IES Management College And Research Centre

The Dynamics of Advice Giving by Venture Capital Firms: Antecedents of Managerial Cognitive Effort (Record no. 52475)

MARC details
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005 - DATE AND TIME OF LATEST TRANSACTION
control field 20190821170022.0
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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Bacon-Gerasymenko, Violetta
9 (RLIN) 34310
245 ## - TITLE STATEMENT
Title The Dynamics of Advice Giving by Venture Capital Firms: Antecedents of Managerial Cognitive Effort
300 ## - PHYSICAL DESCRIPTION
Extent 1660-1688 p.
520 ## - SUMMARY, ETC.
Summary, etc This study investigates what leads managers to allocate constrained cognitive effort toward new versus familiar aspects of a business. Specifically, we explore advice giving by venture capital firms (VCs) to their portfolio companies, distinguishing between business topics on which a VC has advised other ventures in the past and topics new to the VC that may be outside its areas of expertise. We use both demand-side (venture-driven) and supply-side (VC-driven) perspectives to offer a novel theory about the antecedents of cognitive effort underlying advice giving. Empirical tests in a unique data set of French VCs show that both perspectives explain important aspects of advice-giving dynamics for VCs. VCs facing dynamic environments and capacity constraints strongly respond to stimuli from ventures, but VCs also adjust their behavior as they accumulate experience in ways that reflect both expanding confidence in their ability to add value and concerns about overextension of their efforts, depending on the valence of VC experience. Our findings provide important insights to the antecedents of cognitive effort and to research on the VC–venture relationship by exploring the dynamics of how advice-giving relationships evolve over time as VCs gain experience.
653 ## - INDEX TERM--UNCONTROLLED
Uncontrolled term Managerial cognitive effort, , , ,
Uncontrolled term Managerial cognition
Uncontrolled term Advice giving
Uncontrolled term Venture capital
Uncontrolled term Learning from experience
Uncontrolled term Cognitive constraints
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Eggers, J. P.
9 (RLIN) 33181
773 0# - HOST ITEM ENTRY
Host Biblionumber 29017
Host Itemnumber 74854
Main entry heading DEBORAH E. RUPP
Place, publisher, and date of publication WEST LAFAYETTE SAGE PUBLICATION 2012
Other item identifier 55510430
Title JOURNAL OF MANAGEMENT
International Standard Serial Number 0149-2063
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Journal Article
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Date acquired Total Checkouts Full call number Barcode Date last seen Price effective from
    Dewey Decimal Classification     Main Library Main Library 21/08/2019   Vol 45, Issue 4/ 55510430JA13 55510430JA13 21/08/2019 21/08/2019

Circulation Timings: Monday to Saturday: 8:30 AM to 9:30 PM | Sundays/Bank Holiday during Examination Period: 10:00 AM to 6:00 PM