Partners in power: job mobility and dynamic deal‐making

Abstract

This research considers how the connectedness of venture capital (VC) firms changes with the job mobility of managers between those firms. A continuous‐time Markov chain model is developed to test whether managers are able to ‘drag’ prior inter‐firm relational ties with them as they move between employing firms. The findings support the hypothesis that increasing the stock of managers is material to creating inter‐firm ties. However, managers are not found to drag their prior links to new network positions. This result is consistent with an institutional view of VC syndication, suggesting that inter‐firm relations are other than managerial in nature.

Multidimensional homophily in friendship networks

“…These relational changes can be considered to be the outcome of the structural position of the actors within the network (as in the case of forming a tie to somebody because he/she is the friend of a friend), characteristics of the actor (e.g., some actors might be more or less attractive because of an attribute they possess), or characteristics of pairs of actors (for example, when two actors form a tie because they share a certain attribute). SAOM’s have now been widely used for the study of network dynamics (van Duijn et al , 2003; van de Bunt et al , 2005; de Nooy, 2002; Schaefer et al, 2011) and the co-evolution of networks and actor behavior (Checkley & Steglich, 2007; Burk et al, 2007; Pearson et al , 2006; Steglich et al , 2010; Lewis et al, 2012). …”

International Nonprofit Collaboration

“…As collaboration is characterized by mutual activity, and not just the flow of resources or communication, the authors symmetrized the matrix of relations (see also Andrew, 2009;Checkley & Steglich, 2007 who symmetricized collaborative ties among organizations for similar reasons), resulting in a nondirected network containing 94 INGOs and 100 reciprocated ties (average degree = 1.06). These ties were the "links with" ties described above, as the YIO only records the tie in the record of the party that reported the uncorroborated relationship.…”

Venture Capital Syndication: Synthesis and future directions

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