ABSTRACT
Dr. Aistë Dirzyté from the Psychological Well Being Research Laboratory, Vilnius, Litauenia, has kindly provided the following relevant abstracts addressing the same issue and with more or less the same conclusions as presented in this book. ‘I like how you think’: Similarity as an interaction bias in the investorentrepreneur dyad.Murnieks, Charles Y.; Haynie, J. Michael; Wiltbank, Robert E.; Harting, Troy. Journal of Management Studies, 48(7), 2011, 1533-1561. https://dx.doi.org/10.1111/j.1467-6486.2010.00992.x abstractInvestigating the factors that influence venture capital decision-making has a long tradition in the management and entrepreneurship literatures. However, few studies have considered the factors that might bias an investment decision in a way that is idiosyncratic to a given investor-entrepreneur dyad. We do so in this study. Specifically, we build from the literature on the ‘similarity effect’ to investigate the extent to which decision-making process similarity (shared between the investor and the entrepreneur) might bias or otherwise impact the investor’s evaluation of a new venture investment opportunity. Our findings suggest venture capitalists evaluate more favourably opportunities represented by entrepreneurs who ‘think’ in ways similar to their own. Moreover, in the presence of decision-making process similarity, the impacts of other factors that inform the investment decision actually change in counter-intuitive ways.
