The effects of venture capital investments on industrial innovative opportunities and technological arbitrage opportunities

被引：0
|
作者：
Fangqing Wei
Yi Yang
Yao Chen
Feng Yang
机构：
[1] University of Science and Technology of China,School of Management
[2] University of Massachusetts Lowell,Department of Marketing, Entrepreneurship & Innovation, Jack M. Wilson Center for Entrepreneurship, Manning School of Business
[3] University of Massachusetts Lowell,Department of Operations & Information Systems, Manning School of Business
来源：
Small Business Economics | 2022年 / 58卷
关键词：
New venture entry rates; Innovative opportunities; Technological arbitrage opportunities; Venture capital investments; Industry contextual characteristics; G24; L26; M13; O33;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This study investigates how venture capital (VC) investments flowing into an industry impact both the innovative opportunities and technological arbitrage opportunities presented in the industry. After examining 855 industry-year observations for 45 industries in the USA for 1997–2015, we found that VC investments moderate the effects of new venture entry rates on innovative opportunities and technological arbitrage opportunities at the industry level. Additionally, industry concentration and industry dynamism influence the moderating effects of VC investments on the relationships between new venture entry rates and both types of entrepreneurial opportunities. Our study not only contributes to the growing research on innovative opportunities and technological arbitrage opportunities, it also provides managerial implications for both entrepreneurial companies and policymakers.
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页码：2261 / 2280
页数：19
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