VC interlocks and alliance formation of entrepreneurial startups: A longitudinal cross-level study

Xiaodan   Wang; William P. Wan; G. T. Lumpkin

doi:10.5465/AMBPP.2012.298

VC interlocks and alliance formation of entrepreneurial startups: A longitudinal cross-level study

Xiaodan Wang
, William P. Wan
, G. T. Lumpkin

Department of Management

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

Abstract

Despite the beneficial effects of alliances in facilitating survival, growth and performance of entrepreneurial startups, it is in general difficult for entrepreneurial startups to form alliances due to their poor resource endowments and lack of established social networks. Research to date has largely ignored the roles played by venture capital (VC) firms in entrepreneurial startups' alliance formation. Drawing on the network theory and the social contagion perspective, our study intends to fill this cap in the alliance literature and the entrepreneurship literature by exploring the influence of VC interlocks on alliance formation of VC-backed entrepreneurial startups. We also test the cross-level moderating effects of tie strength and TMT size. In this longitudinal multi-level study, we used a sample of 2145 firm-year observations (745 entrepreneurial startups funded by 69 VC firms over 5 years) to test the hypotheses, and the empirical results provide support to our proposition

Original language	English
Title of host publication	Academy of Management Annual Meeting Proceedings
Editors	Guclu Atinc
Publisher	Academy of Management
Pages	2151-6561
Volume	2012
DOIs	https://doi.org/10.5465/AMBPP.2012.298
Publication status	Published - Aug 2012
Event	72nd Annual Meeting of the Academy of Management, AOM 2012 - Boston, United States Duration: 7 Aug 2012 → 10 Aug 2012

Conference

Conference	72nd Annual Meeting of the Academy of Management, AOM 2012
Place	United States
City	Boston
Period	7/08/12 → 10/08/12

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Full text of this publication does not contain sufficient affiliation information. With consent from the author(s) concerned, the Research Unit(s) information for this record is based on the existing academic department affiliation of the author(s).

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title = "VC interlocks and alliance formation of entrepreneurial startups: A longitudinal cross-level study",

abstract = "Despite the beneficial effects of alliances in facilitating survival, growth and performance of entrepreneurial startups, it is in general difficult for entrepreneurial startups to form alliances due to their poor resource endowments and lack of established social networks. Research to date has largely ignored the roles played by venture capital (VC) firms in entrepreneurial startups' alliance formation. Drawing on the network theory and the social contagion perspective, our study intends to fill this cap in the alliance literature and the entrepreneurship literature by exploring the influence of VC interlocks on alliance formation of VC-backed entrepreneurial startups. We also test the cross-level moderating effects of tie strength and TMT size. In this longitudinal multi-level study, we used a sample of 2145 firm-year observations (745 entrepreneurial startups funded by 69 VC firms over 5 years) to test the hypotheses, and the empirical results provide support to our proposition",

author = "Xiaodan Wang and Wan, \{William P.\} and Lumpkin, \{G. T.\}",

note = "Full text of this publication does not contain sufficient affiliation information. With consent from the author(s) concerned, the Research Unit(s) information for this record is based on the existing academic department affiliation of the author(s).; 72nd Annual Meeting of the Academy of Management, AOM 2012 ; Conference date: 07-08-2012 Through 10-08-2012",

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Wang, X, Wan, WP & Lumpkin, GT 2012, VC interlocks and alliance formation of entrepreneurial startups: A longitudinal cross-level study. in G Atinc (ed.), Academy of Management Annual Meeting Proceedings. vol. 2012, Academy of Management, pp. 2151-6561, 72nd Annual Meeting of the Academy of Management, AOM 2012, Boston, United States, 7/08/12. https://doi.org/10.5465/AMBPP.2012.298

VC interlocks and alliance formation of entrepreneurial startups: A longitudinal cross-level study. / Wang, Xiaodan ; Wan, William P.; Lumpkin, G. T.
Academy of Management Annual Meeting Proceedings. ed. / Guclu Atinc. Vol. 2012 Academy of Management, 2012. p. 2151-6561.

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

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AU - Wan, William P.

AU - Lumpkin, G. T.

N1 - Full text of this publication does not contain sufficient affiliation information. With consent from the author(s) concerned, the Research Unit(s) information for this record is based on the existing academic department affiliation of the author(s).

PY - 2012/8

Y1 - 2012/8

N2 - Despite the beneficial effects of alliances in facilitating survival, growth and performance of entrepreneurial startups, it is in general difficult for entrepreneurial startups to form alliances due to their poor resource endowments and lack of established social networks. Research to date has largely ignored the roles played by venture capital (VC) firms in entrepreneurial startups' alliance formation. Drawing on the network theory and the social contagion perspective, our study intends to fill this cap in the alliance literature and the entrepreneurship literature by exploring the influence of VC interlocks on alliance formation of VC-backed entrepreneurial startups. We also test the cross-level moderating effects of tie strength and TMT size. In this longitudinal multi-level study, we used a sample of 2145 firm-year observations (745 entrepreneurial startups funded by 69 VC firms over 5 years) to test the hypotheses, and the empirical results provide support to our proposition

AB - Despite the beneficial effects of alliances in facilitating survival, growth and performance of entrepreneurial startups, it is in general difficult for entrepreneurial startups to form alliances due to their poor resource endowments and lack of established social networks. Research to date has largely ignored the roles played by venture capital (VC) firms in entrepreneurial startups' alliance formation. Drawing on the network theory and the social contagion perspective, our study intends to fill this cap in the alliance literature and the entrepreneurship literature by exploring the influence of VC interlocks on alliance formation of VC-backed entrepreneurial startups. We also test the cross-level moderating effects of tie strength and TMT size. In this longitudinal multi-level study, we used a sample of 2145 firm-year observations (745 entrepreneurial startups funded by 69 VC firms over 5 years) to test the hypotheses, and the empirical results provide support to our proposition

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DO - 10.5465/AMBPP.2012.298

M3 - RGC 32 - Refereed conference paper (with host publication)

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BT - Academy of Management Annual Meeting Proceedings

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Y2 - 7 August 2012 through 10 August 2012

ER -

VC interlocks and alliance formation of entrepreneurial startups: A longitudinal cross-level study

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