Pakes  (1995), "Markov Perfect Industry Dynamics: A Framework for Empirical Work", Review of Economic Studies, Vol. 62(1), 53-82. [http://www.edegan.com/pdfs/Ericson%20Pakes%20%20(1995)%20-%20Markov%20Perfect%20Industry%20Dynamics%20A%20Framework%20For%20Empirical%20Work.pdf pdf]
 +
*Hopenhayn, H. (1992), "Entry, Exit, and Firm Dynamics in Long Run Equilibrium", Econometrica, 60(5): 1127-1150. [http://www.edegan.com/pdfs/Hopenhayn%20(1992)%20-%20Entry%20Exit%20And%20Firm%20Dynamics%20In%20Long%20Run%20Equilibrium.pdf pdf]
 +
*Jovanovic, B. (1982), "Selection and the Evolution of Industry", Econometrica, 50(3), 649-670. [http://www.edegan.com/pdfs/Jovanovic%20(1982)%20-%20Selection%20And%20The%20Evolution%20Of%20Industry.pdf pdf]
 +
*Melitz, M. and G. Ottaviano (2008), "Market Size, Trade, and Productivity", Review of Economic Studies, January. [http://www.edegan.com/pdfs/Melitz%20Ottaviano%20(2008)%20-%20Market%20Size%20Trade%20And%20Productivity.pdf pdf]
 +
 +
 +
===Development and Entrepreneurship===
  
 
  Date:          Saturday, July 30th
 
  Date:          Saturday, July 30th
Line 51: Line 179:
 
  Req'd Readings: 7 (29%)
 
  Req'd Readings: 7 (29%)
 
  Rec'd Readings: 5 (20%)
 
  Rec'd Readings: 5 (20%)
 +
 +
Required Readings
 +
*Banerjee, A. and Duflo, E. (2004), "Do Firms Want to Borrow More? Testing Credit Constraints Using a Directed Lending Program", MIT Working Paper. [http://www.edegan.com/pdfs/Banerjee%20Duflo%20(2004)%20-%20Do%20Firms%20Want%20To%20Borrow%20More%20Testing%20Credit%20Constraints%20Using%20A%20Directed%20Lending%20Program.pdf pdf]
 +
*Bertrand, M., Schoar, A., (2006), "The role of family in family firms", Journal of Economic Perspectives 20, 73-96. [http://www.edegan.com/pdfs/Bertrand%20Schoar%20(2006)%20-%20The%20Role%20Of%20Family%20In%20Family%20Firms.pdf pdf]
 +
*Bruhn, M., D. Karlan, A. Schoar (2010), "What capital is missing in developing countries", American Economic Review, May. [http://www.edegan.com/pdfs/Bruhn%20Karlan%20Schoar%20(2010)%20-%20What%20Capital%20Is%20Missing%20In%20Developing%20Countries.pdf pdf]
 +
*De Mel, S., McKenzie, D., and Woodruff, C. (2008), "Returns to Capital in Microenterprises: Evidence from a Field Experiment", The Quarterly Journal of Economics, 123(4): 1329-1372. [http://www.edegan.com/pdfs/DeMel%20McKenzie%20Woodruff%20(2008)%20-%20Returns%20To%20Capital%20In%20Microenterprises%20Evidence%20From%20A%20Field%20Experiment.pdf pdf]
 +
*Karlan, D., and J. Zinman (2009), "Observing Unobservables: Identifying Information Asymmetries With a Consumer Credit Field Experiment", Econometrica 77:1993-2008. [http://www.edegan.com/pdfs/Karlan%20Zinman%20(2009)%20-%20Observing%20Unobservables%20Identifying%20Information%20Asymmetries%20With%20A%20Consumer%20Credit%20Field%20Experiment.pdf pdf]
 +
*La Porta, R., F. López-de-Silanes, A. Shleifer, and R. Vishny (1998), "Law and Finance", Journal of Political Economy, CIV, 1113-1155 [http://www.edegan.com/pdfs/LaPorta%20LopezDeSilanes%20Shleifer%20Vishny%20(1998)%20-%20Law%20And%20Finance.pdf pdf]
 +
*Rajan, R., and Zingales, L. (1998), "Financial dependence and growth", American Economic Review, 88: 559-586. [http://www.edegan.com/pdfs/Rajan%20Zingales%20(1998)%20-%20Financial%20Dependence%20And%20Growth.pdf pdf]
 +
 +
Recommended Readings
 +
*Bennedson, M., Nielsen, K., Perez-Gonzalez, F., Wolfenzon, D. (2007), "Inside the family firm: the role of families in succession decisions and performance", Quarterly Journal of Economics 122, 647-691. [http://www.edegan.com/pdfs/Bennedson%20Nielsen%20PerezGonzalez%20Wolfenzon%20(2007)%20-%20Inside%20The%20Family%20Firm%20The%20Role%20Of%20Families%20In%20Succession%20Decisions%20And%20Performance.pdf pdf]
 +
*Bertrand, M., S. Johnson, K. Samphantharak and A. Schoar (2008), "Mixing Family With Business: A Study of Thai Business Groups and the Families Behind Them", The Journal of Financial Economics, June, 88 (3), 466-498. [http://www.edegan.com/pdfs/Bertrand%20Johnson%20Samphantharak%20Schoar%20(2008)%20-%20Mixing%20Family%20With%20Business%20A%20Study%20Of%20Thai%20Business%20Groups%20And%20The%20Families%20Behind%20Them.pdf pdf]
 +
*Claessens, S., Djankov, S., Lang, L. (2000), "The separation of ownership and control in East Asian Corporation", Journal of Financial Economics 58, 81-112. [http://www.edegan.com/pdfs/Claessens%20Djankov%20Lang%20(2000)%20-%20The%20Separation%20Of%20Ownership%20And%20Control%20In%20East%20Asian%20Corporation.pdf pdf]
 +
*Schoar, A. (2010), "The Divide Between Subsistence and Transformational Entrepreneurship", in: Innovation Policy and the Economy, Vol. 10, edited by Josh Lerner and Scott Stern, NBER, University of Chicago Press. [http://www.edegan.com/pdfs/Schoar%20(2010)%20-%20The%20Divide%20Between%20Subsistence%20And%20Transformational%20Entrepreneurship.pdf pdf]
 +
*Udry, C.and Anagol, S. (2006), "The Return to Capital in Ghana", American Economic Review, 96(2): 388-393. [http://www.edegan.com/pdfs/Udry%20Anagol%20(2006)%20-%20The%20Return%20To%20Capital%20In%20Ghana.pdf pdf]
 +
 +
 +
===Sociological Approaches to Entrepreneurship===
  
