The Impact of Investment Networks on Venture Capital Firm Performance: A Contingency Framework
Journal
British Journal of Management
ISSN
1045-3172
Type
journal article
Date Issued
2017-01
Author(s)
Abstract (De)
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.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
Global Center for Entrepreneurship + Innovation
Refereed
Yes
Publisher
Wiley-Blackwell
Volume
28
Number
1
Start page
102
End page
119
Official URL
Subject(s)
Eprints ID
255327