Investor Type, Cognitive Governance and Performance in Young Entrepreneurial Ventures: A Conceptual Framework
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00642737
Download full text from publisher
Other versions of this item:
- Christophe Bonnet & Peter Wirtz, 2011. "Investor Type, Cognitive Governance and Performance in Young Entrepreneurial Ventures:A Conceptual Framework," Working Papers CREGO 1110301, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
- Christophe Bonnet & Peter Wirtz, 2011. "Investor Type, Cognitive Governance and Performance in Young Entrepreneurial Ventures: A Conceptual Framework," Post-Print halshs-00642737, HAL.
References listed on IDEAS
- Violina P. Rindova, 1999. "What Corporate Boards have to do with Strategy: A Cognitive Perspective," Journal of Management Studies, Wiley Blackwell, vol. 36(7), pages 953-975, December.
- Michael C. Jensen, 2010.
"The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems,"
Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 43-58, January.
- Jensen, Michael C, 1993. "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems," Journal of Finance, American Finance Association, vol. 48(3), pages 831-880, July.
- Michael C. Jensen, 1994. "The Modern Industrial Revolution, Exit, And The Failure Of Internal Control Systems," Journal of Applied Corporate Finance, Morgan Stanley, vol. 6(4), pages 4-23, January.
- Witt, Ulrich, 1998. "Imagination and leadership - The neglected dimension of an evolutionary theory of the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 35(2), pages 161-177, April.
- Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
- Rosenstein, Joseph & Bruno, Albert V. & Bygrave, William D. & Taylor, Natalie T., 1993. "The CEO, venture capitalists, and the board," Journal of Business Venturing, Elsevier, vol. 8(2), pages 99-113, March.
- Thomas Hellmann & Manju Puri, 2002.
"Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence,"
Journal of Finance, American Finance Association, vol. 57(1), pages 169-197, February.
- Hellmann, Thomas F. & Puri, Manju, 2000. "Venture Capital and the Professionalization of Start-up Firms: Empirical Evidence," Research Papers 1661, Stanford University, Graduate School of Business.
- Baker, George P. & Wruck, Karen H., 1989. "Organizational changes and value creation in leveraged buyouts : The case of the O.M. Scott & Sons Company," Journal of Financial Economics, Elsevier, vol. 25(2), pages 163-190, December.
- Richard T. Harrison & Colin M. Mason, 2000. "Venture capital market complementarities: The links between business angels and venture capital funds in the United Kingdom," Venture Capital, Taylor & Francis Journals, vol. 2(3), pages 223-242, July.
- Marianne P. Bitler & Tobias J. Moskowitz & Annette Vissing‐Jørgensen, 2005. "Testing Agency Theory with Entrepreneur Effort and Wealth," Journal of Finance, American Finance Association, vol. 60(2), pages 539-576, April.
- James P. Walsh, 1995. "Managerial and Organizational Cognition: Notes from a Trip Down Memory Lane," Organization Science, INFORMS, vol. 6(3), pages 280-321, June.
- Gérard Charreaux, 2002. "Au-delà de l'approche juridico-financière:le rôle cognitif des actionnaires et ses conséquences sur l'analyse de la structure de propriété et de la gouvernance," Working Papers CREGO 020701, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations, revised Jul 2002.
- Sapienza, Harry J. & Manigart, Sophie & Vermeir, Wim, 1996. "Venture capitalist governance and value added in four countries," Journal of Business Venturing, Elsevier, vol. 11(6), pages 439-469, November.
- Igor Filatotchev & Mike Wright (ed.), 2005. "The Life Cycle of Corporate Governance," Books, Edward Elgar Publishing, number 3718.
- David J. Teece & Gary Pisano & Amy Shuen, 1997. "Dynamic capabilities and strategic management," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 509-533, August.
- Mason, Colin M. & Harrison, Richard T., 2002. "Is it worth it? The rates of return from informal venture capital investments," Journal of Business Venturing, Elsevier, vol. 17(3), pages 211-236, May.
- J. Robert Mitchell & Paul N. Friga & Ronald K. Mitchell, 2005. "Untangling the Intuition Mess: Intuition as a Construct in Entrepreneurship Research," Entrepreneurship Theory and Practice, , vol. 29(6), pages 653-679, November.
- Mark Van Osnabrugge, 2000. "A comparison of business angel and venture capitalist investment procedures: An agency theory-based analysis," Venture Capital, Taylor & Francis Journals, vol. 2(2), pages 91-109, April.
- Busenitz, Lowell W. & Barney, Jay B., 1997. "Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making," Journal of Business Venturing, Elsevier, vol. 12(1), pages 9-30, January.