 
  Date:          Saturday, July 30th
 
  Date:          Saturday, July 30th
Line 59: Line 206:
 
  Rec'd Readings: 33 (24%)
 
  Rec'd Readings: 33 (24%)
  
−
In total we have 8 sessions from 8 presenters, spread over 4 days with 49 required readings and 83 recommended readings. Approximately 40% of the required readings and 15% of the recommended readings are written by the presenter.
+
Required Readings:
 +
*Nanda, Ramana, and Jesper Sørensen (2010), "Workplace peers and entrepreneurship", Management Science, 56: 1116-1126 [http://www.edegan.com/pdfs/Nanda%20Sorensen%20(2010)%20-%20Workplace%20peers%20and%20entrepreneurship.pdf pdf]
 +
*Ruef, Martin (2002), "Strong ties, weak ties and islands: Strutural and cultural predictors of organizational innovation", Industrial and Corporate Change, 11: 427-449 [http://www.edegan.com/pdfs/Ruef%20(2002)%20-%20Strong%20Ties%20Weak%20Ties%20And%20Islands%20Strutural%20And%20Cultural%20Predictors%20Of%20Organizational%20Innovation.pdf pdf]
 +
*Shane, Scott, and Toby E. Stuart (2002), "Organizational endowments and the performance of university startups", Management Science, 48: 154-170 [http://www.edegan.com/pdfs/Shane%20Stuart%20(2002)%20-%20Organizational%20Endowments%20And%20The%20Performance%20Of%20University%20Startups.pdf pdf]
 +
*Dahl, Michael S., and Olav Sorenson (2011), 'Home sweet home: Entrepreneurs' location choices and the performance of their ventures" [http://www.edegan.com/pdfs/Dahl%20Sorenson%20(2011)%20-%20Home%20Sweet%20Home%20Entrepreneurs%20Location%20Choices%20And%20The%20Performance%20Of%20Their%20Ventures.pdf pdf]
 +
*Stuart, Toby E., Ha Hoang and Ralph C. Hybels (1999), "Interorganizational endorsements and the performance of entrepreneurial ventures", Administrative Science Quarterly, 44: 315-349 [http://www.edegan.com/pdfs/Stuart%20Hoang%20Hybels%20(1999)%20-%20Interorganizational%20Endorsements%20And%20The%20Performance%20Of%20Entrepreneurial%20Ventures.pdf pdf]
 +
*Leung, Ming D., and Amanda J. Sharkey (2009), "Out of sight, out of mind: The mere labeling effect of multi-category membership in markets" [http://www.edegan.com/pdfs/Leung%20Sharkey%20(2009)%20-%20Out%20Of%20Sight%20Out%20Of%20Mind%20The%20Mere%20Labeling%20Effect%20Of%20Multi%20Category%20Membership%20In%20Markets.pdf pdf]
 +
 
 +
Suggested additional readings (only those students that are particularly interested should have a look):
 +
 
 +
1.1 Overviews
 +
*Thornton, Patricia H. (1999), "The sociology of entrepreneurship", Annual Review of Sociology, 25: 19-46  [http://www.edegan.com/pdfs/Thornton%20(1999)%20-%20The%20Sociology%20Of%20Entrepreneurship.pdf pdf]
 +
*Stuart, Toby E., and Olav Sorenson (2005), "Social networks and entrepreneurship", pp 211-228 in Alvarez, Agrawal and Sorenson (Eds.), "Handbook of Entrepreneurship Research: Interdisciplinary Perspectives", Springer [http://www.edegan.com/pdfs/Stuart%20Sorenson%20(2005)%20-%20Social%20Networks%20And%20Entrepreneurship.pdf pdf]
 +
 
 +
1.2 Social relationships
 +
*Burt, Ronald S. (1992),  "Structural Holes: The Social Structure of Competition", Harvard University Press [http://www.edegan.com/pdfs/Burt%20(1992)%20-%20Structural%20Holes%20The%20Social%20Structure%20Of%20Competition.pdf pdf]
 +
*Stuart, Toby E., and Olav Sorenson (2007), "Strategic networks and entrepreneurial ventures", Strategic Entrepreneurship Journal, 1: 211-227 [http://www.edegan.com/pdfs/Stuart%20Sorenson%20(2007)%20-%20Strategic%20Networks%20And%20Entrepreneurial%20Ventures.pdf pdf]
 +
 
 +
1.2.1 Influence
 +
*Stuart, Toby E., and Waverly W. Ding (2006), "Why do scientists become entrepreneurs? The social structural antecedents of commercial activity in the academic life sciences", American Journal of Sociology, 112: 97-144 [http://www.edegan.com/pdfs/Stuart%20Ding%20(2006)%20-%20Why%20Do%20Scientists%20Become%20Entrepreneurs%20The%20Social%20Structural%20Antecedents%20Of%20Commercial%20Activity%20In%20The%20Academic%20Life%20Sciences.pdf pdf]
 +
*Nanda, Ramana, and Jesper Sørensen (2010), "Workplace peers and entrepreneurship", Management Science, 56: 1116-1126 [http://www.edegan.com/pdfs/Nanda%20Sorensen%20(2010)%20-%20Workplace%20Peers%20And%20Entrepreneurship.pdf pdf]
 +
 
