Miguel Meuleman

Miguel Meuleman studies how entrepreneurs and intrapreneurs successfully identify and exploit new opportunities. He looks at different aspects of the new venture creation process: opportunity identification techniques, business model generation, managing uncertainty and financing new ventures. Based on insights from practitioners and academics, he developed a website that lays out the process and principles behind new venture creation. Feel free to have a look at the website: http://toolpack.vlerick.com/.  As a member of the investment committee of the Ark Angel Fund, he evaluates new venture ideas on a daily basis and has experience with the obstacles in the new venture financing process.
Miguel Meuleman has recently also been involved in the launch of The Entrepreneurial Buyout Platform at Vlerick Business School. A new business can be established from scratch or acquired in some way or another through a buyout. In an entrepreneurial buyout an entrepreneurial individual or team pool their own money together with investor money to buy shares in the company from its current owners to create a new independent entity with the main goal to explore entrepreneurial initiative in order to increase efficiency and achieve growth. The Entrepreneurial Buyout Platform wants to promote acquisitions to individuals seeking entrepreneurial opportunities by creating awareness and developing and spreading state-of-the-art knowledge on the processes underlying successful entrepreneurial buyouts.


Job Title : Associate Professor

Management Domain
Entrepreneurship
Small & medium-sized enterprises

Teaching in
Masters in General Management

Expert in
Entrepreneurship
Entrepreneurial Finance
Private Equity and Venture Capital
Innovation Management & Entrepreneurship
New Ventures
Growth management
Private Equity
Buyouts

Profile

Miguel Meuleman obtained his PhD in Applied Economic Sciences at Ghent University in 2007. He was Visiting Scholar during his PhD at Wharton School of Business of the University of Pennsylvania (USA).

He works as Associate Professor Entrepreneurship at the entrepreneurship department at Vlerick Business School. He is specialised in the areas of new venture creation and new venture growth, buyouts, business model generation and entrepreneurial finance.

He has a passion for entrepreneurship education and he has been involved in different projects to make entrepreneurship education more effective. Recently, he has launched initiatives to bridge entrepreneurship education and design. He has written several cases and has been involved in numerous consulting projects.

 

Publications

Articles in refereed journals with impact

  • Baert C. Meuleman M. Debruyne M. Wright M.  forthcoming. Portfolio Entrepreneurship and Resource Orchestration. Strategic Entrepreneurship Journal,

  • Leroy H. Manigart S. Meuleman M. Collewaert V.  2015. Understanding the continuation of firm activities when entrepreneurs exit their firms: Using theory of planned behavior. Journal of Small Business Management, 53(2): 400-415.

  • Meuleman M. Vanacker T. Manigart S.  2014. Path-dependent evolution versus intentional management of investment ties in science-based entrepreneurial firms. Entrepreneurship Theory and Practice, 38(3): 671-690.

  • Bacon N. Wright M. Ball R. Meuleman M.  2013. Private equity, HRM and employment. Academy of Management Perspectives, 27(1 (February)): 7-21.

  • Anders L. Vikström P. Fink M. Meuleman M. Glodek P. Storey D. Kroksgard A.  2013. Measuring the costs and coverage of SME and entrepreneurship policy: A pioneering study. Entrepreneurship Theory and Practice, 38(4): 941-957.

  • De Clercq D. Meuleman M. Wright M.  2012. A Cross-Country Investigation of Micro-Angel Investment Activity: The Roles of New Business Opportunities and Institutions,. International Business Review, 21(2): 117-129.

  • De Maeseneire W. Meuleman M.  2012. Do R&D Subsidies Affect SMEs’ Access to External Financing?. Research Policy, 41(3): 580-591.

  • Bacon N. Wright M. Meuleman M. Scholes L.  2012. The impact of private equity on management practices in European buyouts: short-termism and Anglo American effects. Industrial Relations: A journal of Economy and Society, 51(Supplement S1): 605-626.

  • Vanacker T. Manigart S. Meuleman M. Sels L.  2011. A longitudinal study on the relationship between financial bootstrapping and new venture growth. Entrepreneurship & Regional Development, 23(9/10): 681-705.

  • Meuleman M. Wright M.  2011. Cross-border private equity syndication: Institutions and learning. Journal of Business Venturing, 26(1): 35-48.

  • Bacon N. Wright M. Scholes L. Meuleman M.  2010. Assessing the impact of private equity on industrial relations in Europe. Human Relations, 63(9): 1343-1370.

  • Meuleman M. Lockett A. Manigart S. Wright M.  2010. Partner selection decisions in interfirm collaborations: The paradox of relational embeddedness. Journal of Management Studies, 47(6): 995-1019.

