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Investors' Reactions To Alliance-Engendered Acquisition Ambiguity: Evidence From Us Technology Deals, Panos Desyllas, Martin C. Goossen, Corey C. Phelps Jun 2024

Investors' Reactions To Alliance-Engendered Acquisition Ambiguity: Evidence From Us Technology Deals, Panos Desyllas, Martin C. Goossen, Corey C. Phelps

Management Faculty Publications

We study how, when target firms are engaged in strategic alliances, the ambiguity surrounding an acquisition's anticipated synergies influences investors' reactions to announcements of acquisitions. Drawing on behavioural finance research and the resource redeployment literature, we predict that investors' limited access to the information encoded in the target firms' alliances and the uncertainty around the re-deployability of their embedded resources generate a negative relationship between the number of target alliances and investors' reactions. We also hypothesize that this negative effect is exacerbated when the alliances involve foreign alliance partners but is attenuated when acquirers are experienced in acquiring targets with …


The Role Of Discrete Emotions In Job Satisfaction: A Meta-Analysis, Courtney E. Williams, Jane Shumski Thomas, Andrew A. Bennett, George C. Banks, Allison Toth, Alexandra M. Dunn, Andrew Mcbride, Janaki Gooti Jan 2024

The Role Of Discrete Emotions In Job Satisfaction: A Meta-Analysis, Courtney E. Williams, Jane Shumski Thomas, Andrew A. Bennett, George C. Banks, Allison Toth, Alexandra M. Dunn, Andrew Mcbride, Janaki Gooti

Management Faculty Publications

[Summary] The relationship between emotions and job satisfaction is widely acknowledged via affective events theory (AET). Despite its widespread use, AET was not designed to address why specific emotions might differentially relate to job satisfaction. We utilize appraisal theory of emotion to refine AET and provide this nuanced theorizing. We meta‐analytically test our ideas with 235 samples across 99 883 individuals and 22 600 intra‐individual episodes. We test two approaches—specific emotion experiences (16 discrete emotions) versus general emotion experiences (positive or negative emotions)—and present empirical evidence of their similarities and differences with job satisfaction. Our findings suggest that specific emotions …


Alert During What? Beyond The "Big O" To A Culturally-Cognizant, Process View Of Entrepreneurial Alertness, Robert J. Pidduck, Daniel R. Clark Jan 2024

Alert During What? Beyond The "Big O" To A Culturally-Cognizant, Process View Of Entrepreneurial Alertness, Robert J. Pidduck, Daniel R. Clark

Management Faculty Publications

Entrepreneurial alertness is a psychological aptitude generally associated with aspects of nascent venturing, centered on individuals' environmental observations, the association of resources, and idea evaluation. A decade following the Tang et al. (2012) consensus construct and scale, critiques remain questioning its utility and unique value to the major conversations in entrepreneurship. Proponents put great emphasis on entrepreneurial alertness's proven association with opportunity recognition and entrepreneurial actions. Yet, critics suggest it might be an unnecessary step offering little more than a positive association with opportunity recognition in a highly generalized and static way. The purpose of this paper is to address …


Time And Change: A Meta-Analysis Of Temporal Decisions In Longitudinal Studies, Helen Hailin Zhao, Abbie J. Shipp, Kameron Carter, Erik Gonzalez-Mulé, Erica Xu Jan 2024

Time And Change: A Meta-Analysis Of Temporal Decisions In Longitudinal Studies, Helen Hailin Zhao, Abbie J. Shipp, Kameron Carter, Erik Gonzalez-Mulé, Erica Xu

Management Faculty Publications

Longitudinal research has grown in popularity in the field of management and organizations. However, the literature has neglected to consider the important ways in which researchers' temporal decisions can influence observed change in longitudinal studies. Researchers must make a set of temporal decisions to capture change, such as the temporal precision of the hypothesized form of change, the selection of a sample that is expected to exhibit the change, the choice of variables to be measured repeatedly, the frequency of measurements, and the time interval between measurements. However, these decisions typically are based on "educated guesses," which makes their effects …


The Interplay Of Conflicting And Complementing Institutional Logics In Sustainability Practices, Ivana Milosevic, A. Erin Bass, Benjamin Schulte Mar 2023

The Interplay Of Conflicting And Complementing Institutional Logics In Sustainability Practices, Ivana Milosevic, A. Erin Bass, Benjamin Schulte

