Testable propositions and their content
| Proposition | Content |
|---|---|
| P1 | Signal strength (signaling theory) moderates the severity of adverse selection problems (agency theory) such that stronger signals reduce contractual safeguards demanded by investors |
| P2 | Resource orchestration capacity (RBV) moderates the postinvestment agency costs such that ventures with higher absorptive capacity experience lower monitoring intensity |
| P3 | The effectiveness of signaling → agency → RBV sequencing is contingent on institutional context, with weaker effects in emerging economies where alternative governance mechanisms operate |
| Proposition | Content |
|---|---|
| P1 | Signal strength (signaling theory) |
| P2 | Resource orchestration capacity (RBV) |
| P3 | The effectiveness of signaling → agency → RBV sequencing is |
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