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DTSTART;TZID=Europe/Berlin:20260408T103000
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CREATED:20251017T092622Z
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SUMMARY:Entrepreneurial Finance
DESCRIPTION:Course type\nIWH-DPE Elective Course (Banking & Finance Topic Track) \nLecturer\nProfessor Merih Sevilir\, PhD (IWH\, ESMT Berlin) \nSummary\nThis course provides a broad view of entrepreneurial finance and venture capital (VC)-backed startups (also referred to as high-growth and high-impact startups). It aims to facilitate an understanding of how entrepreneurs raise financing from investors\, how investors select startups\, and how financing contributes to a startup’s success. It discusses the contribution of VC- backed startups to the economy\, society and well-being of people. \nThe course also encourages critical reflection and discussion on the nuanced nature of success in entrepreneurship. It explores how the definition of success is often ambiguous and multidimensional\, making it challenging to clearly distinguish between success and failure. Students will be invited to brainstorm and debate different perspectives on what constitutes entrepreneurial success\, considering financial outcomes\, social impact\, personal fulfillment\, and long-term sustainability. \nSchedule\n08.04.2026          10:30-12:00         IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n22.04.2026          10:30-12:00         IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n06.05.2026          10:30-12:00         IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n20.05.2026          10:30-12:00         IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room \nContent\n\nWhat is entrepreneurial finance?\nStaged Financing and Allocation of Control Rights in Entrepreneurial Finance\nWhat do venture capitalists do?\nExit and Scaleup of Startups\n\nCourse requirements\nAttendance at all lectures is mandatory and a prerequisite to take the exam. \nAt the end of the course\, the participants will be provided with a list of published and recent working papers on the broad topic of entrepreneurial finance. Each participant will choose a paper based on his/her interest and provide a critical assessment of the paper. \nRequired Reading\n1. What is entrepreneurial finance? \nLerner\, J. and Nanda\, R. (2020). Venture Capital’s Role in Financing Innovation: What We Know and How Much We Still Need to Learn. Journal of Economic Perspectives. 34(3)\, 237-261. \n2. Staged Financing and Allocation of Control Rights in Entrepreneurial Finance \nGompers\, P. A. (1995). Optimal Investment\, Monitoring\, and the Staging of Venture Capital. Journal of Finance. 50(5)\, 1461–1489. \nEwens\, M. and Malenko\, N. (2020). Board Dynamics over the Startup Life Cycle. \n3. What do venture capitalists do? \nHellmann\, T. and Puri\, M. (2002). Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence. Journal of Finance. 57(1)\, 169–197. \nBernstein\, S.\, Giroud\, X. and Townsend\, R. R. (2016). The Impact of Venture Capital Monitoring. Journal of Finance. 71(4)\, 1591–1622. \n4. Exit and Scaleup of Startups \nBernstein\, S. (2022). The Effects of Public and Private Equity Markets on Firm Behavior. Annual Review of Financial Economics. 14(1)\, 295-318. \nRegistration\nPlease register for the course until March 31\, 2026 by sending an e-mail to cgde@iwh-halle.de.
URL:https://cgde-home.de/event/entrepreneurial-finance/2026-04-08/
LOCATION:Halle Institute for Economic Research (IWH) – Member of the Leibniz Association\, Leipziger Straße 100\, 06108 Halle (Saale)\, conference room\, 3rd floor\, Leipziger Strasse 100\, Halle (Saale)\, Saxony-Anhalt\, 06108\, Germany
CATEGORIES:Special Courses
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