Thomas ASTEBRO

Professor

Economics and Decision Sciences

Biography

Thomas Åstebro is the L'Oreal Professor of Entrepreneurship at HEC Paris; Academic Director CDL Paris, and former Academic Director, HEC Online Master in Innovation and Entrepreneurship; co-Director Entrepreneurship Track HEC MBA Program, Academic Director of the HEC Leadership Center; member of the Steering committee HEC Management Research Group; and member of the Steering and Curriculum committees in the MBA Program at HEC. He is listed in Marquis Who's Who in the World , is among the top 1 percent most downloaded authors on www.ssrn, has made over 200 presentations, published over 40 academic journal articles, and has been mentioned in business media over 50 times (including The Economist, Business Week, The Times, and Wall Street Journal). He is Editor at Small Business Economics and Associate Editor at Management Science. He has previously held positions at University of Waterloo, University of Toronto, and KU Leuven.

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Scientific articles

"Remembering David J Storey, a pioneer of the entrepreneurship field" (editorial)

Small Business Economics, January 2024, vol. 62, pp 1-21, (in coll. with S. C. Parker, D. B. Audretsch, R. Blackburn, A. Burke, A. Coad, M. Cowling, P. Davidsson, M. Fritsch, F. Greene, P. D. Reynolds, R. Thurik)

Herding in Equity Crowdfunding

RAND Journal of Economics, Fall 2024, vol. 55, n° 3, pp 403-441, (in coll. with M. FERNANDEZ, S. LOVO, N. VULKAN)

Declining science‐based startups: Strategic human capital and the value of working in startups versus established firms

Strategic Entrepreneurship Journal, December 2023, vol. 17, n° 4, pp 830-856, (in coll. with Y. DING, S. Braguinsky)

System-, teacher-, and student-level interventions for improving participation in online learning at scale in high schools

Proceedings of the National Academy of Sciences of the United States of America_PNAS, July 2023, vol. 120, n° 30, pp e2216686120, (in coll. with I. Asanov, A.-M. Asanov, G. Buenstorf, B. CRÉPON, D. McKenzie, F. P. Flores T., M. Mensmann, M. SCHULTE)

Venture Capital Financing in Europe: Gender and Ethnic Diversity in Founder Teams

Journal of Portfolio Management, September 2022, vol. 48, n° 9, pp 250-271, (in coll. with R. Rafih, C. J. SERRANO)

Practical Applications of An Inside Peek at AI Use in Private Equity

Practical Applications, September 2022, pp 513,

Impact Measurement based on Repeated Randomized Control Trials: The Case of a Training Program to Encourage Social Entrepreneurship

Strategic Entrepreneurship Journal, June 2021, vol. 15, n° 2, pp 254-278, (in coll. with F. HOOS)

An Inside Peek at AI Use in Private Equity

The Journal of Financial Data Science, Summer 2021, vol. 3, n° 3, pp 97-107,

The Impact of Overconfidence and Ambiguity Attitude on Market Entry

Organization Science, March - April 2020, vol. 31, n° 2, pp 308-329, (in coll. with C. GUTIERREZ, T. OBLOJ)

Academic Entrepreneurship: The Bayh-Dole Act versus the Professor’s Privilege

ILR Review, October 2019, vol. 72, n° 5, pp 1094-1122, (in coll. with B. BRAGUINSKY, P. BRAUNERHJELM, A. BROSTRÖM)

Chapters in edited books

The Returns to Entrepreneurship

The Oxford Handbook Of Entrepreneurial Finance, D. Cummins (ed.), Oxford University Press, 45-108

Universities, Entrepreneurship and Regional Local Development

Handbook Of Research On Entrepreneurship And Regional Development, M. Fritsch (ed.), Edward Elgar Publishing, 252-333

"Universitetens roll för nyföretagande och regional utveckling", (The role of universities for new firm formation and regional development)

2010 “An Innovation Strategy For Sweden– Swedish Economic Forum Policy Summary”, P. Braunerhjelm, Swedish Entrepreneurship Forum, 47-61

Computer Aided Design

Computer Integrated Manufacturing, The Past, The Present And The Future, R. U. Ayres, W. Haywood, M. E. Merchant, J. Ranta, J. Warnecke (eds.), Chapman & Hall, 83-96

The International Diffusion of Computer Aided Design

Computer Integrated Manufacturing Technologies; Models, Case Studies And Forecasts Of Diffusion, R.U. Ayres, W. Haywood, I. Tchijov (eds.), Chapman & Hall, 171-196

Proceedings

Two-Sided Platform Governance: Are Founders Manipulating the Crowd in Crowdfunding?