Management Faculty Publications

The impact of institutional environments on sustainability is well documented in the international business literature. However, how multiple and occasionally conficting institutional logics shape sustainability as it is practiced by individuals across countries remains undertheorized. Our study contributes to this line of research by examining how multiple institutional logics inform the comprehension of sustainability practices in two high-hazard organizations in the Republic of Serbia and Canada. In doing so, our fndings explicate three multi-level mechanisms – pulling down (1st level), relating (2nd level), and aligning (2nd level) – through which individuals in these organizations across two countries construct a localized …


A Configurational Theory Of Generalized Exchange In Stakeholder-Oriented Firms, Jeffrey S. Harrison, Violet Ho, Douglas A. Bosse, Donal Crilly Feb 2023

A Configurational Theory Of Generalized Exchange In Stakeholder-Oriented Firms, Jeffrey S. Harrison, Violet Ho, Douglas A. Bosse, Donal Crilly

Management Faculty Publications

Recent developments in stakeholder theory have refined our understanding of value creation via bilateral reciprocity. Generalized exchange is another important microfoundational mechanism in value creation, but because of the potential for free-riding it is surprising that some stakeholders contribute more resources to a firm’s value-creating nexus than would be expected based on contractual obligations, and even beyond what bilateral reciprocity would predict. This paper aims to identify the minimum conditions that promote generalized exchange in a firm’s value-creating nexus. Because generalized exchange is causally complex—it can occur in multiple contexts and through various combinations of explanatory factors—a configurational theorizing approach …


Institutional Predictors Of Campus Sexual Misconduct Reporting: The Role Of Gender In Leadership, Alison Cook, Christy Glass, Alicia Ingersoll Feb 2023

Institutional Predictors Of Campus Sexual Misconduct Reporting: The Role Of Gender In Leadership, Alison Cook, Christy Glass, Alicia Ingersoll

Management Faculty Publications

Sexual misconduct remains at crisis levels on American college campuses and is vastly underreported. Most research focuses on individual level risks of assault and perpetration, yet campuses vary significantly in sexual offenses and reporting rates. The current study responds to calls to consider institutional factors that shape campus climates for sexual misconduct and reporting. We consider the role of gender in leadership, analyzing the impact of women's appointment as college president on reporting rates over time. We consider individual and organizational mechanisms that may shape the impact of women's appointment on reporting rates. Our analyses rely on data from U.S. …


Guest Editorial, A. Erin Bass, Ivana Milosevic Jan 2023

Guest Editorial, A. Erin Bass, Ivana Milosevic

Management Faculty Publications

No abstract provided.


Social Movements And Institutional Entrepreneurship As Facilitators Of Technology Transition: The Case Of Free/Open-Source Software, Sanjay Jain, Habib A. Islam, Martin C. Goossen, Anil Nair Jan 2023

Social Movements And Institutional Entrepreneurship As Facilitators Of Technology Transition: The Case Of Free/Open-Source Software, Sanjay Jain, Habib A. Islam, Martin C. Goossen, Anil Nair

Management Faculty Publications

We integrate insights from the literature on social movements and institutional entrepreneurship into the strategic niche management (SNM) and multilevel perspective (MLP) frameworks to understand the emergence of Linux, a free/open-source operating system, in a regime dominated by proprietary operating systems such as Unix and Windows NT. Employing a “microhistories” methodology, we document how actors in the free/open-source movement took steps that enabled an alternate technological niche to form, gain momentum and eventually infiltrate the extant regime. Our account delineates the key role that actors play in shaping the identity of a niche, amplifying its presence, and finally mainstreaming it. …


Chapter 6 - Empowerment Programming: Case Study Of How Intentionality And Consideration Create Breakthrough Elevating Graduate Programs, Brendon Fox Jan 2023

Chapter 6 - Empowerment Programming: Case Study Of How Intentionality And Consideration Create Breakthrough Elevating Graduate Programs, Brendon Fox

Management Faculty Publications

Administrators in the upper echelons of higher education face an array of dilemmas that impact and inform institutional priorities around how to serve various student populations best. Chief among those considerations is how to empower historically disenfranchised students toward a deeply substantive experience that inspires them intellectually and involves them in areas of social justice. This chapter provides an explanatory case study of a successful program launched by two vice presidents of a small, Predominately White Institution (PWI) in rural Kansas. It shows how deeply impactful outcomes for black male students can be achieved through intentional Elevating Educational Intentional Practice …


