Pengfei Wang

Wang, Pengfei (2019)

Price space and product demography: Evidence from the workstation industry, 1980–1996

Research Policy, 48(9) Doi: 10.1016/j.respol.2019.05.007

Wang, Pengfei (2018)

Broadening versus reinforcing investor portfolios: Social structure and the search for venture capital investors

Journal of Business Venturing Doi: 10.1016/j.jbusvent.2018.12.001

Wang, Pengfei & Jensen, Michael (2018)

A Bridge Too Far: Divestiture as a Strategic Reaction to Status Inconsistency

Management science, 65(2), s. 859- 878. Doi: 10.1287/mnsc.2017.2964

Wang, Pengfei (2018)

Outsiders favor the most: Status and the heterogeneity of audience coverage in M&A deals

Long range planning, 51(2), s. 234- 251. Doi: 10.1016/j.lrp.2017.03.006

Uncertainty experienced by market audiences is the fundamental premise for status to take effect. Whereas prior research usually assumes that uncertainty is evenly distributed among audiences, this study emphasizes the heterogeneity of audiences. Audiences usually differ in the scope of firms they cover. They acquire more information and confront less uncertainty when evaluating firms under their coverage than those not. Status may thus exert different effects across audiences. My theoretical development is situated in the context of M&A. In particular, I hypothesize that although an acquirer's status is generally beneficial, it is more appealing to investors who do not cover the acquirer, as compared to covering investors. Results of the empirical analysis on the U.S. deals between 1990 and 2014 provide considerable support for my framework.

Wang, Pengfei; Van de Vrande, Vareska & Jansen, Justin (2017)

Balancing exploration and exploitation in inventions: Quality of inventions and team composition

Research Policy, 46(10), s. 1836- 1850. Doi: 10.1016/j.respol.2017.09.002