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Nom
LE PENDEVEN
Prénom
Benjamin
Nom
LE PENDEVEN
Prénom
Benjamin
-
TitreAssociate Professor
- Expert-referent for the « Defence and economic security” committee
- Chair Holder - Finance for Innovation
photo_cv
Department
Département
Entrepreneurship, Strategy & Innovation
Research areas
Domaine de recherche
Innovation and Entrepreneurship
Entrepreneurial FInance
Social FInance / Impact Investing
Venture Capital
Skills
Finance
Entrepreneurship
Innovation
Biography
Biographie
Benjamin Le Pendeven is a professor of entrepreneurial finance at Audencia Business School. He is co-director of the "Finance for Innovation" chair and carries out numerous research projects with public institutions, private investors and businesses.
Section CV
Formation
Doctorate, Business administration, Entrepreneurship
Conservatoire National des Arts et Métiers (CNAM), Paris
(2018)
Master of Science in Innovation and Technological Management
Université de Paris IX - Dauphine, Paris
(2013)
Master of Science in Finance
IAE Gustave Eiffel, Université Paris XII, Paris
(2012)
Bachelor in Entrepreneurship
Advancia Business School, Paris
(2011)
Experience
Visiting researcher
ESADE Business School
2023 - 2023
Visiting researcher
University of Ghent
2023 - 2023
Visiting researcher
Politecnico di Milano
2022 - 2022
Consulting for ADEME - Call for Projects about Social Impact Bonds l'Appel à Manifestation d'Intérêt sur les Contrats à Impact (Social Impact Bonds)
ADEME, France
2019 - 2020
Chair Holder - Finance for Innovation
Audencia Business School, Nantes, France
Since 2018
Researcher
Université de Paris IX - Dauphine, Paris, France
2013 - 2013
Co-founder, Managing Director, and CFO
Softcorner, Paris, France
2013 - 2014
Project Manager
LinkMe Up, Paris, France
2013 - 2013
Investment Manager
Citizen Capital, Paris, France
2011 - 2012
Innovation Manager
Webhelp call-centers, Paris, France
2010 - 2011
Project Manager
CroissancePlus, Paris, France
2008 - 2010
Other experiences
Expert-referent for the « Defence and economic security” committee
IHEDN (Institut des Hautes Etudes de la Défense Nationale) Since 2023Visiting out
2018 - 2018
EM Lyon, : Courses to engineers
2017 - 2017
Mines Paris Tech, France : Course "Innovation financing"
2017 - 2017
Conservatoire National des Arts et Métiers (CNAM), : Course "Innovation financing"
2018 - 2018
Conservatoire National des Arts et Métiers (CNAM), : Course "Innovation financing"
2018 - 2018
Université de Paris IX - Dauphine, France : Course "Innovation financing"
2019 - 2019
IEP Paris, France : Supervision - group of students in the Executive Master of Public Affairs at Science Po Paris
2019 - 2019
EM Lyon, : Course "Entrepreneurial finance" for engineers
2019 - 2019
Mines Paris Tech, France : Cours externe - Financement de l'innovation
2019 - 2019
Conservatoire National des Arts et Métiers (CNAM), : Cours externe - Financement de l'innovation
2020 - 2020
EM Lyon, : Cours externe Entrepreneurial finance
2020 - 2020
IEP Paris, France : Supervision - group of students in the Executive Master of Public Affairs at Science Po Paris for the European Investment Bank for a project « Mapping the Impact Investors in Europe »
2020 - 2020
Mines Paris Tech, France : Course "Innovation financing"
2020 - 2020
Conservatoire National des Arts et Métiers (CNAM), : Cours Externe "Financement de l'innovation"
2021 - 2021
EM Lyon, : Cours externe Entrepreneurial finance
Publications
Forthcoming
BUFFA, V., TIRA, M., LE PENDEVEN, B. New Development: From Social Impact Bonds to Impact Bonds: an outcomes-based framework. Public Money and Management
Published
LE PENDEVEN, B., SCHWIENBACHER, A. (2023). Equity Crowdfunding: The Influence of Perceived Innovativeness on Campaign Success. British Journal of Management, 34 (1), 280-298.
BERRE, M., LE PENDEVEN, B. (2023). What do we know about startup-valuation drivers? A systematic literature review. Venture Capital: An International Journal of Entrepreneurial Finance, 25 (4), 385-429.
LE PENDEVEN, B., BARDON, T., MANIGART, S. (2022). Explaining academic interest in crowdfunding as a research topic. British Journal of Management, 33 (Special Issue in Honor of Mike Wright) (1), 9-25.
ANDRIEU, G., LE PENDEVEN, B., LEBOEUF, G. (2021). Equity Crowdfunding Success for Female Entrepreneurs: French Evidence. Economics Bulletin, 14 (2), 417-431.
