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Thomas ASTEBRO

Professor

Economics and Decision Sciences

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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.

Scientific articles

Gross, net, and new job creation by entrepreneurs

Journal of Business Venturing Insights, November 2017, vol. 8, pp 64-70, (in coll. with J. TAG)

The private financial gains to entrepreneurship: Is it a good use of public money to encourage individuals to become entrepreneurs?

Small Business Economics, February 2017, vol. 48, n° 2, pp 323-329,

Public policy to promote entrepreneurship: a call to arms

Small Business Economics, June 2016, vol. 47, n° 1, pp 35-51, (in coll. with T. ACS, D. AUDRETSCH, D. ROBINSON)

Hierarchies and entrepreneurship

European Economic Review, October 2016, vol. 89, pp 129–147, (in coll. with J. TAG, P. THOMPSON)

Decision biases and entrepreneurial finance

Small Business Economics, february, 3 2016, vol. 47, n° 4, pp 819–834, (in coll. with Gordon ADOMDZA, Kevyn YONG)

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

Entrepreneurship: Theory and Practice, March 2016, vol. 40, n° 2, pp 381-400, (in coll. with K. YONG)

Equity crowdfunding: A new phenomena

Journal of Business Venturing Insights, June 2016, vol. 5, pp 37–49, (in coll. with N. VULKAN, M. FERNANDEZ SIERRA)

Detecting heterogeneous risk attitudes with mixed gambles

Theory and Decision, february, 3 2015, vol. 79, n° 4, pp 573-600, (in coll. with L. SANTOS-PINTO, A. BRUHIN, J. MATA)

Skewness seeking: risk loving, optimism or overweighting of small probabilities?

Theory and Decision, February 2015, vol. 78, n° 2, pp 189-208, (in coll. with J. MATA, L. SANTOS-PINTO)

Business Partners: Complementary Assets, Financing, and Invention Commercialization

Journal of Economics and Management Strategy, Summer 2015, vol. 24, n° 2, pp 228-252, (in coll. with C. J. SERRANO)

Chapters in edited books

Proceedings

Working papers

Detecting Heterogeneous Risk Attitudes with Mixed Gambles

Cahier de Recherche du Groupe HEC , 2014

Business Partners, Financing and the Commercialization of Inventions

Mimeo , 2025

Cognitive Biases May Not be All That Bad: Their Socio-Psychological Influences on Investments and Venture Performance

Mimeo , 2025

Creative Invention and Commercialization

Mimeo , 2025

Entry into Entrepreneurship: Risk Loving, Optimism, or Overweighting of Small Probabilities?

Mimeo , 2025

Risk Taking in Mixed Gambles

Mimeo , 2025

The Entrepreneurial Earnings Puzzle: Mismeasurement or Real?

Mimeo , 2025

Scientific articles

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

Practical Applications, September 2022, pp 513,

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)

An Inside Peek at AI Use in Private Equity

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

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)

Chapters in edited books

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

Working papers

Education

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

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.