This paper extends recent research studying biases in venture capitalist's decision-making. We
contribute to this literature by analyzing biases arising due to similarity between a venture capitalist
and members of a venture team. We summarize the psychological foundations of such similarity
effects and derive a set of hypotheses regarding the impact of similarity on the assessement of team
quality. Using data from a conjoint experiment with 51 respondents, we find that venture capitalists
tend to favor teams that are similar to themselves w.r.t. the type of training and professional
experience. Our results have important implications for academics and practitioners alike. (authors' abstract)
| Identifer | oai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:3113 |
| Date | January 2006 |
| Creators | Franke, Nikolaus, Gruber, Marc, Harhoff, Dietmar, Henkel, Joachim |
| Publisher | Elsevier |
| Source Sets | Wirtschaftsuniversität Wien |
| Language | English |
| Detected Language | English |
| Type | Article, PeerReviewed |
| Format | application/pdf |
| Relation | http://dx.doi.org/10.1016/j.jbusvent.2005.07.001, http://www.elsevier.com, http://www.elsevier.com/wps/find/journaldescription.cws_home/505723/description#description, http://epub.wu.ac.at/3113/ |
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