Table 1 The comparison effect of VC intra- and extra-industrial reputations
VC reputation | Resource inflows | Resource outflows | Result |
|---|---|---|---|
Intra-industrial | Strong Strong signaling role; Strong resource role (can be easily absorbed); | Weak Internalizing resources by absorbing; Resource outflows offset by absorptive resource inflows; | Ein > Eout Blessing effect |
Extra-industrial | Weak Weak signaling role; Strong resource role (but poorly absorbed); | Strong Ignorance of internal resources cultivation; Resource outflows more than offset by poorly absorptive resource inflows. | Eout > Ein Curse effect |