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Shotaro Yamaguchi

Shotaro Yamaguchi

Assistant Professor | Management and Human Resources
4259 Grainger Hall

Areas of Expertise:

strategy

About Shotaro

Shotaro Yamaguchi is an Assistant Professor in the Management and Human Resources Department. His research interests include strategic human capital, innovation, resource allocation, entrepreneurship, and econometric methods. One of his research focuses on how the allocation of talent across sectors and industries through external and internal labor markets shapes the pace and direction of innovation. He also has a broad interest in firm-level decision making, particularly how firms hire, develop, and reallocate human capital in response to their strategic needs.

More specifically, his work is organized around four interrelated themes:
1) Selection into and outcomes of human capital mobility and resource reallocation, both within and across firms
2) Individual sorting into inventive activities and entrepreneurship
3) Science and engineering education as a foundation for innovation and entrepreneurship, with a particular emphasis on historical contexts of industrialization
4) Institutional constraints and firm strategies that limit labor and knowledge flows, such as non-compete agreements and employee retention practices.

Methodologically, his research combines modern econometric methods with large-scale—often historical—datasets to identify the causal mechanisms underlying observed phenomena. He is also deeply interested in applying recent advances in partial identification and sensitivity analysis to strategic management research, where identification strategies are often difficult to implement.

He received his PhD in Strategic Management & Entrepreneurship from the Robert H. Smith School of Business, University of Maryland, College Park.

Selected Published Journal Articles

Yamaguchi, S. & Nitta, R. & Hara, Y. & Shimizu, H. (2025). Age of U.S. Public Firms, Proximity to the Past Patent Portfolio, and Innovation Journal of Evolutionary Economics

Balasubramanian, N. & Starr, E. & Yamaguchi, S. (2024). Employment Restrictions on Resource Transferability and Value Appropriation from Employees Strategic Management Journal

Ganco, M. & Liu, J. & Wang, H. & Yamaguchi, S. (2024). Strategic Restraint: When do Human-Capital-Intensive Companies Choose (Not) to Use Noncompete Agreements? Strategic Management Journal

Yamaguchi, S. & Nitta, R. & Hara, Y. & Shimizu, H. (2021). Who explores further? Evidence on R&D outsourcing from the survey of research and development R&D Management

Yamaguchi, S. & Braguinsky, S. & Okazaki, T. & Yuki, T. Resource allocation and growth strategies in a multi-plant firm: Kanegafuchi Spinners in the early 20th century Strategic Management Journal

Practitioner-Oriented Publications

Frake, J. & Gibbs, A. & Goldfarb, B. & Hiraiwa, T. & Starr, E. & Yamaguchi, S. (2025). From Perfect to Practical: Partial Identification Methods for Causal Inference in Strategic Management Research Strategic Management Journal

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