Public Policy

The Effects of Business Accelerators on Venture Performance: Evidence from Start-up Chile (joint with Michael Leatherbee)

"Conditionally accepted Review of Financial Studies"

Do business accelerators add value? If so, how? We investigate these questions by focusing on Start-Up Chile, a government-backed ecosystem accelerator. Using a regression discontinuity design, we show that entrepreneurship-schooling services of accelerators can significantly increase new venture performance by […]

How Sensitive is Entrepreneurial Investment to the Cost of Equity? Evidence from a UK Tax Relief (joint with Daniel Paravisini)

This paper estimates the sensitivity of entrepreneurial investment to the cost of equity. We use variation in access to two tax relief programs for individual equity investors in the UK as a source of exogenous variation in the cost of […]