Morteza Aghajanzadeh

Morteza Aghajanzadeh

PhD Candidate

Stockholm School of Economics

Morteza Aghajanzadeh

I am a Ph.D. candidate in the Department of Finance at Stockholm School of Economics, where my research focuses on entrepreneurship and finance. I study how venture capital activities shape innovation and market dynamics, combining theoretical modeling with empirical analysis. In particular, my work examines how the structure of venture capital networks and investment decisions influences entry, competition, and the allocation of innovative activity across markets.

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Interests
  • Venture Capital, Entrepreneurship, and Innovation
  • Network Structure and Market Competition
  • Strategic Investment and Entry Dynamics

Research

Working Papers and ongoing projects

Last updated on Apr 7, 2026 Research
The Two Faces of VC Networks: Performance Premiums and Entry Deterrence
The Two Faces of VC Networks: Performance Premiums and Entry Deterrence

This paper develops a dynamic model of venture capital networks to study how financial intermediation shapes startup performance and market entry. It highlights three key mechanisms: assortative matching, value-added support, and entry deterrence through coordinated behavior—showing how networks can both improve efficiency and restrict competition. The model provides testable predictions on matching, funding, and market concentration, and serves as a foundation for future structural estimation.

Last updated on Mar 21, 2026 Research
Reallocation Cost of Carbon Policies
Reallocation Cost of Carbon Policies

This paper examines the effects of carbon policies on capital reallocation and emission reductions in the economy, using a model that captures the interactions between green and brown capital, productivity, and emissions. The model is estimated using data from the Swedish manufacturing sector between 1990 and 2015.