Market catalysts, like incubators, science parks, and junior stock exchanges, are created with the intention of stimulating venture creation and economic growth. However, a study published in the Strategic Management Journal shows that intermediaries have un-intended negative consequences. Bob Eberhart, a graduate of Stanford’s Department of Management Science and Engineering, and Charles Eesley, an Associate Professor in Stanford’s Department of Management Science and Engineering, analyzed the performance of over 19,000 firms in Japan. Their study shows that increased competition and information asymmetry unintentionally led to fewer quality IPOs and ultimately less economic growth.
Related
Qasar Younis,
Applied Intuition
Radically Pragmatic Insights [Entire Talk]
Becoming a successful entrepreneur requires more than ambition.
Qasar Younis,
Applied Intuition
Radically Pragmatic Insights [Entire Talk]
Becoming a successful entrepreneur requires more than ambition.
Sharon Prince,
Grace Farms Foundation
Designing From Values [Entire Talk]
A space is an expression of values, from the earliest concepts to the actual materials.
Sharon Prince,
Grace Farms Foundation
Designing From Values [Entire Talk]
A space is an expression of values, from the earliest concepts to the actual materials.
Sophia Edelstein and Nathan Kondamuri,
Pair Eyewear
From Stanford Students to Co-CEOs [Entire Talk]
Mission and culture are essential to taking a company from its earliest days to unbelievable growth.
Sophia Edelstein and Nathan Kondamuri,
Pair Eyewear
From Stanford Students to Co-CEOs [Entire Talk]
Mission and culture are essential to taking a company from its earliest days to unbelievable growth.