GAREL, A., LE PENDEVEN, B. (2021). Calendar effects and crowdfunded projects. Economics Bulletin, 41 (3), 1407-1417.
FENDT, Jacqueline, MILOSEVIC, Miona, LE PENDEVEN, B. (2020). Follow-on financing through syndication in the VC industry – a signaling perspective of VC human capital and fund characteristics. Venture Capital: An International Journal of Entrepreneurial Finance, 22 (1), 35-69.
LE PENDEVEN, B. (2019). Social Impact Bonds: A New Public Management Perspective. Finance Contrôle Stratégie, Special Issue n°5.
LE PENDEVEN, B. (2019). Financements innovants de l’innovation. Finance Contrôle Stratégie, Special Issue n°5.
LE PENDEVEN, B., MARIAGE, G. (2015). Non-banking : une alternative au financement bancaire pour les entrepreneurs. Entreprendre et Innover, 2 (25), 8-20.
LE PENDEVEN, B., FOURNY, T. (2013). Au-delà de la diversité, l’atypisme - enquête sur les managers atypiques. Humanisme et Entreprise, 5 (315), 77-107.
LE PENDEVEN, B. (2013). Capital-investissement et entrepreneurs de la diversité : retour sur le cas Citizen Capital. Entreprendre et Innover, 1 (20), 39-49.
LE PENDEVEN, B. (2013). Capital-investissement et entreprises de service : questionnements et déterminants des levées de fonds. Revue du Financier, 35 (202), 41-60.
LE PENDEVEN, B. (2013). Le capital-investissement à vocation sociale existe-il en France ?. Entreprendre et Innover, 1 (17), 44-56.
LE PENDEVEN, B., GOUIFFÈS, C. (2024) Public Policy and Impact Investing in Europe. Palgrave
TIRA, M., LE PENDEVEN, B., LOUCHE, C. (2023) Environmental Impact Bonds: an innovative public-private approach to tackle climate challenges World Scientific Publishing, , 436
BUFFA, V., LE PENDEVEN, B. (2022) Social Impact Bonds : an Innovative Financial Mechanism for Sustainable Goals. World Scientific
MOREL, C., LE PENDEVEN, B., LEBOEUF, G. (2024). Are reward-based crowdfunding platforms fostering cultural democracy? Conférence de l'Association Internationale du Marketing des Arts et de la Culture AIMAC.
BUFFA, V., PERIAC, E., LE PENDEVEN, B. (2023). From spontaneous to metaorganized hybrid governance.. OBC Workshop.
GONZALEZ, J., LE PENDEVEN, B., CASANOVAS, G., LOUCHE, C. (2023). Building transnational nascent markets through policy support: The case of the European Investment Fund and impact investing. Oxford Sustainable Private Markets Conference 2023.
CHAMPENOIS, C., DEVIGNE, M., LE PENDEVEN, B., PUYOU, F.-R. (2023). How to build cooperation amidst conflict? A dynamic study of Entrepreneurs-Venture Capitalists relations. RENT Conference, Gdansk.
LE PENDEVEN, B., MOREL, C., LEBOEUF, G. (2022). Does the digitalization of entrepreneurial finance democratize entrepreneurship?. AFFI Conference.
BUFFA, V., PERIAC, E., LE PENDEVEN, B. (2022). From Spontaneous Hybrid Governance to Meta-Organized Hybrid Governance: The Case of Social Impact Bonds in France. IRSPM Conference.
BUFFA, V., PERIAC, E., LE PENDEVEN, B. (2022). Towards a Metagovernance of hybrid governance? Studying the Metagovernance of an hybrid arrangement over time: the case of Social Impact Bonds. 38th EGOS Conference.
ZHOU, J., GIRARD-GUERRAUD, C., LE PENDEVEN, B. (2022). The role of venture capitalists in deeptech startups. ENTFIN Conference, Bath.
BERRE, M., LE PENDEVEN, B. (2022). Valuation, business cycles and cash: Startups in the macroeconomic environment. ENTFIN Conference, Bath.
ZHOU, J., LE PENDEVEN, B., GIRARD-GUERRAUD, C. (2022). The Role of Venture Capitalists in Deep-Tech Startups. FINENT Conference.
CHAMPENOIS, C., DEVIGNE, M., PUYOU, F. -R., LE PENDEVEN, B. (2021). Making conflicts cooperative in VC-entrepreneur relationships: voicing out and escalating dissent. 5th ENTFIN Conference.
BERRE, M., LE PENDEVEN, B. (2021). Investor-firm Relationships in the Macro environment Valuation, Cyclical Growth, and Institutional Factors. 5th ENTFIN Conference.
