Explores when and if venture capitalists add value to the firms that they back. Focus in this analysis is on context and the venture capitalist-CEO relationship. Value is considered from the viewpoint of the venture's CEO and the lead venture capital investor. Data used were collected through...

In this study we examine when venture capital firms (VCFs) learn from their portfolio companies (PFCs). Relying primarily on learning and behavioral theories, we develop hypotheses regarding the effects of prior experience, knowledge overlap, trust, and PFC performance on learning by VCFs. We...

Learning theory and an attention-based view of the firm are used to examine how an independent firm's degree of internationalization, age at first international entry, and entrepreneurial orientation are related to the attention it devotes to learning activities in international and domestic...

Research has identified the means by which venture capitalists (VCs) in the United States add value to their portfolio firms beyond money. The venture capital industry has expanded into other nations, and this study explores the relations of venture capitalists with their portfolio firms in the...

Examines the process by which entrepreneurial teamsselect new members. First, a review of two existing explanations for new memberaddition is offered. In the first theory, addition is viewed as a rationalprocess driven by economic, instrumental considerations. The second explanationsets...

This study is an attempt to explain how therelationship between a venture capital firm (VCF) and its portfolio companies(PFCs) affects the VCF's perception of PFC performance. A discussion ofrelational capital and the relationship between trust and perceived performanceleads to the formulation...

The differences between the information used for the pre-investment valuation and the valuation methods used by venture capital investors in five countries (US, UK, France, Belgium and Holland) are empirically studied. The analysis is based on postal questionnaire surveys of representative...

Throughout history, societies have been beset by disasters that took them by surprise, often with widespread and devastating consequences. When crops, animals, or people began dying with unusual frequency, especially when the causes were not observable, people often failed to respond, responded...

This research utilizes an institutional perspective to examine the behavior of venture capital professionals in three distinct regions of the world (Asia, U.S., Europe). Based upon a mail survey, we find reasonably consistent views around the world on the relative importance of various venture...