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“名校”、“名企”出身有助于提高创业者获得风险投资的可能性吗?基于地位信号理论,本文认为,在信息不对称和信息不完全的条件下,通过质量认证和背书、信息和资源收益、地位转移效应等三种机制,创业者所出身组织的创业知名度可作为一种信号影响外部投资者对其质量的感知,进而影响到其获得早期阶段投资的可能性。利用基于IT桔子信息网编码而成的数据库进行的实证研究发现,无论是创业者所毕业学校的创业知名度还是创业者前工作单位的创业知名度,对创业公司获得天使轮和A轮融资的可能性都具有显著影响。“名校”和“名企”出身有助于提高创业者获得早期阶段风险投资的可能性,不过,工作单位出身比大学出身的影响更显著。
“Elite ”, “name ” origin can help to increase the possibility of entrepreneurs to obtain venture capital? Based on the status signal theory, this paper believes that under the conditions of information asymmetry and incomplete information through quality certification And endorsement, information and resource benefits, status transfer effect and other three mechanisms, entrepreneurial organization of entrepreneurial visibility can be used as a signal to affect the quality of external investors perception, thereby affecting their access to early stages of the possibility of investment . An empirical study using a database encoded based on the IT Orange Information Network found that both the entrepreneurial start-up school’s entrepreneurial awareness and the entrepreneur’s former employer’s entrepreneurial visibility made it possible for startups to raise angel rounds and round A Have a significant impact. “Elite ” and “famous enterprises ” born can help to increase the possibility of entrepreneurs to obtain early stage venture capital, but the work unit origin is more significant than college background.