The Effects of Perceived Control on Venture Capitalist Investment Decisions: A Configurational Perspective
基于代理理论和组态理论，研究了风险投资家对企业家感知控制程度如何直接影响投资意愿，并与企业家声望、机会吸引力交互作用，通过552个投资决策的联合分析发现不同因素组合导致不同结果。
Drawing on agency and configurations theories, this study examines how perceived level of control over the entrepreneur influences venture capitalist (VC) decision making. We model the direct effects of perceived control and the interactive effects of control with entrepreneurial prestige and opportunity attractiveness to determine how various combinations of factors influence VCs’ willingness to invest. We test our conceptualizations using conjoint analyses of 552 VC investment decisions. The results show that perceived control is directly related to investment likelihood, but different configurations of control, entrepreneur prestige, and opportunity attractiveness result in different outcomes. Our findings support a configurational perspective of VC decision making.