 +
1.2.2 Opportunity recognition
 +
*Burt, Ronald S. (2004), "Structural holes and good ideas", American Journal of Sociology, 110: 349-399 [http://www.edegan.com/pdfs/Burt%20(2004)%20-%20Structural%20Holes%20And%20Good%20Ideas.pdf pdf]
 +
*Renzulli, Lisa A., Howard E. Aldrich and James Moody (2000), "Family matters: Gender, networks, and entrepreneurial outcomes", Social Forces, 79: 523-546 [http://www.edegan.com/pdfs/Renzulli%20Aldrich%20Moody%20(2000)%20-%20Family%20Matters%20Gender%20Networks%20And%20Entrepreneurial%20Outcomes.pdf pdf]
 +
*Ruef, Martin (2002), "Strong ties, weak ties and islands: Strutural and cultural predictors of organizational innovation", Industrial and Corporate Change, 11: 427-449 [http://www.edegan.com/pdfs/Ruef%20(2002)%20-%20Strong%20Ties%20Weak%20Ties%20And%20Islands%20Strutural%20And%20Cultural%20Predictors%20Of%20Organizational%20Innovation.pdf pdf]
 +
*Ryall, Michael and Olav Sorenson (2007), "Brokers and competitive advantage", Management Science, 53: 566-583 [http://www.edegan.com/pdfs/Ryall%20Sorenson%20(2007)%20-%20Brokers%20And%20Competitive%20Advantage.pdf pdf]
 +
*Lee, Jeongsik (2010), "Heterogeneity, Brokerage, and Innovative Performance: Endogenous formation of collaborative inventor networks", Organization Science, 21: 804-822 [http://www.edegan.com/pdfs/Lee%20(2010)%20-%20Heterogeneity%20Brokerage%20And%20Innovative%20Performance%20Endogenous%20Formation%20Of%20Collaborative%20Inventor%20Networks.pdf pdf]
 +
 
 +
1.2.3 Resource mobilization
 +
*Uzzi, Brian (1996), "The sources and consequences of embeddedness for economic performance of organizations", American Sociological Review, 61: 674-698 [http://www.edegan.com/pdfs/Uzzi%20(1996)%20-%20The%20Sources%20And%20Consequences%20Of%20Embeddedness%20For%20Economic%20Performance%20Of%20Organizations.pdf pdf]
 +
*Sorenson, Olav, and David M.Waguespack (2006), "Social networks and exchange: Selfconfirming dynamics in Hollywood", Administrative Science Quarterly, 51: 560-589 [http://www.edegan.com/pdfs/Sorenson%20Waguespack%20(2006)%20-%20Social%20Networks%20And%20Exchange%20Selfconfirming%20Dynamics%20In%20Hollywood.pdf pdf]
 +
*Sorenson, Olav, and Toby E. Stuart (2001), "Syndication networks and the spatial distribution of venture capital investments", American Journal of Sociology, 106: 156-1588 [http://www.edegan.com/pdfs/Sorenson%20Stuart%20(2001)%20-%20Syndication%20Networks%20And%20The%20Spatial%20Distribution%20Of%20Venture%20Capital%20Investments.pdf pdf]
 +
*Shane, Scott, and Toby E. Stuart (2002), "Organizational endowments and the performance of university startups", Management Science, 48: 154-170 [http://www.edegan.com/pdfs/Shane%20%20Stuart%20(2002)%20-%20Organizational%20Endowments%20And%20The%20Performance%20Of%20University%20Startups.pdf pdf]
 +
*Hallen, Benjamin L. (2008), "The causes and consequences of the initial network positions of new organizations: From whom do entrepreneurs receive investments?" [http://www.edegan.com/pdfs/Hallen%20(2008)%20-%20The%20Causes%20And%20Consequences%20Of%20The%20Initial%20Network%20Positions%20Of%20New%20Organizations%20From%20Whom%20Do%20Entrepreneurs%20Receive%20Investments.pdf pdf]
 +
*Ruef, Martin, Howard E. Aldrich and Nancy M. Carter (2003), "The structure of founding teams: Homophily, strong ties, and isolation among U.S. entrepreneurs", American Sociological Review, 68: 195-222 [http://www.edegan.com/pdfs/Ruef%20Aldrich%20Carter%20(2003)%20-%20The%20Structure%20Of%20Founding%20Teams%20Homophily%20Strong%20Ties%20And%20Isolation%20Among%20US%20Entrepreneurs.pdf pdf]
 +
*Ruef, Martin (2010), "The Entrepreneurial Group: Social Identities, Relations, and Collective Action", Princeton University Press [http://books.google.com/books?hl=en&lr=&id=b18yN2EX9L0C&oi=fnd&pg=PR4&dq=Ruef+(2010)+-+The+Entrepreneurial+Group+Social+Identities+Relations+And+Collective+Action&ots=dzO4iz45BY&sig=oDRixA_E5cDy27Ab2xo7yWd0Scg#v=onepage&q&f=false Google Books]
 +
 
 +
1.2.4 Consequences
 +
*Sorenson, Olav and Pino G. Audia (2000), "The social structure of entrepreneurial activity: Geographic concentration of footwear production in the United States, 1940-1989", American Journal of Sociology, 106: 424-462 [http://www.edegan.com/pdfs/Sorenson%20Audia%20(2000)%20-%20The%20Social%20Structure%20Of%20Entrepreneurial%20Activity%20Geographic%20Concentration%20Of%20Footwear%20Production%20In%20The%20United%20States%201940%20To%201989.pdf pdf]
 +
*Hochberg, Yael V., Alexander Ljungqvist and Yang Lu (2007), "Whom you know matters: Venture capital networks and investment performance", Journal of Finance, 62:251-301 [http://www.edegan.com/pdfs/Hochberg%20Ljungqvist%20Lu%20(2007)%20-%20Whom%20You%20Know%20Matters%20Venture%20Capital%20Networks%20And%20Investment%20Performance.pdf pdf]
 +
*Dahl, Michael S., and Olav Sorenson (2011), "Home sweet home: Entrepreneurs' location choices and the performance of their ventures" [http://www.edegan.com/pdfs/Dahl%20Sorenson%20(2011)%20-%20Home%20Sweet%20Home%20Entrepreneurs%20Location%20Choices%20And%20The%20Performance%20Of%20Their%20Ventures.pdf pdf]
 +
 
 +
1.3 Status
 +
*Podolny, Joel M. (1993), "A status-based model of market competition", American Journal of Sociology, 98: 829-872 [http://www.edegan.com/pdfs/Podolny%20(1993)%20-%20A%20Status%20Based%20Model%20Of%20Market%20Competition.pdf pdf]
 +
*Stuart, Toby E., Ha Hoang and Ralph C. Hybels (1999), "Interorganizational endorsements and the performance of entrepreneurial ventures", Administrative Science Quarterly, 44: 315-349 [http://www.edegan.com/pdfs/Stuart%20Hoang%20Hybels%20(1999)%20-%20Interorganizational%20Endorsements%20And%20The%20Performance%20Of%20Entrepreneurial%20Ventures.pdf pdf]
 +
*Hsu, David (2004), "What do entrepreneurs pay for venture capital affiliation?", Journal of Finance, 59: 1805-1844 [http://www.edegan.com/pdfs/Hsu%20(2004)%20-%20What%20Do%20Entrepreneurs%20Pay%20For%20Venture%20Capital%20Affiliation.pdf pdf]
 +
*Roberts, Peter W., Mukti Khaire and Christopher Rider (2011), "Isolating the symbolic implications of employee mobility: Price increases after hiring winemakers from prominent wineries", American Economic Review, 101: in press [http://www.edegan.com/pdfs/Roberts%20Khaire%20Rider%20(2011)%20-%20Isolating%20The%20Symbolic%20Implications%20Of%20Employee%20Mobility%20Price%20Increases%20After%20Hiring%20Winemakers%20From%20Prominent%20Wineries.pdf pdf]
 +
 
