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Thomas Boryniec, PhD

Research

Revise & Resubmit

• COVID-19’s Delayed Venture Capital Reallocation (SSCI, First Author)

Research in Progress

• The Impact of Geopolitical Sentiment on Cross-border Venture Capital (First Author)

• Financial and Legal Analysis of Crypto Venture Capital Research (First Author)

• From Token Transfer to Legal Effect: Rights Structure, Regulatory Characterization and Private-Law Effect in Real-World Asset Tokenization (Corresponding Author)

• How does IPO market development affect venture capital investment decisions?} ——Evidence from China’s IPO system reform

Research Grants

Xiamen University Malaysia Research Fund (XMUMRF Cycle16/2025)

The Impact of Geopolitical Sentiment on Cross-border Venture Capital

  • Role: Participant (Rank 1/2)
  • Research Period: 1 July 2025– 30 June 2028
  • Grant Number: XMUMRF/2025-C16/ISEM/0055

National Social Science Fund of China

Motivations and Models of Cross-Border Venture Capital Investment in China

  • Role: Participant (Rank 3/10)
  • Grant Number: 20BJY190

Conference Presentations and Invited Lectures

• German Law and Economics Association Conference; Hamburg University (2024)

• Shanghai International Conference of Fintech, Innovation and Development; Shanghai International Studies University and Zhejiang University (2021)

• China Higher Education Symposium; Xiamen University (2017)

•“Passion Ignites Dreams, Entrepreneurship Shapes Destiny,” lecture series delivered at universities across Hebei Province, China, organised by the Hebei Foreign Affairs Bureau (2016)

Peer-Review Service

• International Review of Financial Analysis (2026): Reviewed a manuscript examining the venture capital literature.

• Venture Capital (2026): Reviewed a manuscript examining cross-border venture capital syndication.

• Applied Economics (2025): Reviewed a manuscript on the relationship between intangible capital and market power

•Economics and Business Review (2025): Reviewed a manuscript examining liquidity risk and liquidity timing effects in the cross section of mutual fund returns.

My Research Focus

Venture Capital

Venture Capital, Cross-Border VC, Crypto VC, and Macro-/Micro-Economic Factors Shaping VC Decisions.

Blockchain Finance

Digital assets, decentralised finance, and blockchain-driven financial innovation.

International Business

Globalisation patterns, firm strategy, and the key factors shaping internationalisation.

Innovation

Technological spillovers, innovation, and their influence on markets and economic behaviour.