Research

Requisite expertise, firm reputation, and status in venture capital investment allocation decisions


Reference:

Dimov, D., Shepherd, D. A. and Sutcliffe, K. M., 2007. Requisite expertise, firm reputation, and status in venture capital investment allocation decisions. Journal of Business Venturing, 22 (4), pp. 481-502.

Related documents:

[img]
Preview
PDF (Author's accepted version) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Download (342kB) | Preview

    Official URL:

    http://dx.doi.org/10.1016/j.jbusvent.2006.05.001

    Abstract

    Drawing together research in the upper echelon perspective, strategy, and organizational sociology, this paper examines (1) the relationship between the finance expertise of a venture capital (VC) firm's management team and investment selection, and (2) the moderation of this relationship by the VC firm's social position. We find that while finance expertise is associated with a lower proportion of early-stage investments, this relationship is weaker for firms with high reputation and stronger for firms with high status. We conclude with a discussion of the importance and nuances of external image considerations on investment decisions as well as insights into the importance of the requisite nature of expertise. © 2006 Elsevier Inc. All rights reserved.

    Details

    Item Type Articles
    CreatorsDimov, D., Shepherd, D. A. and Sutcliffe, K. M.
    DOI10.1016/j.jbusvent.2006.05.001
    DepartmentsSchool of Management
    Publisher StatementDimov_J_Business_Venturing_2007_22_4_481.pdf: NOTICE: this is the author’s version of a work that was accepted for publication in Journal of Business Venturing. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Business Venturing, vol 22, issue 4, 2007 DOI 10.1016/j.jbusvent.2006.05.001
    RefereedYes
    StatusPublished
    ID Code32464

    Export

    Actions (login required)

    View Item

    Document Downloads

    More statistics for this item...