Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1003166 | Research in International Business and Finance | 2011 | 19 Pages |
Abstract
Using a unique database of 990 VC-backed Belgian firms, we study whether compatibility between corporate and environmental characteristics matters. We address two questions: (i) Does the interplay of company, industry, and product factors affect the expected returns of the VC-backed firms? (ii) Does the joint compatibility between these factors results in a non-linear increase in performance? Panel data analysis shows a significant influence of factor compatibility on returns. Quantile regression analysis indicates a non-linear relationship between the return and its determinants. Conjoint analysis identifies certain combinations of factors, which collapse into classifiable patterns described in the strategic management literature.
Related Topics
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Business and International Management
Authors
Yan Alperovych, Georges Hübner,