How venture capitalists respond to unmet expectations: The role of social environment
Publikation/Tidskrift/Serie: Journal of Business Venturing
Förlag: Elsevier Science B.V.
In this paper, we seek to explain venture capitalists' reactions to disappointments caused by entrepreneurs. Our basic assumption is that venture capitalists' social environment, defined as exposure to venture capital and business communities, will influence their responses to problematic situations. The results of our study suggest that venture capitalists with strong ties to their colleagues and with managerial experience are more inclined to use active and constructive approaches than venture capitalists with a lesser exposure to the venture capital and business communities.
- Business and Economics
- social environment
- venture capital
- conflict management
- ISSN: 0883-9026