Press & Policy (by paper):

Tyranny of the Personal Network: The Limits of Arm’s Length Fundraising in Venture Capital, with Sabrina Howell and Dean Parker

• Cited by SEC Commissioner Hester M. Peirce in her speech “Generally Soliciting Comments without Checking Accreditation: Remarks before the Small Business Capital Formation Advisory Committee”, Nov. 13, 2024

• Summarized in SEC Office of the Advocate for Small Business Capital Formation, Small Business Capital Formation Report, "VC Funds and Regulation D’s Rule 506(c)", Oct 2024.

• Summarized by VerifyInvestor.com, "Summary of Dr. Sabrina Howell’s Report on the Use of Rule 506(c) Exemption", Dec 2024.

• National Affairs, "Trading Subjectivity", Kevin Lewis, Jan 2025.

Regulatory Costs of Being Public: Evidence from Bunching Estimation, with Michael Ewens and Kairong Xiao

• Cost estimates cited in SEC Office of the Advocate for Small Business Capital Formation, 2024 Annual Report to Congress, Dec 2024.

• Cited in SEC Office of the Advocate for Small Business Capital Formation, 2023 Annual Report to Congress, Dec 2023.

• Cited by US Government Accountability Office, "Report to U.S. House Committee on Financial Services - Sarbanes-Oxley Act: Compliance Costs Are Higher for Larger Companies but More Burdensome for Smaller Ones", June 2025. 

• Cited in FINRA Regulatory Notice 23-11, "FINRA Seeks Comment on Concept Proposal for a Liquidity Risk Management Rule", Jun 12, 2023.

• Cited in IFRS Sustainability Disclosure Standards, “Effects Analysis | IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures”, Jun 2023.

• Cited in "Testimony before the U.S. House Committee on Financial Services: Reassessing Sarbanes-Oxley: The Cost of Compliance in Today’s Capital Markets", by Lawrence A. Cunningham, June 2025.

• Cited in comment letter to SEC, "Re: RIN 3235-AM87, The Enhancement and Standardization of Climate Related Disclosures for Investors", Boyden Gray & Associates PLLC, Jun 17, 2022.

• Cited in comment letter to SEC, "Re: File Numbers S7-21-21 and S7-20-21 on Share Repurchase Disclosure Modernization", Craig M. Lewis and Joshua T. White, Oct 7, 2022.

• Cited in Ernst & Young "The declining number of public companies and mandatory reporting requirements - Prepared for American Council for Capital Formation", June 2022. 

• Cited in Morgan Stanley Counterpoint Global Insights, “Birth, Death, and Wealth Creation: Why Investors Need to Understand Corporate Demographics”, Jul 25, 2023.

• Cited in The Heritage Foundation, "A Revolution, If We Can Keep It: How Anti-NFT Regulations Threaten Financial Rights", Peter St Onge, Mar 22, 2022.

• Cato Institute, "The Regulatory Costs of Being Public", Research Briefs in Economic Policy No. 295, May 18, 2022.

• Cato Institute, "Regulation (Winter 2021-2022)", Peter Van Doren and Ike Brannon, 2021.

• National Affairs, "Top People", Kevin Lewis, Aug 25, 2021.

• Brookings, Hutchins Roundup, "The Decline in the Number of Public Firms in the US has not Been Driven by Regulatory Costs", Aug 19, 2021.

• Columbia Law School Blue Sky Blog, "Regulatory Costs of Being Public: Evidence from Bunching Estimation", Jan 8, 2021.

• Darden Ideas to Action, “Does Regulation Chase Away Publicly Traded Companies?”, Raphael Guimaraes, Oct 29, 2021.

Investor Tax Credits and Entrepreneurship: Evidence from U.S. States, with Matthew Denes, Sabrina Howell, Filippo Mezzanotti, and Xinxin Wang 

• Cited by Iowa Department of Revenue, "Iowa’s Innovation Fund Tax Credits Program Evaluation Study", Karen Tigges, Dec 2022.

• Cited by Maine State Legislature, "Evaluation of the Maine Seed Capital Tax Credit", Aug 2021.

• Cited by Kansas Legislative, "An Economic Development Incentive Evaluation Report Presented to the Legislative Post Audit Committee: Angel Tax Credit Program", Nov 2020.

