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

Independent Boards and Innovation
with Benjamin Balsmeier and Lee Fleming.
Journal of Financial Economics (forthcoming)

Experimentation and the Returns to Entrepreneurship
Review of Financial Studies (forthcoming)

Information Percolation in Segmented Markets
with Darrell Duffie and Semyon Malamud.
Journal of Economic Theory vol. 157, pp. 1130-1158, 2015

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 vol.13, pp 1-21, 2013

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

Working Papers

Heterogeneous Innovation over the Business Cycle
with Benjamin Balsmeier and Lee Fleming.

Innovation Search Strategy and Predictable Returns: A Bias for Novelty
with Tristan Fitzgerald, Benjamin Balsmeier, and Lee Fleming.

Shareholder Litigation and Corporate Innovation
with Chen Lin and Sibo Liu.

Macroeconomic Risk and Debt Overhang
with Hui Chen.