PhD Defense C.G.A. Hébert
Essays on Corporate Ownership and Human Capital
This thesis consists of three chapters and studies the firm's organizational structure at a different stage of its life cycle: early-stage, growth, business group. The first chapter investigates the underlying reasons for the gender funding gap in the venture capital industry. It highlights a significant role for investors' stereotypes that ultimately impedes minority-founded startups' growth. The second chapter identifies conditions under which firms choose to grow by buying an incumbent company as opposed to building on their pre-existing human capital resources. The third chapter focuses on large business groups. It provides evidence that investors are not always aware of the boundaries of the firm and miss predictive information released at another level of the group.
Camille Hebert (France, 1991) received her B.A. in Economics and Business Administration in 2012, and her M.Sc. in Finance in 2014, both from Université Paris-Dauphine, with honors. She started her studies at Tilburg University in 2014 as part of an Erasmus exchange during her second year of Master’s degree and pursues on a Ph.D. in the finance department at Tilburg University, joint with Université Paris-Dauphine. She visited the finance department at Duke University during the winter and spring 2017. Camille joined the University of Toronto, Rotman School of Management as an Assistant Professor of Finance in July 2019.
- Location: Cobbenhagen building, Portraits room (access via Koopmans building)
- Supervisors: Prof. L.D.R. Renneboog, Prof. E. Ginglinger