Abstract

Numerous empirical studies investigate the effect of non-financial resources of venture capitalists, but it remains unclear which of these are to what extent beneficial (e.g., Sørensen, 2007). Based on the resource-based view, we shed light on the question which of the resources (“experience”, “reputation”, and “social capital”) are specifically important (Barney, 1991; Echols, 2000). We deduct a coherent set of hypotheses modeling the correlation between the provision of venture capitalists’ resources and different categories of success (Venkatraman and Ramanujam, 1986). By a meta-analytic approach, we assess which resource is particularly helpful for start-ups’ performance enhancement.

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