The Behavioral Theory of the Firm suggests that performance below aspirations triggers problemistic search that can lead to risk taking. This prediction has received empirical support from most studies on the topic. However, this literature has typically focused on the internal determinants of...

In this study, we examine the control and incentive mechanisms of domestic and foreign venture capital (VC) firms in China. Primary findings show that most VC firms use staged capital infusion, value reassessment based on subsequent performance, and other tools reflecting the flexible and...

Extant research shows that resources are significant to a firm's choice of alliance formation. We focus on an important form of intangible resource – firm reputation – and examine how it affects a firm's propensity to form alliances. We propose an inverted U-shaped relationship between a...