Cookies

We use cookies to ensure that we give you the best experience on our website. By continuing to browse this repository, you give consent for essential cookies to be used. You can read more about our Privacy and Cookie Policy.


Durham Research Online
You are in:

The influence of the venture capitalist's governance activities on the entrepreneurial firm's control systems and performance.

Wijbenga, F. H. and Postma, T. J. B. M. and Stratling, R. (2007) 'The influence of the venture capitalist's governance activities on the entrepreneurial firm's control systems and performance.', Entrepreneurship theory and practice., 31 (2). pp. 257-277.

Abstract

Venture capitalists (VCs) contribute to entrepreneurial firms by engaging in governance activities, such as providing services and monitoring the entrepreneurial firm's operations and performance. This study examines the role and influence of the VC's governance activities on 93 Dutch entrepreneurial firms. Results suggest that while the VC's governance activities may help to stimulate the use of the entrepreneurial firm's control systems, they also moderate the relationship between the entrepreneurial firm's use of control systems and its financial performance. It appears in particular that cost control systems contribute positively to the entrepreneurial firm's financial performance when the VC provides service activities. However, the use of cost control systems tends to be negatively related to the entrepreneurial firm's financial performance when the VC is highly focused on monitoring.

Item Type:Article
Additional Information:
Full text:Full text not available from this repository.
Publisher Web site:http://dx.doi.org/10.1111/j.1540-6520.2007.00172.x
Record Created:28 Mar 2007
Last Modified:08 Apr 2009 16:28

Social bookmarking: del.icio.usConnoteaBibSonomyCiteULikeFacebookTwitterExport: EndNote, Zotero | BibTex
Usage statisticsLook up in GoogleScholar | Find in a UK Library