 +
1.4 Categories
 +
*Zuckerman, Ezra W. (1999), "The categorical imperative: Securities analysts and the illegitimacy discount", American Journal of Sociology, 104: 1346-1397 [http://www.edegan.com/pdfs/Zuckerman%20(1999)%20-%20The%20Categorical%20Imperative%20Securities%20Analysts%20And%20The%20Illegitimacy%20Discount.pdf pdf]
 +
*Zuckerman, Ezra W., Tai-Young Kim, Kalinda Ukanwa and James von Rittmann (2003), "Robust identities or non-entities? Typecasting in the feature film labor market", American Journal of Sociology, 108: 1018-1075 [http://www.edegan.com/pdfs/Zuckerman%20Kim%20Ukanwa%20VonRittmann%20(2003)%20-%20Robust%20Identities%20Or%20Non%20Entities%20Typecasting%20In%20The%20Feature%20Film%20Labor%20Market.pdf pdf]
 +
 
 +
1.4.1 Industry emergence
 +
*Ruef, Martin (2000), "The emergence of organizational forms: A community ecology approach", American Journal of Sociology, 106: 658-714 [http://www.edegan.com/pdfs/Ruef%20(2000)%20-%20The%20Emergence%20Of%20Organizational%20Forms%20A%20Community%20Ecology%20Approach.pdf pdf]
 +
*McKendrick, David G., Jonathan Jaffee, Glenn R. Carroll and Olga M. Khessina (2003), "In the bud? Disk array producers as a (possibly) emergent organizational form", Aministrative Science Quarterly, 48: 60-93 [http://www.edegan.com/pdfs/McKendrick%20Jaffee%20Carroll%20Khessina%20(2003)%20-%20In%20The%20Bud%20Disk%20Array%20Producers%20As%20A%20Possibly%20Emergent%20Organizational%20Form.pdf pdf]
 +
*Navis, Chad, and Mary Ann Glynn (2010), "How new market categories emerge:Temporal dynamics of legitimacy, identity, and entrepreneurship in satellite radio, 1990-2005", Administrative Science Quarterly, 55: 439-471 [http://www.edegan.com/pdfs/Navis%20Glynn%20(2010)%20-%20How%20New%20Market%20Categories%20Emerge%20Temporal%20Dynamics%20Of%20Legitimacy%20Identity%20And%20Entrepreneurship%20In%20Satellite%20Radio%201990%20To%202005.pdf pdf]
 +
 
 +
1.4.2 Legitimacy
 +
*Baron, James N., Michael T. Hannan and M. Diane Burton (2001), "Labor pains: Change in organizational models and employee turnover in young, high-tech firms", American Journal of Sociology, 106: 960-1012 [http://www.edegan.com/pdfs/Baron%20Hannan%20Burton%20(2001)%20-%20Labor%20Pains%20Change%20In%20Organizational%20Models%20And%20Employee%20Turnover%20In%20Young%20High%20Tech%20Firms.pdf pdf]
 +
*Ruef, Martin, and Kelly Patterson (2009), "Credit and classification: The impact of industry boundaries on nineteenth-century America", Administrative Science Quarterly, 54: 486-520 [http://www.edegan.com/pdfs/Ruef%20Patterson%20(2009)%20-%20Credit%20And%20Classification%20The%20Impact%20Of%20Industry%20Boundaries%20On%20Nineteenth%20Century%20America.pdf pdf]
 +
*Leung, Ming D., and Amanda J. Sharkey (2009), "Out of sight, out of mind: The mere labeling effect of multi-category membership in markets" [http://www.edegan.com/pdfs/Leung%20Sharkey%20(2009)%20-%20Out%20Of%20Sight%20Out%20Of%20Mind%20The%20Mere%20Labeling%20Effect%20Of%20Multi-Category%20Membership%20In%20Markets.pdf pdf]

Revision as of 20:41, 17 June 2011

This page provide resources for the 4th Entrepreneurship Research Boot Camp, organized by Thomas Hellmann, and taking place on July 27th-30th 2011.

Summary

In total we have 8 sessions from 8 presenters, spread over 4 days with 49 required readings and 83 recommended readings. Approximately 40% of the required readings and 15% of the recommended readings are written by the presenter.

Sections

The Empirics of Entrepreneurial Venture Creation

Date:           Wednesday, July 27th
Session:        Morning session
Instructor:     Josh Lerner (HBS)
Title:          The Empirics of Entrepreneurial Venture Creation
Req'd Readings: 6 (33%)
Rec'd Readings: 0

Required Readings:

  • Bhide, Amar (2000), "The Origin and Evolution of New Business", New York: Oxford University Press. Chapter 1. pdf
  • Giannetti, Mariassunta, and Andrei Simonov (2009), "Social interactions and entrepreneurial activity", Journal of Economics and Management Strategy, 18, 665-709. pdf
  • Gompers, Paul, Josh Lerner, and David Scharfstein (2005), Entrepreneurial spawning, Journal of Finance 60, 577-614. pdf
  • Kaplan, Steven, Berk Sensoy, and Per Stromberg (2009), "What are firms? Evolution from birth to public companies", Journal of Finance 64:1, 75-115. pdf
  • Lerner, Josh, and Ulrike Malmendier (2011), With a little help from my (random) friends: success and failure in post-business school entrepreneurship, Working Paper (1691)8, National Bureau of Economic Research. pdf
  • Nanda, Ramana, and Jesper Sorensen (2010), Workplace peer effects and entrepreneurship, Management Science, forthcoming pdf


Privately versus Publicly Held Companies

Date:           Wednesday, July 27th
Session:        Afternoon session
Instructor:     Alexander Ljungqvist (NYU Stern)
Title:          Privately versus Publicly Held Companies
Req'd Readings: 5 (40%)
Rec'd Readings: 7 (0%)