- repec:bla:jfinan:v:59:y:2004:i:5:p:2177-2210 is not listed on IDEAS
- Hambrick, Donald C. & Crozier, Lynn M., 1985. "Stumblers and stars in the management of rapid growth," Journal of Business Venturing, Elsevier, vol. 1(1), pages 31-45.
- Noel J Lindsay, 2004. "Do business angels have an entrepreneurial orientation?," Venture Capital, Taylor & Francis Journals, vol. 6(2-3), pages 197-210, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Cumming, Douglas & Groh, Alexander Peter, 2018.
"Entrepreneurial finance: Unifying themes and future directions,"
Journal of Corporate Finance, Elsevier, vol. 50(C), pages 538-555.
- Douglas J. Cumming & Alexander Groh, 2018. "Entrepreneurial finance : Unifying themes and future directions," Post-Print hal-02312152, HAL.
- Laurence Cohen & Peter Wirtz, 2022.
"Decision-making style in entrepreneurial finance and growth,"
Small Business Economics, Springer, vol. 59(1), pages 183-210, June.
- Laurence Cohen & Peter Wirtz, 2022. "Decision-making style in entrepreneurial finance and growth," Post-Print hal-03289758, HAL.
- Christophe Bonnet & Laurence Cohen & Peter Wirtz, 2015.
"Angel Cognition and Active Involvement in BAN Governance and Management,"
Working Papers
hal-01182804, HAL.
- Christophe Bonnet & Laurence Cohen & Peter Wirtz, 2015. "Angel Cognition and Active Involvement in BAN Governance and Management," Working paper serie RMT - Grenoble Ecole de Management hal-01182804, HAL.
- Jonathan Labbé, 2017. "Private Equity: Universality of financing and universality of effects on business innovation? A conceptual approach [Capital-investissement : Universalité du financement et universalité des effets ," Post-Print hal-03000109, HAL.
- Linda Bergset, 2015. "The Rationality and Irrationality of Financing Green Start-Ups," Administrative Sciences, MDPI, vol. 5(4), pages 1-26, November.
- Johannes Wallmeroth & Peter Wirtz & Alexander Peter Groh, 2017. "Institutional Seed Financing, Angel Financing, and Crowdfunding of Entrepreneurial Ventures: A Literature Review," Working Papers hal-01527999, HAL.
- Kamran Ahmed Siddiqui & Mohammad Emad Al-Shaikh & Ishtiaq Ahmed Bajwa & Omar Alenzi, 2021. "Venture capital challenges in Saudi Arabia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(3), pages 291-302, March.
- Bonnet, Christophe & Capizzi, Vincenzo & Cohen, Laurence & Petit, Aurelien & Wirtz, Peter, 2022.
"What drives the active involvement in business angel groups? The role of angels' decision-making style, investment-specific human capital and motivations,"
Journal of Corporate Finance, Elsevier, vol. 77(C).
- Christophe Bonnet & Vincenzo Capizzi & Laurence Cohen & Aurélien Petit & Peter Wirtz, 2021. "What drives the active involvement in business angel groups? The role of angels' decision-making style, investment-specific human capital and motivations," Post-Print hal-03188001, HAL.
- Christophe Bonnet & Vincenzo Capizzi & Laurence Cohen & Aurélien Petit & Peter Wirtz, 2021. "What drives the active involvement in business angel groups? The role of angels' decision-making style, investment-specific human capital and motivations," Grenoble Ecole de Management (Post-Print) hal-03188001, HAL.
- Laurence Cohen & Kirsten Burkhardt, 2019. "Entrepreneurs (novices vs. experts) and investors: Interaction and rationality dynamics (effectual vs. causal) [Entrepreneurs (novice vs. expert) et investisseurs : interactions et dynamique des ra," Post-Print hal-02177388, HAL.
- Thomas B. Long & Vincent Blok, 2021. "Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-9, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Peter Wirtz, 2011.
"Beyond Agency Theory: Value Creation and the Role of Cognition in the Relationship Between Entrepreneurs and Venture Capitalists,"
Springer Books, in: Advances in Entrepreneurial Finance, chapter 0, pages 31-43,
Springer.
- Peter Wirtz, 2011. "Beyond Agency Theory: Value Creation and the Role of Cognition in the Relationship Between Entrepreneurs and Venture Capitalists," Post-Print halshs-00642764, HAL.
- Johannes Wallmeroth & Peter Wirtz & Alexander Peter Groh, 2017. "Institutional Seed Financing, Angel Financing, and Crowdfunding of Entrepreneurial Ventures: A Literature Review," Working Papers hal-01527999, HAL.
- Wirtz, Peter, 2011.
"The cognitive dimension of corporate governance in fast growing entrepreneurial firms,"
European Management Journal, Elsevier, vol. 29(6), pages 431-447.
