Determinants of Venture Capital-Backed Firms Performance: A Conceptual Framework
As the intensity increases rapidfy in terms of business competition, it is very necessary to gain a better insight into what factors could influence the performance of venture capital-backed firms, which mil enable venture capitalists to identify viable business opportunities and entrepreneurs to explore competitive advantages. This paper mainfy studies the determinants of venture capital-backed firms performance. The authors develop a conceptual framework for analyzing the impact of different factors on performance of venture capital-backed firms, and propose five hypotheses. Namely, industry growth, internal capabilities, entrepreneurial strategy making, venture capitalists value-added activities and external networks will be positively related to the performance of venture capital-backed firms. Finally, this paper discusses implications of the study and also provides directions for future research. This study provides a platform to future empirical investigation. It will facilitate researchers to go one step further to find out what factors can improve the performance of venture capital-backed firms.
LIU Erli CUI Yi FAN Ronghui
School of Business Administration, South China University of Technology, Guangzhou, P.R..China, 5106 School of Business Administration, South China University of Technology, Guangzhou, P.R..China, 5106
国际会议
2006 Asia-Pacific Services Computing Conference(IEEE亚太地区服务计算会议)
广州
英文
265-271
2006-12-12（万方平台首次上网日期，不代表论文的发表时间）