Allocation of Attention to Portfolio Companies and the Performance of Venture Capital Firms
研究了风险资本家对投资组合公司的注意力分配如何影响其绩效，并分析了最优投资组合规模及联合投资频率和角色的调节作用。
This article proposes that the attention allocated by venture capitalists to portfolio companies impacts their performance. The article develops arguments for optimal portfolio size and for the moderating roles of syndication frequency and role. The hypotheses receive support from analyses employing longitudinal data of the leading U.S. venture capital firms. Our results indicate the value of venture capitalist involvement and give guidance for its optimal allocation and syndication.