WEFI

Jennifer Kao (UCLA)

“Representation in Product Development: Evidence from Insurance and Clinical Trials” (paper) coauthor Tamar Oostrom, OSU Discussed by: Tong Liu (MIT) Abstract We investigate the causes and consequences of demographic disparities in product development. In 2000, Medicare extended coverage for clinical trial costs, lowering the cost of participation for elderly enrollees. This policy shifted the rate …

Katja Kisseleva-Scherenberger (Frankfurt School of Finance & Management)

“With a Little Help from My Family: Informal Startup Financing” (paper) coauthors Brian K. Baik (Harvard Business School) and Johan Karlsen (Norwegian School of Economics) Discussed by: Tom Meling (OSU) Abstract Using a unique dataset that contains financial information of Norwegian startups and their investors, we depict the characteristics of informal financing, which are startup investments …

Apoorv Gupta (Dartmouth)

“Demographics and Technology Diffusion: Evidence from Mobile Payments” (paper) coauthors Nicolas Crouzet (Northwestern), Pulak Ghosh (India Inst. of Mgmt) and Filippo Mezzanotti (Northwestern) Discussed by: Boris Vallee (HBS) Abstract Using data on the adoption of mobile payment systems in India, we argue that the age composition of the population can impact the diffusion of new …

Daniel Karpati (ESE Rotterdam)

“Self-Employed Mothers: Child Penalties, Maternity Benefits, and Family Health” (paper) coauthors  Fabrizio Core, ESE Rotterdam. Discussed by: Elena Simintzi (UNC) Abstract We study the effects of motherhood on self-employed women’s business activity, and the moderating role of maternity benefits. Using rich administrative data from the Netherlands, we first document that childbirth reduces the business revenue …

Yiming Qian (UConn)

Paper Title: “From Competitors to Partners: Banks’ Venture Investments in Fintech” We hypothesize and find evidence that banks use financial investments in fintech startupsas a strategic approach to navigate fintech competition. We first document that banks’venture investments have increasingly focused on fintech firms. We find that banks fac-ing greater fintech competition are more likely to …

Ye Zhang (SSE)

Paper Title: Does ESG Investing Help VC Funds to Attract Startups? Experimental Evidence This paper studies how venture capitalists’ (VCs) ESG investments affect startups’ fundraising decisions, using complementary experiments with actual US startup founders. Results reveal the divergent effects of E and S. Founders are reluctant to collaborate with environmental VCs due to concerns about …

Yuheng Ding (World Bank)

Paper Title: Mega Firms and Recent Trends in the U.S. Innovation: Empirical Evidence from the U.S. Patent Data We use the U.S. patent data merged with firm-level datasets to establish new facts about the role of mega firms in generating “novel patents”—innovations that introduce new combinations of technology components for the first time. While the …