Using a resource dependence perspective, we theorize and show that non-venture-capital-backed ventures founded in U.S. states with a lower availability of venture capital (VC) are more likely to relocate to California (CA) or Massachusetts (MA) — the two VC richest states — compared to...

Institutional theory explains how interactions between organizations and institutions shape economic activity and consequently managerial performance and strategies. The institutional setting of most emerging countries is in transition, whereby a relationship-based transaction mode is gradually...