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What resources make ventures successful? This question, at the intersection of innovation, entrepreneurship, and finance, drives my research. I study how the identification and acquisition of resources affect venture founding, innovation, and IPOs. My research contributes by highlighting the boundary conditions under which resources that are typically considered beneficial to ventures—such as venture capital, well-connected partners, or star employees—can be less helpful, or even harmful.

Published Research

*Bermiss, Y., Hallen, B., McDonald, R. & Pahnke, E.C. 2017 Entrepreneurial Beacons:  The Yale Endowment, Run-ups, and the Growth of Venture Capital. Strategic Management Journal 38(3): 545-65.

Hallen, B. & Pahnke, E.C. 2016. When Do Entrepreneurs Accurately Evaluate Venture Capital Firm's Track Records? A Bounded Rationality Perspective.  Academy of Management Journal. 59(5): 1535-60

Kim, J. Y., Howard, M., Pahnke, E. C. & Boeker, W. 2016. Understanding Network Formation in Strategy Research: Exponential Random Graph Models. Strategic Management Journal. 37(1): 22-44

Pahnke, E.C., Katila, R. & Eisenhardt, K.M. 2015. Who Takes You to the Dance? How Partners’ Institutional Logics Influence Innovation in Young Firms. Administrative Science Quarterly. 60(4): 596-633

Pahnke, E.C., McDonald, R., Wang, D. & Hallen, B. 2015. Exposed: Venture Capital, Competitor Ties, and Entrepreneurial Innovation.  Academy of Management Journal. 58(5): 1334-1360

Shah, S.K. & Pahnke, E.C. 2014. Parting the Ivory curtain: Understanding How Universities Support a Diverse Set of Startups. The Journal of Technology Transfer. 39(5): 780-792

*authors are listed alphabetically and contributed equally

Selected Media Mentions

These VC Partners May Make Your Firm Less Innovative (Harvard Business School Working Knowledge)

Startups Working With Venture Capital Firms Perform the Best (London School of Economics Blog)

Beware the Potential Downsides of Venture Capital Relationships (Xconomy)