Artikel
Overcoming the Matthew Effect in Status Dominated Environments – a Configurational Analysis of Venture Capital Investments
Entering status dominated environments as new entrant is a difficult endeavor. Accumulated advantages go along with the tendency of incumbents to succeed, whereas entrants are likely to lose (Matthew effect). This study examines what combination of deal resources accumulated by venture capital partners lead to high deal performance in order to analyze if new entrants can nonetheless overcome the burden of being new, i. e. having a low status position and only weak ties with current actors in status dominated environments. Our configurational analysis of 333 venture capital investments reveals opportunities for entrants to succeed that go beyond joining forces with established actors. Our findings contribute to research on interorganizational network formation and the strategic actions new entrants on the VC market may take to be successful. Furthermore, the study sheds light on the effect of syndicated opposed to single venture capitalist deals and suggests that successful syndicates require a certain degree of homogeneity among the investors.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Credit and Capital Markets – Kredit und Kapital ; ISSN: 2199-1235 ; Volume: 51 ; Year: 2018 ; Issue: 2 ; Pages: 293-314
- Klassifikation
-
Wirtschaft
New Firms; Startups
Network Formation and Analysis: Theory
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
Transactional Relationships; Contracts and Reputation; Networks
Entrepreneurship
- Thema
-
Performance
New Entrants
Status
Syndicate
Tie Strength
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Berger, Elisabeth S. C.
Kuckertz, Andreas
- Ereignis
-
Veröffentlichung
- (wer)
-
Duncker & Humblot
- (wo)
-
Berlin
- (wann)
-
2018
- DOI
-
doi:10.3790/ccm.51.2.293
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Berger, Elisabeth S. C.
- Kuckertz, Andreas
- Duncker & Humblot
Entstanden
- 2018
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