Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/335138 
Erscheinungsjahr: 
2025
Quellenangabe: 
[Journal:] Small Business Economics [ISSN:] 1573-0913 [Volume:] 65 [Issue:] 3 [Publisher:] Springer US [Place:] New York, NY [Year:] 2025 [Pages:] 1791-1810
Verlag: 
Springer US, New York, NY
Zusammenfassung: 
Drawing on signaling theory, this study investigates whether the environmental orientation of new ventures serves as an important signal related to funding outcomes. Analyzing a dataset of 2003 funding rounds completed in the U.S. during 2022, our findings reveal that the environmental orientation of a new venture positively influences pre-IPO funding outcomes. Furthermore, this effect is positively moderated by the prominence of lead venture capital investors. Our post hoc analysis offers a valuable temporal perspective and suggests that our findings generalize across both early-stage and late-stage funding rounds, but not seed funding. This study contributes to the literature on financial resource acquisition and signaling theory, and also offers valuable implications for practitioners, helping them navigate the competitive funding environment more effectively.
Schlagwörter: 
Entrepreneurs
Funding
New ventures
JEL: 
L26
G24
M13
Q56
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Dokumentart: 
Article
Dokumentversion: 
Published Version

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