Required Readings:

  • Asker, John, Joan Farre-Mensa, and Alexander Ljungqvist (2011), "Does the stock market distort investment incentives?", Unpublished working paper, New York University. (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=(1603)484) pdf
  • Asker, John, Joan Farre-Mensa, and Alexander Ljungqvist (2010), "What do private firms look like?", Unpublished working paper, New York University. (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=(1659)926) pdf
  • Bharat, Sreedhar, Amy Dittmar, and Jagadeesh Sivadasan (2010), "Does capital market myopia affect plant productivity? Evidence from "going private" transactions", Unpublished working paper, University of Michigan. pdf
  • Mortal, Sandra, and Natalia Reisel (2009), "The real benefits of being public: Evidence from public and private firms", Unpublished working paper, University of Memphis. pdf
  • Sheen, Albert (2009), "Do public and private firms behave differently? An examination of investment in the chemical industry", Unpublished working paper, UCLA. pdf

Recommended Readings:

  • Papers using U.S. data:
    • Chemmanur, Thomas J., Shan He, and Debarshi K. Nandy (2010), "The Going-Public Decision and the Product Market", Review of Financial Studies 23, 1855-1908. pdf
    • Edgerton, Jesse (2010), "Agency problems in public firms: Evidence from corporate jets in leveraged buyouts", Unpublished working paper, Federal Reserve Board. pdf
    • Gao, Huasheng, Michael Lemmon, and Kai Li (2010), "A comparison of CEO pay in public and private U.S. firms", Unpublished working paper, University of British Columbia. pdf
    • Wasserman, Noam (2006), "Stewards, Agents, and the Founder Discount: Executive Compensation in New Ventures", Academy of Management Journal 49, 960-976. pdf
  • Papers using British data:
    • Brav, Omer (2009), "Access to capital, capital structure, and the funding of the firm", Journal of Finance 64, 263-208. pdf
    • Michaely, Roni, and Michael R. Roberts (2007), "Corporate dividend policies: Lessons from private firms", Unpublished working paper, Cornell University. pdf
    • Saunders, Anthony, and Sascha Steffen (2009), "The costs of being private: Evidence from the loan market", Unpublished working paper, New York University. pdf

Venture Capital Financing

Date:           Thursday, July 28th
Session:        Morning session
Instructor:     Thomas Hellmann (UBC Sauder)
Title:          Venture Capital Financing
Req'd Readings: 6 (17%)
Rec'd Readings: 9 (22%)

Required readings:

  • Bottazzi, Laura, Marco Da Rin and Thomas Hellmann (2008), "Who are the active investors? Evidence from venture capital", Journal of Financial Economics, 89(3), 488-512 pdf
  • Hsu, David, (2004), "What Do Entrepreneurs Pay for Venture Capital Affiliation?", Journal of Finance, 59: 1805-1844, August pdf
  • Kaplan, Steven, and Per Strömberg (2003), "Financial Contracting Theory Meets the Real World: Evidence from Venture Capital Contracts", Review of Economic Studies 70, 281-315. pdf
  • Kerr, William, Josh Lerner, and Antoinette Schoar (2011), "The Consequences of Entrepreneurial Finance: Evidence from Angel Financings", Working Paper, Harvard University and MIT pdf
  • Samila, Sampsa and Olav Sorenson (2011), "Venture Capital, Entrepreneurship, and Economic Growth", Review of Economics and Statistics, 93: 338-349 pdf
  • Tian, Xuan (2011), "The Causes and Consequences of Venture Capital Stage Financing", Journal of Financial Economics, Forthcoming. pdf

Recommended readings:

  • Goldfarb, Brent, Gerard Hoberg, David Kirsch, and Alexander Triantis (2009), "Does Angel Participation Matter? An Analysis of Early Venture Financing", Working Paper,University of Maryland pdf
  • Gompers, Paul A., and J. Lerner (2001), "The Venture Capital Revolution", Journal of Economic Perspectives 15. Spring . pdf
  • Hellmann, Thomas and Manju Puri (2002), "Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence", The Journal of Finance, 57(1), 169-197 pdf
  • Hellmann, Thomas (2006), "IPOs, Acquisitions and the Use of Convertible Securities in Venture Capital", Journal of Financial Economics, 81(3), 649-679. pdf
  • Kaplan, Steven, and Per Strömberg (2004), "Characteristics, Contracts, and Actions: Evidence from Venture Capital Analyses", Journal of Finance 59, 2177-2210. pdf
  • Kortum, Samuel and Josh Lerner (2000), "Assessing the Contribution of Venture Capital to Innovation", Rand Journal of Economics 31: 674-692. pdf
  • Lerner, Josh, and Antoinette Schoar (2005), "Does Legal Enforcement Affect Financial Transactions?: The Contractual Channel in Private Equity", Quarterly Journal of Economics, 120, 223-246. pdf
  • Sahlman, William (1990), "The structure and governance of venture capital organizations", Journal of Financial Economics 27, 473-521. pdf
  • Sorensen, Morten (2007), "How smart is the smart money? A two-sided matching model of venture capital", Journal of Finance 62:6, 2725-62. pdf


Start-Up Commercialization Strategy and the Market for Ideas

Date:           Thursday, July 28th
Session:        Afternoon session 
Instructor:     Scott Stern (MIT Sloan)
Title:          Start-Up Commercialization Strategy and the Market for Ideas
Req'd Readings: 5 (60%)
Rec'd Readings: 14 (14%)

Required readings

  • Arora, A., A. Fosfuri and A. Gambardella (2001), "Markets for Technology and their Implications for Corporate Strategy", Industrial and Corporate Change, 10(2):419-451. pdf
  • Gans, Joshua S. (2011), "When is Static Analysis a Sufficient Proxy for Dynamic Considerations? Reconsidering Antitrust and Innovation", Innovation Policy and the Economy 11. pdf
  • Gans, J.S., and S. Stern (2000), "Incumbency and R&D Incentives: Licensing the Gale of Creative Destruction", Journal of Economics and Management Strategy, 9(4):485-511. pdf
  • Gans, J.S., and S. Stern (2003), "The Product Market and the Market for Ideas: Commercialization Strategies for Technology Entrepreneurs", Research Policy, 32: 333-350 pdf
  • Gans, J.S., D. Hsu and S. Stern (2008), "The Impact of Uncertain Intellectual Property Rights on the Market for Ideas", Management Science, 54(5): 982-997. pdf

