Reconsidering the venture capitalists' "value added" proposition: An interorganizational learning perspective

被引:129
作者
Busenitz, LW
Fiet, JO
Moesel, DD
机构
[1] Univ Oklahoma, Price Coll Business, Dept Management, Norman, OK 73019 USA
[2] Univ Louisville, Coll Business & Publ Adm, Dept Management, Louisville, KY 40292 USA
[3] Univ Missouri, Dept Management, Columbus, MO 65211 USA
关键词
venture capital; venture exits; interorganizational relationships;
D O I
10.1016/j.jbusvent.2003.06.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study examines the interorganizational relationships among venture capitalists (VCs) and new venture teams (NVTs) for their contribution to long-term improvement in the performance of a venture. Research in (1) learning assistance, (2) NVT dismissal and (3) procedural justice provide important insights into the unique interorganizational relationship that exists among VCs and the NVTs they fund. We found the following: (1) no statistically significant support for strategic information, (2) a negative association for dismissals and (3) positive support for procedurally just interventions. These longitudinal findings suggest important future research on interorganizational relationships. (C) 2003 Elsevier Inc. All rights reserved.
引用
收藏
页码:787 / 807
页数:21
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