• Entrepreneurial Spawning: Experience, Education, and Exit 

      Cumming, Douglas; Walz, Uwe; Werth, Jochen Christian (2016-02-29)
      We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to act as a business angel, to found another firm, or to become dependently employed. Our detailed data from ...
    • Governance in Entrepreneurial Ecosystems: Venture Capitalists vs. Technology Parks 

      Cumming, Douglas; Werth, Jochen Christian; Zhang, Yelin (2017-03-09)
      We argue two alternative routes that lead entrepreneurial start-ups to acquisition outcomes instead of liquidation. On one hand, acquisitions can come about through the control route with external financers such as venture ...
    • The Effect of Personal Financing Disruptions on Entrepreneurship 

      Hanspal, Tobin (2018-10-14)
      This paper studies how disruptions to personal sources of financing, aside from commercial lending supply shocks, impair the survival and growth of small businesses. Entrepreneurs holding deposit accounts at retail banking ...