Does Career Risk Deter Potential Entrepreneurs?

Does Complexity Deter Customer-focus?

Economic models suggest that firms use a simple cost-benefit calculation to evaluate customer requests for new product features, but an extensive organizational literature shows the decision to implement innovation is more nuanced. We address this theoretical tension by studying how firms respond to customer requests for incremental product innovations, and how these responses change when the r...

Does Capital Punishment Deter Murder?

Ethical, philosophical and religious values are central to the continuing controversy over capital punishment. Nevertheless, factual evidence can and should inform policy making. The evidence for capital punishment as an uniquely effective deterrent to murder is especially important, since deterrence is the only major pragmatic argument on the pro-death penalty side.1 The purpose of this paper ...

“ Does Shareholder Litigation Deter Insider Trading ? ” on

This paper examines the possible deterrent effect of actual shareholder litigation on insider trading behavior for both defendant firms and their industry peers. We construct a composite index to capture the strength of a lawsuit as reflected in its merits and the rigorousness of the litigation process. Using a large litigation sample from 1996 to 2009, we find a significant decrease in the int...

How Does Enforcement Deter Gray Market Incidence ?

Gray market activity has become increasingly prevalent. The prevailing wisdom in marketing is to use more severe enforcement to deter gray marketing. However, the certainty and speed of enforcement may also have a bearing on the incidence of violations. This article examines whether and how enforcement deters gray marketing. The results from a field survey of manufacturers and an experimental d...

Entrepreneurs and Risk Avoidance