LE PENDEVEN, B., MOREL, C., LEBOEUF, G. (2021). Does the digitalization of entrepreneurial finance democratize entrepreneurship?. 5th ENTFIN Conference.
BUFFA, V., PERIAC, E., LE PENDEVEN, B. (2021). Hybrid governance arrangement for hybrid financing: multiparadigm combination in the public sector for the financing of social innovation. IRSPM Conference.
BERRE, M., LE PENDEVEN, B. (2020). A systematic review of the literature on start-up valuation drivers. EURAM Conference.
BUFFA, V., LE PENDEVEN, B. (2020). What do we know about the Social Impact Bonds: A Systematic literature Review. EURAM Conference.
LE PENDEVEN, B., BARDON, T., MANIGART, S. (2020). Explaining the craze for crowdfunding as an academic research topic. British Journal of Management Colloquium – Special Issue PDW in honor of Mike Wright.
LE PENDEVEN, B., BERRE, M., WIRTZ, P. (2019). A targeted review of literature on start-up valuation driving factors. EU-SPRI Early Career Researcher Conference.
LE PENDEVEN, B., BARDON, T., MANIGART, S. (2019). Academic Fashion and Crowdfunding: How to Explain the Craze for Crowdfunding as a Research Topic. 4th ENTFIN Conference.
LE PENDEVEN, B., & SCHWIENBACHER, A. (2018). Equity Crowdfunding & Innovation., Workshop A Multidisciplinary Perspective into Entrepreneurship: Research at the Cross Borders of Finance, Psychology and Entrepreneurship.
LE PENDEVEN, B. (2018). From Corporate Venture Capital to Multi Corporate Venture Capital: An Exploratory Study., 3rd ENTFIN Conference.
LE PENDEVEN, B., & SCHWIENBACHER, A. (2018). Equity Crowdfunding & Innovation., 2nd Emerging Trends in Entrepreneurial Finance Conference.
LE PENDEVEN, B., & SCHWIENBACHER, A. (2018). Equity Crowdfunding & Innovation., 3rd Abbé Grégoire Innovation Days.
LE PENDEVEN, B., & SCHWIENBACHER, A. (2018). Equity Crowdfunding & Innovation., Workshop A Multidisciplinary Perspective into Entrepreneurship: Research at the Cross Borders of Finance, Psychology and Entrepreneurship.
LE PENDEVEN, B. (2018). Social Impact Bonds: A New Public Management Perspective., CR3+ Conference, Audencia Business School, Nantes, France.
LE PENDEVEN, B. (2017). From Corporate Venture Capital to Multi Corporate Venture Capital., GT « Innovation » de l’AIMS.
LE PENDEVEN, B., GIRARD-GUERRAUD, C. (2022). Financement des spin-offs et des start-ups deeptechs : une meilleure compréhension du phénomène au service du développement de ces entreprises, Rapport Audencia/Région Pays-de-la-Loire, Nantes.
LE PENDEVEN, B., MAGNIER, C. (2017). Les sorties du capital-innovation en France.
LE PENDEVEN, B., NICO, Y., GACHET, B. (2015). Social Impact Bonds, un nouvel outil pour le financement de l’innovation sociale, Etude Institut de l'Entreprise.
LE PENDEVEN, B., ABDESSLAM, M. (2015). Les nouveaux modes de financement des PME, study for Fondation pour l’Innovation Politique.
SÖDERBLOM, A., LE PENDEVEN, B., VERBOUW, J. (2013). Practices of European Venture Capitalists.
Press articles
LE PENDEVEN, B., LEANDRI, N. (2021). Et la France inventa les contrats à impact écologique…. Le Courrier Financier, https://www.lecourrierfinancier.fr/responsabilite-sociale/opinion/exclusif-et-la-france-inventa-les-contrats-a-impact-ecologique-66763.
BUFFA, V., LE PENDEVEN, B. (2021). Projet pilote et passage à l’échelle dans le cas de Development Impact Bonds en Inde et rôle d’un payeur final philanthropique. Fonds B. Papers, https://www.fondsb.org/fr/publications/7-article-5-projet-pilote-et-passage-a-lechelle-dans-le-cas-de-development-impact-bonds-en-inde-et-role-dun-payeur-final-philanthropique.
LE PENDEVEN, B. (2020). Crise : vers un paysage contrasté des valorisations de start-up. Les Echos, https://business.lesechos.fr/entrepreneurs/financer-sa-creation/0603437986489-crise-vers-un-paysage-contraste-des-valorisations-de-start-up-338668.php.
LE PENDEVEN, B. (2020). Why COVID-19 is not all bad news for start-up valuations. Growth Business, https://www.growthbusiness.co.uk/why-covid-19-is-not-all-bad-news-for-start-up-valuations-2557683/.
