Faculty Research

Technology license agreements as public–private partnerships for economic development: evaluations using surveys, input–output modeling, and regression analysis

Erik William Jeffries — Fri, 18 Jul 2025 15:15:12 +0000

Technology license agreements as public–private partnerships for economic development: evaluations using surveys, input–output modeling, and regression analysis Erik William J… Fri, 07/18/2025 - 09:15

Raile, Eric D.; Austin, Eric K.; Wallner, Michael P.; Peterson, Jeffrey; Lewandowski, Brian; Kapps, Derek; Sellegren, Bridger; Hutton, Joe. Journal of Innovation & Entrepreneurship. 2/3/2025, Vol. 14 Issue 1, p1-23.

Technology license agreements as public–private partnerships for economic development: evaluations using surveys, input–output modeling, and regression analysis. Raile, Eric D.; Austin, Eric K.; Wallner, Michael P.; Peterson, Jeffrey; Lewandowski, Brian; Kapps, Derek; Sellegren, Bridger; Hutton, Joe. Technology license agreements as public–private partnerships for economic development: evaluations using surveys, input–output modeling, and regression analysis. Journal of Innovation & Entrepreneurship. 2/3/2025, Vol. 14 Issue 1, p1-23. We evaluate license agreements as a form of technology transfer that constitutes a public–private partnership (PPP) with the primary goal of economic development. These license agreements permit entrepreneurs and other businesses to turn government innovations into earnings. We constructed a complete database of all license agreements between the U.S. Department of Defense and private industry from 2000 to 2021. We first surveyed the companies involved, achieving a 96% response rate. The subsequently anonymized responses allowed us to generate sales numbers and to model a variety of other national economic impacts. We tallied approximately $32 billion in direct sales across 590 license agreements. While the majority of license agreements with sales belong to smaller companies (which often attract additional investment), some large companies generate higher revenues. Further statistical modeling with the heavily anonymized data identifies features of license agreement situations that influence economic outcomes. Technology license agreements are a form of PPP that performs well against its goal of economic development without the downsides of some PPPs. Importantly, entrepreneurs can use this form of PPP to attract investment and to generate jobs and other societal benefits.

https://innovation-entrepreneurship.springeropen.com/articles/10.1186/s13731-025-00467-y

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The demotivating impact of absenteeism in nursing homes.

Erik William Jeffries — Thu, 03 Jul 2025 21:21:44 +0000

The demotivating impact of absenteeism in nursing homes. Erik William J… Thu, 07/03/2025 - 15:21

Roussillon Soyer, Claude; St‐Onge, Sylvie; Igalens, Jacques; Balkin, David B. The demotivating impact of absenteeism in nursing homes. Journal of Nursing Management. Sep2021, Vol. 29 Issue 6, p1679-1690.

Aim: The study explores how prevailing absenteeism frustrates or thwarts nurses' and nursing assistants' basic psychological needs (autonomy, competence and relatedness), using self‐determination theory. Background: Our study responds to the call to investigate how organisational characteristics influence employees' psychological need, satisfaction and their attitudes and behaviours. Method: We conducted a semantic analysis of the discourse of 42 nurses and nursing assistants working in nursing homes for older dependent people in France. Results: The analysis subdivides participants' discourse into four themes: short‐term absenteeism, lack of competence, lack of recognition and work overload. These themes are all linked to participants' perceived deficits or threats concerning their psychological needs. Conclusions: The prevailing absenteeism has a harmful spiral impact on nurses' and nursing assistants' attitudes and behaviours, and, ultimately, on the quality of care received by the patients. Implications for Nursing Management: Our study confirms the need to adopt various managerial actions to address the following interrelated issues: controlling short‐term absences, reducing work overload and giving training and recognition.

https://pubmed.ncbi.nlm.nih.gov/33772934/

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Investor memory of past performance is positively biased and predicts overconfidence.

Erik William Jeffries — Thu, 03 Jul 2025 21:19:50 +0000

Investor memory of past performance is positively biased and predicts overconfidence. Erik William J… Thu, 07/03/2025 - 15:19

Walters, Daniel J.; Fernbach, Philip M. Investor memory of past performance is positively biased and predicts overconfidence. Proceedings of the National Academy of Sciences of the United States of America. 9/7/2021, Vol. 118 Issue 36, p1-8.

