6533b873fe1ef96bd12d4cd4

RESEARCH PRODUCT

Fostering Dynamic Growth in New Ventures through Venture Capital: Conceptualizing Venture Capital Capabilities

Arabella Mocciaro Li DestriOlimpia MeglioArturo Capasso

subject

050208 financeSocial venture capitalVenture Capital Venture capital capabilities dynamic growthGeneralLiterature_INTRODUCTORYANDSURVEYStrategy and Management05 social sciencesGeography Planning and DevelopmentComputingMilieux_PERSONALCOMPUTINGNew VenturesVenture capitalGeneralLiterature_MISCELLANEOUSCommerce0502 economics and businessBusinessBeneficial effectsSettore SECS-P/08 - Economia E Gestione Delle Imprese050203 business & managementFinanceIndustrial organization

description

There is ample evidence of the influence of venture capital on the creation and growth of new ventures, yet scant attention has been paid to the heterogeneity of venture capitalists and their capacity to contribute to the dynamic growth of new ventures. This paper aims to contribute to the existing literature by exploring the notion that venture capitalists have beneficial effects on the growth of new ventures when they rely on a set of distinctive skills and processes that we associate with venture capital capabilities. We bridge the venture capital and resource-based view research streams to identify the foundational mechanisms of venture capital capabilities. We develop a set of propositions to test empirically and discuss the implications of our study for research and practice.

yearjournalcountryeditionlanguage
2017-08-01
10.1016/j.lrp.2016.09.003http://hdl.handle.net/10447/243690