{"id":"https://openalex.org/W4409479566","doi":"https://doi.org/10.1287/mnsc.2024.05115","title":"The Economics of Advice: Evidence from Start-up Mentoring","display_name":"The Economics of Advice: Evidence from Start-up Mentoring","publication_year":2025,"publication_date":"2025-04-15","ids":{"openalex":"https://openalex.org/W4409479566","doi":"https://doi.org/10.1287/mnsc.2024.05115"},"language":"en","primary_location":{"id":"doi:10.1287/mnsc.2024.05115","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2024.05115","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5025047327","display_name":"Amir Sariri","orcid":"https://orcid.org/0000-0003-2644-0349"},"institutions":[{"id":"https://openalex.org/I219193219","display_name":"Purdue University West Lafayette","ror":"https://ror.org/02dqehb95","country_code":"US","type":"education","lineage":["https://openalex.org/I219193219"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Amir Sariri","raw_affiliation_strings":["Strategic Management, Daniels School of Business, Purdue University, West Lafayette, Indiana 47907"],"affiliations":[{"raw_affiliation_string":"Strategic Management, Daniels School of Business, Purdue University, West Lafayette, Indiana 47907","institution_ids":["https://openalex.org/I219193219"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5025047327"],"corresponding_institution_ids":["https://openalex.org/I219193219"],"apc_list":null,"apc_paid":null,"fwci":20.1649,"has_fulltext":false,"cited_by_count":5,"citation_normalized_percentile":{"value":0.99037252,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":99},"biblio":{"volume":"71","issue":"12","first_page":"10022","last_page":"10046"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12722","display_name":"Innovation Policy and R&D","score":0.9947999715805054,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10058","display_name":"Entrepreneurship Studies and Influences","score":0.988099992275238,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/advice","display_name":"Advice (programming)","score":0.8332353830337524},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.42518842220306396},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.3561343252658844},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.29614272713661194}],"concepts":[{"id":"https://openalex.org/C2779955035","wikidata":"https://www.wikidata.org/wiki/Q4686785","display_name":"Advice (programming)","level":2,"score":0.8332353830337524},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.42518842220306396},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3561343252658844},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.29614272713661194},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1287/mnsc.2024.05115","is_oa":false,"landing_page_url":"https://doi.org/10.1287/mnsc.2024.05115","pdf_url":null,"source":{"id":"https://openalex.org/S33323087","display_name":"Management Science","issn_l":"0025-1909","issn":["0025-1909","1526-5501"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315699","host_organization_name":"Institute for Operations Research and the Management Sciences","host_organization_lineage":["https://openalex.org/P4310315699"],"host_organization_lineage_names":["Institute for Operations Research and the Management Sciences"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management Science","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":70,"referenced_works":["https://openalex.org/W575598456","https://openalex.org/W592683372","https://openalex.org/W655637859","https://openalex.org/W1524911922","https://openalex.org/W1538492251","https://openalex.org/W1813148078","https://openalex.org/W1855283887","https://openalex.org/W1966598925","https://openalex.org/W1981221630","https://openalex.org/W1990980528","https://openalex.org/W2010440522","https://openalex.org/W2014793832","https://openalex.org/W2016253711","https://openalex.org/W2017522108","https://openalex.org/W2030747846","https://openalex.org/W2048832996","https://openalex.org/W2071128202","https://openalex.org/W2077968320","https://openalex.org/W2091066942","https://openalex.org/W2097177076","https://openalex.org/W2098665914","https://openalex.org/W2105738429","https://openalex.org/W2118379904","https://openalex.org/W2133587644","https://openalex.org/W2143917806","https://openalex.org/W2147146578","https://openalex.org/W2152218205","https://openalex.org/W2164284962","https://openalex.org/W2251104414","https://openalex.org/W2504805334","https://openalex.org/W2583392842","https://openalex.org/W2602083049","https://openalex.org/W2767996707","https://openalex.org/W2774308258","https://openalex.org/W2883884789","https://openalex.org/W2912252327","https://openalex.org/W2954550564","https://openalex.org/W2963750605","https://openalex.org/W2967932666","https://openalex.org/W3037226056","https://openalex.org/W3039276754","https://openalex.org/W3121236930","https://openalex.org/W3122204825","https://openalex.org/W3122371828","https://openalex.org/W3123177987","https://openalex.org/W3123397884","https://openalex.org/W3123885857","https://openalex.org/W3124376863","https://openalex.org/W3124616546","https://openalex.org/W3124671214","https://openalex.org/W3124729337","https://openalex.org/W3124826221","https://openalex.org/W3124893686","https://openalex.org/W3125053407","https://openalex.org/W3125350889","https://openalex.org/W3125423602","https://openalex.org/W3126002800","https://openalex.org/W3126059808","https://openalex.org/W3126068109","https://openalex.org/W3153001436","https://openalex.org/W3210425023","https://openalex.org/W3214241611","https://openalex.org/W4210969543","https://openalex.org/W4252991927","https://openalex.org/W4385886569","https://openalex.org/W4385899405","https://openalex.org/W4386965733","https://openalex.org/W4391155230","https://openalex.org/W4393152018","https://openalex.org/W4400516011"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W4393601209","https://openalex.org/W4404663548","https://openalex.org/W3090906284","https://openalex.org/W253876680","https://openalex.org/W4393803066","https://openalex.org/W1987931999","https://openalex.org/W4293797372","https://openalex.org/W4238052600","https://openalex.org/W4254639292"],"abstract_inverted_index":{"This":[0,168],"paper":[1,169],"examines":[2],"the":[3,143,183],"role":[4],"of":[5,42,69,77,163,185],"advice":[6,49,59,79],"in":[7,35,93,99,106,159],"early":[8,61],"firm":[9,62],"development":[10],"and":[11,24,84,89,121,135,153,192,204],"growth,":[12],"drawing":[13],"on":[14,132],"detailed":[15],"data":[16,205],"from":[17,182],"a":[18,66,74,148,156],"global":[19],"program":[20],"where":[21],"angel":[22],"investors":[23],"venture":[25],"capitalists":[26],"(VCs)":[27],"mentored":[28],"founders":[29,119],"over":[30],"several":[31],"months.":[32],"Leveraging":[33],"variation":[34],"mentors\u2019":[36,78],"availability":[37],"to":[38,81,103,117],"support":[39,131,181],"start-ups":[40,105],"because":[41,162],"personal":[43],"scheduling":[44],"conflicts,":[45],"I":[46,64,138],"find":[47,139],"that":[48,73,145,160],"significantly":[50,98],"improves":[51],"start-ups\u2019":[52],"future":[53],"market":[54,124],"performance.":[55],"To":[56],"explore":[57],"how":[58],"shapes":[60],"development,":[63],"develop":[65],"novel":[67],"typology":[68],"start-up":[70],"activities,":[71],"finding":[72],"defining":[75],"element":[76],"is":[80,147],"do":[82],"less":[83],"learn":[85],"more.":[86],"Although":[87],"angels":[88,154],"VCs":[90,116,127],"are":[91,112,207],"consistent":[92,141],"this":[94],"message,":[95],"they":[96,101],"differ":[97],"when":[100],"choose":[102],"advise":[104],"achieving":[107],"their":[108],"business":[109,133,175],"objectives.":[110],"Angels":[111],"more":[113,129,165],"likely":[114],"than":[115],"help":[118],"design":[120],"execute":[122],"product":[123],"experiments,":[125],"whereas":[126],"provide":[128],"mentoring":[130],"analysis":[134],"planning":[136],"tasks.":[137],"evidence":[140],"with":[142],"hypothesis":[144],"experimentation":[146],"skill":[149,157],"developed":[150],"via":[151],"learning-by-doing,":[152],"have":[155],"advantage":[158],"domain":[161],"having":[164],"operational":[166],"experience.":[167],"was":[170],"accepted":[171],"by":[172],"Alfonso":[173],"Gambardella,":[174],"strategy.":[176],"Funding:":[177],"The":[178,201],"author":[179],"acknowledges":[180],"Government":[184],"Canada\u2019s":[186],"Strategic":[187],"Innovation":[188],"Fund":[189],"[Grant":[190,197],"811949]":[191],"RBC":[193],"Borealis":[194],"Graduate":[195],"Fellowship":[196],"2018-0439].":[198],"Supplemental":[199],"Material:":[200],"online":[202],"appendix":[203],"files":[206],"available":[208],"at":[209],"https://doi.org/10.1287/mnsc.2024.05115":[210],".":[211]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":4}],"updated_date":"2026-03-22T08:09:32.410652","created_date":"2025-10-10T00:00:00"}
