The Influence of Firms’ and Industries’ Legitimacy on the Flow of Capital into High-Technology Ventures

By David L. Deeds, Paul Y. Mang, Michael Frandsen. 2004

217 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/e5a34bef8b950fa5269bc4ac842a43be9ffa7b08

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Citations in the corpus

Conveying Quality and Value in Emerging Industries: Star Scientists and the Role of Learning in Biotechnology (2011, unknown): “The association of high quality university-affiliated scientists can also lend legitimacy to the firm and its quest for resources and is especially important in the absence of tangible assets (Deeds et al., 2004).”
Functions in innovation systems: A framework for analysing energy system dynamics and identifying goals for system-building activities by entrepreneurs and policy makers (2008, background): “unsuccessful, they all will suffer” ( Deeds et al., 2004, p. 11 ).”
What Drives New Ventures to Internationalize from Emerging to Developed Economies? (2007, background): “…the “halo effect” for new ventures, through association with highprestige players, activities, and locations, has been shown to enhance the resource flows into new ventures (Deeds et al., 2004).5 In the case of EE-based new ventures, entering DE will help establish their legitimacy at home in EE.”
Who invests in renewable electricity production? Empirical evidence and suggestions for further research (2013, background): “Being able to gather resources implies that entrepreneurs have legitimacy (Aldrich and Fiol, 1994; Deeds et al., 2004; Lounsbury and Glynn, 2001; Santos and Eisenhardt, 2009).”
‘Legitimation’ and ‘development of positive externalities’: two key processes in the formation phase of technological innovation systems (2008, background): “First, whilst a number of studies on new technologies in general – and renewable energy technologies (see also the contribution by Agterbosch and Breukers in this special issue) and transport fuels in particular – underline the centrality of the process of legitimation (Aldrich and Fiol 1994 ; Deed”
Risky Business? Entrepreneurship in the New Independent-Power Sector (2005, background): “…on the legitimacy of an organizational form or practice (Meyer and Rowan, 1977), we distinguished between the legitimacy of an entire sector and the legitimacy of a particular organizational form within that sector (see also Powell, 1991; Aldrich and Fiol, 1994; Deeds, Mang, and Frandsen, 2004).”
Standing out from the crowd: the visibility-enhancing effects of IPO-related signals on alliance formation by entrepreneurial firms (2007, background): “New organizations, especially those in developing industries, are associated with tremendous uncertainty and thus face significant challenges gaining the attention of key potential partners as they seek legitimacy (Aldrich and Baker, 2001; Aldrich and Fiol, 1994; Amit and Zott, 2001; Deeds et al., 2”