Small-world Networks, Absorptive Capacity, and Firm Performance: Evidence from the U
نویسندگان
چکیده
A small-world network is a locally clustered network with short path lengths connecting different clusters. In this study, we explore contingent factors that affect the impact of small-world networks on firm performance, maintaining that benefits from such networks may depend on a firm’s absorptive capacity to recognize and assimilate external information and knowledge. Using a sample of U.S. venture capital (VC) firms from 1995-2003, we find that small-world networks have a positive impact on firm performance and this positive impact varies with multiple determinants of a firm’s absorptive capacity. Implications of these findings for organizational learning and interfirm network studies are discussed.
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