| Table
1
Explaining Contractual Governance |
| Predictor Variables |
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| Relative Experience Variables: | |||
| New Venture Experience |
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| Relevant Industry Experience |
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| General Management Experience |
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| Investor Related Variables: |
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| Investor Experience |
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| Active Involvement |
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| Deal Attribute Variables: |
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| Investment Style |
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| Investment Size |
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| Inverse of Investment Size |
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| Respondent Equity Stake |
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| Nature of Referral Source |
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| Interpersonal Trust |
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| Presence of Investor-Employee |
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| Control Variables: |
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| Stage of Development |
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| Distance from Venture |
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One tailed test of significance: *p < .05; **p < .01; ***p < .001