Status in a Strange Land: Context-Dependent Value of Status in Cross-Border Venture Capital

Alvarez-Garrido, E., Guler, I. (2017) Status in a Strange Land? Context-Dependent Value of Status in Cross-Border Venture Capital, Strategic Management Journal, Forthcoming

42 Pages Posted: 24 Oct 2016 Last revised: 19 Dec 2017

See all articles by Elisa Alvarez-Garrido

Elisa Alvarez-Garrido

University of South Carolina

Isin Guler

University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School

Date Written: October 3, 2015

Abstract

While recent literature has depicted status as an intangible asset that is firm-specific and mobile, we have a limited understanding of whether status confers advantage in a way similar to other intangible assets. This study examines the macro-structural contingencies that influence the marginal value of firm status as firms expand to new markets. Building on the literatures on status and social approval assets, as well as globalization and international management, we hypothesize that two conditions influence how valuable home-country status will be in a given host country: the interconnectedness of the home and host countries and their relative position in the global network. We test our hypotheses in a study of 187 VC-backed biotechnology ventures in 19 countries between 1990 and 2006.

Keywords: status, status transfer, cross-national, venture capital, venture performance

JEL Classification: G24, L26, F20, F21, G15

Suggested Citation

Alvarez-Garrido, Elisa and Guler, Isin, Status in a Strange Land: Context-Dependent Value of Status in Cross-Border Venture Capital (October 3, 2015). Alvarez-Garrido, E., Guler, I. (2017) Status in a Strange Land? Context-Dependent Value of Status in Cross-Border Venture Capital, Strategic Management Journal, Forthcoming , Available at SSRN: https://ssrn.com/abstract=2857616 or http://dx.doi.org/10.2139/ssrn.2857616

Elisa Alvarez-Garrido (Contact Author)

University of South Carolina ( email )

1014 Greene St
Columbia, SC South Carolina 29208
United States

HOME PAGE: http://moore.sc.edu/facultyresearch/facultystaff.aspx?Query=&FacultyStaff=all&Department=12&FacultyS

Isin Guler

University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School ( email )

McColl Building
Chapel Hill, NC 27599-3490
United States

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