Skills and Behaviors that Make Entrepreneurs Successful

New research at Harvard Business School by Lynda Applegate, Janet Kraus, and Timothy Butler takes a unique approach to understanding behaviors and skills associated with successful entrepreneurs.

The Risk Anomaly Tradeoff of Leverage

This paper by Malcolm Baker and Jcolleagues develops a tradeoff theory of capital structure, testing the idea that firms with low risk assets-and hence underpriced equity-may want to rely disproportionately on debt. The model accommodates both corporate finance and asset pricing evidence, renewing a fruitful connection between asset pricing and corporate finance research.

VICE on HBO Preview: America's Heroin Crisis

America is facing the worst drug epidemic this country has ever seen: more people are dying from overdoses than from car accidents-and at the center of it is an explosion in the use of heroin. Thomas Morton traces the causes and impacts of the crisis, from the poppy farms of Mexico to the hills of West Virginia, and investigates how users, first responders, and government officials are responding to the new reality of American drug use.

Tune in to VICE on HBO, Friday at 11PM.

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Technology and the Fight for Free Expression: Blackout (Series Trailer)

Free expression is under threat around the world. While advances in technology increase access to information, open lines of communication, and unite like-minded citizens with unprecedented speed, governments wanting to suppress dissent respond by employing violence, surveillance, and intimidation.

In BLACKOUT, a series made possible by Jigsaw, VICE News takes viewers across the globe, from Pakistan to Belarus, to examine technology's role in the ongoing fight for free expression.

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The Road to Fallujah (Trailer)

In 2014, Islamic State militants swept into Western Iraq's Anbar Province, overrunning Iraqi security forces, enslaving minorities, and causing thousands to flee for their lives.

The jihadist group captured Iraq's largest city, Mosul, and the cities of Ramadi and Fallujah, where hundreds of US troops died fighting the Islamic State's predecessor.

Now, two years later, the Iraqi security forces, with help from Iranian-supported Shiite militias and US military advisors and warplanes, are fighting to take back towns and cities in Anbar, one battle at a time.

But it's a difficult task: Anbar has been the crucible of Iraq's insurgency, and is the country's Sunni heartland - long marginalized
by and hostile to the Shiite-led government in Baghdad.

VICE News embedded with Iraq's Golden Division Special Forces unit as they fought their way into the villages surrounding the city of Hit, where they encountered ambushes, sniper fire, and tried to sort suspected Islamic State operatives and sympathizers from innocent Iraqi civilians.

Watch "What It's Really Like to Fight for the Islamic State” - http://bit.ly/1UhTYU1

Read "Iraq Halts Assault Against Islamic State-Held Fallujah to 'Protect Civilians' Trapped Inside” - http://bit.ly/1TQvKq7

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When Business Performance Falters, is Culture Change the Fix?

Is culture change the start of a business makeover--or the result? James Heskett asks readers for insights. What do YOU think?

Motivating Effort in Contributing to Public Goods Inside Organizations: Field Experimental Evidence

Results of this experiment by Karim Lakhani and colleagues involving 1,200 employees shows that workers have multiple underlying motivations to contribute to organizational betterment, consisting of a combination of monetary and altruistic incentives associated with the organization's mission.