- Peter Wirtz, 2011. "The cognitive dimension of corporate governance in fast growing entrepreneurial firms," Post-Print halshs-00642749, HAL.
- Peter Wirtz, 2009. "Do high-growth entrepreneurial firms have a specific system of governance?," Working Papers CREGO 1090302, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
- Peter Wirtz, 2006.
"Compétences, conflits et création de valeur:vers une approche intégrée de la gouvernance,"
Revue Finance Contrôle Stratégie, revues.org, vol. 9(2), pages 187-201, June.
- Peter Wirtz, 2005. "Compétences, conflits et création de valeur:vers une approche intégrée de la gouvernance," Working Papers CREGO 1050501, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
- Peter Wirtz, 2006. "Compétences, conflits et création de valeur:vers une approche intégrée de la gouvernance," Post-Print halshs-00464649, HAL.
- Nadine Levratto & Luc Tessier & Cecile Fonrouge, 2018. "Business performance and angels presence: a fresh look from France 2008–2011," Small Business Economics, Springer, vol. 50(2), pages 339-356, February.
- Luukkonen, Terttu, 2008. "Different Types of Venture Capital Investors and Value-added to High-Tech Portfolio Firms," Discussion Papers 1149, The Research Institute of the Finnish Economy.
- Miguel Meuleman & Kevin Amess & Mike Wright & Louise Scholes, 2009. "Agency, Strategic Entrepreneurship, and the Performance of Private Equity–Backed Buyouts," Entrepreneurship Theory and Practice, , vol. 33(1), pages 213-239, January.
- Arthurs, Jonathan D. & Busenitz, Lowell W., 2006. "Dynamic capabilities and venture performance: The effects of venture capitalists," Journal of Business Venturing, Elsevier, vol. 21(2), pages 195-215, March.
- Mouna Mrad & Slaheddine Hallara, 2014. "The Relationship Between the Board of Directors and the Performance/Value Creation in a Context of Privatization: The Case of French Companies," Public Organization Review, Springer, vol. 14(1), pages 83-108, March.
- Lohwasser, Todor S., 2020. "Meta-analyzing the relative performance of venture capital-backed firms," Discussion Papers of the Institute for Organisational Economics 4/2020, University of Münster, Institute for Organisational Economics.
- João José M. Ferreira & Cristina I. Fernandes & Vanessa Ratten, 2016. "A co-citation bibliometric analysis of strategic management research," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(1), pages 1-32, October.
- Kirsten Burkhardt, 2011. "Le rôle des sociétés de capital-risque dans la formation d’alliances stratégiques:Une synthèse de littérature - The Role of Venture Capitalists in the Formation of Strategic Alliances:An academic lite," Working Papers CREGO 1111102, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
- Bonini, Stefano & Capizzi, Vincenzo & Valletta, Mario & Zocchi, Paola, 2018. "Angel network affiliation and business angels' investment practices," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 592-608.
- José Martí Pellón & Marina Balboa, 2003. "Characterisation Of The Reputation Of Private Equity Managers: Evidence In Spain," Working Papers. Serie EC 2003-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Mark K. Fiegener, 2005. "Determinants of Board Participation in the Strategic Decisions of Small Corporations," Entrepreneurship Theory and Practice, , vol. 29(5), pages 627-650, September.
- Nicolai J. Foss & Peter G. Klein & Lasse B. Lien & Thomas Zellweger & Todd Zenger, 2021. "Ownership competence," Strategic Management Journal, Wiley Blackwell, vol. 42(2), pages 302-328, February.
- Andy Lockett & Mike Wright & Andrew Burrows & Louise Scholes & Dave Paton, 2008. "The export intensity of venture capital backed companies," Small Business Economics, Springer, vol. 31(1), pages 39-58, June.
- Peter Wirtz, 2003.
"A resource based interpretation of performance enhancing capital structure changes: The O.M. Scott LBO revisited,"
Working Papers CREGO
1030302, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
- Peter Wirtz, 2005. "A Resource Based Interpretation of Performance Enhancing Capital Structure Changes : The O.M. Scott LBO Revisited," Post-Print halshs-00746277, HAL.
- Jonathan D. Arthurs & Lowell W. Busenitz & Robert E. Hoskisson & Richard A. Johnson, 2009. "Firm–Specific Human Capital and Governance in IPO Firms: Addressing Agency and Resource Dependence Concerns," Entrepreneurship Theory and Practice, , vol. 33(4), pages 845-865, July.
More about this item
Keywords
Business Angel; Venture Capitalist; Cognitive Governance; Venture Growth;All these keywords.
JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CSE-2011-12-13 (Economics of Strategic Management)
- NEP-ENT-2011-12-13 (Entrepreneurship)
- NEP-NEU-2011-12-13 (Neuroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:gemptp:halshs-00642737. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.