Thomas F. Hellmann

University of Oxford - Said Business School

Professor of Entrepreneurship and Innovation

Park End Street

Oxford, OX1 1HP

Great Britain

http://www.sbs.ox.ac.uk/community/people/thomas-hellmann

University of British Columbia (UBC) - Sauder School of Business

Associate Professor

2053 Main Mall

Vancouver, BC V6T 1Z2

Canada

http://strategy.sauder.ubc.ca/hellmann

University of Oxford - Said Business School

Park End Street

Oxford, OX1 1HP

Great Britain

SCHOLARLY PAPERS

40

DOWNLOADS
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Top 1,293

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17,569

CITATIONS
Rank 525

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Top 525

in Total Papers Citations

922

Scholarly Papers (40)

1.

IPOs, Acquisitions and the Use of Convertible Securities in Venture Capital

Sauder School of Business Working Paper
Number of pages: 34 Posted: 27 Jan 2001
Thomas F. Hellmann
University of Oxford - Said Business School
Downloads 2,419 (3,701)
Citation 64

Abstract:

Venture Capital, security design, convertible securities

The Interaction between Product Market and Financing Strategy: The Role of Venture Capital

Sauder School of Business Working Paper
Number of pages: 43 Posted: 16 Aug 1999
Thomas F. Hellmann and Manju Puri
University of Oxford - Said Business School and Duke University - Fuqua School of Business
Downloads 2,412 (3,736)
Citation 169

Abstract:

The Interaction Between Product Market and Financing Strategy: The Role of Venture Capital

Review of Financial Studies
Posted: 21 Mar 2000
Thomas F. Hellmann and Manju Puri
University of Oxford - Said Business School and Duke University - Fuqua School of Business

Abstract:

3.
Downloads 2,264 ( 4,256)
Citation 10

A Survey of Venture Capital Research

TILEC Discussion Paper No. 2011-044, CentER Discussion Paper Series No. 2011-111
Number of pages: 136 Posted: 13 Oct 2011
Marco Da Rin, Thomas F. Hellmann and Manju Puri
Tilburg University, Department of Finance, University of Oxford - Said Business School and Duke University - Fuqua School of Business
Downloads 2,190 (4,410)
Citation 10

Abstract:

Venture capital, private equity, alternative assets, IPOs, acquisitions, corporate venture capital, public policy, limited partners, institutional investors, syndication, innovation, venture capital returns

A Survey of Venture Capital Research

NBER Working Paper No. w17523
Number of pages: 136 Posted: 22 Oct 2011
Marco Da Rin, Thomas F. Hellmann and Manju Puri
Tilburg University, Department of Finance, University of Oxford - Said Business School and Duke University - Fuqua School of Business
Downloads 74 (261,327)
Citation 10

Abstract:

Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence

AFA 2001 New Orleans, Sauder School of Business Working Paper
Number of pages: 44 Posted: 01 Nov 2000
Thomas F. Hellmann and Manju Puri
University of Oxford - Said Business School and Duke University - Fuqua School of Business
Downloads 1,645 (7,292)
Citation 249

Abstract:

Venture Capital and the Professionalization of Start-Up Firms: Empirical Evidence

Journal of Finance, Vol. 57, pp. 169-197, 2002
Posted: 17 Nov 2003
Thomas F. Hellmann and Manju Puri
University of Oxford - Said Business School and Duke University - Fuqua School of Business

Abstract:

Venture Capital and the Professionalization of Start-Up Firms: Empirical Evidence

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Thomas F. Hellmann and Manju Puri
University of Oxford - Said Business School and Duke University - Fuqua School of Business

Abstract:

Startup process, Chief executive officers (CEOs), Founders, Startups, Human resource management, Intermediaries, Employee recruitment, Organizational practices, Venture capitalists, Silicon Valley

5.

Liberalization, Moral Hazard in Banking and Prudential Regulation: Are Capital Requirements Enough?

Stanford GSB Working Paper No. 1466, Sauder School of Business Working Paper
Number of pages: 25 Posted: 26 May 1998
Thomas F. Hellmann and Kevin C. Murdock
University of Oxford - Said Business School and McKinsey & Company and Stanford Graduate School of Business
Downloads 1,466 (8,275)
Citation 131

Abstract:

6.

