Affiliation:
1. Department of Business Administration, Kinneret Academic College, Bar-Ilan University, Jordan Valley, Israel
Abstract
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.
Publisher
World Scientific Pub Co Pte Lt
Subject
Management of Technology and Innovation
Cited by
3 articles.
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