The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Networking as a Barrier to Entry and the Competitive Supply of Venture Capital
Open accessAbstract
We examine whether strong networks among incumbent venture capitalists (VCs) in local markets help restrict entry by outside VCs, thus improving incumbents' bargaining power over entrepreneurs. More densely networked markets experience less entry, with a one‐standard deviation increase in network ties among incumbents reducing entry by approximately one‐third. Entrants with established ties to target‐market incumbents appear able to overcome this barrier to entry; in turn, incumbents react strategically to an increased threat of entry by freezing out any incumbents who facilitate entry into their market. Incumbents appear to benefit from reduced entry by paying lower prices for their deals.
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Cites
Instrumental Variables Regression with Weak Instruments
Staiger, D., & Stock, J. H. (1997) · Econometrica · doi:10.2307/2171753 · Cited by 7,081
Instrumental Variables Regression with Weak Instruments
Staiger, D., & Stock, J. (1994) · doi:10.3386/t0151 · Cited by 5,302
Syndicated investments by venture capital firms: A networking perspective
Bygrave, W. D. (1987) · Journal of Business Venturing · doi:10.1016/0883-9026(87)90004-8 · Cited by 386
Cited by
Drover, W., Busenitz, L., Matusik, S., Townsend, D., Anglin, A., & Dushnitsky, G. (2017) · Journal of Management · doi:10.1177/0149206317690584 · Cited by 629
Political Connections and Allocative Distortions
SCHOENHERR, D. (2019) · The Journal of Finance · doi:10.1111/jofi.12751 · Cited by 328
Freiburg, M., & Grichnik, D. (2013) · Journal of Behavioral Finance · doi:10.1080/15427560.2013.791295 · Cited by 16
Metadata
- Authors
- HOCHBERG, Y. V., LJUNGQVIST, A., & LU, Y.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2010-05-07
- Volume
- 65
- Issue
- 3
- Pages
- 829-859
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3124419923
- Cited by
- 351
- References
- 3
- FWCI
- 84.41
- Type
- journal article
- Language
- en
- Open access
- green
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- HOCHBERG, Y. V., LJUNGQVIST, A., & LU, Y. (2010). Networking as a Barrier to Entry and the Competitive Supply of Venture Capital. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2010.01554.x
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
