Details about Thomas Hellmann

Access statistics for papers by Thomas Hellmann.

Last updated 2023-07-07. Update your information in the RePEc Author Service.

Short-id: phe157

Working Papers

2020

1. A Theory of Voluntary Testing and Self-isolation in an Ongoing Pandemic
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article A theory of voluntary testing and self‐isolation in an ongoing pandemic, Journal of Public Economic Theory, Association for Public Economic Theory (2022) View citations (1) (2022)

2019

2. Be Careful What You Ask For: Fundraising Strategies in Equity Crowdfunding
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
3. Getting Tired of Your Friends: The Dynamics of Venture Capital Relationships
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2018

4. May the Force be With You: Investor Power and Company Valuations
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Journal Article May the force be with you: Investor power and company valuations, Journal of Corporate Finance, Elsevier (2022) (2022)

2017

5. From Start-up to Scale-up: Examining Public Policies for the Financing of High-Growth Ventures
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (20)
   Also in Working Papers, Bruegel (2017) View citations (18)

2016

6. The importance of trust for investment: Evidence from venture capital
   Other publications TiSEM, Tilburg University, School of Economics and Management View citations (139)
   Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2007) View citations (18)
   Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna (2007) View citations (20)
   NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (38)

2014

7. Friends or Foes: The Interrelationship between Angel and Venture Capital Markets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   See also Journal Article Friends or foes? The interrelationship between angel and venture capital markets, Journal of Financial Economics, Elsevier (2015) View citations (48) (2015)

2012

8. A Theory of the Firm based on Partner Displacement
   NBER Working Papers, National Bureau of Economic Research, Inc

2011

9. A Survey of Venture Capital Research
   Other publications TiSEM, Tilburg University, School of Economics and Management View citations (31)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (39)
   Discussion Paper, Tilburg University, Center for Economic Research (2011) View citations (40)
   See also Chapter A Survey of Venture Capital Research, Handbook of the Economics of Finance, Elsevier (2013) View citations (98) (2013)
10. The Circulation of Ideas in Firms and Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)
    Also in Working Papers, Fondazione Eni Enrico Mattei (2010) View citations (1)
    Institutions and Markets Papers, Fondazione Eni Enrico Mattei (FEEM) (2010) View citations (2)
    See also Journal Article The Circulation of Ideas in Firms and Markets, Management Science, INFORMS (2011) View citations (62) (2011)
11. The First Deal: The Division of Founder Equity in New Ventures
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2010

12. The Effects of Government-Sponsored Venture Capital: International Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Journal Article The Effects of Government-Sponsored Venture Capital: International Evidence, Review of Finance, European Finance Association (2015) View citations (85) (2015)
13. The Importance of Trust for Investment: Evidence From Venture Capital (Revision of DP 2009-43)
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2010) View citations (3)

2009

14. What is the role of legal systems in financial intermediation? Theory and evidence
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (59)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2008) View citations (2)
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna (2007) View citations (4)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2005) View citations (13)
    Discussion Paper, Tilburg University, Center for Economic Research (2008) View citations (2)
    See also Journal Article What is the role of legal systems in financial intermediation? Theory and evidence, Journal of Financial Intermediation, Elsevier (2009) View citations (63) (2009)

2008

15. Government Sponsored versus Private Venture Capital: Canadian Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    See also Chapter Government Sponsored versus Private Venture Capital: Canadian Evidence, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (27) (2010)
16. Who are the active investors? Evidence from venture capital
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (241)
    Also in Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna (2007) View citations (11)
    See also Journal Article Who are the active investors?: Evidence from venture capital, Journal of Financial Economics, Elsevier (2008) View citations (236) (2008)

2006

17. The Circulation of Ideas: Firms Versus Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)

2005

18. The Role of Patents for Bridging the Science to Market Gap
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Chapter The Role of Patents for Bridging the Science to Market Gap, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (55) (2007)
    Journal Article The role of patents for bridging the science to market gap, Journal of Economic Behavior & Organization, Elsevier (2007) View citations (57) (2007)

2004

19. Active Financial Intermediation: Evidence on the Role of Organizational Specialization and Human Capital
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (10)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (9)
20. Building Relationships Early: Banks in Venture Capital
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Building Relationships Early: Banks in Venture Capital, The Review of Financial Studies, Society for Financial Studies (2008) View citations (151) (2008)

2003

21. The Genesis of Venture Capital - Lessons from the German Experience
    CESifo Working Paper Series, CESifo View citations (23)
    Also in Research Papers, Stanford University, Graduate School of Business (2000) View citations (10)

