Papers

Relevant academic articles and working papers from the Future of Finance and Technology research team.

A model of early stage finance.
Gerad working paper (2020). Gauthier, G. & Vulkan, N. 

Herding in Equity Crowdfunding.
Working paper (2020). Astebro, T., Fernandez Sierra, M., Lovo, S. & Vulkan, N. 

Forced ecosystems and digital stepchildren: Reconfiguring advertising suppliers to realize disruptive social media technology
Strategy Science (2020). Ozcan, P. & Hannah, D. 

The evolution of equity crowdfunding: Insights from co-investments of angels and the crowd.
Research Policy (2019). Wang, W., Mahmood, A., Sismeiro, C. & Vulkan, N. 

Be Careful What You Ask For: Fundraising Strategies in Equity Crowdfunding. 
NBER Working paper Series (2019). Hellmann, T., Mostipan, I. & Vulkan, N.

Fostering entrepreneurship: Promoting founding or funding? 
Management Science (2019) Hellmann, T. & Thiele, V.  

Angels and venture capitalists: substitutes or complements? 
ECGI Working Paper Series in Finance (2019) Hellmann, T., Schure, P.  & Vo, D.  

Getting tired of your friends: The dynamics of venture capital relationships. 
NBER Working Paper Series (2019) Du, Q. & Hellmann, T.  

Cross-border venture capital investments: What is the role of public policy? 
Journal of Risk and Financial Management  (2019) Bradley, W., Duruflé, G. Hellmann, T. & Wilson, K.

The API economy and digital transformation in financial services: The case of open banking. 
Swift Institute Working Paper (2017) Zachariadis, M. & Ozcan, P. 

Ownership dynamics within founder teams: The role of external financing. 
Strategic Entrepreneurship Journal (2017) Hellmann, T., Schure, P., Tergiman, C. & Vo, D.

Equity crowdfunding: A new phenomena. 
Journal of Business Venturing Insights (2016) Vulkan, N., Astebro, T., & Fernandez Sierra, M.

The market that never was: Turf wars and failed alliances in mobile payments
Strategic Management Journal (2014)Ozcan, P. & Santos, F.