Recommended Readings

  • Anton, J.J. and D.A. Yao (1994), "Expropriation and Inventions: Appropriable Rents in the Absence of Property Rights", American Economic Review, 84 190-209. pdf
  • Arora, A. (1995), "Licensing Tacit Knowledge: Intellectual Property Rights and the Market for Know-How", Economics of Innovation and New Technology 4 41-49. pdf
  • Arora, A., A. Fosfuri, and A. Gambardella (2001), "Markets for Technology: The Economics of Innovation and Corporate Strategy". Cambridge, MA: MIT Press. pdf
  • Baumol, W. (2011), "Entrepreneurship, Innovation and Growth: The David-Goliath Symbiosis", http://www.econ.nyu.edu/user/baumolw/sfg.pdf pdf
  • Gans, J.S., and S. Stern (2010), "Is There a Market for Ideas?", Industrial and Corporate Change 19(3): 805-837. pdf
  • Gans, J.S., D.H. Hsu and S. Stern (2002), "When Does Start-up Innovation Spur the Gale of Creative Destruction?", RAND Journal of Economics 33: 571-86. pdf
  • Hellmann, T. (2007), "The role of patents for bridging the science to market gap", Journal of Economic Behavior and Organization, 63(4): 624-657. pdf
  • Hellmann, T, and M. Puri (2000), "The Interaction between Product Market and Financing Strategy: The Role of Venture Capital", Review of Financial Studies,13(4): 959-984 pdf
  • Hsu, D. (2006), "Venture Capitalists and Cooperative Start-up Commercialization Strategy", Management Science, 52: 204-219 pdf
  • Lerner, J. and R. Merges. (1998), "The Control of Technology Alliances: An Empirical Analysis of the Biotechnology Industry", Journal of Industrial Economics. 46 125-156. pdf
  • Lamoreaux, N. and K. Sokoloff (2001), "Market Trade in Patents and the Rise of a Class of Specialized Inventors in the 19th Century United States", American Economic Review Papers and Proceedings, 91(2): 39-44. pdf
  • Levine, A. (2007), "Licensing and Scale Economies in the Biotechnology Pharmaceutical Industry", mimeo., Stanford University. pdf
  • Malmendier, U. and J. Lerner (2004), "Contractibility and the Design of Research Agreements", American Economic Review, 100(1): 214-246. pdf
  • Teece, D. (1986), "Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public Policy", Research Policy 15: 285-305. Friday, July 29th pdf


The Decision to become an Entrepreneur

Date:           Friday, July 29th
Session:        Morning session
Instructor:     Annamaria Lusardi (Dartmouth)
Title:          The Decision to become an Entrepreneur
Req'd Readings: 9 (33%)
Rec'd Readings: 5 (20%)

Required Readings:

  • Ardagna, Silvia and Annamaria Lusardi (2009), "Explaining International Differences in Entrepreneurship: The Role of Individual Characteristics and Regulatory Constraints", in Joshua Lerner and Antoinette Schoar (eds.), "International Differences in Entrepreneurship," Chicago: Univeristy of Chicago Press. pdf
  • Blanchflower, David and Andrew Oswald (1998), "What Makes an Entrepreneur?", Journal of Labor Economics, 16, pp. 26-60. pdf
  • Evans, David and Boyan Jovanovic (1989), "An Estimated Model of Entrepreneurial Choice under Liquidity Constraints", Journal of Political Economy, 97, pp. 808-827. pdf
  • Evans, David and Linda Leighton (1989), "Some Empirical Aspects of Entrepreneurship", American Economic Review, 79, pp. 519-535. pdf
  • Fairlie, Robert and Alicia Robb (2007), "Why Are Black-Owned Businesses Less Successful than White-Owned Businesses? The Role of Families, Inheritances, and Business Human Capital", Journal of Labor Economics, 25(2), pp. 289-323 pdf
  • Gentry, William and Glenn Hubbard (2004), "Entrepreneurship and Household Saving", Advances in Economic Analysis and Policy, 4. pdf
  • Holtz-Eakin, Douglas, David Joulfaian and Harvey Rosen (1994), "Sticking It Out: Entrepreneurial Survival and Liquidity Constraints", Journal of Political Economy, 102, pp. 53-75. pdf
  • Hurst, Erik, and Annamaria Lusardi (2004), "Liquidity Constraints, Household Wealth and Entrepreneurship", Journal of Political Economy, 112, pp. 319-47 pdf
  • Lusardi, Annamaria, Olivia Mitchell and Vilsa Curto (2010), "Financial Literacy among the Young", Journal of Consumer Affairs, Special Issue on Financial Literacy, 44, pp. 358-380. pdf

Recommended Readings:

  • Bhidé, Amar (2000), "The Origin and Evolution of New Businesses", New York: Oxford University Press. pdf
  • Hamilton, Barton (2000), "Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self-Employment", Journal of Political Economy, 108, pp. 604-631 pdf
  • Holtz-Eakin, Douglas, David Joulfaian and Harvey Rosen (1994), "Entrepreneurial Decisions and Liquidity Constraints", Rand Journal of Economics, 25, pp. 334-347. pdf
  • Hout, Michael and Harvey Rosen (2000), "Self-Employment, Family Background, and Race", Journal of Human Resources, 35(4), pp. 670-692. pdf
  • Hurst, Erik and Annamaria Lusardi (2008), "Liquidity Constraints and Entrepreneurship: Household Wealth, Parental Wealth, and the Transition In and Out of Entrepreneurship", in Overcoming Barriers to Entrepreneurship, Lexington Books, Lanham MD, pp. 47-68. pdf


Productivity and Entrepreneurship

Date:           Friday, July 29th
Session:        Afternoon session
Instructor:     John Haltiwanger (University of Maryland)
Title:          Productivity and Entrepreneurship 
Req'd Readings: 5 (90%)
Rec'd Readings: 10 (20%)

Required Readings:

