Manuel Hess
Title
Prof. Dr.
Last Name
Hess
First name
Manuel
Email
manuel.hess@unisg.ch
Phone
+41 71 224 73 07
36 results
Now showing 1 - 10 of 36
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Item type:Publication, How corporates rely on search through CVC strategies to improve performanceAlthough Corporate Venture Capital (CVC) is widely believed to drive corporate innovation, its relevance is often questioned. This study uses problemistic search to investigate whether CVC activities consistent with a firm's core business are likely to have a positive impact on the positive relationship between business strategy and firm performance. We pay particular attention to prior negative past performance. Results confirm that CVC investments aligned with a company’s core business have a positive effect, even when past performance was negative. In difficult times, the marginal effect is weaker but still positive. As soon as the business recovers, CVC activities are expected to contribute to greater corporate competitiveness as CVC activities related to the core business are compatible with a recovered business strategy.Type:journal article - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Working Paper: Bias in Early Stage Venture Investment Decisions; ; ; ;Shepherd, DeanTobler, PhilippeType:journal article - Some of the metrics are blocked by yourconsent settings
Item type:Publication, A Fish Rots from the Head Down: How Founders Lead Startup Fraud(SAGE Publications, 2026-05-12); ; ;Shepherd, Dean A.Wincent, JoakimDespite growing scholarly attention on entrepreneurial misconduct, little is known about how founders shape and sustain fraudulent practices through their influence over employees. Using an in-depth case study of Theranos—a fraudulent startup—we develop a grounded process model that explains how startup fraud is not simply the result of regulatory gaps or individual overreach but a multilevel embedded phenomenon. We provide insights into how founders shape employee responses to fraud in startups, eliciting both resistance and complicity. Employees, in turn, engage in a fluctuating moral evaluation process, oscillating between condoning and condemning fraud. We contribute to the literature on startup fraud by distinguishing it from fraud in established organizations, advancing a social process perspective on employee moral processes, and illuminating how founders enact multilevel influence mechanisms that embed fraud in startup contexts.Type:journal articleJournal:Journal of Management - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Technology sourcing ambidexterity in corporate venture capital: limitations of learning from open innovation(2024) ;Anokhin, Sergey; In the rapidly evolving landscape of open innovation, understanding the dynamics of learning is pivotal for corporate success. Yet, the constraints and thresholds inherent in the novel technology sourcing processes remain under-explored. We study 163 firms during the third wave of corporate venture capital activity characterized by the primary focus on innovation to investigate the effects of technology sourcing ambidexterity (the simultaneous pursuit of internal and external sources of innovative ideas) on corporate patenting and realized innovation. Acknowledging limitations of organizational learning, our results indicate the presence of the inverted U-shaped relationship between technology sourcing ambidexterity and innovation and suggest that beyond a certain threshold, increases in ambidexterity are detrimental to organizational learning and corporate innovation because boundary conditions to experimentation as a key element to learning arise. Such restrictions are alleviated by organizational slack, which enhances organizational abilities to orchestrate resources and take calculated risks to go beyond existing internal competencies. Plain English Summary Proponents of open innovation suggest that combining internal and external sources of innovative ideas often leads to success. We demonstrate that this may be true in some circumstances, but there is a learning threshold for organizations. We argue and demonstrate that this combination, known as technological sourcing ambidexterity, is only beneficial up to a certain point, beyond which further investments in the dual internal-external search for innovative ideas are detrimental for reasons that have to do with organizational learning. Moreover, for those same reasons, the benefits are most likely to be observed for firms with substantial organizational slack. Lean organizations that do not have much slack are less likely to gain strategically from investing in technology sourcing ambidexterity.Type:journal articleScopus© Citations 17 - Some of the metrics are blocked by yourconsent settings
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Item type:Publication, An Attractiveness Bias? How Women Entrepreneurs' Physical Appearance Affects Men Investors(2024-06); ; ; ;Dean ShepherdPhilippe ToblerWomen founders frequently appear to encounter varied and often negatively biased decisions from investors. Our study builds on the theoretical and practical interest in understanding whether and how biases against women entrepreneurs are attributed to men investors’ cognitive and physiological (i.e., hormonal) responses to the women’s physical appearance. Using a cross-sectional research design, we recruited 106 experienced investors and randomly assigned them to one of two versions of a prerecorded pitch to test the effect of a woman entrepreneur’s physical attractiveness. The versions were identical in content and form but were delivered by different actresses, one of whom was considered highly attractive. We asked participants to observe the pitch and answer questions on related topics, including how likely they believed the business described would successfully progress through the screening stage of the investment process. In contrast to our hypothesis, we find that a woman entrepreneur’s attractiveness positively influences men investors’ assessments of her competence. These competence assessments lead to evaluations that the entrepreneur’s proposal would progress through the investment screening stage. We also theorize and find that men investors have a marked increase in cortisol levels when presented with an attractive woman entrepreneur. This increased cortisol leads to evaluations that the entrepreneur’s proposal would progress through the screening stage. Identifying the role physiological mechanisms play in investment evaluations underscores the importance of adopting proactive measures to ensure equitable and fair investment practices alongside fostering introspection within the investment community.Type:journal articleJournal:Journal of ManagementScopus© Citations 12 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Towards a practical approach to value-based pricing: Development and evaluation of the "ROI calculator tool for SaaS Startups" to improve value quantification & value communication(2024); ; The software-as-a-service (SaaS) market has experienced significant growth in recent years, with business-to-business (B2B) SaaS companies being particularly attractive to venture capitalists. Profit expectations for startups are high, so optimizing pricing based on customer value is crucial. Many startups may encounter challenges in "wanting" to implement value-based pricing-i.e., they face barriers in the decision-making process such as lacking awareness, understanding, or openness to consider value-based pricing-or in "knowing" how to implement it-i.e., they would like to implement value-based pricing but face barriers related to required capabilities to execute it. This study addresses the second hurdle by developing and evaluating a practice tool to improve value quantification and value communication for B2B SaaS startups.Type:journal article - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Value-based pricing in digital platforms: A machine learning approach to signaling beyond core product attributes in cross-platform settingsType:journal articleJournal:Journal of Business ResearchVolume:152Scopus© Citations 37 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Corporate Venturing Navigator: Conceptual development(2022-06); ; ; Stöckel, AlexanderCorporate venturing (CV) has become a very important business tool for both corporations and start-ups and has received considerable research attention. However, existing studies are ambiguous and incomplete in terms of the optimal set-up, operation and termination of a CV program and the capture of value that is generated for the parent company. Based on the available research, we developed the Corporate Venturing Navigator (CVN) holding two artefacts: 1) the CVN Framework and 2) the CVN Cockpit. The results provide initial guidance on how to improve CV activities and realize their full potential with first application in practice. We highlight the contributions of the CVN in terms of theory and measurement.Type:journal article - Some of the metrics are blocked by yourconsent settings
Item type:Publication,