Understanding Diversification Strategy in Venture Capital Market

References

Ahuja, G., and R.Katila. 2001. “Technological Acquisition and the Innovation Performance of Acquiring Firms: A Longitudinal Study.” Strategic Management Journal22(3):197–220.10.1002/smj.157Search in Google Scholar

Barnett, W. P., H. R.Greve, and D. Y.Park. 1994. “An Evolutionary Model of Organizational Performance.” Strategic Management Journal15 (Winter Special Issue):11–28.10.1002/smj.4250150903Search in Google Scholar

Bodie, Z., A.Kane, and A. J.Marcus. 2002. Investments. New York: McGraw-Hill Companies.Search in Google Scholar

Busenitz, L. W., and J. B.Barney. 1997. “Differences between Entrepreneurs and Managers in Large Organizations: Biases and Heuristics in Strategic Decision-Making.” Journal of Business Venturing12(1):9–30.10.1016/S0883-9026(96)00003-1Search in Google Scholar

Clercq, D. D., and D.Dimov. 2008. “Internal Knowledge Development and External Knowledge Access in Venture Capital Investment Performance.” Journal of Management Studies45(3):585–612.10.1111/j.1467-6486.2007.00747.xSearch in Google Scholar

Clercq, D. D., V. H.Fried, O.Lehtonen, and H. J.Sapienza. 2006. “An Entrepreneur’s Guide to the Venture Capital Galaxy.” Academy of Management Perspective20(3):90–112.10.5465/amp.2006.21903483Search in Google Scholar

Clercq, D. D., and H. J.Sapienza. 2005. “When Do Venture Capital Firms Learn From Their Portfolio Companies?” Entrepreneurship Theory and Practice29(4):517–35.10.1111/j.1540-6520.2005.00096.xSearch in Google Scholar

Fern, M. J., L. B.Cardinal, and H. M.O’Neill. 2012. “The Genesis of Strategy in New Ventures: Escaping the Constraints of Founder and Team Knowledge.” Strategic Management Journal33(4):427–47.10.1002/smj.1944Search in Google Scholar

Fitza, M. A., S. F.Matusik, and E.Mosakowski. 2009. “Do VCs Matters? The Importance of Owners on Performance Variance in Start-up Firms.” Strategic Management Journal30:387–404.10.1002/smj.748Search in Google Scholar

Fried, V. H., and R. D.Hisrich. 1994. “Toward a Model of Venture Capital Investment Decision Making.” Financial Management23(3):28–37.10.2307/3665619Search in Google Scholar

Gavetti, G., D.Levinthal, and J.Rivkin. 2005. “Strategy-Making in Novel and Complex Worlds: The Power of Analogy.” Strategic Management Journal26(8):691–712.10.1002/smj.475Search in Google Scholar

Grant, R. M.1996. “Prospering in Dynamically-Competitive Environments: Organizational Capability as Knowledge Integration.” Organization Science74(4):375–87.10.1287/orsc.7.4.375Search in Google Scholar

Greene, W. H.2008. Econometric Analysis, 6th ed. Upper Saddle River, NJ: Prentice Hall.Search in Google Scholar

Gupta, A. K., and H. J.Sapienza. 1992. “Determinants of Venture Capital Firms’ Preferences Regarding the Industry Diversity and Geographic Scope of Their Investments.” Journal of Business Venturing7(5):347–62.10.1016/0883-9026(92)90012-GSearch in Google Scholar

Heeley, M., and S. F.Matusik. 2006. “Corporate Scope and Knowledge Creation: The Effect of Technological Diversity on Firm Platform and Incremental Inventive Value.” Working Paper. Golden, CO: Colorado School of Mines.Search in Google Scholar

Hill, C. W., and R. E.Hoskisson. 1987. “Strategy and Structure in the Multiproduct Firm.” Academy of Management Review12(2):231–341.10.2307/258539Search in Google Scholar

Hisrich, R. D., M. P.Peters, and D. A.Shepherd. 2008. Entrepreneurship, 7th ed. New York: McGraw-Hill Companies.Search in Google Scholar

Hitt, M. A., R. D.Ireland, and R. E.Hoskisson. 2010. Strategic Management: Competitiveness and Globalization, 9th ed. Mason, OH: South-Western Cengage Learning.Search in Google Scholar