  • Foster, L., J. Haltiwanger and C.J. Krizan (2006), "Market Selection, Reallocation, and Restructuring in the U.S. Retail Trade Sector in the 1990s", Review of Economics and Statistics. pdf
  • Foster, L., J. Haltiwanger, and C. Syverson (2008), "Reallocation, Firm Turnover and Efficiency: Selection on Productivity or Profitability", American Economic Review, March. pdf
  • Haltiwanger, J. (2011), "Job Creation and Firm Dynamics in the U.S.", paper presented at the NBER Innovation and Economic Policy Conference, April, link to paper can be found at NBER website: https://www.nber.org/confer/(2011)/IPEs11/Haltiwanger_NBER_(2011)_March25.pdf pdf
  • Haltiwanger, J., R. Jarmin and J. Miranda (2010), "Who Creates Jobs? Small vs. Large vs.Young", NBER Working Paper No. 16300, August. pdf
  • Syverson, C. (2011), "What Determines Productivity?", Journal of Economic Literature, (forthcoming). Link to paper: http://home.uchicago.edu/~syverson/productivitysurvey.pdf pdf

Recommended Readings:

  • Asplund, M. and V. Nocker (2006), "Firm Turnover in Imperfectly Competitive Markets", Review of Economic Studies, 73(2): 295-327. pdf
  • Baily, M., C. Hulten, and D.Campbell (1992), "Productivity Dynamics in Manufacturing Establishments", Brookings Papers on Economic Activity: Microeconomics, 187-249. pdf
  • Bartelsman, E. and M. Doms (2000), "Understanding Productivity: Lessons from Longitudinal Microdata", Journal of Economic Literature, 38(3): 569-595. pdf
  • Davis, S., and J. Haltiwanger (1999), "Gross Job Flows", in Ashenfelter and Card (eds.),Handbook of Labor Economics, North-Holland: Amsterdam. pdf
  • Davis, S. , J. Haltiwanger, R. Jarmin, C.J. Krizan, J. Miranda, A. Nucci, and K. Sandusky (2009), "Measuring the Dynamics of Young and Small Businesses: Integrating the Employer and Nonemployer Universes", NBER Working paper. No. 13226. Forthcoming in Timothy Dunne, J. Bradford Jensen, and Mark J. Roberts (eds.), "Producer dynamics: new evidence from micro data". pdf
  • Dunne, T. M. Roberts, and L. Samuelson (1988), "Patterns of Firm Entry and Exit in U.S. Manufacturing Industries", RAND Journal of Economics, 19(4): 495-515. pdf
  • Ericson, R. A. Pakes (1995), "Markov Perfect Industry Dynamics: A Framework for Empirical Work", Review of Economic Studies, Vol. 62(1), 53-82. pdf
  • Hopenhayn, H. (1992), "Entry, Exit, and Firm Dynamics in Long Run Equilibrium", Econometrica, 60(5): 1127-1150. pdf
  • Jovanovic, B. (1982), "Selection and the Evolution of Industry", Econometrica, 50(3), 649-670. pdf
  • Melitz, M. and G. Ottaviano (2008), "Market Size, Trade, and Productivity", Review of Economic Studies, January. pdf


Development and Entrepreneurship

Date:           Saturday, July 30th
Session:        Morning session
Instructor:     Antoinette Schoar (MIT Sloan)
Title:          Development and Entrepreneurship
Req'd Readings: 7 (29%)
Rec'd Readings: 5 (20%)

Required Readings

  • Banerjee, A. and Duflo, E. (2004), "Do Firms Want to Borrow More? Testing Credit Constraints Using a Directed Lending Program", MIT Working Paper. pdf
  • Bertrand, M., Schoar, A., (2006), "The role of family in family firms", Journal of Economic Perspectives 20, 73-96. pdf
  • Bruhn, M., D. Karlan, A. Schoar (2010), "What capital is missing in developing countries", American Economic Review, May. pdf
  • De Mel, S., McKenzie, D., and Woodruff, C. (2008), "Returns to Capital in Microenterprises: Evidence from a Field Experiment", The Quarterly Journal of Economics, 123(4): 1329-1372. pdf
  • Karlan, D., and J. Zinman (2009), "Observing Unobservables: Identifying Information Asymmetries With a Consumer Credit Field Experiment", Econometrica 77:1993-2008. pdf
  • La Porta, R., F. López-de-Silanes, A. Shleifer, and R. Vishny (1998), "Law and Finance", Journal of Political Economy, CIV, 1113-1155 pdf
  • Rajan, R., and Zingales, L. (1998), "Financial dependence and growth", American Economic Review, 88: 559-586. pdf

Recommended Readings

  • Bennedson, M., Nielsen, K., Perez-Gonzalez, F., Wolfenzon, D. (2007), "Inside the family firm: the role of families in succession decisions and performance", Quarterly Journal of Economics 122, 647-691. pdf
  • Bertrand, M., S. Johnson, K. Samphantharak and A. Schoar (2008), "Mixing Family With Business: A Study of Thai Business Groups and the Families Behind Them", The Journal of Financial Economics, June, 88 (3), 466-498. pdf
  • Claessens, S., Djankov, S., Lang, L. (2000), "The separation of ownership and control in East Asian Corporation", Journal of Financial Economics 58, 81-112. pdf
  • Schoar, A. (2010), "The Divide Between Subsistence and Transformational Entrepreneurship", in: Innovation Policy and the Economy, Vol. 10, edited by Josh Lerner and Scott Stern, NBER, University of Chicago Press. pdf
  • Udry, C.and Anagol, S. (2006), "The Return to Capital in Ghana", American Economic Review, 96(2): 388-393. pdf


Sociological Approaches to Entrepreneurship

Date:           Saturday, July 30th
Session:        Afternoon session
Instructor:     Olav Sorenson (Yale SOM)
Title:          Sociological Approaches to Entrepreneurship
Req'd Readings: 6 (17%)
Rec'd Readings: 33 (24%)

Required Readings:

  • Nanda, Ramana, and Jesper Sørensen (2010), "Workplace peers and entrepreneurship", Management Science, 56: 1116-1126 pdf
  • Ruef, Martin (2002), "Strong ties, weak ties and islands: Strutural and cultural predictors of organizational innovation", Industrial and Corporate Change, 11: 427-449 pdf
  • Shane, Scott, and Toby E. Stuart (2002), "Organizational endowments and the performance of university startups", Management Science, 48: 154-170 pdf
  • Dahl, Michael S., and Olav Sorenson (2011), 'Home sweet home: Entrepreneurs' location choices and the performance of their ventures" pdf
  • Stuart, Toby E., Ha Hoang and Ralph C. Hybels (1999), "Interorganizational endorsements and the performance of entrepreneurial ventures", Administrative Science Quarterly, 44: 315-349 pdf
  • Leung, Ming D., and Amanda J. Sharkey (2009), "Out of sight, out of mind: The mere labeling effect of multi-category membership in markets" pdf