Chapter 10 : Developing World:Class Internationalized Universities: Double Tops Construction In China, Abeni El-Amin Ph.D., Cai Yuzhou Jan 2023

Chapter 10 : Developing World:Class Internationalized Universities: Double Tops Construction In China, Abeni El-Amin Ph.D., Cai Yuzhou

Management Faculty Publications

Effective higher education leadership is a movement in internationalized higher education. Moreover, incorporating principles of internationalized higher education is a contrast from traditional graduate educational practices, because new assessment methodologies are utilized to demonstrate institutional aptitude. Additionally, there has been a critical move in cutting-edge economies on how to attract students, grants, and funders. Globally, access to internationalized higher education has grown exponentially. Innovation is changing the idea of how people define internationalized higher education. Centralized leadership, information sharing, cooperation, and advancement are more prevalent than prior. Internationalized higher education has superseded traditional educational notions. Achievement lies in the capacity …


Chapter 13 : Organizational Stakeholder Management Develops Intentional Education Ethos, Abeni El-Amin Ph.D., Quinton L. Marks Jan 2023

Chapter 13 : Organizational Stakeholder Management Develops Intentional Education Ethos, Abeni El-Amin Ph.D., Quinton L. Marks

Management Faculty Publications

Ethical leadership with regards to diversity, equity, inclusion, belonging and stakeholder management impacts institutional and departmental culture. Formalized leadership ethics and compliance initiatives improve institutional structures. The importance of graduate leadership that embraces ethics and compliance programs ensures adherence to policies set forth by institutions and mitigates bias. Stakeholder management is key because adherence allows leadership to develop strategic plans with stakeholders in mind, while decreasing quality issues. As a result, there is value to executing stakeholder management plans within graduate education.


Engaging The Aging Process: Unlock The Fountain Of Youth, Abeni El-Amin Ph.D. Jan 2023

Engaging The Aging Process: Unlock The Fountain Of Youth, Abeni El-Amin Ph.D.

Management Faculty Publications

Employment for aging is a significant aspect shaping the aging processes during formative years. Therefore, work opportunities combined and consequential impacts later in life merit special consideration. Given that population aging has become a global pattern with ensuing changes in labor markets far and wide, there is increased concern about the impacts of retirement around the globe and the macroeconomic advantages frequently connected with delaying retirement. It is fundamental for nations with aging populations to maintain profitability, given an aging workforce. Governments must make it simpler for individuals to maintain a significant presence in the workforce. This contribution focuses on …


Chapter 8 : Evaluating Intentional Education Practice In Graduate Programs, Abeni El-Amin Ph.D. Jan 2023

Chapter 8 : Evaluating Intentional Education Practice In Graduate Programs, Abeni El-Amin Ph.D.

Management Faculty Publications

The purpose of this chapter was to examine whether the six variables of graduate educational quality predict intentional education practice (IEP) (teaching style) in United States graduate university programs. The issue is that graduate student engagement, student satisfaction, and matriculation diminish without IEP. Consequently, current performance measures of graduate higher educational programs illuminate issues in processes within instruction, quantity of trained instructor mentors, professional support networks, and existing programming, which may need improvement. Indeed, past researchers have noted limitations in higher educational and graduate school environments. Performance measurement variables impact long-term institutional effectiveness and remain largely unknown within educational institutions. …


Preface: Elevating Intentional Education Practice In Graduate Programs, Abeni El-Amin Ph.D. Jan 2023

Preface: Elevating Intentional Education Practice In Graduate Programs, Abeni El-Amin Ph.D.

Management Faculty Publications

Educational leaders must institutionalize, implement, execute, and review initiatives to ensure graduate programs exceed performance metrics of educator quality, educational services, activities, technology, continuous improvement, and intentional education practice. Likewise, leaders must recognize that stakeholder engagement is invaluable to alleviate challenges in developing, assessing, and improving graduate program performance.


Chapter 12 : Effective Leadership Practices Transform Graduate Education, Abeni El-Amin Ph.D. Jan 2023

Chapter 12 : Effective Leadership Practices Transform Graduate Education, Abeni El-Amin Ph.D.

