Abstract

The first chapter of this dissertation quantifies to what extent business accelerators can reduce the venture market frictions for early-stage startups. With a novel non-transferable utility two-sided matching framework, this study shows that business accelerators can close the gaps due to entrepreneurs' gender and experience, but not so much for the differences due to locations. The second chapter studies the relative importance of screening compared to training in the total value creation by business accelerators from the perspectives of market participants. The estimates suggest that the value created by screening, which reflects through the improvement of financing in short-term after graduation, represents less than 1/6 of the total value created by business accelerators. Further, such ratios are especially low for top programs like Y Combinator and TechStars. The third chapter investigates the effects of auditor office location on the client and auditor surplus. Using a two-sided matching market model, we find that, while both clients and auditors bear the costs of geographic distance, auditors disproportionately bear costs. Although distance exerts costs on clients, clients incur distance costs to gain auditor expertise.

Committee Chair

Barton H. Hamilton

Committee Members

Stephen P. Ryan, Bernardo Silveira, Mariagiovanna Baccara, SangMok Lee,

Comments

Permanent URL: https://doi.org/10.7936/dpkf-1c87

Degree

Doctor of Philosophy (PhD)

Author's Department

Business Administration

Author's School

Graduate School of Arts and Sciences

Document Type

Dissertation

Date of Award

Spring 5-15-2019

Language

English (en)

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Business Commons

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