Bedeutung der VC-Finanzierung für die Legitimierung junger Unternehmen - Ergebnisse einer empirischen Studie

Siegrun Brink

No sdp09010, Schumpeter Discussion Papers from Universitätsbibliothek Wuppertal, University Library

Abstract: This paper reviews the impact of legitimacy on new ventures and explores the overlap between two similar constructs, legitimacy and reputation. A positive organizational reputation can be crucial to successful venture development. Building on the idea that reputation is socially constructed, this paper depicts reputation as the outcome of the process of legitimation. In this context the study investigates the influence of venture capital and the relationship among venture capital finance and venture’s reputation. Results of the empirical study reveal a correlation between venture capital finance and the organizational reputation and legitimation of start-ups.

Keywords: Legitimation; Legitimität; Reputation; Institutionalismus; Venture Capital (search for similar items in EconPapers)
Pages: 26
Date: 2009-10
New Economics Papers: this item is included in nep-ent and nep-ger
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