Individualism and Venture Capital: A Cross-Country Study

Gantenbein, Pascal; Kind, Axel; Volonté, Christophe

doi:10.1007/s11575-019-00394-7

Cited by 21 publications

(11 citation statements)

References 154 publications

(174 reference statements)

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“…In their research, Cumming, Henriques, and Sadorsky (2016) show a positive and statistically significant interaction between uncertainty avoidance and governance (regulatory) quality, indicating that uncertainty avoidance moderates the effect of governance quality on venture capital deals. Finally, in another multicountry study, Gantenbein, Kind, and Volonté (2019) show that uncertainty avoidance and governance quality (rule of law) mediate the effect of other cultural variables on venture capital investments.…”

Section: Governance Quality's Moderating Effectmentioning

confidence: 81%

The Firm Value and Marketing Intensity Decision in Conditions of Financial Constraint: A Comparative Study of the United States and Latin America

Palomino-Tamayo¹,

Timaná²,

Fernández³

2020

Journal of International Marketing

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Marketing managers generally have to make marketing decisions under financial constraints (i.e., the firm’s inability to generate cash flow for investments and marketing), with limited assurance of the outcomes. Little investigation has been made into the effect of financial constraints on marketing intensity and the subsequent effect on firm value and performance, particularly when it is a volatile environment (e.g., Latin America) that creates the financial constraints. Using a conceptual framework grounded in agency theory, the authors develop a model and test it using a panel data set from the United States and five Latin American countries. The results indicate that financial constraints have a negative effect on marketing intensity and ultimately negatively affect firm value and performance. Furthermore, this study confirms the effect of three moderators—market sensitivity, country governance quality, and country economic development distance—on the relationship between financial constraint and marketing intensity and helps explain differences across the United States and Latin America.

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Section: Governance Quality's Moderating Effectmentioning

confidence: 81%

The Firm Value and Marketing Intensity Decision in Conditions of Financial Constraint: A Comparative Study of the United States and Latin America

Palomino-Tamayo¹,

Timaná²,

Fernández³

2020

Journal of International Marketing

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“…On the other hand, in Japan, entrepreneurship may occur in existing corporations and may be driven by the existence of high levels of loyalty within Japanese corporations (similar to families) (Gantenbein et al 2019). Japanese new product development includes the strength of the disciplined problem solving stream of research by explicitly considering how Japanese cultural tendencies (e.g., high uncertainty avoidance) may be intertwined with the organization of work and selection of problem-solving strategies (Song and Montoya-Weiss 2001).…”

Section: Japanese Management Practices and Issuesmentioning

confidence: 99%

Japanese style management in eras of change: new management model

Hirasaka¹,

Kusaka

Brogan

2021

SN Bus Econ

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Changes in technologies and markets are issues for all global companies. Japanese companies also face difficulties in eras of change. There is a need for paradigm shifts in management style. This paper will look at four case studies of major global companies and analyze the concept of the hybrid approach. It looks at how western and Japanese ways of thinking and methods can be combined to create a new model. The new Japanese model proposes a basic framework on which customization and improvement can be carried out.

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“…Very frequently measured factors are M&A activity, innovation level, investor protection level, labour regulation, bribery and corruption level, tax burden, unemployment rate, export level, GDP growth, VC ecosystem development, including business angels' activity, worldwide trends including economic shocks, and leading industries [34,38]. The latest trend is acknowledging that cultural features prevailing in the region and, as a result, formal and informal institutions' characteristics are important determinants of VC market development [13,39,40].…”

Section: How Can a Country Activate Vc Market?mentioning

confidence: 99%

Effective Venture Capital Market Development Concept

Matisone

Lāce

2021

Journal of Open Innovation: Technology, Market, and Complexity

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This paper presents the results of the study on the venture capital (VC) market development drivers in small countries with underdeveloped VC markets. Based on the literature content analysis, the authors developed a comprehensive list of factors influencing VC market status. The relevance of the factors in countries with small, underdeveloped VC markets was studied between experts involved in shaping Latvian VC market. The study revealed that all factors (in total 73) delivered from the literature influence the VC market in the countries such as Latvia. Sixty-three factors have an impact above moderate, and providing public funding for VC funds is only one of the factors. The results highlight the importance of the shift from the typical public support approach of providing VC managers with funding to the government involvement in also shaping other conditions necessary for VC market self-sufficiency development. Based on the study, the authors propose a conceptual model for further public support design. The model has three dimensions of meta factor groups (VC market participants, environment, embedded characteristics). It is necessary to evaluate and, if possible, provide public support in each of the meta-factors’ groups. The authors propose to use the model and the list of impactful factors as tools for further governmental support for VC.

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Individualism and Venture Capital: A Cross-Country Study

Cited by 21 publications

References 154 publications

The Firm Value and Marketing Intensity Decision in Conditions of Financial Constraint: A Comparative Study of the United States and Latin America

The Firm Value and Marketing Intensity Decision in Conditions of Financial Constraint: A Comparative Study of the United States and Latin America

Japanese style management in eras of change: new management model

Effective Venture Capital Market Development Concept

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