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Path-dependent evolution versus intentional management of investment ties in science-based entrepreneurial firms

Tom Vanacker UGent, Sophie Manigart UGent and Miguel Meuleman UGent (2014) ENTREPRENEURSHIP THEORY AND PRACTICE. 38(3). p.671-690
abstract
This paper studies the role of entrepreneurs in investment tie formation in science-based entrepreneurial firms. Specifically, we address why investment tie formation is path dependent for some firms but more amenable to intentional management for others. Using longitudinal case studies, our evidence suggests that early investment tie formation is path dependent because scientific entrepreneurs typically approach only one or a few prospective investors from within their institutional context. Differences in experience between early investors affect the professionalization of entrepreneurial teams (or lack thereof), which influences the extent to which subsequent investment tie formation becomes more amenable to intentional management or remains path dependent.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
TEAMS, SYNDICATION, COMPETENCE, PERFORMANCE, NETWORK TIES, START-UPS, SELECTION, IMPACT, VENTURE CAPITAL-INVESTMENT, TECHNOLOGY VENTURES
journal title
ENTREPRENEURSHIP THEORY AND PRACTICE
volume
38
issue
3
pages
671 - 690
Web of Science type
Article
Web of Science id
000334042100009
JCR category
BUSINESS
JCR impact factor
3.144 (2014)
JCR rank
15/115 (2014)
JCR quartile
1 (2014)
ISSN
1042-2587
DOI
10.1111/etap.12007
language
English
UGent publication?
yes
classification
A1
copyright statement
I have transferred the copyright for this publication to the publisher
id
3143959
handle
http://hdl.handle.net/1854/LU-3143959
date created
2013-02-26 12:04:33
date last changed
2017-09-29 07:53:22
@article{3143959,
  abstract     = {This paper studies the role of entrepreneurs in investment tie formation in science-based entrepreneurial firms. Specifically, we address why investment tie formation is path dependent for some firms but more amenable to intentional management for others. Using longitudinal case studies, our evidence suggests that early investment tie formation is path dependent because scientific entrepreneurs typically approach only one or a few prospective investors from within their institutional context. Differences in experience between early investors affect the professionalization of entrepreneurial teams (or lack thereof), which influences the extent to which subsequent investment tie formation becomes more amenable to intentional management or remains path dependent.},
  author       = {Vanacker, Tom and Manigart, Sophie and Meuleman, Miguel},
  issn         = {1042-2587},
  journal      = {ENTREPRENEURSHIP THEORY AND PRACTICE},
  keyword      = {TEAMS,SYNDICATION,COMPETENCE,PERFORMANCE,NETWORK TIES,START-UPS,SELECTION,IMPACT,VENTURE CAPITAL-INVESTMENT,TECHNOLOGY VENTURES},
  language     = {eng},
  number       = {3},
  pages        = {671--690},
  title        = {Path-dependent evolution versus intentional management of investment ties in science-based entrepreneurial firms},
  url          = {http://dx.doi.org/10.1111/etap.12007},
  volume       = {38},
  year         = {2014},
}

Chicago
Vanacker, Tom, Sophie Manigart, and Miguel Meuleman. 2014. “Path-dependent Evolution Versus Intentional Management of Investment Ties in Science-based Entrepreneurial Firms.” Entrepreneurship Theory and Practice 38 (3): 671–690.
APA
Vanacker, T., Manigart, S., & Meuleman, M. (2014). Path-dependent evolution versus intentional management of investment ties in science-based entrepreneurial firms. ENTREPRENEURSHIP THEORY AND PRACTICE, 38(3), 671–690.
Vancouver
1.
Vanacker T, Manigart S, Meuleman M. Path-dependent evolution versus intentional management of investment ties in science-based entrepreneurial firms. ENTREPRENEURSHIP THEORY AND PRACTICE. 2014;38(3):671–90.
MLA
Vanacker, Tom, Sophie Manigart, and Miguel Meuleman. “Path-dependent Evolution Versus Intentional Management of Investment Ties in Science-based Entrepreneurial Firms.” ENTREPRENEURSHIP THEORY AND PRACTICE 38.3 (2014): 671–690. Print.