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Bedeutung der VC-Finanzierung für die Legitimierung junger Unternehmen - Ergebnisse einer empirischen Studie

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  • Siegrun Brink

    (Schumpeter School of Business and Economics, Bergische Universität Wuppertal)

Abstract

This paper reviews the impact of legitimacy on new ventures and explores the overlap between two similar constructs, legitimacy and reputation. A positive organizational reputation can be crucial to successful venture development. Building on the idea that reputation is socially constructed, this paper depicts reputation as the outcome of the process of legitimation. In this context the study investigates the influence of venture capital and the relationship among venture capital finance and venture’s reputation. Results of the empirical study reveal a correlation between venture capital finance and the organizational reputation and legitimation of start-ups.

Suggested Citation

  • Siegrun Brink, 2009. "Bedeutung der VC-Finanzierung für die Legitimierung junger Unternehmen - Ergebnisse einer empirischen Studie," Schumpeter Discussion Papers sdp09010, Universitätsbibliothek Wuppertal, University Library.
    • Handle: RePEc:bwu:schdps:sdp09010
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    References listed on IDEAS

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    More about this item

    Keywords

    Legitimation; Legitimität; Reputation; Institutionalismus; Venture Capital;
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