Professor Hochberg’s research and teaching interests are focused on entrepreneurship, innovation, and the financing of entrepreneurial activity. Her research focuses on the venture capital industry, accelerators, networks, and corporate governance and compensation policies. Her research has been published in top-tier journals, including Science magazine, the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics.
|The Business Roundtable’s new Statement on the Purpose of a Corporation indicates a shift away from shareholder value maximization as the sole purpose of the corporation and toward a broader view of value creation.
This shift will have material impact on the well-being of U.S. workers.
|Strongly Disagree||7||“So long as activist shareholders remain focused on returns, this statement is unlikely to have an effect. Without aligned incentives, it is hard to see how CEOs can avoid bowing to shareholder pressure.”|
|In the next decade, we will see the first sustainably profitable private commercial activities in space.||Strongly Agree||8|
|A hard Brexit will have a significant negative impact on many businesses, even if they do not have a U.K. or European presence.||Strongly Agree||10||“Effects will be felt in labor supply [and a] shift of center of financial gravity for Europe to other cities. Economic uncertainty may lead to reduced consumption overall.”|
|China is no longer the most attractive growth opportunity for Western multinationals.||Disagree||8|
|In the next five years, the blockchain will have a transformative effect on finance in emerging markets.||Disagree||8|
|Amazon’s new $15 per hour minimum wage will force other companies to follow suit.||Neither Agree nor Disagree||6|
|Restrictions on skilled immigration will cause US firms to to shift more operations overseas.||Agree||8||“Restricting skilled immigration will lead to high-value R&D and technical work being shifted to countries where the skilled talent exists.”|
|Uber has to develop self-driving cars in the next 10 years in order to remain viable.||Agree||8||“Uber needs to be able to replace their fleet with driverless vehicles to be sustainable. Someone else can develop those vehicles, though.”|
|A trade war will be more disruptive to business than to consumers.||Neither Agree nor Disagree||8||“Depends on whether the tariffs are on final or intermediate goods and on the consumers’ price elasticity of demand for final goods.”|
|Concern over consumer privacy will fundamentally limit businesses’ ability to use big data.||Disagree||8||“Big data encompasses much more than just the type of data that has raised concerns over consumer privacy. But some use cases may wind up restricted.”|