Associate Professor
Chair Holder - Finance for Innovation
Innovation and Entrepreneurship
Entrepreneurial FInance
Social FInance / Impact Investing
Venture Capital
Doctorate, Business administration, Entrepreneurship
Conservatoire National des Arts et Métiers (CNAM), France (2018)
Master of Science in Innovation and Technological Management
Université de Paris IX - Dauphine, France (2013)
Master of Science in Finance
IAE Gustave Eiffel, Université Paris XII, France (2012)
Bachelor in Entrepreneurship
Advancia Business School, France (2011)
Academic Experience
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, France,
Since 2018
Researcher
Université de Paris IX - Dauphine, France,
2013
Other professional experience
Co-founder, Managing Director, and CFO
Softcorner,France,
2013 - 2014
Project Manager
LinkMe Up,France,
2013
Investment Manager
Citizen Capital,France,
2011 - 2012
Innovation Manager
Webhelp call-centers,France,
2010 - 2011
Project Manager
CroissancePlus,France,
2008 - 2010
Teaching
Cours externe Entrepreneurial finance
EM Lyon, France, 2021
Cours Externe "Financement de l'innovation"
Conservatoire National des Arts et Métiers (CNAM), France, 2020
Course "Innovation financing"
Mines Paris Tech, France, 2020
Cours externe Entrepreneurial finance
EM Lyon, France, 2020
Cours externe - Financement de l'innovation
Conservatoire National des Arts et Métiers (CNAM), France, 2019
Cours externe - Financement de l'innovation
Mines Paris Tech, France, 2019
Course "Entrepreneurial finance" for engineers
EM Lyon, France, 2019
Course "Innovation financing"
Conservatoire National des Arts et Métiers (CNAM), France, 2018
Course "Innovation financing"
Université de Paris IX - Dauphine, France, 2018
Courses to engineers
EM Lyon, France, 2018
Course "Innovation financing"
Mines Paris Tech, France, 2017
Teaching and research
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 »
IEP Paris, France, 2020
Supervision - group of students in the Executive Master of Public Affairs at Science Po Paris
IEP Paris, France, 2019
Course "Innovation financing"
Conservatoire National des Arts et Métiers (CNAM), France, 2017
Forthcoming
BERRE, M., LE PENDEVEN, B. (2022) . What do we know about startup-valuation drivers? A systematic literature review, Venture Capital: An International Journal of Entrepreneurial Finance
2023
LE PENDEVEN, B., SCHWIENBACHER, A. (2023) . Equity Crowdfunding: The Influence of Perceived Innovativeness on Campaign Success, British Journal of Management, 34 (1), 280-298
2022
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
2021
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
2020
FENDT, J., MILOSEVIC, M., 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
2019
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
2015
LE PENDEVEN, B., MARIAGE, G. (2015) . Non-banking : une alternative au financement bancaire pour les entrepreneurs, Entreprendre et Innover, 2 (25), 8-20
2013
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
TIRA, M., LE PENDEVEN, B., LOUCHE, C. (2022). Environmental Impact Bonds: an innovative public-private approach to tackle climate challenges. Handbook of Environmental and Green Finance: Towards a Sustainable Future. World Scientific Publishing.
BUFFA, V., LE PENDEVEN, B. Social Impact Bonds : an Innovative Financial Mechanism for Sustainable Goals. In Recent Trends in Financial Engineering Towards More Sustainable Social Impact (Ed.). World Scientific.
ZHOU, J., LE PENDEVEN, B., GIRARD-GUERRAUD, C. (2022). The Role of Venture Capitalists in Deep-Tech Startups. FINENT Conference.
LE PENDEVEN, B., MOREL, C., LEBOEUF, G. (2022). Does the digitalization of entrepreneurial finance democratize entrepreneurship?. AFFI Conference.
ZHOU, J., GIRARD-GUERRAUD, C., LE PENDEVEN, B. (2022). The role of venture capitalists in deeptech startups. ENTFIN Conference, Bath.