We document a memory-based mechanism associated with investor overconfidence. In Studies 1 and 2, investors were asked to recall their most important trades in the recent past and then reported investing confidence and trading frequency. After the study, they looked up and reported the actual returns of these trades. In both studies, investors were biased to recall returns as higher than achieved, and larger memory biases were associated with greater overconfidence and trading frequency. The design of Study 2 allowed us to separately investigate the effects of two types of memory biases: distortion and selective forgetting. Both types of bias were present and were independently associated with overconfidence and trading frequency. Study 3 was an incentive-compatible experiment in which overconfidence and trading frequency were reduced when participants looked up previous consequential trades compared to when they reported them from memory.

https://www.pnas.org/doi/10.1073/pnas.2026680118

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Methodological Advances in Consumer Research. Advances in Consumer Research

Erik William Jeffries — Thu, 03 Jul 2025 20:29:13 +0000

Methodological Advances in Consumer Research. Advances in Consumer Research Erik William J… Thu, 07/03/2025 - 14:29

André, Quentin. Methodological Advances in Consumer Research. Advances in Consumer Research. 2021, Vol. 49, p821-826.

Noise in the Process: A Meta-Analysis of Mediation Effects in Marketing Journals Aaron Charlton, College of Business, Illinois State University, USA Amanda Montoya, Department of Psychology, University of California Los Angeles, USA John Price, WU, Vienna University of Economics and Business, Austria Joe Hilgard, College of Arts and Sciences, Illinois State University, USA Paper #2: The same year, Simonsohn, Simmons and Nelson's "False-Positive Psychology" (2011) showed that common practices in behavioral research (e.g., not reporting all conditions and measures, or deciding when to stop data collection) allowed researchers to provide significant evidence for impossible results (e.g., that listening to "When I'm 64" by The Beatles can lower people's age by more than a year). Like the afore-mentioned meta-analyses, the current research examines the average power of mediation tests through analysis of reported statistics-specifically confidence intervals from mediation tests. To simulate true effects, we created a series of 3-variable datasets with a weak population-level indirect effect (ß=.O4) that fully mediated the relationship between X and Y. We settled on ß=.O4 because it allowed us to achieve desired power levels using sample sizes that are similar to those reported in marketing journals.

https://www.proquest.com/docview/3090688396?pq-origsite=gscholar&fromopenview=true&sourcetype=Conference%20Papers%20&%20Proceedings

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Beliefs about Whether Spending Implies Wealth

Erik William Jeffries — Wed, 02 Jul 2025 00:41:03 +0000

Beliefs about Whether Spending Implies Wealth Erik William J… Tue, 07/01/2025 - 18:41

Spending is influenced by many factors. One that has received little attention is the meaning that people give to the act of spending. Spending money might imply that someone is relatively wealthy—since they have money to spend—or relatively poor—since spending can deplete assets. We show that people differ in the extent to which they believe that spending implies wealth (SIW beliefs). We develop a scale to measure these beliefs and find that people who more strongly believe that SIW spend their own money relatively lavishly and are, on average, more financially vulnerable. We find correlational evidence for these relationships using objective financial-transaction data, including over 2 million transaction records from the bank accounts of over 2,000 users of a money management app, as well as self-reported financial well-being. We also find experimental evidence by manipulating SIW beliefs and observing causal effects on spending intentions. These results show how underlying beliefs about the link between spending and wealth play a role in consumption decisions, and point to beliefs about the meaning of spending as a fruitful direction for further research.

June 2021 Marketing Kappes, Heather Barry; Gladstone, Joe J; Hershfield, Hal E. . Journal of Consumer Research. Jun2021, Vol. 48 Issue 1, p1-21.

https://academic.oup.com/jcr/article-abstract/48/1/1/6031914?redirectedFrom=fulltext

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Strategy & Entrepreneurship

Drew Buckingham — Tue, 18 Mar 2025 15:43:50 +0000

Strategy & Entrepreneurship Drew Buckingham Tue, 03/18/2025 - 09:43

Mindruta, Denisa; Bercovitz, Janet; Mares, Vlad; Feldman, Maryann. Management Science. Mar2025, Vol. 71 Issue 3, p2170-2191. Stars in Their Constellations: Great Person or Great Team? Mindruta, Denisa; Bercovitz, Janet; Mares, Vlad; Feldman, Maryann. Stars in Their Constellations: Great Person or Great Team? Management Science. Mar2025, Vol. 71 Issue 3, p2170-2191.

