000 01571naa a2200205uu 4500
001 0042611155337
003 OSt
005 20190211171158.0
008 100426s2009 xx ||||gr |0|| 0 eng d
100 1 _aKIRSCH, David
_939647
245 1 0 _aFrom or substance :
_bthe role of business plans in venture capital decision making
260 _aBognor Regis :
_bWiley-Blackwell,
_cMay 2009
520 3 _aWe explore a well-known instance of fast decision making under high uncertainty, venture capital (VC) opportunity screening. We analyze a sample of 722 funding requests submitted to an American VC firm and evaluate the influence of the form of the submission and content of business planning documents on VC funding decisions. We improve on prior literature by a) using a large sample of known representativeness, b) relating request characteristics to actual VC decisions, and c) developing an inferential logic that takes account of the multiple sources of information to which VCs have access. We find that the presence of planning documents and some information contained therein are weakly associated with VC funding decisions. Based on our inferential strategy, we find that this information is learned independently of its inclusion in the business planning documents.
700 1 _aGOLDFARB, Brent
_939648
700 1 _aGERA, Azi
_939649
773 0 8 _tStrategic Management Journal
_g30, 5, p. 487-515
_dBognor Regis : Wiley-Blackwell, May 2009
_xISSN 01432095
_w
942 _cS
998 _a20100426
_b1115^b
_cDaiane
998 _a20100428
_b1705^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c32570
_d32570
041 _aeng