(The) impact of reputation on rival's dynamics of choices: evidence from venture capital명성이 경쟁자의 선택에 미치는 영향에 대한 연구: 벤처캐피탈 관점에서

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Much previous work on competitive dynamics remains limited to homogeneous inter-firm rivalry as to how firms compete and its impact on organizational performance. This study examines heterogeneous rivalry by reputation as the primary competitive force to elicit responses on rivals in market destabilization. To test the hypotheses, we use the AVCJ investment data of venture capital firms from 1994 to 2015. The results show that investment choices by reputation in the market entry impact the rivals to invest smaller amounts in a greater number of companies. Moreover, competitive pressure of reputation drive rivals less likely to diversify into the target industry, which in turn influences rivals’ IPO performance positively. These findings contribute a new theoretical lens to competitive dynamics, highlighting the important role of heterogeneous competitive tension in the VC industries.
Advisors
Kim, Wonjoonresearcher김원준researcher
Description
한국과학기술원 :기술경영학부,
Publisher
한국과학기술원
Issue Date
2021
Identifier
325007
Language
eng
Description

학위논문(석사) - 한국과학기술원 : 기술경영학부, 2021.8,[iii, 29 p. :]

Keywords

Competitive dynamics▼aReputation▼aVenture capital▼aInvestment▼aMarket entry; 경쟁 역학▼a명성▼a벤처캐피탈▼a투자▼a시장진입

URI
http://hdl.handle.net/10203/295062
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=964746&flag=dissertation
Appears in Collection
MG-Theses_Master(석사논문)
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