多元投资者压力下的合法性机制研究:制度逻辑视角
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摘要
制度场域的多元性和新企业的新小弱性共同影响着创业者的决策,面对不同的投资者,如何向他们展示合法性以获取新企业生存和发展所需的财务资源,是一个亟待解决的问题。在确定创业者面对不同投资者时构建的合法性机制的基础上,基于制度逻辑视角提出不同投资者所遵循的制度逻辑以及其依据的合法性标准,并构建了一个框架,尝试从新企业的角度解释面对不同制度逻辑支配的投资者应如何获取合法性。
引文
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[2]徐二明,肖建强,李维光.创业中的合法性阈值跨越过程研究[J].管理学报,2018(4):475~484.
[3]Suchman M.C..Managing legitimacy:Strategic and institutional approaches[J].Academy of Management Review,1995(3):571~610.
[4]Thompson T.,Purdy J.,Ventresca M.J..How entrepreneurial ecosystems take form:Evidence from social impact initiatives in seattle[J].Strategic Entrepreneurship Journal,2018(1):96~116.
[5]überbacher F..Legitimation of new ventures:Areview and research programme[J].Journal of Management Studies,2014(4):667~698.
[6]Denis D.J..Entrepreneurial finance:An overview of the issues and evidence[J].Journal of Corporate Finance,2004(2):301~326.
[7]Bitektine A.,Haack P..The"macro"and the"micro"of legitimacy:Toward a multilevel theory of the legitimacy process[J].Academy of Management Review,2015(1):49~75.
[8]Johnson C..Introduction:Legitimacy processes in organizations[J].Research in the Sociology of Organizations,2004(22):1~24.
[9]Golant B.D.,Sollince J.A.A..The constitution of organizational legitimacy:A narrative perspective[J].Organization Studies,2007(8):1149~1167.
[10]Tost L.P..An integrative model of legitimacy judgments[J].Academy of Management Review,2011(4):686~710.
[11]Deephouse D.L.,Suchman M..Legitimacy in organizational institutionalism[M].London:Sage,2008:1~100.
[12]Ruebotton T..The microstructures of rhetorical strategy in social entrepreneurship:Building legitimacy through heroes and villains[J].Journal of Business Venturing,2013(1):98~116.
[13]Meyer J.W.,Rowan B..Institutionalized organizations:Formal structure as Myth and Ceremony[J].American Journal of Sociology,1977(2):340~363.
[14]Cohen B.D.,Dean T.J..Information asymmetry and investor valuation of IPOs:Top management team legitimacy as a capital market signal[J].Strategic Management Journal,2005(7):683~690.
[15]Rindova V.P.,Petkova A.P.,Kotha S..Standing out:How new firms in emerging markets build reputation[J].Strategic Organization,2007(1):31~70.
[16]Kistruck G.M.,Webb J.W.,Sutter C.J.,et al..The double-edged sword of legitimacy in base-of-the-pyramid markets[J].Journal of Business Venturing,2015(3):436~451.
[17]Thornton P.H.,Ocasio W.,Lounsbury M..The institutional logics perspective:A new approach to culture,structure,and process[M].Oxford:Oxford University Press,2012:1~100.
[18]Pahnke E.C.,Katila R.,Eisenhardt K.M..Who takes you to the dance?How partners'institutional logics influence innovation in young firms[J].Administrative Science Quarterly,2015(4):596~633.
[19]Van Osnabrugge M.,Robinson R.J..Angel investing-matching startup funds with startup companies:The guide for entrepreneurs and individual investors[M].Hoboken:John Wiley&Sons,2000:1~200.
[20]Becker-Blease J.R.,Sohl J.E..New venture legitimacy:The conditions for angel investors[J].Small Business Economics,2015(4):735~749.
[21]王雪莉,董念念.中国式众筹的信任如何构建和演化?--基于水木客众筹行为的案例研究[J].管理评论,2018(1):242~255.
[22]王佳妮,李阳,刘曼红.中国天使投资发展趋势与对策研究[J].科研管理,2015(10):161~168.
[23]Gruber M.,Fauchart E..Darwinians,communitarians and missionaries:The role of founder identity in entrepreneurship[J].Academy of Management Journal,2011(5):935~957.