000			01829naa a2200205uu 4500
001			10446
003			OSt
005			20190211155040.0
008			030123s1999 xx ||||gr |0|| 0 eng d
100	1		_aSTUART, Toby E _910412
245	1	0	_ainterorganizational endorsements and the performance of entrepreneurial ventures
260			_aIthaca : _bJohnson Graduate School of Management, _cJune 1999
520	3		_aThis paper investigates how the interorganizational networks of young companies affect their ability to acquire the resouces necessary for survival and growth. We propose that, faced with great uncertainty about the quality of young companies, thir parties rely on the prominence of the affiliates of those companies to make judgements about their quality and that yound companies "endorsed" by prominent exchange partners will performance better than other wise comparable ventures that lack prominet associates. Results of an empirical examination of the rate of initial public offering (IPO) and the market caitalization at IPO of the members of a large sample of venture-caital-backed biotechnology firms show that privately held biotech firms with prominent strategic alliance partners and organiazational eqity investors go to IPO faster and earn greater valuations at IPO than firms that lack such connections. We also empiriaclly demonstrate that muchof the benefit of having prominent affiliates stems from the transfer of status that is an inherent b product of interorganizational associations
700	1		_aHOANG,Ha _919527
700	1		_aHYBELS, Ralph _919528
773	0	8	_tAdministrative Science Quarterly _g44, 2, p. 315-349 _dIthaca : Johnson Graduate School of Management, June 1999 _xISSN 00018392 _w
942			_cS
998			_a20030123 _bCassio _cCassio
998			_a20101027 _b1629^b _cCarolina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c10572 _d10572
041			_aeng