What is the Role of Legal Systems in Financial Intermediation? Theory and Evidence

ECGI - Finance Working Paper No. 82/2005, IGIER Working Paper No. 283, Sauder School of Business Working Paper, TILEC Discussion Paper No. 2008-014, CentER Discussion Paper Series No. 2008-30
Number of pages: 66 Posted: 21 Feb 2005 Last Revised: 20 Oct 2008
Laura Bottazzi, Marco Da Rin and Thomas F. Hellmann
University of Bologna - Department of Economics, Tilburg University, Department of Finance and University of Oxford - Said Business School
Downloads 845 (20,129)
Citation 26

Abstract:

Financial intermediation, legal systems, investor behavior, corporate governance, optimal contracts

7.

The Genesis of Venture Capital - Lessons from the German Experience

CESifo Working Paper Series No. 883, Sauder School of Business Working Paper
Number of pages: 46 Posted: 15 Apr 2003
Ralf M. Becker and Thomas F. Hellmann
Deutsche Bank Securities, Inc. - Global Markets Research, Economy and University of Oxford - Said Business School
Downloads 784 (21,557)
Citation 22

Abstract:

The Importance of Trust for Investment: Evidence from Venture Capital

Forthcoming, Review of Financial Studies
Number of pages: 38 Posted: 03 Jul 2007 Last Revised: 06 Apr 2016
Laura Bottazzi, Marco Da Rin and Thomas F. Hellmann
University of Bologna - Department of Economics, Tilburg University, Department of Finance and University of Oxford - Said Business School
Downloads 739 (25,230)
Citation 20

Abstract:

Social Capital, Trust, Financial Contracts, Venture Capital, Corporate Governance

The Importance of Trust for Investment: Evidence from Venture Capital

NBER Working Paper No. w16923
Number of pages: 47 Posted: 11 Apr 2011
laura bottazzi, Laura Bottazzi, Marco Da Rin and Thomas F. Hellmann
affiliation not provided to SSRN, University of Bologna - Department of Economics, Tilburg University, Department of Finance and University of Oxford - Said Business School
Downloads 17 (461,535)
Citation 21

Abstract:

9.
Downloads 727 ( 26,240)
Citation 75

Building Relationships Early: Banks in Venture Capital

Sauder School of Business Working Paper, AFA 2004 San Diego Meetings
Number of pages: 45 Posted: 02 Jan 2004
Thomas F. Hellmann, Laura Anne Lindsey and Manju Puri
University of Oxford - Said Business School, Arizona State University (ASU) - Finance Department and Duke University - Fuqua School of Business
Downloads 685 (28,046)
Citation 75

Abstract:

Building Relationships Early: Banks in Venture Capital

NBER Working Paper No. w10535
Number of pages: 37 Posted: 17 Jun 2004
Thomas F. Hellmann, Laura Anne Lindsey and Manju Puri
University of Oxford - Said Business School, Arizona State University (ASU) - Finance Department and Duke University - Fuqua School of Business
Downloads 42 (346,133)
Citation 75

Abstract:

Building Relationships Early: Banks in Venture Capital

Review of Financial Studies, Vol. 21, Issue 2, pp. 513-541, 2008
Posted: 26 Jun 2008
Thomas F. Hellmann, Laura Anne Lindsey and Manju Puri
University of Oxford - Said Business School, Arizona State University (ASU) - Finance Department and Duke University - Fuqua School of Business

Abstract:

G21, G24, G32

10.

When do Employees Become Entrepreneurs?

Stanford GSB Research Paper No. 1770, Sauder School of Business Working Paper
Number of pages: 61 Posted: 11 Jun 2002
Thomas F. Hellmann
University of Oxford - Said Business School
Downloads 700 (26,932)
Citation 40

Abstract:

Active Financial Intermediation: Evidence on the Role of Organizational Specialization and Human Capital

ECGI - Finance Working Paper No. 49/2004
Number of pages: 41 Posted: 28 Jul 2004
Laura Bottazzi, Marco Da Rin and Thomas F. Hellmann
University of Bologna - Department of Economics, Tilburg University, Department of Finance and University of Oxford - Said Business School
Downloads 612 (32,770)
Citation 9

Abstract:

financial intermediation, organizational specialization, venture capital, human capital, organizational structure, monitoring, corporate governance, contracts

Active Financial Intermediation: Evidence on the Role of Organizational Specialization and Human Capital

CEPR Discussion Paper No. 4794
Number of pages: 39 Posted: 30 Mar 2005
Laura Bottazzi, Marco Da Rin and Thomas F. Hellmann
University of Bologna - Department of Economics, Tilburg University, Department of Finance and University of Oxford - Said Business School
Downloads 23 (427,441)
Citation 9
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Abstract:

Financial intermediation, specialization, human capital

12.

