TY - JOUR
T1 - Evaluation of core and symbolic capabilities during due-diligence processes in new biotechnology firms
AU - Klein, Galit
N1 - Publisher Copyright:
© 2014 World Scientific Publishing Company.
PY - 2014/12/22
Y1 - 2014/12/22
N2 - This study discusses the role of core and symbolic capabilities during due-diligence processes when investing in companies in turbulent fields such as the biotechnology industry. The results indicate that investors' evaluations are hierarchical and are based on two premises. First, investors look for core capabilities - the characteristics that signal the potential for future success. They then search for symbolic elements, such as reputation, to confirm their decisions. The study expands earlier models of investors' evaluation processes. It also offers new insights for entrepreneurs of biotechnology firms.
AB - This study discusses the role of core and symbolic capabilities during due-diligence processes when investing in companies in turbulent fields such as the biotechnology industry. The results indicate that investors' evaluations are hierarchical and are based on two premises. First, investors look for core capabilities - the characteristics that signal the potential for future success. They then search for symbolic elements, such as reputation, to confirm their decisions. The study expands earlier models of investors' evaluation processes. It also offers new insights for entrepreneurs of biotechnology firms.
KW - Biotechnology companies
KW - Core capabilities
KW - Due-diligence process
KW - Entrepreneurs
KW - Evaluation
KW - Investments
KW - Investors
KW - Symbolic capabilities
KW - Venture capital
UR - http://www.scopus.com/inward/record.url?scp=84929606051&partnerID=8YFLogxK
U2 - 10.1142/S0219877014500436
DO - 10.1142/S0219877014500436
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AN - SCOPUS:84929606051
SN - 0219-8770
VL - 11
JO - International Journal of Innovation and Technology Management
JF - International Journal of Innovation and Technology Management
IS - 6
M1 - 1450043
ER -