管理相互冲突的议程：首次公开募股过程中的连续创业者和风险资本家

IF 6.2 3区管理学 Q1 BUSINESS

International Entrepreneurship and Management Journal Pub Date : 2024-02-19 DOI:10.1007/s11365-024-00950-0

Fariss-Terry Mousa, Scott R. Gallagher

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引用次数: 0

摘要

风险投资公司对创业成功起着至关重要的作用。同样，连续创业者因其经验和专业知识，对其参与的企业产生积极但递减的影响。然而，连续创业者与风险投资家的混合效应如何？本研究采用人力资本驱动的多机构理论框架，探讨风险资本家和连续创业者在绩效和流程问题上的相互作用，从而增进我们对风险资本家和连续创业者的了解。与直觉相反，我们发现连续创业者的参与与较低的 IPO 价值相关，但与 MAT 理论一致的是，连续创业者的参与延长了 IPO 时间。

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Managing conflicting agendas: serial entrepreneurs and venture capitalists in the IPO process

Venture capital firms play a crucial role in entrepreneurial success. Similarly, due to their experience and expertise, serial entrepreneurs have been shown to have positive but diminishing effects on the firms with which they are involved. However, what is the effect of mixing serial entrepreneurs with venture capitalists? This study advances our knowledge of venture capitalists and serial entrepreneurs by adopting a human capital-driven multi-agency theoretical framework for their interplay on performance and process issues. Counterintuitively, we find that serial entrepreneur involvement correlates with lower IPO values, but consistent with MAT theory, it lengthens the time to IPO.

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来源期刊

International Entrepreneurship and Management Journal Multiple-

CiteScore

12.50

自引率

3.60%

发文量

期刊介绍： The International Entrepreneurship and Management Journal (IEMJ) publishes high quality manuscripts dealing with entrepreneurship, broadly defined, and the management of entrepreneurial organizations. The journal will expand the study of entrepreneurship and management by publishing innovative articles based on different perspectives using a variety of methodological approaches and showing the practical implications of the research for its readership. IEMJ is unique; providing a multi-disciplinary forum for researchers, scholars, consultants, entrepreneurs, businessmen, managers and practitioners in the field of entrepreneurship. The journal covers the relationship between management and entrepreneurship including both conceptual and empirical papers, leading to an improvement in the understanding of international entrepreneurial perspectives of the organisations concerned. Entrepreneurial studies are important in creating new economic activity that in turn increases innovation, employment, economic wealth and growth. The journal focuses on the diverse and complex characteristics of entrepreneurship in SMEs and large companies in local, regional, national or international markets that lead to competitiveness in the face of the effects of globalization. Though preference will be given to manuscripts that are international in scope, papers focused on domestic contexts and issues are welcome also, in order to facilitate the sharing of knowledge and potential generalizability of findings worldwide. IEMJ will publish original papers which contribute to the advancement of the field of entrepreneurship and the interface between management and entrepreneurship, as well as articles on business corporate strategy and government economic policy. On occasions, the journal will also feature case studies of successful firms or other cases having important practical implications. The journal places great emphasis on the quality of the papers it publishes. Submission of a paper will imply that it contains original unpublished work and is not being submitted for publication elsewhere. Officially cited as: Int Entrep Manag J