2013 State of Entrepreneurship Address: 'Financing Entrepreneurial Growth'

Ewing Marion Kauffman Foundation Research Paper
Number of pages: 16 Posted: 07 Feb 2013
Madrona Venture Group, Bogan Associates, LLC, Ewing Marion Kauffman Foundation, University of California, Berkeley - School of Law, Gruter Institute for Law and Behavioral Research, Vermont Law School, WR Hambrecht + Co, National Association of Securities Dealers, Inc., NASD, University of Oxford - Said Business School, Independent, Ewing Marion Kauffman Foundation, Harvard Business School - Finance Unit, Ewing Marion Kauffman Foundation, Ewing Marion Kauffman Foundation, Harvard University - Entrepreneurial Management Unit, University of San Diego School of Law, BATS Global Markets, Inc., AngelList, University of Florida - Department of Finance, Insurance and Real Estate, University of California, Berkeley - Coleman Fung Institute for Engineering Leadership, Fuqua School of Business, Duke University, Independent, SecondMarket, Babson College, Ewing Marion Kauffman Foundation and Astia
Downloads 612 (25,504)

Abstract:

state of entrepreneurship, entrepreneurship, state, national, policy, job creation, regulation, barriers, growth, finance, crowdfunding, bank debt, IPO, venture capital

13.
Downloads 290 ( 82,659)
Citation 18

Banks as Catalysts for Industrialization

William Davidson Institute Working Paper No. 443, Sauder School of Business Working Paper
Number of pages: 37 Posted: 27 Apr 2002
Thomas F. Hellmann and Marco Da Rin
University of Oxford - Said Business School and Tilburg University, Department of Finance
Downloads 290 (82,201)
Citation 18

Abstract:

Coordination Failures, Financial Institutions, Financial History, Banks

Banks as Catalysts for Industrialization

Journal of Financial Intermediation, Vol. 11, October 2002
Posted: 21 Nov 2002
Marco Da Rin and Thomas F. Hellmann
Tilburg University, Department of Finance and University of Oxford - Said Business School

Abstract:

Banks, Universal Banking, Financial History, Industrialization

14.

The Effects of Government‐Sponsored Venture Capital: International Evidence

Globalization of Alternative Investments Working Papers, Vol. 3: The Global Economic Impact of Private Equity Report 2010, World Economic Forum
Number of pages: 36 Posted: 29 Mar 2010
James A. Brander, Qianqian Du and Thomas F. Hellmann
University of British Columbia (UBC) - Sauder School of Business, Hong Kong Polytechnic University and University of Oxford - Said Business School
Downloads 229 (85,664)
Citation 2

Abstract:

Venture Capital, Government, International

15.

Incentives and Innovation: A Multi-Tasking Approach

Queen's School of Business Research Paper
Number of pages: 54 Posted: 16 Nov 2008 Last Revised: 02 Jul 2014
Thomas F. Hellmann and Veikko Thiele
University of Oxford - Said Business School and Queen's University - Queen's School of Business
Downloads 212 (110,615)
Citation 6

Abstract:

Innovation, multi-tasking, incentives

16.

Friends or Foes? The Interrelationship between Angel and Venture Capital Markets

Number of pages: 56 Posted: 10 Sep 2013 Last Revised: 20 Jun 2014
Thomas F. Hellmann and Veikko Thiele
University of Oxford - Said Business School and Queen's University - Queen's School of Business
Downloads 123 (131,863)

Abstract:

entrepreneurship, angel investors, venture capital, firm valuation, start-ups, hold-up, search

Partner Uncertainty and the Dynamic Boundary of the Firm

Saïd Business School WP 2015-4,
Number of pages: 33 Posted: 29 Aug 2012 Last Revised: 20 Feb 2017
Thomas F. Hellmann and Veikko Thiele
University of Oxford - Said Business School and Queen's University - Queen's School of Business
Downloads 87 (236,548)

Abstract:

Asset ownership, control rights, firm boundaries, asset specificity, specific investments, wealth constraints

A Theory of the Firm Based on Partner Displacement

NBER Working Paper No. w18495
Number of pages: 56 Posted: 27 Oct 2012
Thomas F. Hellmann and Veikko Thiele
University of Oxford - Said Business School and Queen's University - Queen's School of Business
Downloads 8 (512,432)
Citation 1

Abstract:

The Role of Patents for Bridging the Science to Market Gap

Sauder School of Business Working Paper
Number of pages: 41 Posted: 22 Aug 2006
Thomas F. Hellmann
University of Oxford - Said Business School
Downloads 73 (263,467)
Citation 14

Abstract:

patents, intellectual property, search, diffusion

The Role of Patents for Bridging the Science to Market Gap

NBER Working Paper No. w11460
Number of pages: 40 Posted: 07 Nov 2006
Thomas F. Hellmann
University of Oxford - Said Business School
Downloads 18 (455,822)
Citation 14

Abstract:

19.

