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SUMMARY:MTEI Seminar by Prof. Thomas Astebro
DTSTART;VALUE=DATE:20121022
DTSTAMP:20260509T054120Z
UID:ac6aab634c3d3de0c1341e68352e18d7430d6a5c00ee5aaa9d5d7ffd
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Thomas Astebro\, HEC Paris\n"Business Partners\, Financi
 ng\, and the Commercialization of Inventions"\n\n\n\nAbstract\nThis paper 
 studies the effect of business partners on the commercialization of invent
 ion-based ventures\, and it assesses the relative importance of partners' 
 human and social capital on commercialization outcomes. Projects run by pa
 rtnerships were five times more likely to reach commercialization\, and th
 ey had mean revenues approximately ten times greater than projects run by 
 solo-entrepreneurs. These gross differences may be due both to partners ma
 rginally impacting business success and to selection. After controlling fo
 r selection effects and observed/unobserved heterogeneity\, the smallest e
 stimate of partner human/social capital approximately doubles the probabil
 ity of commercialization and increases expected revenues by 29% at the sam
 ple mean.\n\nBy  Thomas Åstebro and Carlos J. Serrano
LOCATION:ODY 4.03 VIP room http://plan.epfl.ch/?zoom=19&recenter_y=5863800
 .12869&recenter_x=731560.22521&layerNodes=fonds\,batiments\,labels\,inform
 ation\,parkings_publics\,arrets_metro&floor=4&q=ody_4.03
STATUS:CONFIRMED
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