Working Papers

How community Ideology Influences How Much Firms Pollute (Job Market Paper)

Abstract: Utilizing ten years of panel data on 13,198 US commercial facilities, this study examines whether community ideology in which the facility is located influences the amount of hazardous pollution facilities emit. Countering both the lay and academic perspectives which predict that a facility’s toxic emissions would increase in the conservatism of its political context, I find that emissions of hazardous pollution decline with the conservatism of the local community, where a facility is located. Such relationship between community conservatism and facility hazardous pollution is more salient when a facility is less embedded in the community and is located in an otherwise liberal state. I theorize that a strong sense of group identity and a narrow moral boundary associated with conservatism delineates why – contrary to our common beliefs – facilities would pollute less as the community becomes increasingly conservative.

Gender and Entrepreneurship: A Meta-Analytic Synthesis and Extension (with David Gaddis Ross, Revise & Resubmit at Strategic Management Journal)

Abstract: To cumulate and reconcile conflicting results in the research on gender and entrepreneurship, we meta-analyze 97 primary studies on entrepreneurial entry, financing, and performance, test existing explanations for gender differences, and propose alternative explanations grounded in self-efficacy, credit rationing, and growth orientation. We find gender differences in proclivity for entry shrink over the launch process; women face more discrimination in access to, than in the terms of, financing; ventures led by women are smaller and grow more slowly than those led by men but are equally profitable; venture industry largely explains gender differences in financing and performance; and, relative to men, female entrepreneurs do worse in the USA than elsewhere. Several of our results rely on a new technique we develop for meta-analyzing regression coefficients.

A Pursuit of Lower-Risk Innovation: Acquisition and the Interdependence between Technological and Marketing Capabilities (with Gwendolyn K. Lee, Reject & Resubmit at Strategic Management Journal)

Abstract: A capabilities-based perspective on acquisition has explained how technological capabilities motivate firms to use acquisition as a mode of corporate boundary expansion and to select acquisition targets. However, marketing capabilities have not been linked to either the motivation for acquisition or acquirer-target pairing. In this paper, we extend the capabilities-based perspective by making that link. Specifically, we examine the interdependence between technological and marketing capabilities, and analyze how marketing and technological capabilities are combined within firms as well as between firms. We assemble various empirical observations across multiple sources using different samples of biopharmaceutical firms over the period 1985-2019. The observations suggest that the interdependence between technological and marketing capabilities could be a mechanism through which acquisition is linked to a pursuit of lower-risk innovation.