講座題目:Academic Entrepreneurial Founding Teams and Venture Performance
主講嘉賓: 洪蘇婷
時間:2023年11月6日(星期一)上午9:30—11:30
地點:商學院116東方廳
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江南大學商學院
2023年11月3日
主講嘉賓簡介
洪蘇婷,研究員,上海科技大學創業與管理學院任教。美國德雷賽爾大學(Drexel University)經濟學博士、南京大學金融學學士。2016年-2019年,在意大利米蘭理工大學管理學院擔任訪問學者。曾于2014-2016年擔任美國聯邦儲備銀行費城分行的訪問學者。發表代表性研究成果于Journal of Financial and Quantitative Analysis等刊物。主持國家自然科學基金項目和上海市軟科重點項目等。獲得首屆上海市高校教師教學創新大賽優秀獎(地方正高組,2021年)等教學獎項。
研究領域:創業投融資,科技創新企業發展, 産業組織。主要研究内容:洪蘇婷博士的研究關注風險投資市場,科技創新企業的發展,以及科研成果商業化,通過構建理論模型或者開展實證分析,研究影響科技創新企業發展的市場力量或者政策工具。
講座主要内容
We study the relation between science, technology, engineering & math (STEM) academic entrepreneurial founding team composition and venture performance. While academic founding teams may find it difficult to recruit functionally diverse team members (co-founders with commercial knowledge and experience), their venture development may disproportionately benefit from such diversity. We empirically test that proposition, as well as the mechanisms behind the relationship. We investigate the extent to which superior venture performance arises from (a) functionally diverse founding teams producing higher quality technologies and/or by (b) attracting more experienced financial investors (venture capitalists). By matching academic entrepreneurial founded ventures with observationally similar ones (but not founded by academic entrepreneurs), we empirically test the main effect as well as the two proposed mechanisms. We find a positive relation of STEM academic founders who have co-founders with business backgrounds on venture outcomes. As to the mechanisms, our results are not consistent with the proposition that more diverse teams produce more commercially-relevant patented technology, but rather that such diverse founding teams are more likely to attract the interest of experienced venture capitalists (who in turn help ventures achieve favorable outcomes).