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1 juin 2003
- handle: 10670/1.h3aai8
- hal: hal-02276699
info:eu-repo/semantics/OpenAccess
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Michael Lubatkin et al., « A social capital model of high growth ventures », HAL-SHS : économie et finance, ID : 10670/1.h3aai8
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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.