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 |
| Date accepted: | No date available |
| Date deposited: | No date available |
| Date of first online publication: | 01 January 1970 |
| Date first made open access: | No date available |
Save or Share this output
| Export: | |
| Look up in GoogleScholar |
