Seminar by Prof. Denisa Mindruta, HEC Paris
Event details
Date | 17.11.2017 |
Hour | 12:00 › 13:30 |
Speaker | Prof. Denisa Mindruta, HEC Paris |
Location | |
Category | Conferences - Seminars |
"Stars and their Constellations: Great person or great team?"
Abstract This paper examines star scientists and team performance in the context of scientific research collaborations and academic entrepreneurship. We employ a theoretically-driven matching model of value creation to estimate complementarities underlying team formation. Through an extension of the matching model, we calculate a “contribution interval” of each party to the relationship, that is, the upper and the lower bound of the value that star principal investigators and their teams (“constellations”) can expect to appropriate from the joint output. When comparing the upper bound of value (also known in the literature as “added value”), results show that, on average, stars’ added value is higher than constellations’ added value. However, when comparing the full value intervals, the most common situation is one where intervals overlap and there is no clear dominance of value contribution by the star or the constellation. Thus, our analysis raises the salience of team selection and the team’s impact on stars’ performance given that it is most often a communal effort underlying value creation.
Abstract This paper examines star scientists and team performance in the context of scientific research collaborations and academic entrepreneurship. We employ a theoretically-driven matching model of value creation to estimate complementarities underlying team formation. Through an extension of the matching model, we calculate a “contribution interval” of each party to the relationship, that is, the upper and the lower bound of the value that star principal investigators and their teams (“constellations”) can expect to appropriate from the joint output. When comparing the upper bound of value (also known in the literature as “added value”), results show that, on average, stars’ added value is higher than constellations’ added value. However, when comparing the full value intervals, the most common situation is one where intervals overlap and there is no clear dominance of value contribution by the star or the constellation. Thus, our analysis raises the salience of team selection and the team’s impact on stars’ performance given that it is most often a communal effort underlying value creation.
Practical information
- General public
- Free