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The spatial configuration of the entrepreneurial support network for the semiconductor industry
Author(s) -
Patton Donald,
Kenney Martin
Publication year - 2005
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/j.1467-9310.2005.00368.x
Subject(s) - venture capital , business , investment (military) , initial public offering , semiconductor industry , social venture capital , finance , marketing , industrial organization , law , politics , political science , engineering , manufacturing engineering
This study is the first to examine the spatial location of different actors in the entrepreneurial support network for high‐technology start‐up firms. The actors included in this study are lead venture capitalists, independent members of the board of directors, investment bankers, and law firms. Using data based on 44 semiconductor initial public offerings, the geographical location of these newly public firms and the actors in their support network is mapped, and the spatial relationships between these firms and their network are examined. It was found that the geographical proximity between these actors and the firms they support varied significantly, with a firm's legal counsel being the most proximate, followed by investment bankers, venture capitalists, and independent directors.