Venture capital funds: Do they meet the expectations of portfolio firms?

References

• Alvarez , S. A. and Barney , J. B. 2001 . How entrepreneurial firms can benefit from alliances with large partners . Academy of Management Executive , 1 : 139 – 148 .
   Google Scholar
• Arthurs , J. D. and Busenitz , L. W. 2003 . The boundaries and limitations of agency theory and stewardship theory in the venture capitalist/entrepreneur relationship . Entrepreneurship Theory and Practice , 28 ( 2 ) : 145 – 162 .
   Web of Science ®Google Scholar
• Barney , J. 1991 . Firm resources and sustained competitive advantage . Journal of Management , 17 ( 1 ) : 99 – 120 .
   Web of Science ®Google Scholar
• Barney , J. B. 2001 . Is the resource-based ‘view’ a useful perspective for strategic management research? Yes . Academy of Management Review , 26 ( 1 ) : 41 – 56 .
   Web of Science ®Google Scholar
• Barney , J. B. , Busenitz , L. W. , Fiet , J. O. and Moesel , D. D. 1996 . New venture teams' assessment of learning assistance from venture capital firms . Journal of Business Venturing , 11 : 257 – 272 .
   Web of Science ®Google Scholar
• Bentler , P. M. 1990 . Comparative fit indexes in structural models . Psychological Bulletin , 107 : 238 – 246 .
   PubMed Web of Science ®Google Scholar
• K. Th. Boersma , J. S. and Stegwee , R. A. . Exploring the issues in knowledge management . Paper accepted by the Information Technology Management in Europe . Track of the 1996 Information Resources Management Association .
   Google Scholar
• Brush , C. G. , Green , P. G. and Hart , M. M. 2001 . From initial idea to unique advantage: the entrepreneurial challenge and constructing a resource base . Academy of Management Executive , 15 ( 1 ) : 64 – 78 .
   Google Scholar
• Busenitz , L. W. , Fiet , J. O. and Moesel , D. D. 2004 . Reconsidering the venture capitalists' ‘value added’ proposition: an interorganizational learning perspective . Journal of Business Venturing , 19 : 787 – 807 .
   Web of Science ®Google Scholar
• Bygrave , W. D. and Timmons , J. A. 1992 . Venture Capital at the Crossroads , Boston, MA : Harvard Business School Press .
   Google Scholar
• Cable , D. M. and Shane , S. 1997 . A prisoner's dilemma approach to entrepreneur – venture capitalist relationships . Academy of Management Review , 22 ( 1 ) : 142 – 176 .
   Web of Science ®Google Scholar
• Carter , N. M. , Gartner , W. B. and Reynolds , P. D. 1996 . Exploring start-up event sequences . Journal of Business Venturing , 3 : 151 – 166 .
   Google Scholar
• Chandler , G. and Hanks , S. H. 1994 . Market attractiveness, resource-based capabilities, venture strategies and venture performance . Journal of Business Venturing , 4 : 331 – 349 .
   Google Scholar
• Churchill , N. and Lewis , V. 1983 . Growing concerns: the five stages of small business classification of problems . Entrepreneurship Theory and Practice , 3 : 5 – 20 .
   Google Scholar
• Darr , E. D. and Kurtzberg , T. R. 2000 . An investigation of partner similarity dimensions on knowledge transfer . Organizational Behaviour and Human Decision Processes , 1 : 28 – 44 .
   Google Scholar
• De Boer , M. , Van den Bosch , F. A. J. and Volberda , H. W. 1999 . Managing organizational knowledge integration in the emerging multimedia complex organizations . Entrepreneurship Theory and Practice , 2 : 5 – 29 .
   Google Scholar
• Dollinger , M. J. 1999 . Entrepreneurship: Strategies and Resources , Homewood, IL : Richard D. Irwin .
   Google Scholar
• Dolvin , S. 2005 . Venture capitalist certification of IPOs . Venture Capital , 7 ( 2 ) : 131 – 148 .
   Google Scholar
• Drake , K. 1998 . Firms, knowledge and competitiveness . The OECD Observer , April/May
   Google Scholar
• Fallan , L. 1989 . Skatteplanlegging og skatteplanleggingsadferd i næringsvirksomhet . Doktorgradsavhandling, Norges Handelsh⊘yskole (Tax planning and tax behaviour i business. Dr. thesis NHH, Bergen, Norway)
   Google Scholar
• Fornell , C. and Larcker , D. 1981 . Evaluating structural equation models with unobservable variables and measurement error . Journal of Marketing Research , 18 : 39 – 50 .