Although much attention is accorded to star performers, this paper considers the extent to which stars, themselves, benefit from the contribution of their collaborators (the constellation). By considering stars, constellations, and the synergies between them, we address a key question: To what extent is collaboration performance driven by the great individual or by great constellations? We introduce a novel approach that uses a matching model to uncover the complementarities driving collaboration formation. We use formal value-capture theory to estimate the relative contribution of stars and constellations to joint value creation. Analyzing a sample of academic research collaborations, we document that stars' relative contribution exceeds that of their constellations in less than 15% of collaborations, although constellations provide a greater relative contribution in 9%. In most collaborations, neither party dominates: Innovation is a collective endeavor driven equally by the star and the constellation. Joint value creation and relative contribution are explained by the subtle interplay between complementarities in joint work and the substitutability of collaborative parties in the market. Joint value creation increases with the strength of complementarities between parties in a match. Relative value creation, and hence dominance, increases with the substitutability of one's collaborative partner. Interestingly, joint value creation is greatest in collaborations where both stars and constellations offer bundles of rare attributes and where neither the star nor the constellation dominates.

https://pubsonline.informs.org/doi/10.1287/mnsc.2021.01969

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Information Analytics

Drew Buckingham — Tue, 18 Mar 2025 15:41:28 +0000

Information Analytics Drew Buckingham Tue, 03/18/2025 - 09:41

Engert, Martin; Hein, Andreas; Maruping, Likoebe M.; Thatcher, Jason Bennett; Krcmar, Helmut. MIS Quarterly. Mar2025, Vol. 49 Issue 1, p91-122. Self-organization and governance in digital platform ecosystems: An information ecology approach. Engert, Martin; Hein, Andreas; Maruping, Likoebe M.; Thatcher, Jason Bennett; Krcmar, Helmut. Self-organization and governance in digital platform ecosystems: An information ecology approach. MIS Quarterly. Mar2025, Vol. 49 Issue 1, p91-122.

This research investigates the interplay of top-down control and bottom-up self-organization within digital platform ecosystems (DPEs), focusing on the formation and management of complementor coalitions. Although these coalitions can increase a DPE's generativity, they can also threaten its integrity. We investigate this tension by employing information ecology (IE) theory, which allows us to examine complementor coalitions as holons that navigate between self-assertiveness and integration within the structural hierarchies of DPEs. Utilizing an inductive, embedded case-study approach, we analyze the interplay between top-down control exerted by platform owners and the bottom-up selforganization of complementors in two enterprise software platform ecosystems. Our findings identify three distinct interaction modes—mandated, supported, and autonomous self-organization—each presenting hierarchical trade-offs between platform owner control and complementor autonomy. Our findings extend the prevalent owner-centric theory of platform governance by highlighting the significant impact of bottom-up self-organization on the governance and evolution of DPEs. We propose an integrated theory that accommodates these new dynamics, suggesting soft power as an effective governance mechanism. This study contributes to a deeper understanding of the complexities in governing DPEs and offers practical insights for managing top-down control and bottom-up self-organization in the evolving landscape of enterprise software DPEs.

https://aisel.aisnet.org/misq/vol49/iss1/8/

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Information Analytics

Drew Buckingham — Tue, 18 Mar 2025 15:39:31 +0000

Information Analytics Drew Buckingham Tue, 03/18/2025 - 09:39

Pienta, Daniel A.; Somanchi, Sriram; Vishwamitra, Nishant; Berente, Nicholas; Thatcher, Jason Bennett. MIS Quarterly. Mar2025, Vol. 49 Issue 1, p347-365. Do Crowds Validate False Data? Systematic Distortion and Affective Polarization. Pienta, Daniel A.; Somanchi, Sriram; Vishwamitra, Nishant; Berente, Nicholas; Thatcher, Jason Bennett. Do Crowds Validate False Data? Systematic Distortion and Affective Polarization. MIS Quarterly. Mar2025, Vol. 49 Issue 1, p347-365.

This research note examines how sociocognitive influences can systematically distort crowdsourced ground truth in event-centric data through subgroups. The "wisdom of the crowd" is based on the assumption that consensus drives accuracy. While existing research addresses the tendencies of the overall crowd, this research note shows that identifiable subgroups within the crowd can systematically influence crowdsource validation. We conducted an immersive experiment to investigate whether crowd consensus can be systematically distorted by subgroup-based sociocognitive influences, such as affective polarization. In the experiment, raters from a range of subgroups with varying levels of affective polarization were asked to view and validate crisis data from a violent public riot in the year 2020. Relying in part on double debiased machine learning techniques, we analyzed heterogeneous treatment effects across subgroups. The results show that affective polarization and more extreme raters, via the constructs of loyalty and betrayal, distort consensus-based ground truth in different ways. This research note demonstrates how subgroup-based sociocognitive influences can systematically distort the results of consensus-based crowdsourced validation. Additionally, it provides guidance for research and practice on how to account for identifiable subgroups in the crowd. These findings challenge key assumptions about the wisdom of crowds and the accuracy of crowdsourced ground truth in event-centric situations.

