Theory posits that when managers anticipate excess capacity, average q becomes a biased estimator of marginal q as the potential for underutilizing new capital diminishes the marginal benefit of investing. After correcting for this source of … [Read more]
46: Thomas Steenburgh (Vanderbilt) on Pursuing the Big Ideas
On this episode of Deans Counsel, moderators Ken Kring and Dave Ikenberry speak with Tom Steenburgh, Ralph Owen Dean and Professor of Marketing (since July 2023) at Vanderbilt University's Owen Graduate School of Management. He's an expert … [Read more]