Converging Tides Lift All Boats: Consensus in Evaluation Criteria Boosts Investments in Firms in Nascent Technology Sectors

The authors acknowledge research support from the Innovation, Entrepreneurship, and Technology Theme research grant and Jeffrey S. Lehman Fund for Scholarly Exchange with China at Cornell University. The authors thank Chris Marquis, Glen Dowell, Rodolphe Durand, Wesley Sine, Yuan Shi, and Shon Hiatt, who have provided helpful comments on earlier versions of this paper. The authors are appreciative of the guidance and suggestions from special issue editors Olenka Kacperczyk, Sheen Levine, Oliver Schilke, and Lynn Zucker and two anonymous reviewers.