Signaling in joint venture capital: a social network perspective

Wu, Jing; Li, He; Zheng, Haichao; Xu, Yizhuang

doi:10.1108/imds-09-2016-0359

Cited by 13 publications

(8 citation statements)

References 80 publications

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“…In the proposed model, we consider both dimensions of embeddedness to have an impact on the network rent in the triadic supply chain. The scope of embeddedness involves both its structural and relational dimensions, as the structural cannot exist apart from the relational, while the relational is not possible without the existence of the structural (Schoenherr et al , 2015; Wu et al , 2017).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Manufacturer structural embeddedness and the network rent: the intervening role of relational embeddedness in the triadic supply chains

Świerczek

2019

SCM

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Purpose The purpose of this paper is to investigate whether the manufacturer that occupies the central position in the triadic supply chain is capable of enhancing relationships within both dyads to produce the network rent and extra profit shared among all supply chain actors. Design/methodology/approach The paper opted for an exploratory study using a survey of triads forming supply chains. To reveal the capability of yielding the network rent in the examined triads, multiple regression analysis with Interaction effects was used. Having confirmed the existence of supernormal profit, the partial least square path model was developed to investigate the effects of manufacturer structural embeddedness on relational embeddedness and the resulting impact on the network rent. Findings The obtained findings show that manufacturer structural embeddedness has a direct and positive effect on relational embeddedness and relational embeddedness of two dyads (represented as a higher order factor) has a direct and positive effect on the network rent. In addition, relational embeddedness mediates the positive relationship between manufacturer structural embeddedness and network rent, as the null model with no mediation appears to underestimate the direct and positive effect between manufacturer structural embeddedness and the network rent. Research limitations/implications The study makes three key contributions. First, it extends the application of both relational and structural embeddedness to grasp the network architecture of the triadic supply chain. Second, the concept of manufacturer structural embeddedness is used to elaborate on the role of the manufacturer in establishing relationships of high quality with the supplier and the customer. In connection to the previous point, the calculated network rent demonstrates that establishing collaborative relationships in triadic supply chains may bring a significant supernormal profit, derived as the outcome of mutual interplay between the relational performances of two dyads. Practical implications The study shows that manufacturers intending to use their central position to develop collaborative relationships with both partners, and the supplier and the customer, ought to appreciate the role of social ties embedded in interorganizational networks. The paper also implies that in parallel with using formal contracts as a governance mechanism, the manufacturer centrally positioned in the triadic supply chains ought to deliberately shape relational embeddedness of both dyads. Finally, managers can consider the ways to enhance relational embeddedness in a triad by improving relational embeddedness of a certain dyad. Originality/value This study provides a novel framework for studying two basic dimensions of embeddedness (structural and relational) and their impact on the network rent in triadic supply chains that goes beyond the dyadic perspective and incorporates the extended supply chain.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Manufacturer structural embeddedness and the network rent: the intervening role of relational embeddedness in the triadic supply chains

Świerczek

2019

SCM

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“…We measure technical contributions by the number of projects that a focal project leader has been involved in. Regarding relation-oriented leadership behaviors embedded in internal/external social capital, we follow literature of network degree centrality (Ahuja et al , 2003; Daniel and Stewart, 2016; Wu et al , 2017; Wasko and Faraj, 2005). Specifically, Internal Social Capital is measured as the number of followers for a focal project leader on GitHub; External Social Capital is measured as the number of participants that the focal project leader follows proactively on GitHub.…”

Section: Methodsmentioning

confidence: 99%

The role of online leadership in open collaborative innovation

Bian

Zhao

2019

IMDS

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Purpose The purpose of this paper is to investigate the roles of online leadership in open collaborative innovation success by extending functional leadership theory in the context of open source projects. Design/methodology/approach This study uses negative binomial regression models to empirically test the proposed hypotheses with samples of blockchain open source projects on GitHub. Findings The results indicate that task-oriented leadership behaviors in forms of technical contributions have little influence on open collaborative innovation success; relation-oriented leadership behaviors embedded in internal social capital and external social capital contribute to open collaborative innovation success prominently. Furthermore, the joint effects of technical contributions, internal social capital and community commitment with openness orientation are positively significant on open collaborative innovation success, respectively. Practical implications For leaders and participants of open collaborative innovation projects, they should attach importance to both leadership behaviors and the joint effects with openness orientation so as to make informed decisions. Originality/value This study offers a new fine-grained framework of open collaborative innovation success by investigating specific dimensions of task-oriented and relation-orientated leadership behaviors, as well as their joint effects with openness orientation.

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“…Information management researchers have also increasingly devoted to understanding how various types of ties are formed in different digital platforms (e.g. Gu et al ., 2014; Hahn et al ., 2008; Kwon et al ., 2017; Wu et al ., 2017; Jiang et al ., 2018; Lin et al ., 2013; Liu et al ., 2015). Despite the importance of syndicate formation mechanisms to equity crowdfunding platforms, these mechanisms have not been sufficiently examined in the extant literature.…”

Section: Literature Reviewmentioning

confidence: 99%

Understanding investor co-investment in a syndicate on equity crowdfunding platforms

Liu

2023

IMDS

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PurposeConsidering the unique characteristics of equity crowdfunding platforms including the removal of stringent structural barriers (e.g. lack of co-location), high visibility and traceability of investor characteristics, large pool of available investors and simplified transaction process, the authors aim to examine how the two most prevalent mechanisms (i.e. homophily and repeated ties) unfold in this context by incorporating the contextual characteristics. The authors theorize an inverted U-shaped relationship between leader-backer similarity and the likelihood of co-investment in a syndicate on equity crowdfunding platforms. In addition, a leader–backer dyad is more likely to form new syndicates if the students have more prior co-investment ties.Design/methodology/approachThe empirical study is based on data from the AngelList syndicate platform and a linear probability model (LPM) with fixed effects is adopted to estimate the syndicate formation.FindingsThe authors find that the similarity between a leader and a backer has an inverted U-shaped relationship with the leader and backer's likelihood of co-investment in a syndicate, which is different from the dominant homophily-based tie formation in venture capital (VC) syndicates and other digital platform contexts. Although equity crowdfunding platforms encourage the possibility of exploring new partners, investors are more likely to co-invest with others who have stronger prior ties.Originality/valueThis research theoretically contributes to the scant literature of equity crowdfunding syndicates by contextualizing two most prevalent mechanisms (i.e. homophily and repeated ties) driving tie formation in VC syndicates and digital platforms.

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Signaling in joint venture capital: a social network perspective

Cited by 13 publications

References 80 publications

Manufacturer structural embeddedness and the network rent: the intervening role of relational embeddedness in the triadic supply chains

Manufacturer structural embeddedness and the network rent: the intervening role of relational embeddedness in the triadic supply chains

The role of online leadership in open collaborative innovation

Understanding investor co-investment in a syndicate on equity crowdfunding platforms

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