Hsu, D.2004. “What Do Entrepreneurs Pay for Venture Capital Affiliation?” Journal of Finance59(4):1805–44.10.1111/j.1540-6261.2004.00680.xSearch in Google Scholar

Ingram, P., and J.Baum. 1997. “Opportunity and Constraint: Organizations’ Learning From the Operating and Competitive Experience of Industries.” Strategic Management Journal18 (Summer Special Issue):75–98.10.1002/(SICI)1097-0266(199707)18:1+<75::AID-SMJ922>3.0.CO;2-6Search in Google Scholar

Kaplan, S. N., and A.Schoar. 2005. “Private Equity Performance: Returns, Persistence, and Capital Flows.” The Journal of FinanceLX(4):1791–823.Search in Google Scholar

Knight, F. H.1921. Risk, Uncertainty and Profit. New York: Houghton Mifflin.Search in Google Scholar

Lane, P. J., and M.Lubatkin. 1998. “Relative Absorptive Capacity and Interorganizational Learning.” Strategic Management Journal19(5):461–77.10.1002/(SICI)1097-0266(199805)19:5<461::AID-SMJ953>3.0.CO;2-LSearch in Google Scholar

March, J.1991. “Exploration and Exploitation in Organizational Learning.” Organization Science2(1):71–81.10.1287/orsc.2.1.71Search in Google Scholar

Matusik, S. F., and M. A.Fitza. 2012. “Diversification in the Venture Capital Industry: Leveraging Knowledge Under Uncertainty.” Strategic Management Journal33(4):407–26.10.1002/smj.1942Search in Google Scholar

Meyer, M. H., and F. G.Crane. 2011. Entrepreneurship: An Innovator’s Guide to Startups and Corporate Ventures. Thousand Oaks, CA: Sage.Search in Google Scholar

Norton, E., and B.Tenenbaum. 1993. “Specialization versus Diversification as a Venture Capital Investment Strategy.” Journal of Business Venturing8(5):431–42.10.1016/0883-9026(93)90023-XSearch in Google Scholar

Palepu, K.1985. “Diversification Strategy, Profit Performance and the Entropy Measure.” Strategic Management Journal6(3):239–55.10.1002/smj.4250060305Search in Google Scholar

Palich, L. E., L. B.Cardinal, and C. C.Miller. 2000. “Curvilinearity in the Diversification-Performance Linkage: An Examination of Over Three Decades of Research.” Strategic Management Journal21(2):155–74.10.1002/(SICI)1097-0266(200002)21:2<155::AID-SMJ82>3.0.CO;2-2Search in Google Scholar

Paul, S., G.Whittam, and J.Wyper. 2007. “Towards a Model of the Business Angel InvestmentProcess.” Venture Capital: An International Journal of Entrepreneurial Finance9(2):107–25.10.1080/13691060601185425Search in Google Scholar

Sapienza, H. J.1992. “When Do Venture Capitalists Add Value?” Journal of Business Venturing7(1):9–27.10.1016/0883-9026(92)90032-MSearch in Google Scholar

Shane, S., and D.Cable. 2002. “Network Ties, Reputation, and the Financing of New Ventures.” Management Science48(3):364–81.10.1287/mnsc.48.3.364.7731Search in Google Scholar

Stevenson, H. H., and M. J.Roberts. 2006. “New Venture Financing.” Harvard Business School Cases 9-802-131.Search in Google Scholar

Tabachnick, B. G., and L. S.Fidell. 2007. Using Multivariate Statistics, 5th ed. Boston, MA: Pearson.Search in Google Scholar

Tyebjee, T. T., and A. V.Bruno. 1984. “A Model of Venture Capital Investment Activity.” Management Science30(9):1051–66.10.1287/mnsc.30.9.1051Search in Google Scholar

Uotila, J., M.Maula, T.Keil, and S.Zahra. 2009. “Exploration, Exploitation, and Financial Performance: Analysis of S&P 500 Corporations.” Strategic Management Journal30(2):221–31.10.1002/smj.738Search in Google Scholar

Wright, M., and A.Lockett. 2003. “The Structure and Management of Alliances: Syndication in the Venture Capital Industry.” Journal of Management Studies40(8):2073–104.10.1046/j.1467-6486.2003.00412.xSearch in Google Scholar

Wright, M., and K.Robbie. 1998. “Venture Capital and Private Equity: A Review and Synthesis.” Journal of Business Finance and Accounting25(5–6):521–69.10.1111/1468-5957.00201Search in Google Scholar