Management Faculty Publications

Educational leadership requires more than designing a plan of action and persuading others to adopt the vision. Educational leadership is about encouraging others to be a part of the solutions that persist in innovative ways. Utilizing feedback communication with stakeholders (students, parents, teachers, administrators, community, policy makers) improves initiatives and legal compliance implementation, which is a value- added to organizational excellence. Principled leadership fosters transparency in daily interactions. Educational leadership requires that one consistently communicates the vision to those above and below. Educational leadership must be diligent in both stating visions clearly and following up with written documentation. Evaluation allows …


Chapter 1 : The Foundations Of Intentional Education Practice, Abeni El-Amin Ph.D. Jan 2023

Chapter 1 : The Foundations Of Intentional Education Practice, Abeni El-Amin Ph.D.

Management Faculty Publications

The problem related to teaching effectiveness includes failure of institutions to identify process improvements, ascertain appropriate stakeholders to accomplish institutional goals, and implement streamlined classroom processes to ensure instructors have the appropriate professional support needed to apply intentional educational practices in graduate programs. Consequently, current performance measures of educational programs illuminate issues in processes within instruction, quantity of trained instructor mentors, professional support networks, and existing programming which may need improvement, yet is not being addressed in educational environments. Performance measurement factors impact long-term institutional effectiveness service quality of HE (educator quality, educational services, activities, technology, continuous improvement, educational leadership, …


Digital Platforms And Entrepreneurial Support: A Field Experiment In Online Mentoring, Saurabh A. Lall, Li-Wei Chen, Dyana P. Mason Jan 2023

Digital Platforms And Entrepreneurial Support: A Field Experiment In Online Mentoring, Saurabh A. Lall, Li-Wei Chen, Dyana P. Mason

Management Faculty Publications

The benefits of entrepreneurial mentorship are well documented, but there is limited research on how entrepreneurs connect with mentors, especially in digital settings. We partnered with an online platform that connects entrepreneurs to potential mentors to conduct a field experiment in online mentoring. Drawing on literature on entrepreneurial mentorship and Social Cognitive Theory, we compared the effects of three interventions on the likelihood of reaching out and making a connection with a mentor in a digital setting. We find that showing entrepreneurs a video of a successful mentor–mentee relationship increases the chances that they will reach out to a potential …


What Has Digital Transformation Changed? A Chinese Case Study Of Hidden Costs Using A Socio-Economic Approach To Management, Tony Huang, Emmanuel Monod, Alan Eisner, Helaine Korn, Yuewei Jiang, Bin Bai, Samuel Wilson Jan 2023

What Has Digital Transformation Changed? A Chinese Case Study Of Hidden Costs Using A Socio-Economic Approach To Management, Tony Huang, Emmanuel Monod, Alan Eisner, Helaine Korn, Yuewei Jiang, Bin Bai, Samuel Wilson

Management Faculty Publications

Digital transformation is regarded as a way to solve business problems in an organisation. However, the impact on the company’s hidden costs should also be more precisely analysed. This research relies on the socio-economic approach to management to describe the impact of digital transformation maturity growth on hidden costs in a Chinese manufacturing company. This paper combines the case study research method with some quantitative techniques by conducting correlation analyses of staff turnover, low-quality work and occupational injuries and diseases. The results indicate that digital transformation maturity growth is correlated with the financial consequences of staff’s excess salary in terms …


Mechanisms In Open Innovation: A Review And Synthesis Of The Literature, Ruben H.A.J. Ogink, Martin C. Goossen, A. Georges L. Romme, Henk Akkermans Jan 2023

Mechanisms In Open Innovation: A Review And Synthesis Of The Literature, Ruben H.A.J. Ogink, Martin C. Goossen, A. Georges L. Romme, Henk Akkermans

Management Faculty Publications

A large body of literature explores the role of context, structure, actors, and outcomes of open innovation (OI), yet pays little attention to the mechanisms underlying these relationships. In this review paper, we synthesize the OI literature using a context-mechanism-outcome approach to identify and classify the various mechanisms observed in empirical OI studies. Our findings demonstrate that the OI literature draws on a wide variety of mechanisms originating from the fields of management, sociology, economics, and psychology. The fifteen mechanisms most frequently observed in the literature fall into four categories: governance and policies; environmental dynamics and interactions; knowledge, skills, and …