2002

22. Banks as Catalysts for Industrialization
    Research Papers, Stanford University, Graduate School of Business View citations (58)
    Also in William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan (2001) View citations (11)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2000)
    FMG Discussion Papers, Financial Markets Group (2000)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (42)
    See also Journal Article Banks as Catalysts for Industrialization, Journal of Financial Intermediation, Elsevier (2002) View citations (59) (2002)
23. Banks in venture capital: a research agenda
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
24. IPOs, Acquisitions and the Use of Convertible Securities in Venture Capital
    Research Papers, Stanford University, Graduate School of Business View citations (2)
    See also Journal Article IPOs, acquisitions, and the use of convertible securities in venture capital, Journal of Financial Economics, Elsevier (2006) View citations (100) (2006)
25. When Do Employees Become Entrepreneurs?
    Research Papers, Stanford University, Graduate School of Business View citations (27)
    See also Journal Article When Do Employees Become Entrepreneurs?, Management Science, INFORMS (2007) View citations (90) (2007)

2000

26. Entrepreneurship and the Process of Obtaining Resource Commitments
    Research Papers, Stanford University, Graduate School of Business View citations (5)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (4)
27. Going Public and the Option Value of Convertible Securities in Venture Capital
    Research Papers, Stanford University, Graduate School of Business View citations (4)
28. Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence
    Research Papers, Stanford University, Graduate School of Business View citations (52)
    See also Journal Article Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence, Journal of Finance, American Finance Association (2002) View citations (699) (2002)

1993

29. The government's role in Japanese and Korean credit markets: a new institutional economics perspective
    Policy Research Working Paper Series, The World Bank View citations (7)

Undated

30. Banks as Catalysts of the Big Push
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (2)

Journal Articles

2023

1. Scaling versus Selling Startups: The Role of Foreign Acquirers in Entrepreneurial Ecosystems
   Journal of Political Economy Microeconomics, 2023, 1, (2), 348 - 399

2022

2. A theory of voluntary testing and self‐isolation in an ongoing pandemic
   Journal of Public Economic Theory, 2022, 24, (5), 873-911 View citations (1)
   See also Working Paper A Theory of Voluntary Testing and Self-isolation in an Ongoing Pandemic, NBER Working Papers (2020) (2020)
3. May the force be with you: Investor power and company valuations
   Journal of Corporate Finance, 2022, 72, (C)
   See also Working Paper May the Force be With You: Investor Power and Company Valuations, NBER Working Papers (2018) View citations (1) (2018)

2021

4. Angels and venture capitalists: Substitutes or complements?
   Journal of Financial Economics, 2021, 141, (2), 454-478 View citations (8)

2019

5. Cross-Border Venture Capital Investments: What Is the Role of Public Policy?
   JRFM, 2019, 12, (3), 1-22 View citations (7)
6. Fostering Entrepreneurship: Promoting Founding or Funding?
   Management Science, 2019, 67, (6), 2502-2521 View citations (11)

2017

7. Partner Uncertainty and the Dynamic Boundary of the Firm
   American Economic Journal: Microeconomics, 2017, 9, (4), 277-302 View citations (1)

2016

8. Editor's Choice The Importance of Trust for Investment: Evidence from Venture Capital
   The Review of Financial Studies, 2016, 29, (9), 2283-2318 View citations (131)

2015

9. Contracting among Founders
   The Journal of Law, Economics, and Organization, 2015, 31, (3), 629-661 View citations (6)
10. Friends or foes? The interrelationship between angel and venture capital markets
    Journal of Financial Economics, 2015, 115, (3), 639-653 View citations (48)
    See also Working Paper Friends or Foes: The Interrelationship between Angel and Venture Capital Markets, NBER Working Papers (2014) View citations (6) (2014)
11. The Effects of Government-Sponsored Venture Capital: International Evidence
    Review of Finance, 2015, 19, (2), 571-618 View citations (85)
    See also Working Paper The Effects of Government-Sponsored Venture Capital: International Evidence, NBER Working Papers (2010) View citations (17) (2010)

2011

12. Incentives and Innovation: A Multitasking Approach
    American Economic Journal: Microeconomics, 2011, 3, (1), 78-128 View citations (55)
13. The Circulation of Ideas in Firms and Markets
    Management Science, 2011, 57, (10), 1813-1826 View citations (62)
    See also Working Paper The Circulation of Ideas in Firms and Markets, NBER Working Papers (2011) View citations (63) (2011)

2009

14. Introduction to the Special Issue on Economics and Strategy of Entrepreneurship
    Journal of Economics & Management Strategy, 2009, 18, (3), 615-621
15. What is the role of legal systems in financial intermediation? Theory and evidence
    Journal of Financial Intermediation, 2009, 18, (4), 559-598 View citations (63)
    See also Working Paper What is the role of legal systems in financial intermediation? Theory and evidence, Other publications TiSEM (2009) View citations (59) (2009)

