March 25, 2013
Winter 2013 CCS Noon Lecture Series - Xun (Brian) Wu
Institutional Barriers and Industry Dynamics
April 2, 2013
Tuesday 12 noon to 1:00 pm
Room 1636 School of Social Work Building
1080 South University
This study demonstrates new entrants exhibit higher productivity but also higher exit hazard than incumbents in post-liberalization China. We argue this seemingly paradoxical relationship is attributable to institutional barriers, defined as the hindrance in the institutional environment that prevents market selection forces to function. New entrants require higher productivity to compensate for those institutional barriers, which in turn implies a higher exit hazard after controlling for productivity. Our empirical findings support this argument, and further show that the differences in productivity and exit hazard between new entrants and incumbents become smaller where and when institutional barriers recede. By integrating economic and institutional perspectives, we highlight the importance of institutional factors in shaping industry evolution.
Xun (Brian) Wu is an Assistant Professor of Strategy at the Ross School of Business at the University of Michigan. He received his B.S. from Tsinghua University in China, M.Sc. from National University of Singapore, and Ph.D. from the Wharton School at the University of Pennsylvania prior to joining the Ross School of Business in 2007. Brian Wu's work focuses on the interactions of firm capabilities, corporate strategy, and industry evolution. This research addresses issues such as market entry, corporate diversification, firm innovation, and entrepreneurship. His work has been published or is forthcoming in Management Science and Strategic Management Journal. His research has also been recognized with several awards, including the AOM Technology and Innovation Management (TIM) Division Stephan Schrader Best Conference Paper Award and the US Small Business Administration Best Student Paper Award. In addition, his dissertation is a finalist for the INFORMS Organization Science Dissertation Proposal Competition. More recently, he was nominated for the Ross Junior Faculty Research Award, was a runner-up for the Academy of Management Technology and Innovation Management Division Past Chairs Emerging Scholar Award, and won the 3M Nontenured Faculty Award.
Posted by zzhu at March 25, 2013 05:06 PM