VENTURE CAPITALISTS AND SUCCESS: A META-ANALYSIS ON THE IMPACT OF NON-FINANCIAL RESOURCES (SUMMARY)

Citation data:

Vol: 36, Issue: 2

Publication Year:
2016
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Repository URL:
https://digitalknowledge.babson.edu/fer/vol36/iss2/2
Author(s):
Bock, Carolin; Gerl, Anna
Tags:
Financing
artifact description
Numerous empirical studies investigate the effect of non-financial resources of venture capitalists, but it remains unclear which of these are to what extent beneficial (e.g., Sørensen, 2007). Based on the resource-based view, we shed light on the question which of the resources (“experience”, “reputation”, and “social capital”) are specifically important (Barney, 1991; Echols, 2000). We deduct a coherent set of hypotheses modeling the correlation between the provision of venture capitalists’ resources and different categories of success (Venkatraman and Ramanujam, 1986). By a meta-analytic approach, we assess which resource is particularly helpful for start-ups’ performance enhancement.