New Firm Development: Identifying Dormant, Drowsy and Active Firms

Kolvereid, Lars; Bulanova, Oxana; Isaksen, Espen John

doi:10.1504/ijev.2017.10006706

Cited by 1 publication

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“…We assume that starting with a strong resource position could be a sustainable advantage for a new firm, in particular if they are unique, difficult to replicate, and valuable for the type of business that the firm aims to conduct (Kolvereid et al, 2018;Nason and Wiklund, 2018). But resource centric views have been challenged in dynamics context like the ones that new technology-based firms (NTBFs) face (Bhawe et al, 2016;Klyver and Schenkel, 2013;Newbert et al, 2008).…”

Section: Introductionmentioning

confidence: 99%

Bound for glory or cursed for life Exploring the impact of initial resources on the venture emergence of new technology-based firms

Giones

Miralles

2020

IJEV

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The value of existent firm's resources in uncertain and dynamic contexts is unclear. It is difficult to determine whether starting a new firm with a strong resource position will give an advantage in technology-intense contexts. We propose a revision of the role of resources in new tech-based ventures. We adopt a mixed-method approach. We use the cases of 21 new technology firms to build propositions on what factors (resources) play a role in new venture emergence. We then test to what extent those resources make an effect on the new venture emergence using a longitudinal dataset of 400 new technology-based firms. The results show that not all resources matter equally in the early-stages of a new technology-based firm. We identify that specific combinations of entrepreneurial experience and industry knowledge has a positive impact, while other resources such as technology assets, surprisingly, do not generate a clear impact.

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