The impact of early imprinting on the evolution of new venture networks |
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Authors: | Hana Milanov Stephanie A Fernhaber |
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Institution: | 1. Instituto de Empresa, Pinar 7, Bajo, 28006 Madrid, Spain;2. Iowa State University, College of Business, 3212 Gerdin Business Building, Ames, IA 50011-1350, United States |
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Abstract: | Given the argued importance of networks to new ventures, this paper is intended to fill a noted gap in the literature pertaining to the factors that influence the evolution of new ventures' alliance networks. Drawing on the imprinting literature, we propose that one has to look beyond the first partner per se, and instead focus on the extant relationships the initial partner has with other firms. More specifically, we argue and find that the network size and centrality of a new venture's initial alliance partner influence the subsequent size of the new venture's network. |
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Keywords: | Networks New ventures Imprinting Panel Data |
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