  • Meuleman M. Wright M. Manigart S. Lockett A.  2009. Private Equity Syndication: Agency Costs, Reputation and Collaboration. Journal of Business Finance and Accounting, 36(5/6): 616-644.

  • Meuleman M. Amess K. Wright M. Scholes L.  2009. Agency, strategic entrepreneurship and the performance of private equity backed buyouts. Entrepreneurship: Theory and Practice, 33(1): 213-239.

  • Manigart S. Lockett A. Meuleman M. Wright M. Landström H. Bruining H. Desbrières P. Hommel U.  2006. Venture capitalists' decision to syndicate. Entrepreneurship Theory and Practice, 30(2): 131-153.

Articles in other (un)refereed journals

  • Neckebrouck J. Manigart S. Meuleman M.  forthcoming. Attitudes of family firms towards external investors: The importance of organizational identification. Venture capital,

  • Manigart S. Meuleman M.  2012. Lessons on buy-ins as well as lessons on buy-outs are needed. Financial Times, (August)

  • Leroy H. Manigart S. Meuleman M.  2010. The planned decision to transfer an entrepreneurial company. The IUP Journal of Entrepreneurship Development, 7(1&2): 7-22.

  • Goossens L. Manigart S. Meuleman M.  2008. The change in ownership after a buyout: impact on performance. Journal of Private Equity, 12(1): 31-41.

Book Chapters

  • Meuleman M. Lepoutre J. Tilleuil O. De Maeseneire W.  2010. Breaking into an established market through a process of experimentation: the case of Greenpan. In: Silberzahn P. Van Dyck W. The balancing act of innovation

  • Lockett A. Meuleman M. Wright M.  2010. The syndication of private equity. In: Cumming D. Ed. Private Equity: Fund Types, Risks and Returns, and Regulation (pp. 73-92).

  • Meuleman M. Vanhoutte C.  2008. De impact van netwerken op succesvol ondernemerschap in Vlaanderen. In: Ondernemend Vlaanderen: Startende Ondernemingen onder de loep (pp. 196-219).

  • Meuleman M. Wright M.  2008. Determinants of Cross-border syndication: cultural barriers, legal context, and learning. In: Ed. Frontiers of Entrepreneurship Research 2008 (pp. 536-549). Babson College.

  • Jääskeläinen M. Meuleman M.  2008. The effects of resource dependence on Partnering strategies of venture capital firms. In: Ed. Frontiers of Entrepreneurship Research 2008 (pp. 113-). Babson College.

  • Leroy H. Meuleman M.  2008. Willen is niet altijd kunnen: de brug tussen intentie en ondernemerschap. In: Ondernemend Vlaanderen: Startende Ondernemingen onder de loep (pp. 85-101).

  • Meuleman M. Scholes L.  2007. Agency versus entrepreneurial perspectives on the buyout cycle: an empirical study on venture capital backed buyout transactions in the UK. In: Ed. Frontiers of Entrepreneurship Research 2007 Babson College.

  • Goossens L. Manigart S. Meuleman M.  2007. Prestaties na een buy-out: een empirische studie. (pp. 242-263).

  • Leroy H. Manigart S. Meuleman M.  2007. Uitstappen uit microbedrijven: is willen ook kunnen?. In: Manigart S. Leroy H. Bedrijf te koop - Overlaten en stopzetten in Vlaanderen (pp. 94-113). Roularta Books.

  • Goossens L. Manigart S. Meuleman M.  2007. Performantie na een buy-out: een empirische studie. In: Manigart S. Leroy H. Bedrijf te koop - Overlaten en stopzetten in Vlaanderen Roularta Books.

Books

  • Manigart S. Meuleman M.  2004. Financing Entrepreneurial Companies: How to Raise Equity as a High-Growth Company. Groep De Boeck.

Conference Presentations

  • Vermeire J. Lepoutre J. Meuleman M.  2016. Financialization in the rough: The role of social identity and the meaning of money in explaining the use of microfinance loans among rural South African firm founders. Paper presented at 32nd EGOS Colloquium, July 7-9, Naples, Italy.

  • Vermeire J. Meuleman M.  2016. Opportunity Evaluation At The Bottom Of The Pyramid: Beyond Rule-based Reasoning. Paper presented at Babson College Entrepreneurship Research Conference, June 8-11, Bodø, Norway.

  • Neckebrouck J. Manigart S. Meuleman M.  2016. Working for divergent principals: Effects of private equity on employment practices in family firms. Paper presented at Rencontres de St. Gall - Institutional Context and Governance of SMEs and Family Firms: Trends and Challenges, August 29-31, St. Gallen, Switzerland.

  • Neckebrouck J. Manigart S. Meuleman M.  2016. Working for divergent principals: Effects of private equity on employment practices in family firms. Paper presented at Entfin Conference Lyon 2016, July 8-9, Lyon, France.