Munich Summer Institute 2022 , 2022 (J. PENALVA)

The Role of Overconfidence? An Experiment on Attitudes Toward Two Types of Ambiguity

2019 DRUID conference , 2019 , Copenhaguen , 4970 (A. SHYTI, C. PARASCHIV)

The impact of overconfidence on market entry

76th Annual Meeting of the Academy of Management , 2016 , Anaheim , Meeting Abstract Supplement , January (C. GUTIERREZ MORENO)

Working papers

Declining Business Dynamism among Our Best Opportunities: The Role of the Burden of Knowledge

Cahier de Recherche du Groupe HEC , 2020

On-line Appendix for 'Academic Entrepreneurship: Bayh-Dole versus the Professor's Privilege'

Cahier de Recherche du Groupe HEC , 2018

Gross, Net, and New Job Creation by Entrepreneurs

Cahier de Recherche du Groupe HEC , 2017

Herding in Equity Crowdfunding

Cahier de Recherche du Groupe HEC , 2017

The Impact of Overconfidence and Ambiguity Attitude on Market Entry

Cahier de Recherche du Groupe HEC , 2017

Appendix: Invention Quality and Entrepreneurial Earnings: The Role of Prior Employment Variety

Cahier de Recherche du Groupe HEC , 2016

Invention Quality and Entrepreneurial Earnings: The Role of Prior Employment Variety

Cahier de Recherche du Groupe HEC , 2016

Public Policy to Promote Entrepreneurship: A Call to Arms

Cahier de Recherche du Groupe HEC , 2016

The Effects of a Training Program to Encourage Social Entrepreneurship

Cahier de Recherche du Groupe HEC , 2016

Academic Entrepreneurship: Bayh-Dole versus the 'Professor's Privilege'

Cahier de Recherche du Groupe HEC , 2015

Scientific articles

"Remembering David J Storey, a pioneer of the entrepreneurship field" (editorial)

Herding in Equity Crowdfunding

RAND Journal of Economics, Fall 2024, vol. 55, n° 3, pp 403-441, (in coll. with M. FERNANDEZ, S. LOVO, N. VULKAN)

Declining science‐based startups: Strategic human capital and the value of working in startups versus established firms

Strategic Entrepreneurship Journal, December 2023, vol. 17, n° 4, pp 830-856, (in coll. with Y. DING, S. Braguinsky)

System-, teacher-, and student-level interventions for improving participation in online learning at scale in high schools

Chapters in edited books

The Returns to Entrepreneurship

The Oxford Handbook Of Entrepreneurial Finance, D. Cummins (ed.), Oxford University Press, 45-108

Universities, Entrepreneurship and Regional Local Development

Handbook Of Research On Entrepreneurship And Regional Development, M. Fritsch (ed.), Edward Elgar Publishing, 252-333

"Universitetens roll för nyföretagande och regional utveckling", (The role of universities for new firm formation and regional development)

2010 “An Innovation Strategy For Sweden– Swedish Economic Forum Policy Summary”, P. Braunerhjelm, Swedish Entrepreneurship Forum, 47-61

Computer Aided Design

Computer Integrated Manufacturing, The Past, The Present And The Future, R. U. Ayres, W. Haywood, M. E. Merchant, J. Ranta, J. Warnecke (eds.), Chapman & Hall, 83-96

Proceedings

Two-Sided Platform Governance: Are Founders Manipulating the Crowd in Crowdfunding?