• Cited by Virginia Joint Legislative Audit and Review Commission, "Report to the Governor and the General Assembly of Virginia: Science and Technology Incentives", Jun 2022.

• Cited in Kauffman Foundation, "Incentives for Entrepreneurial Firms", D, Hackler and E. Harpel, Aug 2021.

• NBER Reporter, "Mechanisms and Impacts of Innovation Policy", Sabrina Howell, Dec 2022.

• Kellogg Insight, “Should Local Governments Be Offering Tax Credits to Angel Investors?” Dec.1, 2020.

• UCLA Anderson Review, "State Tax Credits for Angel Investors Backfire”, Monika Brown, May 26, 2021.

• Darden Ideas to Action, "Supporting high-growth startups: Do investor tax credit programs live up to their promise?", Gosia Glinska, Mar 13, 2021.

• SSTI.org, "$8.1 billion in state angel tax credits: Creating investors or more successful entrepreneurs?", Mark Skinner, Sep 17, 2020.

Flight to Safety: How Economic Downturns Affect Talent Flows to Startups, with Shai Bernstein and Richard Townsend

• Harvard Business Review, "Research: In Recessions, Employees Avoid Jobs with Startups", with Shai Bernstein and Richard Townsend, Sep 2023.

• Bureau of Labor Statistics (BLS) Monthly Labor Review, "An Exodus in the Labor Force—But to Where?", Nicholas A. Schaffer, Feb 2021.

• MarketWatch, “COVID-19 has created a ‘flight to safety’ for American job hunters”, Quentin Fottrell, Dec 21, 2020.

• NPR, “Amid Pandemic, Here's What Researchers Have Learned About The Economy”, Greg Rosalsky, Oct 20, 2020.

• Forbes, “Economic Jitters Push Pandemic Job Seekers to Big Companies, Not Startups”, Rachel Layne, May 5, 2021. 

• NBER Bulletin on Entrepreneurship, “The COVID-19 Pandemic and Labor Supply to Startups”, Laurent Belsie, Apr 2021.

• dot.LA, “Top Talent is Looking for Safety in an Unstable Economy. What’s a Startup to Do?”, Sam Blake, Oct 5, 2020.

• Challenges, "Emploi: en temps de crise, les candidats américains très qualifiés boudent les start-up", Jan 30, 2021.

• Phys.org, "Study finds startup workers fled for bigger, more established companies during pandemic", Oct 19, 2023.

• Moneylife, “Start-up Employees Fled for Bigger Companies during COVID-19 Pandemic: Study”, Oct 23, 2023.

• NBER Research Spotlight, "Shai Bernstein Studies Job Search Behavior on the AngelList Talent Platform", Dec 14, 2020.

• HBS Working Knowledge, “Economic Jitters Push Pandemic Job Seekers to Big Companies, Not Startups”, Rachel Layne, Dec 11, 2020. 

• Darden Ideas to Action, "US startups struggling to hire when times are tough”, Aine Doris, Dec 22, 2020.

• Rotman News Release, "Startup workers flee for bigger, more established companies during pandemic", Oct 19, 2023.

Does Career Risk Deter Potential Entrepreneurs? with Joshua Gottlieb and Richard Townsend

• • NPR, Interview, “Sweden Has Come Up With An Unusual Way To Encourage Entrepreneurship”, Maddy Savage, Feb 18, 2019.

  • BBC, Interview,  “Sweden’s Surprising Rule for Time Off”, Maddy Savage, Feb 6, 2019.OZY, “Enter the Era of Entrepreneur-Nity Leave”, Molly Fosco, Apr 16, 2019.

  • Bloomberg, “Want More Startups? Build a Better Safety Net”, Noah Smith, Oct 28, 2016.

  • Politico, “America’s innovation crisis”, Danny Vinik, Oct. 14, 2016.

  • Washington Center for Equitable Growth, “Protecting against risk can help boost U.S. entrepreneurship”, Nick Bunter, Jul 26, 2016.

  • Stanford Institute for Economic Policy Research (SIEPR) Policy Brief, "Does Job Protection Encourage Entrepreneurship?", Joshua Gottlieb, May 2016.

  • Darden Ideas to Action, “Job protection and entrepreneurship: The case of parental leave in Canada”, Asif Mehedi, Jun 9,  2020.

