{"title":"Halting the Momentum? The Effect of Social Buffering on the Craft Focus of Wholesaler Portfolios","authors":"Tunde Cserpes, Ingo Kleindienst","doi":"10.2139/ssrn.3413123","DOIUrl":"https://doi.org/10.2139/ssrn.3413123","url":null,"abstract":"We identify which specific types of wholesalers were distributing products from anincreasingly important niche segment of the beer industry, namely craft beer. As traditional recommendations of the strategy literature disregard lock-ins from previous market ties are present, we introduce the notion of social buffering to indicate the embeddedness of organizations into their history of cumulative relationships. We use longitudinal data on distributor establishments and their local portfolio composition between 1997–2016 from three different U.S. states. Our results reveal that it is distributors that are able both to leverage positional strategies in their local portfolios and free themselves from the lock-in associated with their historically beneficial social and market relationships with the large brewers who distribute craft.","PeriodicalId":448360,"journal":{"name":"Kauffman: Small Research Projects (Topic)","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116093573","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Business Owners, Financial Risk, and Wealth","authors":"T. Gurley-Calvez","doi":"10.2139/ssrn.1658095","DOIUrl":"https://doi.org/10.2139/ssrn.1658095","url":null,"abstract":"Using 1989 to 2007 Survey of Consumer Finances data, this paper addresses three questions: 1) Are business owners generally more or less financially conservative than their non-business-owning counterparts?; 2) Do business owners accumulate more wealth?; and, 3) Do business owners hold a smaller share of their financial assets in risky stock holdings? Results indicate that business owners are financially conservative based on borrowing and savings questions but are more likely to be willing to assume above-average risk for financial gain. Consistent with earlier evidence that entrepreneurs save more, business owners accumulate more wealth over time. Business owners and non-business owners invest similar shares of their financial portfolios in safe assets. Taken together, the results suggest that policies aimed at increasing business ownership should focus on helping households identify high-value business opportunities through transparent tax, legal, and regulatory systems. Efforts to reduce risk should focus on the business venture, such as full loss offsets, rather than focusing on reductions in other financial risks.","PeriodicalId":448360,"journal":{"name":"Kauffman: Small Research Projects (Topic)","volume":"150 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122156669","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Predicting the Next Big Thing: Success as a Signal of Poor Judgment","authors":"Jerker Denrell, Christina Fang","doi":"10.1287/mnsc.1100.1220","DOIUrl":"https://doi.org/10.1287/mnsc.1100.1220","url":null,"abstract":"Successfully predicting that something will become a big hit seems impressive. Managers and entrepreneurs who have made successful predictions and have invested money on this basis are promoted, become rich, and may end up on the cover of business magazines. In this paper, we show that an accurate prediction about such an extreme event, e.g., a big hit, may in fact be an indication of poor rather than good forecasting ability. We first demonstrate how this conclusion can be derived from a formal model of forecasting. We then illustrate that the basic result is consistent with data from two lab experiments as well as field data on professional forecasts from the Wall Street Journal Survey of Economic Forecasts.","PeriodicalId":448360,"journal":{"name":"Kauffman: Small Research Projects (Topic)","volume":"138 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123479980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"To Disclose or Not? An Analysis of Software User Behavior","authors":"D. Nizovtsev, Marie C. Thursby","doi":"10.2139/ssrn.899863","DOIUrl":"https://doi.org/10.2139/ssrn.899863","url":null,"abstract":"This paper addresses the ongoing debate over disclosing information about software vulnerabilities through an open public forum. Using a game-theoretic approach, we show that full public disclosure may be an equilibrium strategy in a game played by rational loss-minimizing agents. We provide conditions under which full public disclosure of vulnerabilities is desirable from a social welfare standpoint. We analyze the effect of several vendor and product characteristics and the composition of the pool of software users on the decisions to disclose and on social welfare. We also examine models in which users may spend effort to develop a fix or threaten vendors to disclose after a grace period. We show that to the extent that users are able to develop fixes for discovered vulnerabilities without inordinate effort, welfare is further improved. This is more likely the more familiar users are with the details of software providing an argument for \"open source\" software.","PeriodicalId":448360,"journal":{"name":"Kauffman: Small Research Projects (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130487135","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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