| Author: | Riquelme, H. Watson, J. |
| Title: | Do Venture Capitalists Implicit Theories on New Business Success/Failure have Empirical Validity? |
| Journal: | International Small Business Journal
2002 : NOV, VOL. 20:4, p. 395-420 |
| Index terms: | DECISION RULES SUCCESS VENTURE CAPITAL |
| Language: | eng |
| Abstract: | In assessing new business proposals, venture capitalists rely on their own implicit theories (beliefs) about the attributes that a potentially successful business should possess. From these 'commonsense theories' venture capitalists develop decision rules to assess the potential viability of new business proposals. Although identifying these selection criteria is important, it is also important determine whether the criteria actually work; that is, if they are related to future business success. Despite a call for such confirmatory research, there have only been a handful of studies to date that have attempted to validate and analyses previous empirical studies examining the reasons for small and medium-enterprise success and failure. |
SCIMA