JGBS Brown Bag Series Lecture by Prof. Sumit Kumar Jaiwal on, "In Education we trust: Exploring Investors' Assessment of New Ventures in Emerging Markets" This study examines how founding teams’ human capital shapes investors’ first-round funding decisions in emerging markets. Integrating human capital theory with a legitimacy perspective, we address inconsistent findings in prior work by distinguishing not only the type of education (engineering vs. management) but also its quality (premier vs. non-premier institutes). Using a large dataset of Indian new ventures and a complementary vignette experiment, the study finds that investors grant greater legitimacy and higher first funding to teams with degrees from premier engineering or management institutes, with the strongest effect for teams combining both. 

Date & Time: Thursday, 16th October 2025, 4:00 PM- 5:00 PM
Venue- Online

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