June 7, 2022In business, a specialist strategy can sometimes be riskier than a generalist one. Competing in only one industry leaves firms highly vulnerable to heightened income volatility, with extreme gains and losses, often alternating in quick succession. Innovative firms, whose business models are based on heavy R&D investments with uncertain returns, are especially affected by these fluctuations. Kelly Wentland, assistant professor of accounting, discusses this issue.
November 16, 2021Kelly Wentland, an accounting professor at the George Mason University School of Business, recently published a paper in Management Science that further specifies and quantifies firm response to tax uncertainty.