Professional conferences
LE PENDEVEN, B. (2023). La progression du capital-investissement en France.
LE PENDEVEN, B. (2021). Conférence Early Metrics/CDC: Facteurs macroéconomiques et valorisation des start-ups.
LE PENDEVEN, B. (2020). Contrats à impact social #3 – La relance des contrats à impact en France : contexte, objectifs et cas.
LE PENDEVEN, B. (2019). Contrats à impact social #2 – DIB et SIB étrangers, quelles conclusions pour la France ?.
LE PENDEVEN, B. (2019). Labo Fintech & Financement - La Fintech au service des entreprises de l’Ouest.
Press articles
BUFFA, V., LE PENDEVEN, B. (2019). Entre espoir et prudence : revue de littérature sur les contrats à impact social. Fonds B. Papers, https://www.fondsb.org/fr/publications/3-article-1-entre-espoir-et-prudence-revue-de-litterature-sur-les-contrats-a-impact-social.
BUFFA, V., LE PENDEVEN, B. (2019). Le rôle des capitaux privés dans les mécanismes de paiement au résultat. Fonds B. Papers, https://www.fondsb.org/fr/publications/4-article-2-le-role-des-capitaux-prives-dans-les-mecanismes-de-paiement-au-resultat.
BUFFA, V., LE PENDEVEN, B. (2019). Contrats à Impact Social : succès ou feu de paille ?. Fonds B. Papers, https://www.fondsb.org/fr/publications/5-article-3-contrats-a-impact-social-succes-ou-feu-de-paille-a.
BUFFA, V., LE PENDEVEN, B. (2019). Development Impact Bonds - L’application du paiement au résultat dans le domaine du développement et de l’aide humanitaire. Fonds B. Papers, https://www.fondsb.org/fr/publications/6-article-4-development-impact-bonds-lapplication-du-paiement-au-resultat-dans-le-domaine-du-developpement-et-de-laide-humanitaire.
Professional conferences
LE PENDEVEN, B. (2019). Contrats à impact social #1 – Retour d’expérience & perspectives.
LE PENDEVEN, B. (2017). Innovative financing tools for SMEs and innovations.
LE PENDEVEN, B. (2017). Pratiques en matière de liquidité et du financement de la croissance des jeunes entreprises à fort potentiel de croissance.
LE PENDEVEN, B. (2017). Social Impact Bonds Les contrats à impact social : enjeux, implications, et perspectives de développement en France.
Scientific activities
Reviewer for an academic journal
Small Business Economics,
2022
Journal of Small Business Management,
2022
Venture Capital: An International Journal of Entrepreneurial Finance,
2021
Entrepreneurship & Regional Development,
2021
Entrepreneurship Theory and Practice,
2021
Qualitative Research in Financial Markets,
2020
Management International,
2020
Journal of Financial Management, Markets and Institutions,
2020
Finance Research Letters,
2019
Journal of Business Ethics,
2019
Finance Contrôle Stratégie,
2018
Revue Internationale PME,
2018
Revue Française de Gestion,
2018
Revue de l'Entrepreneuriat,
2016
Entreprendre & Innover,
2016
International Journal of Entrepreneurship and Small Business,
2016
Guest Editor of an academic journal
Venture Capital,
2022
Finance Contrôle Stratégie,
2019
La Revue de l’Entrepreneuriat
Entreprendre & Innover
Associate Editor of an academic journal
Venture Capital: An International Journal of Entrepreneurial Finance,
2021
Member of the board of directors of an academic association
Académie de l’Entrepreneuriat et de l’Innovation,
2016
Member of the scientific board of an academic association
Membre du Comité Scientifique de la conférence du GT Innovation de l'AIMS
Paris Innovative Finance and FinTech Workshop
Awards and honors
Research Grant - Région pays-de-la-Loire for investing the question of the deeptech startups funding, 2021
Finalist - Best PhD thesis Award - Académie de l'Entrepreneuriat et de l'innovation 2018, 2019
Best Paper Award 3rd Entrepreneurial Finance Conference, Milano, Italy, 2018
Doctoral supervision
Since 2018, Maxens Berre : Valuation of start-up companies, Audencia Business School, France
Since 2018, Vincenzo Buffa : The innovation process in the public sector From the experimentation to the diffusion of Impact Bonds, , France
Since 2021, M. TIRA : Environmental Impact Bonds, ,
Since 2021, J. GONZALEZ : Impact Investing: 3 Essays, ,
Since 2018, R. BIANCHINI : Climate Change and Financial Markets, , Italy
Since 2018, P. KAZARIAN : Three essays on innovation financing, and corporate governance, Neoma Business School,