The Effect of Child Care Access on Women's Careers and Firm Performance, with Elena Simintzi and Sheng-Jun Xu

• New York Times, "How Universal Child Care Could Change the Economy", Sydney Ember, Sep 22, 2025.

• Charter, "The benefit that unlocks company performance and women’s careers",  Michelle Peng, Jul 10, 2025.

• Rotman Insights Hub, "Mother of ambition: How does affordable childcare impact women’s career & firm performance?", Jul 2024.

• Kenan Insight, "Universal Childcare Boosts Mothers’ Careers, Firms’ Bottom Lines", Dec 15, 2023.

• Kenan Insight, "Caring for Care Workers: Post-COVID Labor Shortages in the Direct Care Industry", Mar 21, 2023.

• Kenan Insight, "Labor Supply: Inside the Tight Labor Market", Feb 28, 2023.

Individualism During Crises, with Bo Bian, Jingjing Li, and Natasha Z. Foutz 

• Presented to the COVID-19 Response Team at the U.S. Department of Health and Human Services, Apr 6, 2021.

• Slate, "Southern Living Retracted an Essay After It Drew the Ire of Meteorologists", Tiffany Means, Feb 16, 2021.

• Marginal Revolution, “Individualism during crises”, Tyler Cowen, Aug 27, 2020.

• UVA Today, “Big Data Analytics Shows How America’s Individualism Complicates Coronavirus Response”, Carline Newman, Jul 6, 2020.

• Insights at Sauder, “Individualism getting in the way of COVID-19 responses: Study”, Oct 7, 2020.

Do Startups Benefit from Their Investors' Reputation? Evidence from a Randomized Field Experiment, with Shai Bernstein, Kunal Mehta, and Richard Townsend

• NBER Bulletin on Entrepreneurship, "Track Record of Startups’ Investors Draws Potential Workers", Oct 2022.

• Summarized in Harvard Law School Forum on Corporate Governance, Apr 25, 2022.

• HBS Working Knowledge, "It’s All in a Name: Reputable Investors Help Startups Shine", Rachel Layne, Aug 25, 2022.

• Darden Ideas to Action, “Can venture capital attract human capital? The role of investors' reputations”, Gosia Glinska, Apr 5,  2022.

Entrepreneurial Spawning from Remote Work, with Alan Kwan, Ben Matthies, and Richard Townsend

• NBER Bulletin on Entrepreneurship, "Remote Work and Employee Transitions to Entrepreneurship", Sep 29, 2025

• The Register, "Bosses weren’t being paranoid: Remote workers more likely to start their own biz", Thomas Claburn, May 12, 2025.

• Rotman Insights Hub, "Remote work led to more startups...what does that mean for businesses?", Jennifer Horn, Aug 2025.

• HKU Jockey Club Enterprise Sustainability Global Research Institute, "Entrepreneurial Spawning from Remote Work", Jul 30, 2025

Board Gender Diversity and Corporate Innovation, with Dale Griffin and Kai Li 

• Medium, "Women on Board: The Importance of Including Female Directors on Company Boards", Jeanne Grunert, Feb 9, 2020.

• Impax Asset Management, The Investment Case for Gender Equality, Julie Gorte, Oct 2019

• Insights at Sauder, “Balance Board: New UBC study finds companies with women on corporate boards are more innovative, efficient”, Feb 5, 2020.

• Darden Ideas to Action, “Companies innovate more when their boards include women”, Asif Mehedi, Jan 30, 2020.

Cross-Border Institutions and the Globalization of Innovation, with Bo Bian and Jean-Marie Meier

• Darden Ideas to Action, “Promoting globalized innovation, BIT by BIT”, Gosia Glinska, Jun 4, 2021.

Learning from the Crowd: The Feedback Value of Crowdfunding

• Darden Ideas to Action, “Crowdfunding: Beyond financing”, Seb Murray, Mar 30, 2018.

Other Interviews: 

• • Investigative Journalism Foundation, "Founder of Kevin Hart-backed Vancouver toothbrush startup accused of stealing $20M from its coffers", Bethany Lindsay, June 13, 2025. 

  • Virginia Business Magazine, "Embedded Finance: Community Banks Move into Banking as a Service", Katherine Schulte, March 30, 2022.