HBSDOC 4350
Doctoral class, see note above.
Josh Lerner, Shai Bernstein
TEPEI explores scholarly work from economics and finance disciplines regarding entrepreneurship—the formation and growth of new firms—and its implications for innovation and growth. While work on this topic dates back to Schumpeter and even earlier, academic research regarding entrepreneurship has exploded over the last decade. The nine-week “core” component will the connections between economic theory—particularly in contract theory, organizational economics, and corporate finance--and empirical work. Among the topics that will be covered are the rationale for entrepreneurial firms, the structure of arrangements between entrepreneurs and investors, the relationship with larger entities, entrepreneurial strategy, the development of new ideas and its relationship to organizational form, and the decision to go public. We will also seek to understand key data sets for research . At the same time, these are dynamic fields, with new topics attracting academic (and real world) interest. Reflecting this dynamism, the nine core weeks will be followed by four weeks of special topics that will vary from year-to-year. Jointly offered with FAS as Econ 2726.