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- Publications
- Influence
Motivating Innovation
- G. Manso
- 26 November 2010
Motivating innovation is an important concern in many incentive problems. For example, shareholders of large corporations often need to motivate managers to pursue more innovative business… Expand
Is Pay for Performance Detrimental to Innovation?
- Florian Ederer, G. Manso
- Economics, Computer Science
- Manag. Sci.
- 4 August 2009
TLDR
Governance Through Trading and Intervention: A Theory of Multiple Blockholders
- Alex Edmans, G. Manso
- Economics
- 29 June 2011
Traditional theories argue that governance is strongest under a single large blockholder, as she has high incentives to undertake value-enhancing interventions. However, most firms are held by… Expand
Incentives and Creativity: Evidence from the Academic Life Sciences
- Pierre Azoulay, Joshua Graff Zivin, G. Manso
- Economics, Political Science
- 1 October 2009
Despite its presumed role as an engine of economic growth, we know surprisingly little about the drivers of scientific creativity. In this paper, we exploit key differences across funding streams… Expand
Independent Boards and Innovation
- B. Balsmeier, L. Fleming, G. Manso
- Business
- 1 March 2017
Much research has suggested that independent boards of directors are more effective in reducing agency costs and improving firm governance. How they influence innovation is less clear. Relying on… Expand
Feedback effects of credit ratings
- G. Manso
- Economics
- 1 August 2013
Rating agencies are often criticized for being biased in favor of borrowers, for being too slow to downgrade following credit quality deterioration, and for being oligopolists. Based on a model that… Expand
Information Percolation in Large Markets
We introduce a simple model of the “percolation” of information of common interest through a large market, as agents encounter each other over time and reveal information to each other, some of which… Expand
Experimentation and the Returns to Entrepreneurship
- G. Manso
- Economics
- 31 October 2015
Previous studies have argued that entrepreneurs earn less and bear more risk than salaried workers with otherwise similar characteristics. In a simple model of entrepreneurship, I show that estimates… Expand
Performance-Sensitive Debt
- G. Manso, Bruno H. Strulovici, Alexei Tchistyi
- Economics
- 1 May 2010
This paper studies performance-sensitive debt (PSD), the class of debt obligations whose interest payments depend on some measure of the borrower’s performance. We demonstrate that the existence of… Expand
Incentives to Innovate and the Decision to Go Public or Private
- D. Ferreira, G. Manso, A. C. Silva
- Economics
- 1 March 2010
We model the impact of public and private ownership structures on firms' incentives to invest in innovative projects. We show that it is optimal to go public when exploiting existing ideas and… Expand