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.
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.
BERRE, M., LE PENDEVEN, B. (2022). Valuation, business cycles and cash: Startups in the macroeconomic environment. ENTFIN Conference, Bath.
BERRE, M., LE PENDEVEN, B. (2021). Investor-firm Relationships in the Macro environment Valuation, Cyclical Growth, and Institutional Factors. 5th ENTFIN 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.
LE PENDEVEN, B., MOREL, C., LEBOEUF, G. (2021). Does the digitalization of entrepreneurial finance democratize entrepreneurship?. 5th ENTFIN 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.
BUFFA, V., LE PENDEVEN, B. (2020). What do we know about the Social Impact Bonds: A Systematic literature Review. EURAM Conference.
BERRE, M., LE PENDEVEN, B. (2020). A systematic review of the literature on start-up valuation drivers. EURAM Conference.
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). Social Impact Bonds: A New Public Management Perspective., CR3+ Conference, Audencia Business School, Nantes, France.
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., & SCHWIENBACHER, A. (2018). Equity Crowdfunding & Innovation., 3rd Abbé Grégoire Innovation Days.
LE PENDEVEN, B., & SCHWIENBACHER, A. (2018). Equity Crowdfunding & Innovation., 2nd Emerging Trends in Entrepreneurial Finance Conference.
LE PENDEVEN, B. (2018). From Corporate Venture Capital to Multi Corporate Venture Capital: An Exploratory Study., 3rd ENTFIN Conference.
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.
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/.
LE PENDEVEN, B., BUFFA, V. (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. (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. official conference of le Fonds B. online (due to Civd-19).
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. NAPF.
LE PENDEVEN, B. (2019). Contrats à impact social #1 – Retour d’expérience & perspectives. Conférences Fonds b..
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., Annual Meeting France Angels.
LE PENDEVEN, B. (2017). Social Impact Bonds Les contrats à impact social : enjeux, implications, et perspectives de développement en France.
Reviewer for an academic journal
Small Business Economics Since 2022
Journal of Small Business Management (2022) Since 2022
Venture Capital: An International Journal of Entrepreneurial Finance (2021) Since 2021
Entrepreneurship & Regional Development (2021) Since 2021
Entrepreneurship Theory and Practice (2018) Since 2021
Qualitative Research in Financial Markets (2020) Since 2020
Management International (2020) Since 2020
Journal of Financial Management, Markets and Institutions (2020) Since 2020
Finance Research Letters (2019) Since 2019
Journal of Business Ethics (2019) Since 2019
Finance Contrôle Stratégie (2018) Since 2018
Revue Internationale PME (2018) Since 2018
Revue Française de Gestion (2018) Since 2018
Revue de l'Entrepreneuriat Since 2016
Entreprendre & Innover (2016) Since 2016
International Journal of Entrepreneurship and Small Business (2016) Since 2016
Associate Editor of an academic journal
Venture Capital: An International Journal of Entrepreneurial Finance (2021) Since 2021
Guest Editor of an academic journal
Venture Capital Since 2022
Finance Contrôle Stratégie (2019) , 2019 - 2019
La Revue de l’Entrepreneuriat (2016)
Entreprendre & Innover (2016)
Member of the scientific board of an academic association
Membre du Comité Scientifique de la conférence du GT Innovation de l'AIMS (2018)
Paris Innovative Finance and FinTech Workshop (2017)
Member of the board of directors of an academic association
Académie de l’Entrepreneuriat et de l’Innovation (2020) , 2016 - 2021
Thesis co-director
Maxens Berre : Valuation of Start-ups
Audencia Business School, France
Vincenzo Buffa : Social Impact Bonds
, France
M. TIRA : Environmental Impact Bonds
,
J. GONZALEZ : Impact Investing: 3 Essays
,
Thesis Jury Member
- 2021,
R. BIANCHINI : Climate Change and Financial Markets
, Italy