Séminaire Quaresmi jeudi 21 avril “Venture capital investments through the lens of network and functional data analysis”

Jeudi 21 avril 2022 à 14h, nous aurons le plaisir d’assister au prochain séminaire Quaresmi. Lorenzo Testa et Marco Gortan des Universités de Pise et Bocconi (Milan) nous présenteront un exposé intitulé “Venture capital investments through the lens of network and functional data analysis” dont voici un résumé :

By characterizing the performance of venture capital-backed firms based on their ability to attract investment, the aim of our study is to identify relevant predictors of success built from the network structure of firms’ and investors’ relations. Focusing on deal-level data for the health sector, we first create a bipartite network among firms and investors, and then apply functional data analysis (FDA) to derive progressively more refined indicators of success captured by a binary, a scalar and a functional outcome. More specifically, we use different network centrality measures to capture the role of early investments for the success of the firm. Our results, which are robust to different specifications, suggest that success has a strong positive association with centrality measures of the firm and of its large investors, and a weaker but still detectable association with centrality measures of small investors and features describing firms as knowledge bridges.

L’exposé sera suivi via Teams à 14h. Le séminaire est ouvert à tous. Pour faciliter l’organisation, merci de vous inscrire auprès de quaresmi@ichec.be

Au plaisir de vous y voir nombreux !