2008

16. Building Relationships Early: Banks in Venture Capital
    The Review of Financial Studies, 2008, 21, (2), 513-541 View citations (151)
    See also Working Paper Building Relationships Early: Banks in Venture Capital, NBER Working Papers (2004) View citations (20) (2004)
17. Who are the active investors?: Evidence from venture capital
    Journal of Financial Economics, 2008, 89, (3), 488-512 View citations (236)
    See also Working Paper Who are the active investors? Evidence from venture capital, Other publications TiSEM (2008) View citations (241) (2008)

2007

18. Entrepreneurs and the Process of Obtaining Resources
    Journal of Economics & Management Strategy, 2007, 16, (1), 81-109 View citations (25)
19. The role of patents for bridging the science to market gap
    Journal of Economic Behavior & Organization, 2007, 63, (4), 624-647 View citations (57)
    See also Chapter The Role of Patents for Bridging the Science to Market Gap, NBER Chapters, 2007 (2007) View citations (55) (2007)
    Working Paper The Role of Patents for Bridging the Science to Market Gap, NBER Working Papers (2005) View citations (11) (2005)
20. When Do Employees Become Entrepreneurs?
    Management Science, 2007, 53, (6), 919-933 View citations (90)
    See also Working Paper When Do Employees Become Entrepreneurs?, Research Papers (2002) View citations (27) (2002)

2006

21. IPOs, acquisitions, and the use of convertible securities in venture capital
    Journal of Financial Economics, 2006, 81, (3), 649-679 View citations (100)
    See also Working Paper IPOs, Acquisitions and the Use of Convertible Securities in Venture Capital, Research Papers (2002) View citations (2) (2002)

2002

22. A theory of strategic venture investing
    Journal of Financial Economics, 2002, 64, (2), 285-314 View citations (131)
23. Banks as Catalysts for Industrialization
    Journal of Financial Intermediation, 2002, 11, (4), 366-397 View citations (59)
    See also Working Paper Banks as Catalysts for Industrialization, Research Papers (2002) View citations (58) (2002)
24. On the fundamental role of venture capital
    Economic Review, 2002, 87, (Q4), 19-23 View citations (3)
25. Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence
    Journal of Finance, 2002, 57, (1), 169-197 View citations (699)
    See also Working Paper Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence, Research Papers (2000) View citations (52) (2000)

2000

26. Credit and equity rationing in markets with adverse selection
    European Economic Review, 2000, 44, (2), 281-304 View citations (64)
27. Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough?
    American Economic Review, 2000, 90, (1), 147-165 View citations (1034)
28. The Interaction between Product Market and Financing Strategy: The Role of Venture Capital
    The Review of Financial Studies, 2000, 13, (4), 959-84 View citations (460)

1998

29. The Allocation of Control Rights in Venture Capital Contracts
    RAND Journal of Economics, 1998, 29, (1), 57-76 View citations (224)

1996

30. Development finance as institution building: A new approach to poverty-oriented banking: Jan Pieter Krahnen and Reinhard H. Schmidt, Westview Press, Boulder, USA, 1994, 145 pp., US $45.00, ISBN 0-8133-2457-2
    Journal of Development Economics, 1996, 50, (2), 392-395

Books

2009

1. Entrepreneurship: Strategy and Structure
   NBER Books, National Bureau of Economic Research, Inc View citations (1)

Chapters

2013

1. A Survey of Venture Capital Research
   Elsevier View citations (98)
   See also Working Paper A Survey of Venture Capital Research, Tilburg University, School of Economics and Management (2011) View citations (31) (2011)

2010

2. Government Sponsored versus Private Venture Capital: Canadian Evidence
   A chapter in International Differences in Entrepreneurship, 2010, pp 275-320 View citations (27)
   See also Working Paper Government Sponsored versus Private Venture Capital: Canadian Evidence, National Bureau of Economic Research, Inc (2008) View citations (22) (2008)

2009

3. Introduction to "Economics and Strategy of Entrepreneurship"
   A chapter in Entrepreneurship: Strategy and Structure, 2009

2007

4. The Role of Patents for Bridging the Science to Market Gap
   A chapter in Academic Science and Entrepreneurship: Dual Engines of Growth, 2007 View citations (55)
   See also Journal Article The role of patents for bridging the science to market gap, Elsevier (2007) View citations (57) (2007)
   Working Paper The Role of Patents for Bridging the Science to Market Gap, National Bureau of Economic Research, Inc (2005) View citations (11) (2005)

1998

5. Financial Restraint and the Market Enhancing View
   Palgrave Macmillan View citations (3)