   Web of Science ®Google Scholar
• Fredriksen , Ö. , Olofsson , C. and Wahlbin , C. 1997 . Are venture capitalists firefighters? A study of the influence and impact of venture capital firms . Technovation , 17 ( 9 ) : 503 – 511 .
   Web of Science ®Google Scholar
• Fried , V. H. and Hisrich , R. D. 1995 . The venture capitalist: a relationship investor . California Management Review , 37 ( 2 ) : 101 – 113 .
   Web of Science ®Google Scholar
• Giudici , G. and Paleari , S. 2000 . The provision of finance to innovation: a survey conducted among Italian technology-based small firms . Small Business Economics , 14 ( 1 ) : 37 – 53 .
   Web of Science ®Google Scholar
• Glazer , R. 1999 . Winning in smart markets . Sloan Management Review , 4 : 59 – 70 .
   Google Scholar
• Gomez-Mejia , L. R. , Balkin , D. B. and Welbourne , T. M. 1990 . Influence of venture capitalists on high tech management . Journal of High Technology Management Research , 1 ( 1 ) : 103 – 118 .
   Google Scholar
• Gorman , M. and Sahlman , W. A. 1989 . What do venture capitalists do? . Journal of Business Venturing , 4 ( 4 ) : 231 – 248 .
   Web of Science ®Google Scholar
• Greene , P. G. and Brown , T. E. 1997 . Resource needs and the dynamic capitalism typology . Journal of Business Venturing , 12 ( 3 ) : 161 – 173 .
   Web of Science ®Google Scholar
• Greiner , L. E. 1972 . Evolution and revolution as organizations grow . Harvard Business Review , 4 : 37 – 46 .
   Google Scholar
• Hair , J. F. , Anderson , R. E. , Tatham , R. L. and Black , W. C. 1998 . Multivariate Data Analysis , Upper Saddle River, NJ : Prentice Hall .
   Google Scholar
• Hanks , S. , Watson , C. , Jensen , E. and Chandler , G. 1994 . Tightening the life-cycle construct: a taxonomic study of growth stage configurations in high-technology organizations . Entrepreneurship Theory and Practice , 2 : 5 – 29 .
   Google Scholar
• Hoyle , R. H. and Panter , A. T. 1995 . “ Writing about structural equation models ” . In Structural Equation Modeling Concepts, Issues, and Applications , Edited by: Hoyle , R. H. 158 – 176 . Newbury Park, CA : Sage Publications .
   Google Scholar
• Hu , L. T. and Bentler , P. M. 1999 . Cutoff criteria for fit indexes in covariance structure analysis: conventional criteria versus new alternatives . Structural Equation Modelling: A Multidisciplinary Journal , 6 : 1 – 55 .
   Web of Science ®Google Scholar
• Jain , B. A. and Kini , O. 1995 . Venture capitalists' participation and the post-issue operating performance of IPO firms . Managerial and Decision Economics , 16 ( 6 ) : 593 – 606 .
   Google Scholar
• Kirchhoff , B. A. 1994 . Entrepreneurship and Dynamic Capitalism , Westport, CT : Praeger .
   Google Scholar
• Landström , H. 1990 . Co-operation between venture capital companies and small firms . Entrepreneurship and Regional Development , 2 ( 4 ) : 345 – 362 .
   Google Scholar
• Lange , J. E. , Bygrave , W. D. , Nishimoto , S. , Roedel , J. and Stock , W. 2001 . Smart money? The impact of having top venture capital investors and underwriters backing a venture . Venture Capital , 3 ( 4 ) : 309 – 326 .
   Google Scholar
• MacMillan , I. C. , Kulow , M. D. and Khoylian , R. 1988 . Venture capitalists' involvement in their investments: extent and performance . Journal of Business Venturing , 4 : 27 – 47 .
   Web of Science ®Google Scholar
• Manigart , S. and Struyf , C. 1997 . Financing high technology startups in Belgium: an explorative study . Small Business Economics , 9 ( 2 ) : 125 – 135 .
   Web of Science ®Google Scholar
• Mason , C. M. and Harrison , R. T. 1996 . Informal venture capital: a study of the investment process, the post-investment experience and investment performance . Entrepreneurship and Regional Development , 8 ( 2 ) : 105 – 126 .
   Google Scholar
• Mason , C. and Harrison , R. 1999 . Editorial: Venture capital: rationale, aims and scope . Venture Capital , 1 ( 1 ) : 1 – 43 .