Transitional Entrepreneurship: Unleashing Entrepreneurial Potential Across Numerous Challenging Contexts, Golshan Javadian, Anil Nair, David Ahlstrom, Kaveh Moghaddam, Li-Wei Chen, Younggeun Lee Jan 2023

Transitional Entrepreneurship: Unleashing Entrepreneurial Potential Across Numerous Challenging Contexts, Golshan Javadian, Anil Nair, David Ahlstrom, Kaveh Moghaddam, Li-Wei Chen, Younggeun Lee

Management Faculty Publications

[First paragraph] We are pleased to publish the special issue of the New England Journal of Entrepreneurship on transitional entrepreneurship. Transitional entrepreneurship refers to the practices of entrepreneurs from communities facing adversity who navigate substantial life transitions as they launch and manage new ventures in response to various changes and challenges in their environment. Entrepreneurship is not only a critical driver of economic growth and social development (Ahlstrom et al., 2019; McCloskey, 2010) but can also represent a life-changing transition for most, if not all, of the entrepreneurs themselves. Transitional entrepreneurship entails strategic pivots or transformations that enable entrepreneurs to …


The Trustworthiness Of The Cumulative Knowledge In Industrial/Organizational Psychology: The Current State Of Affairs And A Path Forward, Sheila K. Keener, Sven Kepes, Ann-Kathrin Torka Jan 2023

The Trustworthiness Of The Cumulative Knowledge In Industrial/Organizational Psychology: The Current State Of Affairs And A Path Forward, Sheila K. Keener, Sven Kepes, Ann-Kathrin Torka

Management Faculty Publications

The goal of industrial/organizational (IO) psychology, is to build and organize trustworthy knowledge about people-related phenomena in the workplace. Unfortunately, as with other scientific disciplines, our discipline may be experiencing a “crisis of confidence” stemming from the lack of reproducibility and replicability of many of our field's research findings, which would suggest that much of our research may be untrustworthy. If a scientific discipline's research is deemed untrustworthy, it can have dire consequences, including the withdraw of funding for future research. In this focal article, we review the current state of reproducibility and replicability in IO psychology and related fields. …


Socio-Economic Management Theory Related To Bpm: A Case Study Of Dysfunctions In Digital Transformation Strategy, Yanfei Zhang, Emmanuel Monod, Gerard Beenen, Yuewei Jiang, Chris H. Willis Jan 2023

Socio-Economic Management Theory Related To Bpm: A Case Study Of Dysfunctions In Digital Transformation Strategy, Yanfei Zhang, Emmanuel Monod, Gerard Beenen, Yuewei Jiang, Chris H. Willis

Management Faculty Publications

This research claims that dynamic strategies demanded by today’s digital environment exacerbate inconsistency between an organization’s digital transformation efforts and its enterprise architecture (EA) planning process. This phenomenon leads to redundant investments, delayed implementation, and frequent failures in digital transformation projects. In order to investigate this inconsistency, we apply the socioeconomic approach to management (SEAM) theory. Through critical analysis of four case studies in a large manufacturing organization, we clarify the relationship between digital transformation and EA and reveal the dysfunction in strategic implementation from a SEAM and business process management (BPM) perspective. In practice, this research integrates digital transformation …


Readiness For Transfer: A Mixed-Methods Study On Icu Transfers Of Care, Soo-Hoon Lee, Clarice Wee, Phillip Phan, Yanika Kowitlawakul, Chee-Kiat Tan, Amartya Mukhopadhyay Jan 2023

Readiness For Transfer: A Mixed-Methods Study On Icu Transfers Of Care, Soo-Hoon Lee, Clarice Wee, Phillip Phan, Yanika Kowitlawakul, Chee-Kiat Tan, Amartya Mukhopadhyay

Management Faculty Publications

Objective Past studies on intensive care unit (ICU) patient transfers compare the efficacy of using standardised checklists against unstructured communications. Less studied are the experiences of clinicians in enacting bidirectional (send/receive) transfers. This study reports on the differences in protocols and data elements between receiving and sending transfers in the ICU, and the elements constituting readiness for transfer.

Methods Mixed-methods study of a 574-bed general hospital in Singapore with a 74-bed ICU for surgical and medical patients. Six focus group discussions (FGDs) with 34 clinicians comprising 15 residents and 19 nurses, followed by a structured questionnaire survey of 140 clinicians …


Interpreting The Magnitude Of Predictor Effect Sizes: It Is Time For More Sensible Benchmarks, Scott Highhouse, Margaret E. Brooks Jan 2023

Interpreting The Magnitude Of Predictor Effect Sizes: It Is Time For More Sensible Benchmarks, Scott Highhouse, Margaret E. Brooks

Management Faculty Publications

No abstract provided.


