Zobrazeno 1 - 10
of 70
pro vyhledávání: '"Thomas Hellmann"'
Publikováno v:
Journal of Financial Economics. 141:454-478
We analyze the funding of start-up companies across financing rounds, focusing on the dynamic interactions between angel investors and venture capitalists. Using unique data from British Columbia, Canada, we show that angels and venture capitalists a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::77775ec58a04cfc237557b86f4a85619
https://doi.org/10.1016/j.jfineco.2021.04.001
https://doi.org/10.1016/j.jfineco.2021.04.001
Autor:
Veikko Thiele, Thomas Hellmann
Publikováno v:
Journal of public economic theory.
Beyond Covid-19, there is a growing interest in what economic structures will be needed to face ongoing pandemics. In this paper, we focus on the diagnostic problem and examine a new paradigm of voluntary self-testing by private individuals. We devel
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ae919b8108d4b05191ea259a2dbda476
https://pubmed.ncbi.nlm.nih.gov/35600415
https://pubmed.ncbi.nlm.nih.gov/35600415
Publikováno v:
SSRN Electronic Journal.
It is well known that start-ups with female founders often raise less money than their male counterparts; the question is, what drives this? We exploit the unique features of equity crowdfunding to disentangle the choices made by entrepreneurs and in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::52736dc127fb7fcf3e51ae81c01a7f74
https://doi.org/10.2139/ssrn.3768361
https://doi.org/10.2139/ssrn.3768361
Autor:
Veikko Thiele, Thomas Hellmann
Publikováno v:
American Economic Journal: Microeconomics. 9:277-302
We develop a new theory of the dynamic boundary of the firm where asset owners may want to change partners ex post. We identify a fundamental trade-off between (i) a “displacement externality” under non-integration, where a partner leaves a relat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3526c6f64f300911bea0448e3cfafd9b
https://doi.org/10.1257/mic.20160016
https://doi.org/10.1257/mic.20160016
Autor:
Thomas Hellmann, Noam Wasserman
Publikováno v:
Management Science. 63:2647-2666
This paper examines the division of founder shares in entrepreneurial ventures, focusing on the decision of whether or not to divide the shares equally among all founders. To motivate the empirical analysis we develop a simple theory of costly bargai
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4938ddc2851ac1538596db53ec6c99a8
https://doi.org/10.1287/mnsc.2016.2474
https://doi.org/10.1287/mnsc.2016.2474
We use equity crowdfunding data to ask how fundraising amounts can be explained by what entrepreneurs ask for, versus what investors want to invest. The analysis exploits unique features of crowdfunding where entrepreneurs not only set investment goa
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d94a22611d5f1d8753645698396835c3
https://doi.org/10.3386/w26275
https://doi.org/10.3386/w26275
Publikováno v:
Strategic Entrepreneurship Journal. 13(3)
Research Summary This paper examines how founders within start‐up teams dynamically readjust their relative ownership stakes. It leverages a unique dataset from British Columbia, Canada, which contains detailed information on founder ownership over
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7aa45abac339af51d146f6ab24bd8893
http://ora.ox.ac.uk/objects/uuid:
http://ora.ox.ac.uk/objects/uuid:
Autor:
Veikko Thiele, Thomas Hellmann
Publikováno v:
Management Science. 65(6)
Governments across the globe are eager to foster entrepreneurial ecosystems, yet there is no consensus on what policies to use. We develop a theory about the equilibrium consequences of two canonical types of entrepreneurship policies: policies that
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5e57e1c9495efa2dc7f26106f0cf0d4b
http://ora.ox.ac.uk/objects/uuid:
http://ora.ox.ac.uk/objects/uuid:
Publikováno v:
SSRN Electronic Journal.
Do foreign venture capitalists help the domestic economy, or hamper it by slowing down growth, potentially moving economic activity away? This paper addresses this long-standing policy question by examining the differential effects of US venture capi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f3b6b642f3ff5e260af8f102cfaa76ae
https://doi.org/10.2139/ssrn.3370285
https://doi.org/10.2139/ssrn.3370285
Autor:
Marco Da Rin, Thomas Hellmann
Fundamentals of Entrepreneurial Finance provides a comprehensive introduction to entrepreneurial finance, showing how entrepreneurs and investors jointly turn ideas into valuable high-growth start-ups. Marco Da Rin and Thomas Hellmann examine the cha