Only the Good Die Young? A Review of Liability of Newness and Related New Venture Mortality Research

Nagy, Brian G.; Lohrke, Franz T.

doi:10.4337/9781849806947.00019

Cited by 13 publications

(13 citation statements)

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“…What Nelson and Winter did at a micro economic level, Howard Aldrich (1979) Most research to date has focused on external issues related to the liability of newness, rather than internal aspects that may influence the evolution of new ventures (Nagy and Lohrke, 2010). However, one 'internal' approach is the resource-based view (RBV), in which a firm's competitiveness is enhanced by the extent to which it can develop and maintain control over its resources or capabilities.…”

Section: In Our Analysis Richard Nelson and Sidney Winter's Book Evomentioning

confidence: 99%

Entrepreneurship: Exploring the knowledge base

2012

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Entrepreneurship research has a long tradition and since the 1980s the field has grown significantly. In this study we identify the ‘knowledge producers’ who have shaped the field over time and their core entrepreneurship research works. A unique database consisting of all references in twelve entrepreneurship ‘handbooks’ (or state-of-the-art books) has been developed. The chapters in these handbooks were written by experts within the field, and it can be assumed that the most frequently cited references represent ‘core knowledge’ with relevance to entrepreneurship research.\ud \ud From our analysis, it appears that entrepreneurship is a rather changeable field of research, closely linked to disciplines such as ‘management studies’ and ‘economics’. Over time, the field has become more formalized with its own core knowledge, research specialities and an increasing number of ‘insider works’. However, it is still based on some fairly old theoretical frameworks imported from mainstream disciplines, although during the last decade we have seen the emergence of a number of new field-specific concepts and theories. We argue that to successfully develop entrepreneurship research in the future, we need to relate new research opportunities to earlier knowledge within the field, which calls for a stronger ‘knowledge-based’ focus. We would also like to see greater integration between the fields of entrepreneurship and innovation studies in the future

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Section: In Our Analysis Richard Nelson and Sidney Winter's Book Evomentioning

confidence: 99%

Entrepreneurship: Exploring the knowledge base

2012

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“…Conditions of uncertainty and incomplete information characterise most "real world" contexts of institutional reform efforts. Over and above purposive resistance by actors opposed to reform, and cognitive processes by actors (of all types) to reduce unfamiliarity and uncertainty, I argue that the quest for legitimacy to attenuate the "liability of newness" provides an important part of the puzzle (Stinchcombe 1965;Nagy and Lohrke 2010). In seeking internal and external credibility and legitimacy, actors in new institutions are likely to fall back on authoritative modes, firmly anchored and recognisably sowhich tend to be older, more traditional, and hegemonically masculinised rules, gendered logics of appropriateness (Chappell 2006) and ways of doing things.…”

Section: The Liability Of Newness and The Gendered Limits Of Changementioning

confidence: 99%

Nested Newness, Institutional Innovation, and the Gendered Limits of Change

2014

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“…In an attempt to understand and explain the challenges faced by firms during these early years, entrepreneurship scholars have adapted the legitimacy construct and applied it in the context of new ventures (e.g., Nagy & Lohrke, 2010). This adaptation represents the fundamental premise of organizational legitimacy while acknowledging that businesses are different during each phase of the life cycle.…”

Section: Sociopolitical Legitimacy In New Venturesmentioning

confidence: 99%

“…How do new ventures overcome liabilities of newness? Many scholars, including Stinchcombe (1965), hold that the most important way to overcome the liabilities of newness is by receiving judgments of appropriateness from stakeholders—that is, by being granted legitimacy (Choi & Shepherd, 2005; Nagy & Lohrke, 2010; Zimmerman & Zeitz, 2002). Because of the key role legitimacy plays in alleviating liabilities of newness, researchers have begun to investigate the actions or characteristics exhibited by entrepreneurs to positively affect the granting of legitimacy (e.g., Delmar & Shane, 2004, 2006).…”

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confidence: 99%

Does Establishing Sociopolitical Legitimacy Overcome Liabilities of Newness? A Longitudinal Analysis of Top Performers

Rutherford

Mazzei

Oswald

et al. 2016

Group & Organization Management

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This work builds upon an existing stream of research that seeks to empirically elucidate the role of legitimacy in helping entrepreneurs overcome liabilities of newness. More specifically, we examine the relationship between legitimating activities and performance in new ventures. We add to the empirical literature on the legitimacy/performance relation by focusing on top performing firms (on multiple performance measures) during the initial phase of the organizational life cycle. Moreover, we submit that our longitudinal sample, which includes data from nearly 5,000 new ventures, offers an important opportunity to enhance the external validity of this base of literature. Interestingly, we find that the value of engaging in legitimating activities depends upon the outcome measure. With regard to top line performance, and in accordance with theory and extant literature, we find that companies engaging in more legitimating activities at start-up

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Only the Good Die Young? A Review of Liability of Newness and Related New Venture Mortality Research

Cited by 13 publications

References 0 publications

Entrepreneurship: Exploring the knowledge base

Entrepreneurship: Exploring the knowledge base

Nested Newness, Institutional Innovation, and the Gendered Limits of Change

Does Establishing Sociopolitical Legitimacy Overcome Liabilities of Newness? A Longitudinal Analysis of Top Performers

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