篇名 | Effects of conformity on success of the firm:The moderated effect of partner diversity on venture capital investments |
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並列篇名 | 企業從眾行為對績效的影響:在創業投資中夥伴多樣性的干擾效果 |
作者 | Chun-Yun Cheng |
英文摘要 | 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. |
起訖頁 | 1-29 |
關鍵詞 | Conformity、partner diversity、venture capital investment、inter-organizational cooperation |
刊名 | 陽明交大管理學報 |
出版單位 | 陽明交通大學管理學院(原:交通大學管理學院) |
期數 | 201712 (37:2期) |
DOI | 10.3966/102873102017123702001 複製DOI DOI申請 |
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