We use social capital theory to explain how human and social capital affect a venture's ability to accumulate financial capital during its growth stages (before an initial public offering) and its performance during the two-year period after going public. Consistent with theory, data drawn from a sample of 275 ventures that went public indicate that social capital leverages the productivity of a venture's resource base and provides the venture with a durable source of competitive advantage.
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Univ S Florida, Muma Coll Business, Ctr Entrepreneurship, Tampa, FL 33620 USAUniv S Florida, Muma Coll Business, Ctr Entrepreneurship, Tampa, FL 33620 USA
Hechavarria, Diana
Bullough, Amanda
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Univ Delaware, Alfred Lerner Coll Business & Econ, Newark, DE 19716 USAUniv S Florida, Muma Coll Business, Ctr Entrepreneurship, Tampa, FL 33620 USA
Bullough, Amanda
Brush, Candida
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Babson Coll, Blank Ctr Entrepreneurship, Entrepreneurship, Babson Pk, MA 02157 USAUniv S Florida, Muma Coll Business, Ctr Entrepreneurship, Tampa, FL 33620 USA