Do financial analysts sabotage new product development? Mary J. Benner, Wharton
When digital cameras were developing, analysts watching the stocks of companies like Kodak and Polaroid said, 'stay with film'. And when VoIP Internet phones began, stock analysts cautioned telecommunications companies about entering the new market. Why? Hear Wharton's Mary J. Benner, author of the study Securities Analysts and Incumbent Response to Radical Technological Change, published by Organization Science, explain her surprising findings.
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