This paper investigates how a variety of conditions in place at the time of first-round funding c... more This paper investigates how a variety of conditions in place at the time of first-round funding can frame a new venture team's (NVT) perception of the fairness of its relations with its venture capitalists (VC). It assumes that a team's perception of whether its treatment by its VC is procedurally just will affect a team's receptivity to VC advice. An analysis of data from 116 firms funded by venture capitalists indicated that some governance mechanisms and the background of the venture team significantly framed perceptions of fairness in their relationship. A major finding of this research is that the indiscriminant use of contractual covenants can adversely frame a NVT's perception of how fairly it is treated by its VC, which ultimately could inhibit the former's receptivity to advice. Directions for future research are indicated.
In examining the global landscape, it is clear that some cultures produce many more entrepreneurs... more In examining the global landscape, it is clear that some cultures produce many more entrepreneurs than others. To explore this phenomenon, we take a cognitive perspective because it is assumed that the way one thinks has a significant impact on the intention to start a new business. Through the development of this model we clarify why some Individuals across different cultures tend to be more prolific in starting new ventures than others both Inside and outside the home country. In illustrating the model, the Chinese population and their high propensity to start new businesses when they migrate to new countries are discussed. Implications for competitive advantage and other areas of cross-cultural research are made.
ABSTRACT Research in entrepreneurship has been booming, with perspectives from a range of discipl... more ABSTRACT Research in entrepreneurship has been booming, with perspectives from a range of disciplines and numerous developing schools of thought. It can be difficult for young scholars and even long-time researchers to find their way through the lush garden of ideas we see before us. The purpose of this book is to map the research terrain of entrepreneurship, providing the perfect starting point for new and existing researchers looking to explore. Topics covered range from emerging perspective, through issues at the core of the field to innovative methodologies. Starting off with a preface by Bill Gartner, each section of the book brings together a world class set of established leading researchers and rising stars. This considered, comprehensive and conclusive companion integrates the recent debates in entrepreneurship research under one cover, to provide a resource which will be useful across disciplinary boundaries and for a whole range of students and researchers.
The central premise of the resource management perspective (Sirmon, Ireland, & Hitt, 2007... more The central premise of the resource management perspective (Sirmon, Ireland, & Hitt, 2007) in resource-based theory contends that resources must be ... is directly influenced by the availability of financial capital in the venture (Lee, Lee, & Pennings, 2001; Shane & Stuart, 2002). ...
Resource-based theory contends that the manner in which firms are organized plays a critical role... more Resource-based theory contends that the manner in which firms are organized plays a critical role in determining whether resources can be leveraged to create wealth. Although numerous factors influence organizing decisions, prior research in the heterogeneous resource approach contends that individual resources are the causal driver in the process of establishing competitive advantages. In this study, we test this assumption
Abstract Presents an organizational economic analysis of the relationship between venture capital... more Abstract Presents an organizational economic analysis of the relationship between venture capital firms and firms funded by venture capitals. Determinants of monitoring and control level; Structure of venture capital governance; Types of risk.
This paper investigates how a variety of conditions in place at the time of first-round funding c... more This paper investigates how a variety of conditions in place at the time of first-round funding can frame a new venture team's (NVT) perception of the fairness of its relations with its venture capitalists (VC). It assumes that a team's perception of whether its treatment by its VC is procedurally just will affect a team's receptivity to VC advice. An analysis of data from 116 firms funded by venture capitalists indicated that some governance mechanisms and the background of the venture team significantly framed perceptions of fairness in their relationship. A major finding of this research is that the indiscriminant use of contractual covenants can adversely frame a NVT's perception of how fairly it is treated by its VC, which ultimately could inhibit the former's receptivity to advice. Directions for future research are indicated.
In examining the global landscape, it is clear that some cultures produce many more entrepreneurs... more In examining the global landscape, it is clear that some cultures produce many more entrepreneurs than others. To explore this phenomenon, we take a cognitive perspective because it is assumed that the way one thinks has a significant impact on the intention to start a new business. Through the development of this model we clarify why some Individuals across different cultures tend to be more prolific in starting new ventures than others both Inside and outside the home country. In illustrating the model, the Chinese population and their high propensity to start new businesses when they migrate to new countries are discussed. Implications for competitive advantage and other areas of cross-cultural research are made.
ABSTRACT Research in entrepreneurship has been booming, with perspectives from a range of discipl... more ABSTRACT Research in entrepreneurship has been booming, with perspectives from a range of disciplines and numerous developing schools of thought. It can be difficult for young scholars and even long-time researchers to find their way through the lush garden of ideas we see before us. The purpose of this book is to map the research terrain of entrepreneurship, providing the perfect starting point for new and existing researchers looking to explore. Topics covered range from emerging perspective, through issues at the core of the field to innovative methodologies. Starting off with a preface by Bill Gartner, each section of the book brings together a world class set of established leading researchers and rising stars. This considered, comprehensive and conclusive companion integrates the recent debates in entrepreneurship research under one cover, to provide a resource which will be useful across disciplinary boundaries and for a whole range of students and researchers.
The central premise of the resource management perspective (Sirmon, Ireland, & Hitt, 2007... more The central premise of the resource management perspective (Sirmon, Ireland, & Hitt, 2007) in resource-based theory contends that resources must be ... is directly influenced by the availability of financial capital in the venture (Lee, Lee, & Pennings, 2001; Shane & Stuart, 2002). ...
Resource-based theory contends that the manner in which firms are organized plays a critical role... more Resource-based theory contends that the manner in which firms are organized plays a critical role in determining whether resources can be leveraged to create wealth. Although numerous factors influence organizing decisions, prior research in the heterogeneous resource approach contends that individual resources are the causal driver in the process of establishing competitive advantages. In this study, we test this assumption
Abstract Presents an organizational economic analysis of the relationship between venture capital... more Abstract Presents an organizational economic analysis of the relationship between venture capital firms and firms funded by venture capitals. Determinants of monitoring and control level; Structure of venture capital governance; Types of risk.
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