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Networks connecting two important supporting institutions-law firms and venture capital partnerships-explain regions' disparate abilities to sustain diverse high-technology ventures. In order to explain the diversity of entrepreneurial activity in a region, we distinguish between institutional capacity – the number of law firms and venture capitalists in a(More)
Keywords: Network mechanism Multiple networks Inter-organizational networks High technology industries Initial public offering a b s t r a c t This paper develops a new approach to the study of network effects in organizations and markets by proposing that structural influences on social and economic action result from contingent blends of well-understood(More)
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