标题: | Effects of conformity on success of the firm: The moderated effect of partner diversity on venture capital investments 企业从众行为对绩效的影响:在创业投资中夥伴多样性的干扰效果 |
作者: | Chun-Yun Cheng |
关键字: | Conformity; partner diversity;venture capital investment;inter-organizational cooperation |
公开日期: | 1-十二月-2017 |
出版社: | 交通大学 National Chiao Tung University |
摘要: | This study examines the determinants of success through the lens of behavioral conformity and partner attributes beyond the firm’s boundaries. Using longitudinal investment data from 1980 to 2008 on venture capital (VC) in the U.S., we adopted logit models in a panel format with random effects. We find some evidence that investing with similar external partners enhances investment performance. We also explore the crucial role partner diversity plays in moderating behavioral conformity and success of the firm. Accessing divergent forms of external knowledge through inter-firm cooperation should curb a firm’s tendency to engage in exaggerated fashionable compliance and improve the quality of organizations’ decision making and subsequent success. |
URI: | http://hdl.handle.net/11536/143524 |
ISSN: | 1028-7322 |
期刊: | 交大管理学报 Chiao Da Mangement Review |
Volume: | 37 |
Issue: | 2 |
起始页: | 1 |
结束页: | 29 |
显示于类别: | Chiao Da Mangement Review |
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