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Too much of a good thing? Venture capital chase and firm innovation
X
J
Z
Y
DOI:10.1016/j.technovation.2026.103580.png)
Abstract
En 中文
• Link venture capital chase to the temporal pacing and innovation rhythm framework to explain its effect on firm innovation. • Construct a novel multidimensional venture capital chase index capturing cumulative pursuit dynamics. • Venture capital chase exhibits an inverted U-shaped relationship with firm innovation. • High R&D intensity and small technological distance flatten the inverted U-shaped relationship. • Advance VC-innovation research by theorizing VC chase as a dynamic, cumulative, and competitive investment pattern.
Keywords:
Venture capital chase
Firm innovation
Inverted U-shaped relationship
R&D intensity
Technological distance
Journal
IF:
10.9
Papers:
3.0K
Citations:
1.3W