Improving Workplace Judgments By Reducing Noise: Lessons Learned From A Century Of Selection Research, Scott Highhouse, Margaret E. Brooks Jan 2023

Improving Workplace Judgments By Reducing Noise: Lessons Learned From A Century Of Selection Research, Scott Highhouse, Margaret E. Brooks

Management Faculty Publications

Some assert that noise (i.e., unwanted variance) is the most neglected yet most important source of error in judgment. We suggest that this problem was discovered nearly 100 years ago in the area of personnel selection and that a century of selection research has shown that noise can be demonstrably reduced by structuring the process (i.e., decomposing the component parts, agreeing on standards, and applying those standards consistently) and by aggregating judgments independently. Algorithms can aid significantly in this process but are often confused with methods that, in their current form, can substantially increase noise in judgment (e.g., artificial intelligence …


Teaching Business Ethics: Plato Was Right, David F. Perri, Megan V. Teague Dec 2022

Teaching Business Ethics: Plato Was Right, David F. Perri, Megan V. Teague

Management Faculty Publications

Ethical lapses in major corporations continue to draw public attention to the specter of corporate misconduct. This paper presents a pedagogical approach that is designed to enhance student understanding and appreciation of the challenges that business leaders face when confronted with the conflict between the profit-maximizing demands of capitalism and the ethical expectations of society. This is an approach that fully acknowledges the seductive nature of unethical conduct in search of corporate rewards. This paper presents a method which can be applied both in undergraduate and graduate coursework, facilitates the examination of two corruption cases (Enron and WorldCom), and highlights …


The Process Of Growing In Small Firms: Exploring Dialectic Adjustments To Nonroutine Disruption, Ivana Milosevic, A. Erin Bass, Mary Uhl-Bien Dec 2022

The Process Of Growing In Small Firms: Exploring Dialectic Adjustments To Nonroutine Disruption, Ivana Milosevic, A. Erin Bass, Mary Uhl-Bien

Management Faculty Publications

Studies examining small firm growth have suggested that growth is complex due to the multitude of internal and external factors that disrupt it. However, in focusing mainly on external factors and paying less attention to internal factors, the process of growing – or what is happening inside a small firm as it grows – remains undertheorized. Using findings from a real-time case study of a small firm and insights from the dialectical perspective, we develop a theoretical model that illustrates growth as a dynamic process occurring through dialectic adjustments in response to disruptions that cannot be resolved with routine practices. …


Zero-Defect Manufacturing Utilizing Autonomation In Aerospace, Quinton L. Marks, Abeni El-Amin Ph.D. Dec 2022

Zero-Defect Manufacturing Utilizing Autonomation In Aerospace, Quinton L. Marks, Abeni El-Amin Ph.D.

Management Faculty Publications

Multifunctional manufacturing processes are comprised of zero-defect manufacturing (ZDM), which is inherently a complex process because of the simultaneous operations needed to accomplish zero defects. The application of the ZDM philosophy, together with autonomation, presents significant challenges and opportunities for the implementation of new processes that contribute to innovative manufacturing production processes. An emphasis must be on developing fully integrated, operative solutions, employing many quality systems, digitization, data analytics, and industry standards such as AS9100, ISO 9001, and Advanced Product Quality Planning.


Are California Venture Capitalists The Best Venture Capitalists?, Tyler Hull, Luna Y. Goldblatt Oct 2022

Are California Venture Capitalists The Best Venture Capitalists?, Tyler Hull, Luna Y. Goldblatt

Management Faculty Publications

We test if California VCs significantly outperform VCs from other US states. We additionally test in which instances California VCs outperform the other VC concentrated states of Massachusetts and New York. We find that VCs from California, Massachusetts, and New York have significantly greater probabilities of successfully exiting their investments than VCs from other states. Additionally, we show that California VCs are even more adept than VCs from Massachusetts and New York at 1. Early-stage investments, 2. Helping their entrepreneurial firms receive future rounds of financing, and 3. Helping their backed entrepreneurial firms receive higher IPO valuations and achieve superior …