This study is an attempt to explain how therelationship between a venture capital firm (VCF) and its portfolio companies(PFCs) affects the VCF's perception of PFC performance. A discussion ofrelational capital and the relationship between trust and perceived performanceleads to the formulation...

In this study, longitudinal data are used to examine theeffects of venture capital firms' (VCFs) investment strategies on the failurerates in their portfolios. Particular attention is paid to two specificstrategic choices faced by VCFs—the choice to develop specialized expertise andthe choice...

Using a knowledge-based perspective, we examine determinants of outcomes of venture capital investments. We focus on the effects on investment performance of venture capital firms' (VCFs') (1) specialization in terms of industry and development stage and (2) involvement in investment syndicates....

In this study we examine when venture capital firms (VCFs) learn from their portfolio companies (PFCs). Relying primarily on learning and behavioral theories, we develop hypotheses regarding the effects of prior experience, knowledge overlap, trust, and PFC performance on learning by VCFs. We...

Research has identified the means by which venture capitalists (VCs) in the United States add value to their portfolio firms beyond money. The venture capital industry has expanded into other nations, and this study explores the relations of venture capitalists with their portfolio firms in the...

Explores when and if venture capitalists add value to the firms that they back. Focus in this analysis is on context and the venture capitalist-CEO relationship. Value is considered from the viewpoint of the venture's CEO and the lead venture capital investor. Data used were collected through...