  • Neckebrouck J. Manigart S. Meuleman M.  2016. Working for divergent principles: Effects of private equity on employment practices in family firms. Paper presented at 14th Corporate Finance Day, September 23-23, Antwerp, Belgium.

  • Divakaruni A. Meuleman M. Wright M.  2015. The Paradox of Stakeholder Power in Leveraged Buyout Financing: A Multiple-Agency Perspective. Paper presented at the 35th Strategic Management Society (SMS) Annual International Conference 2015, October 3-6, Denver, United States.

  • Vermeire J. Meuleman M.  2015. The Role of Temporal Cognitions in the Entrepreneurial Process. Paper presented at The 75th Annual Meeting of the Academy of Management, August 7-11, Vancouver, Canada.

  • Neckebrouck J. Manigart S. Meuleman M.  2015. Working for divergent principals: The Effects of private equity on employment levels and employment terms in family firms. Paper presented at Babson Conference in Entrepreneurship, June 10-13, Boston, United States.

  • Divakaruni A. Meuleman M. Wright M.  2015. The Paradox of Stakeholder Power in Leveraged Buyout Financing: A Multiple-Agency Perspective. Paper presented at The 75th Annual Meeting of the Academy of Management, August 7-11, Vancouver, Canada.

  • Neckebrouck J. Meuleman M. Manigart S.  2015. Working for Divergent Principals: The Effects of Private Equity on Employment Levels and Employment Terms in Family Firms. Paper presented at 11th EIASM Workshop on Family Firm Management Research, May 29-30, Lyon, France.

  • Meuleman M. Wilson N. Wright M. Neckebrouck J.  2014. When the going gets tough: using multiple agency theory and the resource-based view to explain outcomes of financial distress in entrepreneurial buyouts. Paper presented at Babson Conference in Entrepreneurship, June 4-7, London, Ontario, Canada.

  • Divakaruni A. Meuleman M. Wright M.  2014. The Paradox of Stakeholder Power in Leveraged Buyout Financing: A Multiple-Agency Perspective. Paper presented at the 12th Corporate Finance Day, October 10-10, Paris, France.

  • Neckebrouck J. Meuleman M. Manigart S.  2014. Working for divergent principals: The Effects of private equity on employment security and employment terms in family firms.. Paper presented at RENT 2014 Conference, November 19-21, Luxembourg, Luxembourg.

  • Meuleman M. Wilson N. Wright M. Neckebrouck J.  2014. When the going gets tough: using multiple agency theory and the resource-based view to explain outcomes of financial distress in entrepreneurial buyouts. Paper presented at RENT 2014 Conference, November 19-21, Luxembourg, Luxembourg.

  • Vermeire J. Meuleman M.  2014. The role of future time perspective in explaining entrepreneurial involvement of individuals across countries. Paper presented at Babson College Entrepreneurship Research Conference, June 4-7, London, Canada.

  • Vermeire J. Meuleman M. Lens W.  2014. Future time perspective and small business growth in developing regions. Paper presented at Africa Academy of Management 2nd Biennial Conference Botswana, January 8-11, Gaborone, Botswana.

  • Divakaruni A. Meuleman M. Wright M.  2014. The Paradox of Stakeholder Power in Leveraged Buyout Financing: A Multiple-Agency Perspective. Paper presented at the 15th Meeting of the Belgian Financial Research Forum (BFRF), May 27-27, Louvain-la-Neuve, Belgium.

  • Divakaruni A. Meuleman M. Wright M.  2013. The Paradox of Stakeholder Power in Leveraged Buyout Financing: A Multiple-Agency Perspective. Paper presented at the 11th Corporate Finance Day, September 19-19, Liège, Belgium.

  • Baert C. Meuleman M. Debruyne M. Van Dyck W.  2012. A dynamic learning perspective of portfolio entrepreneurship in nascent markets. Paper presented at RENT XXVI conference: Research in Entrepreneurship and small business, November 21-23, Lyon, France.

  • Leroy H. Manigart S. Meuleman M.  2007. Exit processes of micro-businesses: the decision to transfer. Paper presented at International Conference on Small Business, June 13-15, Turku, Finland.

  • Meuleman M. Manigart S. Wright M. Lockett A.  2006. Social embeddedness and partner selection in interfirm collaborations: a contingency approach. Paper presented at 2006 Annual Meeting of the Academy of Management, August 11-16, Atlanta, Georgia, United States.

  • Meuleman M. Manigart S. Wright M. Lockett A.  2005. Agency costs, reputation and collaboration: evidence from syndication in the management buy-out market. Paper presented at 35th Entrepreneurship, Innovation and Small Business Conference, September 12-14, Barcelona, Spain.

