Survival Chances of Newly Founded Business Organizations

Brüderl, Josef; Preisendörfer, Peter; Ziegler, Rolf

doi:10.2307/2096207

Cited by 1,108 publications

(832 citation statements)

References 5 publications

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“…In addition, it is very difficult to gather accurate accounting data, since many of those firms did not establish an accurate formal accounting system yet. We could not use the speed of shipping first product for revenues after foundation , organizational growth or organizational survival (Brüderl, Preisendörfer, and Ziegler, 1992), since we did not have firm level data from the founding. After interviewing top managers of our sample firms and considering prior studies on venture performance, we decided to use competitiveness of products/services to reflect the fact that entrepreneurs usually found new business ventures with the objectives of out-competing or replacing existing companies or creating a new market niche.…”

Section: Measurement Of Organizational Performancementioning

confidence: 99%

“…Since the industry experience of entrepreneur is a very important predictor of venture performance (Brüderl, Preisendörfer, and Ziegler, 1992), we controlled the length of entrepreneur's industry experience.…”

Section: Control Variablesmentioning

confidence: 99%

“…This paper invokes firm-level theories to account for the variation in wealth creation among entrepreneurial firms. Obviously, new ventures, still in the stage of adolescence (Brüderl, Preisendörfer, and Ziegler, 1992) have not yet experienced the initial selection process through which substandard firms are cleared by the market. Let us review the two theories that are central to this inquiry.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Internal capabilities, external networks, and performance: a study on technology‐based ventures

Choonwoo

Lee

Pennings

2001

Strategic Management Journal

1,515

1,110

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This study examined the influence of internal capabilities and external networks on firm performance by using data from 137 Korean technological start-up companies. Internal capabilities were operationalized by entrepreneurial orientation, technological capabilities, and financial resources invested during the development period. External networks were captured by partnership-and sponsorship-based linkages. Partnership-based linkages were measured by strategic alliances with other enterprises and venture capitalists, collaboration with universities or research institutes, and participation in venture associations. Sponsorshipbased linkages consisted of financial and nonfinancial support from commercial banks and the Korean government. Sales growth indicated the start-up's performance. Regression results showed that the three indicators of internal capabilities are important predictors of a start-up's performance. Among external networks, only the linkages to venture capital companies predicted the start-up's performance. Several interaction terms between internal capabilities and partnership-based linkages have a statistically significant influence on performance. Sponsorship-based linkages do not have individual effects on performance but linkage with financial institutions has a multiplicative effect with technological capabilities and financial resources invested on a start-up's performance. Implications and directions for future research were discussed. ABSTRACTThis study examined the influence of internal capabilities and organizational linkages to external entities on firm performance by using data from 143 Korean business ventures.

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Section: Measurement Of Organizational Performancementioning

confidence: 99%

Section: Control Variablesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Internal capabilities, external networks, and performance: a study on technology‐based ventures

Choonwoo

Lee

Pennings

2001

Strategic Management Journal

1,515

1,110

View full text Add to dashboard Cite

show abstract

“…Experience gained in previous self-employment episodes is a preparation for the entrepreneurial role (Brüderl et al, 1992: 229; see also Marino and De Noble, 1997;Colombo and Grilli, 2005;van Gelderen et al, 2006). Starting a new business requires specific management know-how, for example with respect to finances or organization of production or marketing.…”

Section: Founder Characteristicsmentioning

confidence: 99%

What determines the innovation capability of firm founders?

Arvanitis

Stucki²

2012

Industrial and Corporate Change

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Innovative start-ups, not start-ups in general, seem to be important drivers of economic growth. However, little is known about what such firms look like. As activities of start-ups are strongly related to firm founders, we investigate this question focusing on the innovation capability of firm founders. We find that the combination of different founder characteristics such as university education (at best a combination of technical and commercial education), prior experience in R&D, and strong motivation to realize own innovative ideas increases the likelihood that a start-up has innovative activities, especially the likelihood of R&D activities, by 440%.JEL classification: M13, L26, O30.

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“…New spin-offs lack a track record of customers, which makes it difficult for potential business partners to assess a new firm's credibility [18]. This liability of newness [19] is nourished by uncertainty regarding the quality of the new firm's products or services and its organisational stability that consequently results in a lack of social approval. Again, alliance literature postulates that partnerships with prominent organisations provide access to external legitimacy and status [20].…”

Section: Supportive University Infrastructuresmentioning

confidence: 99%

How university incubators may be overprotective and hindering the success of the young firm: Findings from a preliminary study

Trott

Scholten

Hartmann

2008

2008 IEEE International Engineering Management Conference

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Abstract-This paper investigates to what extent universityspin-offs benefit from their parent organization. Drawing from the resource based view and social capital theory we identify the support factors that may turn to interference with the spinoffs business goals. This study has a case study approach and data is collected among high-tech university spin-offs in the Netherlands. Preliminary findings provide insight in the extent to which support is valuable and when it can hamper the progress of the spin-off creation. Understanding the dynamics of the support can help improve the spin-off incubation programs.

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Survival Chances of Newly Founded Business Organizations

Cited by 1,108 publications

References 5 publications

Internal capabilities, external networks, and performance: a study on technology‐based ventures

Internal capabilities, external networks, and performance: a study on technology‐based ventures

What determines the innovation capability of firm founders?

How university incubators may be overprotective and hindering the success of the young firm: Findings from a preliminary study

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