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Industry Concentration and Average Stock Returns
Firms in more concentrated industries earn lower returns, even after controlling for size, book-to-market, momentum, and other return determinants. Explanations based on chance, measurement error,Expand
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Strategic Alliances and the Boundaries of the Firm
Strategic alliances are long-term contracts between legally distinct organizations that provide for sharing the costs and benefits of a mutually beneficial activity. In this paper, I develop and testExpand
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Strategic alliances, venture capital, and exit decisions in early stage high-tech firms
We study the trade-offs that biotech start-ups face in the private equity market when they choose between raising firm-level capital from venture capitalists or project-level capital from strategicExpand
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Financial Education and Timely Decision Support: Lessons from Junior Achievement
Using data from a finance theme park at Junior Achievement of Southern California, we explore how timely decision support is impacted by previous exposure to financial education. Some studentsExpand
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A novel systemically administered toll-like receptor 7 agonist potentiates the effect of ionizing radiation in murine solid tumor models
Although topical TLR7 therapies such as imiquimod have proved successful in the treatment of dermatological malignancy, systemic delivery may be required for optimal immunotherapy ofExpand
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TLR7 tolerance is independent of the type I IFN pathway and leads to loss of anti-tumor efficacy in mice
Systemic administration of small molecule toll-like receptor (TLR)-7 agonists leads to potent activation of innate immunity and to the generation of anti-tumor immune responses. However, activationExpand
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Market Structure, Internal Capital Markets, and the Boundaries of the Firm
We study how the creation of an internal capital market (ICM) can invite strategic responses in product markets that, in turn, shape firm boundaries. ICMs provide ex post resource flexibility, butExpand
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Fear and Loathing in Las Vegas: Evidence from Blackjack Tables
Psychologists study regret primarily by measuring subjects' attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. ToExpand
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