How venture capitalists respond to unmet expectations: The role of social environment
Author
Summary, in English
In this paper, we seek to explain venture capitalists' reactions to disappointments caused by entrepreneurs. Our basic assumption is that venture capitalists' social environment, defined as exposure to venture capital and business communities, will influence their responses to problematic situations. The results of our study suggest that venture capitalists with strong ties to their colleagues and with managerial experience are more inclined to use active and constructive approaches than venture capitalists with a lesser exposure to the venture capital and business communities.
Publishing year
2006
Language
English
Pages
773-801
Publication/Series
Journal of Business Venturing
Volume
21
Issue
6
Document type
Journal article
Publisher
Elsevier
Topic
- Social Sciences Interdisciplinary
- Business Administration
- Economics and Business
Keywords
- social environment
- venture capital
- conflict management
Status
Published
ISBN/ISSN/Other
- ISSN: 0883-9026