   Google Scholar
• Megginsson , W. L. and Weiss , K. A. 1991 . Venture capitalist certification in initial public offerings . Journal of Finance , 46 ( 3 ) : 879 – 903 .
   Web of Science ®Google Scholar
• McGrath , J. E. and Argote , L. 2000 . “ Group processes in organizational contexts ” . In Blackwell Handbook of Social Psychology: Group Processes , Edited by: Hogg , M. A. and Tindale , R. S. Oxford, , UK : Blackwell .
   Google Scholar
• Murray , G. 1996 . A synthesis of six exploratory, European case studies of successfully exited, venture capital-financed, new technology-based firms . Entrepreneurship Theory and Practice , 20 ( 4 ) : 41 – 60 .
   Google Scholar
• Pearce , J. A. and Robinson , R. B. 1982 . Formulation and Implementation of Competitive Strategy , Homewood, IL : Irwin .
   Google Scholar
• Pfeffer , J. and Salancik , G. 1978 . The External Control of Organizations , New York : Harper & Row .
   Google Scholar
• Rangone , A. 1999 . A resource-based approach to strategy analysis in small-medium sized enterprises . Small Business Economics , 3 : 233 – 248 .
   Google Scholar
• Reid , G. C. 1996 . Fast growing small entrepreneurial firms and their venture capital bankers: an applied principal-agent analysis . Small Business Economics , 8 ( 3 ) : 235 – 249 .
   Web of Science ®Google Scholar
• Reid , G. C. 1999 . The application of principal – agent methods to investor – investee relations in the UK venture capital industry . Venture Capital , 1 ( 4 ) : 285 – 302 .
   Google Scholar
• Rosenstein , J. , Bruno , A. V. , Bygrave , W. D. and Taylor , N. T. 1993 . The CEO, venture capitalists, and the board . Journal of Business Venturing , 8 ( 2 ) : 99 – 113 .
   Web of Science ®Google Scholar
• Sapienza , H. J. 1992 . When do venture capitalists add value? . Journal of Business Venturing , 7 ( 1 ) : 9 – 27 .
   Web of Science ®Google Scholar
• Sapienza , H. and Gupta , A. K. 1994 . The impact of agency risks and task uncertainty on venture capitalist – CEO interaction . Academy of Management Journal , 37 ( 5 ) : 1618 – 1632 .
   Google Scholar
• Sapienza , H. J. , Manigart , S. and Vermeir , W. 1996 . Venture capitalist governance and value added in four countries . Journal of Business Venturing , 11 : 439 – 469 .
   Web of Science ®Google Scholar
• Schumpeter , J. A. 1950 . Capitalism, Socialism and Democracy, , 3rd edn , New York : HarperPerrenial .
   Google Scholar
• Steier , L. 1998 . Confounding market and hierarchy in venture capital governance: the Canadian immigrant investor program . Journal of Management Studies , 35 ( 4 ) : 511 – 535 .
   Web of Science ®Google Scholar
• Stevenson , H. H. and Gumpert , D. E. 1985 . The heart of entrepreneurship . Harvard Business Review , 2 : 85 – 94 .
   Google Scholar
• Sweeting , R. C. 1991 . UK venture capital funds and the founding of new technology-based businesses: process and relationships . Journal of Management Studies , 28 ( 6 ) : 601 – 622 .
   Web of Science ®Google Scholar
• Terpstra , D. E. and Olson , P. D. 1993 . Entrepreneurial start-up and growth: a classification of problems . Entrepreneurship Theory and Practice , 3 : 5 – 20 .
   Google Scholar
• Timmons , J. A. and Bygrave , W. D. 1986 . Venture capital's role in financing innovation for economic growth . Journal of Business Venturing , 1 ( 2 ) : 161 – 176 .
   Google Scholar
• Tucker , L. R. and Lewis , C. 1973 . A reliability coefficient for maximum likelihood factor analysis . Psychometrica , 38 : 1 – 10 .
   Web of Science ®Google Scholar
• Widding , L. Ø. 2003 . “ Building knowledge reservoirs in new technology-based firms ” . Bod⊘ Graduate School of Business . Unpublished Dissertation
   Google Scholar
• Widding , L. Ø. 2005 . Building entrepreneurial knowledge reservoirs . Journal of Small Business and Enterprise Development , 12 ( 4 ) : 596 – 612 .
   Google Scholar
• Zook , M. A. 2004 . The knowledge brokers: venture capitalists, tacit knowledge and regional development . International Journal of Urban and Regional Research , 28 ( 3 ) : 621 – 641 .
   Web of Science ®Google Scholar