Quotation Bellavitis, Cristiano, Filatotchev, Igor, Souitaris, Vangelis. 2017. The Impact of Investment Networks on Venture Capital Firm Performance: A Contingency Framework. British Journal of Management (BJM) 28 (1), 102-119.


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Abstract

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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal British Journal of Management (BJM)
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, MAN-A, STRAT-B, WH-A
Language English
Title The Impact of Investment Networks on Venture Capital Firm Performance: A Contingency Framework
Volume 28
Number 1
Year 2017
Page from 102
Page to 119
Reviewed? Y
DOI http://dx.doi.org/10.1111/1467-8551.12162

Associations

People
Filatotchev, Igor (Details)
External
Bellavitis, Cristiano (Higher School of Economics, Moscow, Russian Federation)
Souitaris, Vangelis (Luiss Guido Carli University, Rome, Italy)
Organization
Competence Center for Emerging Markets and CEE WE (Details)
Institute for International Business (Dikova) (Details)
Institute for International Business IN (Details)
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