Angels and Venture Capitalists: Substitutes or Complements?

Saïd Business School WP 2015-2,
Number of pages: 80 Posted: 05 May 2015 Last Revised: 10 Feb 2017
Thomas F. Hellmann, Paul Schure and Dan Vo
University of Oxford - Said Business School, University of Victoria - Economics and Sauder School of Business, University of British Columbia
Downloads 88 (83,980)

Abstract:

angels, venture capital, entrepreneurial finance

20.
Downloads 88 (232,983)
Citation 22

The Circulation of Ideas in Firms and Markets

FEEM Working Paper No. 47.2010
Number of pages: 65 Posted: 13 May 2010
Thomas F. Hellmann and Enrico C. Perotti
University of Oxford - Said Business School and University of Amsterdam - Finance Group
Downloads 65 (281,429)
Citation 22

Abstract:

Ideas, Innovation, Entrepreneurship, Firm Organization, Start-Ups

The Circulation of Ideas in Firms and Markets

NBER Working Paper No. w16943
Number of pages: 62 Posted: 11 Apr 2011
Thomas F. Hellmann and Enrico C. Perotti
University of Oxford - Said Business School and University of Amsterdam - Finance Group
Downloads 23 (427,441)
Citation 22

Abstract:

21.

Government Sponsored Versus Private Venture Capital: Canadian Evidence

NBER Working Paper No. w14029
Number of pages: 65 Posted: 26 May 2008
James A. Brander, Edward J Egan and Thomas F. Hellmann
University of British Columbia (UBC) - Sauder School of Business, National Bureau of Economic Research and University of Oxford - Said Business School
Downloads 85 (238,018)
Citation 6

Abstract:

22.

Contracting Among Founders

Number of pages: 54 Posted: 07 Dec 2011 Last Revised: 10 Oct 2013
Thomas F. Hellmann and Veikko Thiele
University of Oxford - Said Business School and Queen's University - Queen's School of Business
Downloads 69 (236,326)

Abstract:

Entrepreneurship, partnership, founders, contracting, vesting, skill uncertainty, contract law

23.

The First Deal: The Division of Founder Equity in New Ventures

NBER Working Paper No. w16922
Number of pages: 51 Posted: 11 Apr 2011
Thomas F. Hellmann and Noam Wasserman
University of Oxford - Said Business School and University of Southern California - Lloyd Greif Center for Entrepreneurial Studies
Downloads 56 (273,551)
Citation 2

Abstract:

Fostering Entrepreneurship: Promoting Founding or Funding?

Saïd Business School WP 2017-04,
Number of pages: 68 Posted: 07 Feb 2017
Thomas F. Hellmann and Veikko Thiele
University of Oxford - Said Business School and Queen's University - Queen's School of Business
Downloads 36 (371,466)

Abstract:

Entrepreneurship, angel investors, start-ups, government policies, ecosystem, overlapping generations, steady state

Fostering Entrepreneurship: Promoting Founding or Funding?

Number of pages: 33 Posted: 01 Feb 2017
Thomas F. Hellmann and Veikko Thiele
University of Oxford - Said Business School and Queen's University - Queen's School of Business
Downloads 10 (501,576)

Abstract:

Entrepreneurship, angel investors, start-ups, government policies, ecosystem, overlapping generations, steady state

25.

The Circulation of Ideas: Firms Versus Markets

CEPR Discussion Paper No. 5469
Number of pages: 41 Posted: 03 May 2006
Enrico C. Perotti and Thomas F. Hellmann
University of Amsterdam - Finance Group and University of Oxford - Said Business School
Downloads 30 (382,249)
Citation 22
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Abstract:

Ideas, firms, innovation

26.

The Effects of Government-Sponsored Venture Capital: International Evidence

NBER Working Paper No. w16521
Number of pages: 32 Posted: 14 Nov 2010
James A. Brander, Qianqian Du and Thomas F. Hellmann
University of British Columbia (UBC) - Sauder School of Business, Hong Kong Polytechnic University and University of Oxford - Said Business School
Downloads 29 (330,342)
Citation 2

Abstract:

27.