https://misq.umn.edu/do-crowds-validate-false-data-systematic-distortion-and-affective-polarization.html

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Drew Buckingham — Tue, 18 Mar 2025 15:36:32 +0000

Operations Drew Buckingham Tue, 03/18/2025 - 09:36

Heuser, Patricia; Letmathe, Peter; Vossen, Thomas. European Journal of Operational Research. Mar2025, Vol. 321 Issue 3, p697-716. Skill development in the field of scheduling: A structured literature review. Heuser, Patricia; Letmathe, Peter; Vossen, Thomas. Skill development in the field of scheduling: A structured literature review. European Journal of Operational Research. Mar2025, Vol. 321 Issue 3, p697-716.

Employee skills are seen as a main driver of competitive advantages of enterprises. This article provides a state-of-the-art overview of research related to skill management in the field of operational research. For this purpose, 'skill management' is used as an umbrella term to integrate the different quantitative approaches found in this field. The structured literature review is based on six keywords and includes articles published between 1998 and 2022 in nine major operational research and operational management journals (European Journal of Operational Research, International Journal of Production Research, International Journal of Production Economics, Management Science, Operations Research, Omega, Journal of Operations Management, Production and Operations Management, and Manufacturing & Service Operations Management). Further relevant literature considering skill-related topics and machine scheduling problems is also discussed. The publications included in this review are analyzed in depth with regard to theoretical results on employee skill development. Moreover, a unified notation is introduced that covers different models, machine environments, and objectives. To the best of our knowledge, this is the first review where learning, forgetting, and training aspects are jointly considered. Moreover, the review also highlights substantial research gaps and avenues for future research. • Review of scheduling models in the field of skill management. • State-of-the art overview of models that include learning, training and forgetting. • In-depth analysis of model with regard to employee skill development. • Unified notation covering different models, machine environments, and objectives.

https://www.sciencedirect.com/science/article/pii/S0377221724002649?via%3Dihub

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A Glass Half Full of Money: Dispositional Optimism and Wealth Accumulation Across the Income Spectrum.

Erik William Jeffries — Sat, 18 Jan 2025 16:25:58 +0000

A Glass Half Full of Money: Dispositional Optimism and Wealth Accumulation Across the Income Spectrum. Erik William J… Sat, 01/18/2025 - 09:25

Marketing Gladstone, Joe J.; Pomerance, Justin. Journal of Personality & Social Psychology. Jan2025, Vol. 128 Issue 1, p147-195. A Glass Half Full of Money: Dispositional Optimism and Wealth Accumulation Across the Income Spectrum. Gladstone, Joe J.; Pomerance, Justin.

A Glass Half Full of Money: Dispositional Optimism and Wealth Accumulation Across the Income Spectrum. Journal of Personality & Social Psychology. Jan2025, Vol. 128 Issue 1, p147-195. What drives some people to save more effectively for their future than others? This multistudy investigation (N = 143,461) explores how dispositional optimism—the generalized tendency to hold positive expectations about the future—shapes individuals' financial decisions and outcomes. Leveraging both cross-sectional and longitudinal designs across several countries, our findings reveal that optimism significantly predicts greater savings over time, even when controlling for various demographic, psychological, and financial covariates. Furthermore, we find that the role of optimism varies based on socioeconomic circumstances: Among lower income individuals, optimism is more strongly associated with saving. This suggests optimism may be particularly beneficial for the financial well-being of economically disadvantaged populations. To ensure the robustness of our conclusions, we employ diverse methodological approaches, including cross-sectional and longitudinal data sets, objective measures of saving behavior to reduce self-report bias, and within-person analyses to control for stable individual differences. These findings suggest that interventions and policies aimed at fostering optimism may be an effective approach to promoting savings and building financial resilience, especially among economically vulnerable populations. More broadly, our work underscores the value of integrating psychological factors into economic models of saving behavior to develop a more comprehensive understanding of how people make financial decisions in the real world. https://psycnet.apa.org/record/2025-73680-003?doi=1

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Faculty Research

Technology license agreements as public–private partnerships for economic development: evaluations using surveys, input–output modeling, and regression analysis

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