'One is Known by the Company One Keeps': Imprinting Effects of a Firm's Network Entry on its Future Status

16 Pages Posted: 5 Mar 2009

See all articles by Hana Milanov

Hana Milanov

Fundación Instituto de Empresa, S.L.

Dean A. Shepherd

Indiana University - Kelley School of Business - Management & Entrepreneurship

Abstract

Given the importance of network status, this study seeks to understand how newcomers - young organizations entering inter organizational networks - attain such privileged positions. Drawing on literature in imprinting and network theory, we develop a model and hypotheses regarding the direct and moderating effects of the newcomer's ego-network characteristics in the year of network entry on its status, and examine their persistence over time. We test proposed relationships on a panel data of 411 U.S. venture capital firms (3,627 observations) and show that with some diminishing returns over time, the characteristics of initial partnerships exert a long term influence on newcomer's status.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Milanov, Hana and Shepherd, Dean A., 'One is Known by the Company One Keeps': Imprinting Effects of a Firm's Network Entry on its Future Status. Babson College Entrepreneurship Research Conference (BCERC) 2008, Frontiers of Entrepreneurship 2008, Available at SSRN: https://ssrn.com/abstract=1346086

Hana Milanov (Contact Author)

Fundación Instituto de Empresa, S.L. ( email )

Serrano 99
Madrid, 28006
Spain

Dean A. Shepherd

Indiana University - Kelley School of Business - Management & Entrepreneurship ( email )

Bloomington, IN 47405
United States
812-856-5220 (Phone)

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