Entrepreneurs and the Process of Obtaining Resources

Journal of Economics & Management Strategy, Vol. 16, No. 1, pp. 81-109, Spring 2007
Number of pages: 29 Posted: 18 Jan 2007
Thomas F. Hellmann
University of Oxford - Said Business School
Downloads 16 (450,068)
Citation 10
  • Add to Cart

Abstract:

28.

Friends or Foes: The Interrelationship between Angel and Venture Capital Markets

NBER Working Paper No. w20147
Number of pages: 56 Posted: 26 May 2014
Thomas F. Hellmann and Veikko Thiele
University of Oxford - Said Business School and Queen's University - Queen's School of Business
Downloads 6 (499,790)
  • Add to Cart

Abstract:

29.

From Start-Up to Scale-Up: Examining Public Policies for the Financing of High-Growth Ventures

Saïd Business School WP 2017-05,
Number of pages: 37 Posted: 08 Feb 2017 Last Revised: 21 Feb 2017
Gilles Duruflé, Thomas F. Hellmann and Karen E. Wilson
Quebec City Conference, University of Oxford - Said Business School and Bruegel
Downloads 0 (307,535)

Abstract:

30.

Angels in British Columbia

Harvard Business School BGIE Unit Case No. 811-100
Posted: 13 Mar 2012
Josh Lerner, Thomas F. Hellmann and Ilkin Ilyaszade
Harvard Business School - Finance Unit, University of Oxford - Said Business School and University of British Columbia (UBC)

Abstract:

31.

The Genesis of Venture Capital: Lessons from the German Experience

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 04 Nov 2009
Ralph Becker and Thomas F. Hellmann
affiliation not provided to SSRN and University of Oxford - Said Business School

Abstract:

Venture capital funds, Deutsche Wagnisfinanzierungsgersellschaft (WFG), Public policies, Stock markets, Venture capital, Banks, Failure analysis, Firm governance, Organizational structures, Program evaluation

32.

Apple Computer - Strategic Investment Group

Posted: 12 Sep 2000
Thomas F. Hellmann
University of Oxford - Said Business School

Abstract:

33.

Deposit Mobilization through Financial Restraint

Graduate School of Business Research Paper No. 1354, Sauder School of Business Working Paper
Posted: 09 Jul 1998
Thomas F. Hellmann and Kevin C. Murdock
University of Oxford - Said Business School and McKinsey & Company and Stanford Graduate School of Business

Abstract:

34.

WI Harper International: Bridge between Silicon Valley and Asia

Posted: 30 Jun 1998
Thomas F. Hellmann
University of Oxford - Said Business School

Abstract:

35.

Financial Sector Development Policy: The Importance of Reputational Capital and Governance

Sauder School of Business Working Paper
Posted: 16 Jun 1998
Thomas F. Hellmann and Kevin C. Murdock
University of Oxford - Said Business School and McKinsey & Company and Stanford Graduate School of Business

Abstract:

36.

Symantec Corporation: Acquiring Entrepreneurial Companies

Posted: 23 Apr 1998
Thomas F. Hellmann
University of Oxford - Said Business School

Abstract:

37.

A Unifying Theory of Credit and Equity Rationing in Markets with Adverse Selection

Stanford GSB Research Paper No. 1356, Sauder School of Business Working Paper
Posted: 19 Apr 1998
Thomas F. Hellmann
University of Oxford - Said Business School

Abstract:

38.

A Theory of Corporate Venture Investing

Stanford University GSB Working Paper 1452, Sauder School of Business Working Paper
Posted: 04 Feb 1998
Thomas F. Hellmann
University of Oxford - Said Business School

Abstract:

39.

Banks as a Catalyst for Industrialization

Graduate School of Business Working Paper No. 1398, Sauder School of Business Working Paper
Posted: 08 Oct 1996
Marco Da Rin and Thomas F. Hellmann
Tilburg University, Department of Finance and University of Oxford - Said Business School

Abstract:

The Allocation of Control Rights in Venture Capital Contracts

Stanford GSB Research Paper No. 1362, Sauder School of Business Working Paper
Posted: 04 Mar 1996
Thomas F. Hellmann
University of Oxford - Said Business School

Abstract:

The Allocation of Control Rights in Venture Capital Contracts

RAND Journal of Economics, Vol. 29 No. 1
Posted: 29 Jan 1998
Thomas F. Hellmann
University of Oxford - Said Business School

Abstract: