Carlos Javier SERRANO

Associate Professor

Economics and Decision Sciences

serrano@hec.fr https://sites.google.com/site/carlosjserranoweb/
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Biography

Carlos J. Serrano is an Associate Professor of Entrepreneurship and Economics at the Department of Economics and Decision Sciences at HEC Paris.

Professor Serrano's research and teaching interests are focused on innovation, entrepreneurship, strategy, and the financing of entrepreneurial activity. His research focuses on the market for patents, the venture capital industry, and the value and use of patents for technology startups. In addition to his doctorate degree in Economics from the University of Minnesota in 2006, he holds a MA in Economics from the University of Minnesota, a MSc in Economics from the University College London, and a BSc in Economics from Universitat Autònoma de Barcelona.

Serrano's research has been published in top tier journals including the Journal of Financial Economics, RAND Journal of Economics, Strategic Management Journal, the International Economic Review, and Science and has been presented at numerous universities and government agencies.

Prior to his appointment at HEC Paris, Serrano taught at Universitat Pompeu Fabra, University of Toronto, University of Minnesota, and was a Research Fellow at the Bank of Spain, a Visiting Scholar at Stanford University, and a Research Analyst at the Federal Reserve Bank of Minneapolis.

Scientific articles

Working papers

Scientific articles

Estimating the Gains from Trade in the Market for Patent Rights

International Economic Review, November 2018, vol. 59, n° 4, pp 1877-1904,

Patent collateral, investor commitment, and the market for venture lending

Journal of Financial Economics, October 2018, vol. 130, n° 1, pp 74-94, (in coll. with Y. V. Hochberg, R. H. Ziedonis)

Business Partners: Complementary Assets, Financing, and Invention Commercialization

Journal of Economics and Management Strategy, Summer 2015, vol. 24, n° 2, pp 228-252, (in coll. with T. ASTEBRO)

Intangible but bankable

Science, 2015, vol. 348, n° 6240, pp 1202, (in coll. with Y. V. Hochberg, R. Ziedonis)

Working papers

Education

  • Ph.D. in Economics, University of Minnesota - USA

Academic appointments

Academic Responsibilities at HEC

  • 2025- ION Management Lab Scientific Director HEC Paris
  • 2022- Associate Professor, Economics and Decision Science HEC Paris
  • 2022- Member of GREGHEC, the joint research laboratory CNRS-HEC Paris, GREGHEC HEC Paris