Gustavo Manso
Associate Professor of Finance
William A. and Betty H. Hasler Chair in New Enterprise Development
Haas School of Business, University of California at Berkeley


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Journal Articles

Incentives to Innovate and the Decision to Go Public or Private
with Daniel Ferreira and Andre Silva
Review of Financial Studies vol. 27, pp. 256--300, 2014

Libertarian Paternalism, Information Sharing, and Financial Decision-Making
with Bruce Carlin and Simon Gervais.
Review of Financial Studies vol. 26, pp.2204-2228, 2013

Feedback Effects of Credit Ratings
Journal of Financial Economics vol. 109, pp. 535--548, 2013

Is Pay-for-Performance Detrimental to Innovation?
with Florian Ederer
Management Science vol. 59, pp. 1496--1513, 2013

Incentives and Creativity: Evidence from the Academic Life Sciences
with Pierre Azoulay and Joshua Graff Zivin
Rand Journal of Economics vol. 42, pp. 527-554, 2011

Motivating Innovation
Journal of Finance, vol. 66, pp. 1823-1869, 2011

Governance Through Trading and Intervention: A Theory of Multiple Blockholders
with Alex Edmans
Review of Financial Studies vol. 24, pp. 2395-2428, 2011

The Relative Contributions of Private Information Sharing and Public Information Releases to Information Aggregation
with Darrell Duffie and Semyon Malamud
Journal of Economic Theory, vol. 145, pp. 1574-1601, 2010

Obfuscation, Learning, and the Evolution of Investor Sophistication
with Bruce Carlin
Review of Financial Studies, vol. 24, pp. 754-785, 2011

Information Percolation with Equilibrium Search Dynamics
with Darrell Duffie and Semyon Malamud
Econometrica, vol. 77, pp. 1513-1574, 2009

Performance-Sensitive Debt
with Bruno Strulovici and Alexei Tchistyi
Review of Financial Studies, vol. 23, pp. 1819-1854, 2010

Information Percolation
with Darrell Duffie and Gaston Giroux
American Economic Journal: Microeconomics, vol. 2, pp. 100-111, 2010

Investment Reversibility and Agency Cost of Debt
Econometrica, vol. 76, 437-442, 2008

Information Percolation in Large Markets
with Darrell Duffie
American Economic Review P&P, vol. 97, 203-209, 2007

Book Chapters

NIH Peer Review: Challenges and Avenues for Reform
with Pierre Azoulay and Joshua Graff Zivin
NBER Book Series on Innovation Policy and the Economy (forthcoming)

Incentives for Innovation: Bankruptcy, Corporate Governance, and Compensation Systems
with Florian Ederer
Handbook of Law, Innovation, and Growth , Edward Elgar Publishing, 2011

Working Papers

Experimentation and the Returns to Entrepreneurship
2014 Entrepreneurial Finance and Innovation Conference Asper Best Paper Award

Independent Boards and Innovation + (simple theory model)
with Benjamin Balsmeier and Lee Fleming.

Information Percolation in Segmented Markets
with Darrell Duffie and Semyon Malamud.

Macroeconomic Risk and Debt Overhang
with Hui Chen.