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Professor Ofer Eldar, PhD

Professor Ofer Eldar, PhD
Current Position

since 7/24

Research Fellow Department of Laws, Regulations and Factor Markets

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

since 7/23

Professor of Law

UC Berkeley School of Law

Research Interests
  • corporate finance
  • corporate governance

Ofer Eldar joined the institute as a Research Fellow in July 2024. His research focuses on corporate governance, entrepreneurial finance, and law and economics.

Ofer Eldar is a Professor at UC Berkeley School of Law, where he teaches business associations, corporate finance, venture capital, and social entrepreneurship. He also serves as a research member of the European Corporate Governance Institute.

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Professor Ofer Eldar, PhD
Professor Ofer Eldar, PhD
- Department Laws, Regulations and Factor Markets
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Publications

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Common Venture Capital Investors and Startup Growth

Ofer Eldar Jillian Grennan

in: Review of Financial Studies, No. 2, 2023

Abstract

<p>We exploit the staggered introduction of liability waivers when investors hold stakes in conflicting business opportunities as a shock to venture capital (VC) investment and director networks. After the law changes, we find increases in within-industry VC investment and common directors serving on startup boards. Despite the potential for rent extraction, same-industry startups inside VC portfolios benefit by raising more capital, failing less, and exiting more successfully. VC directors serving on other startup boards are the primary mechanism associated with positive outcomes, consistent with common VC investment facilitating informational exchanges in VC portfolios.</p>

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Topics

Corporate Finance Regulation
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