The Impact of Investment Networks on Venture Capital Firm Performance: A Contingency Framework

Item Type Journal paper
Abstract

Venture capital (VC) syndicates involve repeated transactions among partners and therefore possess network‐like characteristics. Although networks provide access to important externalities, extant literature has not studied the effects of the focal firm's resource needs on performance benefits arising from different network structures. We investigate the impact of two proxies for firm‐level resources, namely maturity and status, on the relationship between network cohesion and VC performance. We find that mature and high status VCs benefit less from network cohesion. We also show that maturity and status simultaneously determine the performance effects of network cohesion.

Authors Bellavitis, Cristiano; Filatotchev, Igor & Souitaris, Vangelis
Journal or Publication Title British Journal of Management
Language English
Subjects business studies
HSG Classification contribution to scientific community
HSG Profile Area Global Center for Entrepreneurship + Innovation
Refereed Yes
Date January 2017
Publisher Wiley-Blackwell
Volume 28
Number 1
Page Range 102-119
ISSN 1045-3172
Official URL https://doi.org/10.1111/1467-8551.12162
Depositing User Prof. PhD Vangelis Souitaris
Date Deposited 15 Oct 2018 14:47
Last Modified 15 Oct 2018 14:47
URI: https://www.alexandria.unisg.ch/publications/255327

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Citation

Bellavitis, Cristiano; Filatotchev, Igor & Souitaris, Vangelis (2017) The Impact of Investment Networks on Venture Capital Firm Performance: A Contingency Framework. British Journal of Management, 28 (1). 102-119. ISSN 1045-3172

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https://www.alexandria.unisg.ch/id/eprint/255327
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