  • Meuleman M. Manigart S. Lockett A.  2005. The syndication of private equity investments: an agency perspective. Paper presented at 16th Kauffman-Babson Entrepreneurship Research Conference, June 9-11, Wellesley, MA, United States.

  • Manigart S. Lockett A. Meuleman M. Desbrières P.  2002. The Syndication of Venture Capital Investments in Europe: Evidence from Five European Countries. Paper presented at Babson College-Kauffman Foundation Entrepreneurship Research Conference, June 6-9, Boulder, Colorado, United States.

Research reports

  • Manigart S. Clarysse B. Hübner G. Meuleman M. Wright M.  2015. Access to finance of SMEs: Young growth oriented companies and company transfers. (24 p.)

  • Devoldere B. Buelens M. De Stobbeleir K. Debruyne M. Meuleman M. Sleuwaegen L.  2014. De inspiratie-economie: een toekomstvisie voor de regionale ontwikkeling van Vlaanderen. Flanders DC. (132 p.)

  • Crijns H. Meuleman M. De Visch K.  2014. How entrepreneurial are Belgian students?. (37 p.)

  • Meuleman M. Neckebrouck J.  2014. Entrepreneurial Buyout Monitor. A clear view on investment results 2013 - outlook 2014. Vlerick Business School. (24 p.)

  • Meuleman M. De Visch K.  2013. Best practices in entrepreneurship education: building an entrepreneurial ecosystem in higher education. Flanders DC. (60 p.)

  • Vermeire J. Van den Berghe W. Meuleman M. Lepoutre J.  2012. Stimuleren van ondernemerschap in het secundair onderwijs een verdieping van Effecto. Flanders DC. (79 p.)

  • Meuleman M. Cools E. Cobben M. Deprez J.  2012. Succesfactoren voor intrapreneurship bij diverse types organisaties. Flanders DC. (79 p.)

  • Buysse R. Meuleman M. Crijns H.  2011. Analysis of the cost of entrepreneurship and SME policies for firms active in Flanders. EWI.

  • Lepoutre J. Tilleuil O. Meuleman M. Crijns H.  2009. Global Entrepreneurship Monitor (GEM): Rapport voor Vlaanderen & België 2008.. (58 p.)

  • Meuleman M. Tilleuil O. Crijns H.  2008. Global Entrepreneurship Monitor. Rapport voor België en Vlaanderen. (84 p.)

  • Bacon N. Wright M. Scholes L. Meuleman M.  2008. The impact of private-equity backed buyouts on employee relations. 

Vlerick cases

  • Verweire K. Meuleman M. Leleux B.F.  2010. Kipling (A): Monkey Business - Kipling tries to conquer the world. ECCH Case Study. Reference no. IMD-3-2153 (C) + IMD-3-2153-T (TN).

  • Verweire K. Meuleman M. Leleux B.F.  2010. Kipling (B): An entrepreneur in stormy weather. ECCH Case Study. Reference no. IMD-3-2154 (C) + IMD-3-2153-T (TN).

Vlerick working papers

  • Leroy H. Manigart S. Meuleman M. Collewaert V.  2010. So I'm leaving...and now what? Exploring drivers of the decision to sell upon entrepreneurial exit. 2010

  • Leroy H. Manigart S. Meuleman M.  2009. The planned decision to transfer an entrepreneurial company. 2009/13 (29p.).

  • De Clercq D. Meuleman M. Wright M.  2009. What drives informal investment activity? A cross-country comparison. 2009/16 (47p.).

  • Meuleman M. Amess K. Wright M. Scholes L.  2008. Agency, strategic entrepreneurship and the performance of private equity backed buyouts. 2008/5 (45p.).

  • Meuleman M. De Maeseneire W.  2008. Do R&D subsidies affect SME's: access to external financing. 2008/12 (43p.).

  • Vanacker T. Manigart S. Meuleman M.  2008. Towards an evolutionary model of the entrepreneurial financing process: insights from biotechnology startups. 2008/9 (40p.).

  • Goossens L. Manigart S. Meuleman M.  2007. The change in ownership after a buyout: impact on performance. 2007/26 (23p.).

  • Meuleman M. Manigart S. Lockett A. Wright M.  2006. Transaction costs, behavioral uncertainty and the formation of interfirm cooperations: Syndication in the UK private equity market. 2006

  • Meuleman M. Manigart S. Lockett A. Wright M.  2006. Working with unfamiliar partners: Relational embeddedness and partner selection in inter-firm collaborations. 2006

  • Manigart S. Lockett A. Meuleman M. Wright M. Landström H. Bruining H. Desbrières P. Hommel U.  2002. Why do European venture capital companies syndicate?. 2002/20 (38p.).