Welpe, Isabell M. and Dowling, Michael and Picot, Arnold (2010) Antecedents of technology ventures' growth: comparing investor experience and effort. INTERNATIONAL JOURNAL OF TECHNOLOGY MANAGEMENT, 52 (1-2). pp. 69-97. ISSN 0267-5730, 1741-5276
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We use the resource-based view to examine the contribution of venture capitalists' experience and effort to the development, growth and economic success of their technology ventures. Based on recent survey data from 272 venture capital-financed ventures in German-speaking Europe, we use a structural modelling approach to show that a venture's economic performance (as measured by increase in company valuation and employee growth) results from greater venture capital firm experience. In addition, we show that venture capitalists' effort moderates the relationship between venture capital firms' experience and the economic success of their ventures, and between the goal fulfillment and economic success of ventures.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | FIRM NETWORKS; FIT INDEXES; PERFORMANCE; CAPITALISTS; DECISION; ENTREPRENEURS; INVESTMENTS; INVOLVEMENT; PREDICTORS; STRATEGIES; technology venture; growth; venture capital; experience; effort; technology management |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Innovations- und Technologiemanagement (Prof. Dr. Michael Dowling) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 17 Aug 2020 09:10 |
| Last Modified: | 17 Aug 2020 09:10 |
| URI: | https://pred.uni-regensburg.de/id/eprint/25489 |
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