Munich Summer Institute 2022 , 2022 (J. PENALVA)

The Role of Overconfidence? An Experiment on Attitudes Toward Two Types of Ambiguity

2019 DRUID conference , 2019 , Copenhaguen , 4970 (A. SHYTI, C. PARASCHIV)

The impact of overconfidence on market entry

76th Annual Meeting of the Academy of Management , 2016 , Anaheim , Meeting Abstract Supplement , January (C. GUTIERREZ MORENO)

Working papers

Declining Business Dynamism among Our Best Opportunities: The Role of the Burden of Knowledge

Cahier de Recherche du Groupe HEC , 2020

On-line Appendix for 'Academic Entrepreneurship: Bayh-Dole versus the Professor's Privilege'

Cahier de Recherche du Groupe HEC , 2018

Gross, Net, and New Job Creation by Entrepreneurs

Cahier de Recherche du Groupe HEC , 2017

Herding in Equity Crowdfunding

Cahier de Recherche du Groupe HEC , 2017

Education

1994
Ph.D., Carnegie Mellon University - USA
1989
Licentiate of Technology, Chalmers University of Technology - Sweden
1986
Master of Science, Chalmers University of Technology - Sweden

Academic appointments

Academic Responsibilities at HEC

2016- Professor, Economics - Decision Science HEC Paris
2015-2016 Professor, Strategy and Business Policy HEC Paris
2008-2014 Associate Professor HEC Paris
2008- Member of GREGHEC, the joint research laboratory CNRS-HEC Paris HEC Paris

External Academic Responsibilities

2006-2008 Cross-appointed Associate Professor, Department of Health Policy, Management and Evaluation, University of Toronto University of Toronto, Department of Health Policy, Management and Evaluation
2003-2008 Associate Professor Rotman School of Management, University of Toronto
2001-2003 Associate Professor University of Waterloo
2001-2002 Visiting Professor Queensland University of Technology
2001-2001 Visiting Professor Jönköping International Business School
2000-2001 Tenured University of Waterloo
1995-2001 Assistant Professor University of Waterloo, Department of Management Sciences
1998-1998 Visiting Scientist International Institute for Applied Systems Analysis
1996-1996 Research Associate Center for Economic Studies, US Bureau of the Census
1995-1996 Affiliate Professor Graduate School of Industrial Administration, Carnegie Mellon University
1994-1995 Lecturer University of Waterloo, Department of Management Sciences
1994-1994 Lecturer Graduate School of Industrial Administration, Carnegie Mellon University

Scientific Activities

Membership in Academic or Professional Organisation

Member of the Executive Committe, SEI (Strategy, Entrepreneurship and Innovation)
Member of selection committee, Canadian Young Entrepreneur Award

Editorial activities

March 2016- Editor, Small Business Economics

2015- Associate Editor, Management Science

2014- Advisory Editor, Research Policy

January 2011-January 2013 Associate Editor, European Management Review

2001- Chief Academic Review Officer, TIM Division, Administrative Sciences Association of Canada

Advisory Editor, Industrial and Corporate Change

Conference organisation

2017-2017 Organizer, 6th HEC Entrepreneurship Workshop on Entrepreneurship and Development

2014-2014 Organizer, 5th HEC Workshop on Entrepreneurial Finance

2013-2013 Organizer 4th HEC Entrepreneurship Workshop on Crowdfunding

2012-2012 Organizer, 3rd HEC Entrepreneurship Workshop on Student Entrepreneurship

2011- Membre du Comité Organisation du Workshop 2011 de SEI (Strategy, Entrepreneurship and Innovation)

2010-2010 Organizer 2nd HEC Entrepreneurship workshop on Academic Entrepreneurship

2009-2009 Organizer 1st HEC Entrepreneurship workshop on Entrepreneurial Entry

Awards & honors

2016 Best Empirical Paper, AoM Entrepreneurship Division, AoM conference
2016 Chair of Excellence
2015 Finalist, Prix Academique de la Recherche en Management
2014 Management Science Distinguished Service Award
2003 Best Paper: Administrative Association of Canada, Technology and Innovation Management Division.
2001 National Award: 2nd place - Most Promising Technology, Awarded by the Innovations Foundation, University of Toronto
1999 Best Paper, Runner Up: Canadian Council on Small Business and Entrepreneurship Conference
1995 National Award: NSERC/SSHRC/CIBC Associate Chair in Management of Technological Change.
1991 1994 - National Scholarship: Jan Wallander and Tom Hedelius Foundation for Research in the Social Sciences
1991 National Scholarship: The Sweden-America Foundation.
1989 Scholarship: The Institute for Management of Innovation and Technology, Sweden, 10 year Jubilee Stipend.
1988 Scholarship: Arvid Lindmans Memorial Foundation
1988 National Scholarship: The Swedish Natural Science Research Council.