Suggested additional readings (only those students that are particularly interested should have a look):

1.1 Overviews

  • Thornton, Patricia H. (1999), "The sociology of entrepreneurship", Annual Review of Sociology, 25: 19-46 pdf
  • Stuart, Toby E., and Olav Sorenson (2005), "Social networks and entrepreneurship", pp 211-228 in Alvarez, Agrawal and Sorenson (Eds.), "Handbook of Entrepreneurship Research: Interdisciplinary Perspectives", Springer pdf

1.2 Social relationships

  • Burt, Ronald S. (1992), "Structural Holes: The Social Structure of Competition", Harvard University Press pdf
  • Stuart, Toby E., and Olav Sorenson (2007), "Strategic networks and entrepreneurial ventures", Strategic Entrepreneurship Journal, 1: 211-227 pdf

1.2.1 Influence

  • Stuart, Toby E., and Waverly W. Ding (2006), "Why do scientists become entrepreneurs? The social structural antecedents of commercial activity in the academic life sciences", American Journal of Sociology, 112: 97-144 pdf
  • Nanda, Ramana, and Jesper Sørensen (2010), "Workplace peers and entrepreneurship", Management Science, 56: 1116-1126 pdf

1.2.2 Opportunity recognition

  • Burt, Ronald S. (2004), "Structural holes and good ideas", American Journal of Sociology, 110: 349-399 pdf
  • Renzulli, Lisa A., Howard E. Aldrich and James Moody (2000), "Family matters: Gender, networks, and entrepreneurial outcomes", Social Forces, 79: 523-546 pdf
  • Ruef, Martin (2002), "Strong ties, weak ties and islands: Strutural and cultural predictors of organizational innovation", Industrial and Corporate Change, 11: 427-449 pdf
  • Ryall, Michael and Olav Sorenson (2007), "Brokers and competitive advantage", Management Science, 53: 566-583 pdf
  • Lee, Jeongsik (2010), "Heterogeneity, Brokerage, and Innovative Performance: Endogenous formation of collaborative inventor networks", Organization Science, 21: 804-822 pdf

1.2.3 Resource mobilization

  • Uzzi, Brian (1996), "The sources and consequences of embeddedness for economic performance of organizations", American Sociological Review, 61: 674-698 pdf
  • Sorenson, Olav, and David M.Waguespack (2006), "Social networks and exchange: Selfconfirming dynamics in Hollywood", Administrative Science Quarterly, 51: 560-589 pdf
  • Sorenson, Olav, and Toby E. Stuart (2001), "Syndication networks and the spatial distribution of venture capital investments", American Journal of Sociology, 106: 156-1588 pdf
  • Shane, Scott, and Toby E. Stuart (2002), "Organizational endowments and the performance of university startups", Management Science, 48: 154-170 pdf
  • Hallen, Benjamin L. (2008), "The causes and consequences of the initial network positions of new organizations: From whom do entrepreneurs receive investments?" pdf
  • Ruef, Martin, Howard E. Aldrich and Nancy M. Carter (2003), "The structure of founding teams: Homophily, strong ties, and isolation among U.S. entrepreneurs", American Sociological Review, 68: 195-222 pdf
  • Ruef, Martin (2010), "The Entrepreneurial Group: Social Identities, Relations, and Collective Action", Princeton University Press Google Books

1.2.4 Consequences

  • Sorenson, Olav and Pino G. Audia (2000), "The social structure of entrepreneurial activity: Geographic concentration of footwear production in the United States, 1940-1989", American Journal of Sociology, 106: 424-462 pdf
  • Hochberg, Yael V., Alexander Ljungqvist and Yang Lu (2007), "Whom you know matters: Venture capital networks and investment performance", Journal of Finance, 62:251-301 pdf
  • Dahl, Michael S., and Olav Sorenson (2011), "Home sweet home: Entrepreneurs' location choices and the performance of their ventures" pdf

1.3 Status

  • Podolny, Joel M. (1993), "A status-based model of market competition", American Journal of Sociology, 98: 829-872 pdf
  • Stuart, Toby E., Ha Hoang and Ralph C. Hybels (1999), "Interorganizational endorsements and the performance of entrepreneurial ventures", Administrative Science Quarterly, 44: 315-349 pdf
  • Hsu, David (2004), "What do entrepreneurs pay for venture capital affiliation?", Journal of Finance, 59: 1805-1844 pdf
  • Roberts, Peter W., Mukti Khaire and Christopher Rider (2011), "Isolating the symbolic implications of employee mobility: Price increases after hiring winemakers from prominent wineries", American Economic Review, 101: in press pdf

1.4 Categories

  • Zuckerman, Ezra W. (1999), "The categorical imperative: Securities analysts and the illegitimacy discount", American Journal of Sociology, 104: 1346-1397 pdf
  • Zuckerman, Ezra W., Tai-Young Kim, Kalinda Ukanwa and James von Rittmann (2003), "Robust identities or non-entities? Typecasting in the feature film labor market", American Journal of Sociology, 108: 1018-1075 pdf

1.4.1 Industry emergence

  • Ruef, Martin (2000), "The emergence of organizational forms: A community ecology approach", American Journal of Sociology, 106: 658-714 pdf
  • McKendrick, David G., Jonathan Jaffee, Glenn R. Carroll and Olga M. Khessina (2003), "In the bud? Disk array producers as a (possibly) emergent organizational form", Aministrative Science Quarterly, 48: 60-93 pdf
  • Navis, Chad, and Mary Ann Glynn (2010), "How new market categories emerge:Temporal dynamics of legitimacy, identity, and entrepreneurship in satellite radio, 1990-2005", Administrative Science Quarterly, 55: 439-471 pdf

1.4.2 Legitimacy

  • Baron, James N., Michael T. Hannan and M. Diane Burton (2001), "Labor pains: Change in organizational models and employee turnover in young, high-tech firms", American Journal of Sociology, 106: 960-1012 pdf
  • Ruef, Martin, and Kelly Patterson (2009), "Credit and classification: The impact of industry boundaries on nineteenth-century America", Administrative Science Quarterly, 54: 486-520 pdf
  • Leung, Ming D., and Amanda J. Sharkey (2009), "Out of sight, out of mind: The mere labeling effect of multi-category membership in markets" pdf
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