Tracks

Thursday, July 6th, 2017 / 11:00 - 12:30
Track 1.1: Investors & interest rates

Implicit interest and financing
Presenter: Meijun Qian, Australian National University
Do interest rates affect venture capital fundraising, demand and investments?
Presenter: Cristiano Bellavitis, Auckland Business School
How wise are crowd? A comparative study of crowd and institutions in peer-to-business online lending markets.
Presenter: Ali Mohammadi, University of Gothenburg

Track 1.2: Business angels

What drives the performance of angel-backed companies? A comparative analysis of alternative angel investment practices
Presenter: Vincenzo Capizzi, Università del Piemonte Orientale
Business angel investments: success factors and similarity
Presenter: Barbara Stolz, Technische Universität München

Track 1.3: Crowdfunding

Disentangling crowdfunding from fraudfunding
Presenter: Moein Karami, Concordia University
Kick-start your business – impression management in crowdfunding pitches
Presenter: Sofie De Prijcker, Katholieke Universiteit Leuven
Is wisdom of the crowd a positive signal? Effects of crowdfinancing on subsequent venture capital selection
Presenter: Michael Mödl, Max Planck Institute for Innovation and Competition

Track 1.4: Initial Public Offerings

The effects of stricter regulation on entrepreneurial IPOs
Presenter: Michele Meoli, University of Bergamo
Investor relations and IPO performance
Presenter: Salim Chahine, American University of Beirut
Know when to hold ’em, know when to fold ’em: lessons from Canada’s venture exchange
Presenter: Brian Smith, Wilfrid Laurier University

Thursday, July 6th, 2017 / 14:00 – 15:30
Track 1.5: Debt

The capital structure of business start-ups across Europe: the effect of a "fresh start" policy
Presenter: Jürgen Hanssens, Ghent University
Marketplace lending of SMEs
Presenter: Lars Hornuf, University of Trier
Craft lending: the role of small banks in small business finance
Presenter: Michal Kowalik, Federal Reserve Bank of Boston

Track 1.6: Contracts & exits

Understanding the business angel's exit process: an exploratory study
Presenter: Tiago Botelho, University of East Anglia
Optimal contracts with strategic exit of short-termists investors: a model
Presenter: Guillaume Andrieu, Montpellier Business School
Negotiating incomplete contracts: the role of relational governance in contractual design
Presenter: Truls Erikson, University of Oslo

Track 1.7: Equity crowdfunding

Investors’ choice between cash and voting rights: evidence from dual-class equity crowdfunding
Presenter: Silvio Vismara, University of Bergamo
Equity crowdfunding: first resort or last resort?
Presenter: Xavier Walthoff-Borm, Ghent University
Dynamics of investor communication in equity crowdfunding
Presenter: Martina Weber, University of Regensburg

Thursday, July 6th, 2017 / 16:00 – 17:00
Track 1.8: Innovation

Does political corruption impede firm innovation? Evidence from the United States
Presenter: Tao Yuan, City University of Hong Kong
Firms' innovation strategy under the shadow of analyst coverage
Presenter: Bing Guo, Universidad Carlos III de Madrid

Track 1.9: Funding dynamics

Entrepreneurial manipulation with staged financing
Presenter: Chris Yung, University of Virginia
The financing dynamics of newly founded firms
Presenter: Uwe Walz, Goethe University Frankfurt

Track 1.10: Venture capital

The impact of venture capital monitoring in Europe
Presenter: Silvio Vismara, University of Bergamo
When can government venture capital funds bridge the equity gap?
Presenter: Anita Quas, Emlyon Business School

Friday, July 7th, 2017 / 09:00 – 10:30
Track 2.1: Family & friends, personal finance

Are family and friends the wrong investors? Evidence from U.S. start-ups
Presenter: Luana Zaccaria, Einaudi Institute for Economics and Finance
The effect of personal financing disruptions on entrepreneurship
Presenter: Tobin Hanspal, Goethe University Frankfurt
Friends and family? How young entrepreneurial firms really fund their assets
Presenter: Tatyana Sokolyk, Brock University

Track 2.2: Buyouts

The role of bank networks in leveraged buyout financing
Presenter: Anantha Krishna Divakaruni, Vlerick Business School
LBO performance in emerging countries: a comparative study in Latin America and Asia
Presenter: Aurélie Sannajust, University of Saint-Etienne
Do buy and build strategies increase illiquidity of private equity investments?
Presenter: Benjamin Hammer, HHL Leipzig Graduate School of Management

Track 2.3: Venture capital

Does religiosity influence venture capital investment decisions?
Presenter: Monika Tarsalewska, University of Exeter Business School
Better safe than sorry
Presenter: Carolin Helmreich, Heinrich-Heine Universität Düsseldorf
The effect of venture capitalists straying from their industry comfort zones
Presenter: Tyler Hull, University of Massachusetts Boston

Friday, July 7th, 2017 / 11:00 – 12:30
Track 2.4: Private equity

Style drifting in private equity: when are drifts implemented and how do they affect investment performance?
Presenter: David Rody, Technische Universität München
Working for divergent principals: effects of private equity on employment practices in family firms
Presenter: Jeroen Neckebrouck, Vlerick Business School
Buy and build strategies in private equity: boost or transformation?
Presenter: Benjamin Hammer, HHL Leipzig Graduate School of Management

Track 2.5: Financial crisis

The financial crisis and risk assessment: shifts in demand, supply and character
Presenter: Nicolas Legendre, University of Ottawa
The role of private versus governmental venture capital in fostering job creation during the crisis
Presenter: José Martí Pellon, Universidad Complutense de Madrid
Productivity growth in the financial crisis: evidence from a sample of entrepreneurial firms
Presenter: Gustav Martinsson, KTH Royal Institute of Technology

Track 2.6: Bank lending

Discouraged borrowers and the case of informal turndowns
Presenter: Allan Riding, University of Ottawa
Local banking development and the use of debt financing by start-ups
Presenter: Marc Deloof, University of Antwerp

Click here to download the overall programme and overview of the tracks.

Any questions or requests? Don’t hesitate to contact the conference organizers via entfin@vlerick.com.