University of Chicago

Recent Events

News & Analysis

management and university of chicago - All News and Analysis

• Do Household Savings Encourage Entrepreneurship?

  BNET - 2006-03-01

  Entrepreneurs have traditionally played an important role in economic growth. They central to many issues in both economic theory and public policy. Because of their importance, many countries have programs and institutions aimed to encourage entrepreneurship. Many leading empirical papers show that, despite the attempts of governmental agencies in general...

  Tags: University Of Chicago, Liquidity, Entrepreneurship, Investment, Management, Finance

• The Market for Personal Digital Assistants

  BNET - 2005-01-31

  Manufacturers of high-tech hardware have become increasingly aware that the availability of compatible third-party software strongly influences sales of their products. A new study finds that compatible software will have increased impact on hardware sales in the future. "Firms should evaluate the cost of investing in improving their product or...

  Tags: Software, University Of Chicago, Sales Strategy, Tools & Techniques, Sales Force Management, PDAs, Sales, Management, Handhelds, Hardware

• Progressively Predicting New Product Performance

  BNET - 2005-01-31

  The movie industry provides one of the biggest marketing challenges for forecasting sales performance for new products. However, a new model created by Pradeep K. Chintagunta, a professor at the University of Chicago Graduate School of Business, and Ramya Neelamegham of the Amrita Institute of Management in India, now makes...

  Tags: Forecasting, Management, Movie, Movie Industry, Performance, Sales, Sales Force Management, Strategy, University Of Chicago

• Promoting Global Economic Growth: The Productivity Challenge

  BNET - 2004-08-01

  Innovations in Information Technology IT have spurred productivity growth, but technological growth alone does not explain performance. Because IT flows freely, US strength must stem at least partly from policies that allow firms to use new technology most effectively. The key policy challenge is to provide an economic policy environment...

  Tags: Innovation, Entrepreneur, University Of Chicago, Entrepreneurship, Leadership, Strategy, Management

• Learning To Be An Entrepreneur

  BNET - 2004-07-01

  Is entrepreneurial talent entirely innate or do people learn to become entrepreneurs? We extend Lucas's model of entrepreneurship to allow for the possibility entrepreneurial talents may be acquired by watching other entrepreneurs in action. This model implies that areas with more firms have higher average firm productivity. We confirm this...

  Tags: Entrepreneurial, Entrepreneur, University Of Chicago, Entrepreneurial Talent, Entrepreneurship, Management

• Market Structure And Productivity: A Concrete Example

  BNET - 2004-03-01

  Many studies have documented large and persistent productivity differences across producers, even within narrowly defined industries. This paper both extends and departs from the past literature, which focused on technological explanations for these differences, by proposing that demand-side features also play a role in creating the observed productivity variation. The...

  Tags: University Of Chicago, Channel Management, Strategy, Marketing, Management

• A Dynamic Model Of Entrepreneurship With Borrowing Constraints (Job Market Paper)

  BNET - 2003-11-01

  This paper studies the interaction between individuals' savings and the decision to become an entrepreneur in a multi-period model with borrowing constraints. Able individuals who start with wealth above a threshold purposely save to become entrepreneurs, while those who start below this threshold fall into a 'poverty trap' and remain...

  Tags: Job, Entrepreneur, University Of Chicago, Entrepreneurship, Management

• Network Effects in the Governance of Biotech Strategic Alliances

  BNET - 2002-11-25

  This paper argues that the stock of prior alliances between participants in the biotechnology sector forms a network that serves as a governance mechanism in inter-firm transactions. To test how this network substitutes for other governance mechanisms, this paper examines how equity participation and pledged funding in strategic alliances vary...

  Tags: Alliance, Network Effect, Network, University Of Chicago, Equity, Biotechnology, Investment, Strategy, Financial Services, Networking, Finance, Management

• The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle?

  BNET - 2002-02-15

  This paper talks about Entrepreneurial investment, which is extremely concentrated, yet despite its poor diversification, we find that the returns to private equity are not higher than the returns to public equity. Given the large public equity premium, it is puzzling why households willingly invest substantial amounts in a single...

  Tags: Entrepreneurial, Private Equity, University Of Chicago, Investment, Entrepreneurship, Financial Services, Finance, Management

• Value Investing: The Use Of Historical Financial Statement Information To Separate Winners From Losers

  BNET - 2002-01-01

  From the executive summary: ‘The paper examines whether a simple accounting-based fundamental analysis strategy, when applied to a broad portfolio of high Book-to-Market BM firms, can shift the distribution of returns earned by an investor. Considerable research documents the returns to a high BM investment strategy. However, the success of...

  Tags: Financial, Financial Statement, University Of Chicago, Financial Statements, Financial Accounting, Strategy, Investment, Finance, Management