SZYDLOWSKI, Martin
Source: https://bm.hkust.edu.hk/faculty/szydlowski-martin Parent: https://bm.hkust.edu.hk/bizinsight/innovation-and-entrepreneurship
SZYDLOWSKI, Martin
Associate Professor
Department of Economics
Department of Finance
Recent Activities
LI, Xuelin
Aggressive Pivots and Entrepreneurial Skill
We study pivots as signaling devices in a dynamic experimentation model. An entrepreneur receives funding from an investor and has private information about a project, which requires costly experimentation to succeed. The entrepreneur has a real option to pivot, i.e., to abandon the project and to start a new one. Investors learn about the project from the ... Read More
[ Innovation and Entrepreneurship ]
Harnessing the Overconfidence of the Crowd: A Theory of SPACs
Special Purpose Acquisition Companies (SPACs) are blank check companies that raise funds through initial public offerings (IPOs) to merge with private firms. In 2021, the U.S. saw a surge in SPAC deals, with 613 IPOs raising over $161 billion. This rise in popularity contrasts with SPACs mixed performance, which has caught the attention of regulators. We ... Read More
[ BizTalks ]