Relocation to get venture capital : a resource dependence perspective
De Prijcker, S; Manigart, S; Collewaert, V; et al.Vanacker, T
Date: 15 November 2017
Journal
Entrepreneurship Theory and Practice
Publisher
SAGE Publications
Publisher DOI
Abstract
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 ventures founded in states with a greater availability ...
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 ventures founded in states with a greater availability of VC. Moreover, controlling for self-selection, ventures that relocate to CA or MA subsequently have a greater probability of attracting initial VC compared to ventures that stay in their home state. We discuss the implications for theory, future research, and practice.
Management
Faculty of Environment, Science and Economy
Item views 0
Full item downloads 0