Research on open innovation (OI) has demonstrated the benefits of openness for firm processes, but studies have mostly offered cross-sectional insights incumbent firms. This study offers a more dynamic perspective relevance OI nascent ventures. Combining entrepreneurship and theories, we argue that it is key resource-scarce ventures to achieve critical venture-creation milestones. While can hel...

Reputation of a venture capitalist (VC) is based on experience, expertise and past performance. We investigate the relation between VC reputation measures and both the probability of future IPOs and their long-run performance. We measure long-run firm performance following three widely used approaches, namely industry-adjusted operating performance, market-to-book ratio, and long-run listing su...

In the past decade, technological advancements have led to changes in the economy with important implications for the strategic management of new ventures. In this paper, we argue that the dynamics of competition, success, and failure for new ventures have been significantly altered by the convergence of electronic technologies and the growing importance of knowledge-based assets. We proceed fr...

This paper sets out to analyze the modes of ‘venture learning’, which is defined as the process whereby knowledge is acquired on how to identify, develop and exploit business opportunities and the associated ventures. The context of learning discussed here is that of high technology ventures, and the ways in which certain types of venture relevant knowledge is acquired and transferred by ventur...

Explaining how entrepreneurs overcome information asymmetry between themselves and potential investors to obtain financing is an important issue for entrepreneurship research. Our premise is that economic explanations for venture finance, which do not consider how social ties influence this process, are undersocialized and incomplete. However, we also argue that organization theoretic arguments...

Drawing on environmental determinism and environmental management perspectives, this study examines the roles of strategy in the relationship between environment and performance in new ventures. With data from 184 ventures in China’s high technology industries, I found that new venture strategies play differential roles in dealing with different environmental dimensions to affect performance. I...