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Josh Lerner
May 2024, Paper: "We explore the evolution of financial innovation using US finance patents. Patented financial innovations are substantial and increasingly economically important…
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Josh Lerner
December 7, 2022, Paper: "We leverage an exogenous shock—the crackdown on corrupt Chinese officials beginning in 2012—and examine how the allocation of research subsidies and…
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Josh Lerner
December 2, 2021, Opinion: "The conservation movement, since its origins in the 19th century, has primarily relied on public funding and philanthropic contributions to achieve its…
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Josh Lerner
July 2021, Paper: "We identify novel technologies using textual analysis of patents, job postings, and earnings calls. Our approach enables us to identify and document the…
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Josh Lerner
September 24, 2020, Opinion: "The US military community has highlighted the potential security threat posed by foreign venture investments in Silicon Valley, particularly from…
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Josh Lerner
August 7, 2020, Paper: "Patents provide a window into the evolution of financial innovation over the past two decades. We first highlight the growth and importance of these awards…
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Josh Lerner, Ramana Nanda
2020, Paper, "Although late-stage venture capital (VC) activity did not change dramatically in the first two months after the COVID-19 pandemic reached the U.S., early-stage VC…
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Josh Lerner
The Economic Effects of Private Equity Buyouts. Josh Lerner, October 14, 2019, Paper, "We examine thousands of U.S. private equity (PE) buyouts from 1980 to 2013, a period that…
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Josh Lerner, Victoria Ivashina
Patient Capital: The Challenges and Promises of Long-Term Investing. Victoria Ivashina, Josh Lerner, 2019, Book, "How to overcome barriers to the long-term investments that are…
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Josh Lerner, Victoria Ivashina
Looking for Alternatives: Pension Investments around the World, 2008 to 2017. Victoria Ivashina, Josh Lerner, August 24, 2018, Paper, "Using hitherto-unexplored data, this…