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

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Research


Research Publications

Recommendations with Feedback
with Ganesh Iyer.
Review of Financial Studies (forthcoming)

Biased Auctioneers
with Mathieu Aubry, Roman Kraussl, and Christophe Spaenjers
Journal of Finance (forthcoming)

Heterogeneous Innovation over the Business Cycle
with Benjamin Balsmeier and Lee Fleming.
Review of Economics and Statistics (forthcoming)

Shareholder Litigation and Corporate Innovation
with Chen Lin and Sibo Liu.
Management Science vol. 67, 3346-3367, 2021

Innovation Search Strategy and Predictable Returns
with Tristan Fitzgerald, Ben Balsmeier, and Lee Fleming.
Management Science vol. 67, 1109-1137, 2021

Independent Boards and Innovation
with Benjamin Balsmeier and Lee Fleming.
Journal of Financial Economics vol. 123, 536-557, 2017

Macroeconomic Risk and Debt Overhang
with Hui Chen.
Review of Corporate Finance Studies vol. 6, 1-38, 2017

Experimentation and the Returns to Entrepreneurship
Review of Financial Studies vol. 29, 2319-2340, 2016

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


Review Articles and Book Chapters

Creating Incentives for Innovation
California Management Review vol. 60, 18-32, 2017

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

The Salience of Entrepreneurship: Evidence from Online Business
with Yi Huang, Chen Lin, and Sibo Liu.

The Impact of Connectivity on the Production and Diffusion of Knowledge
with Farzad Pourbabaee

The Streetlight Effect in Data-Driven Exploration
with Johannes Hoelzemann, Abhishek Nagaraj, and Matteo Tranchero