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Survival and Employment Growth Contrasts between Types of Owner-Managed High-Technology Firms

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  • Paul Westhead

Abstract

This paper examines performance differences between “types†of owner-managed high-technology businesses. Four distinct types of firms are Identified. Technically qualnled spln-out founders“ were the most likely to survive, whilst “young firms with limited technical networks established by Inexperienced founders†were the least likely. Firms In clusters 2 (“technically qualified novice founders utilizing the financial network†) and 1 (“technically qualified spln-out founders†) were more likely to experience employment growth.

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  • Paul Westhead, 1995. "Survival and Employment Growth Contrasts between Types of Owner-Managed High-Technology Firms," Entrepreneurship Theory and Practice, , vol. 20(1), pages 5-28, October.
    • Handle: RePEc:sae:entthe:v:20:y:1995:i:1:p:5-28
    DOI: 10.1177/104225879502000101
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    Cited by:

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    2. Bernard Kwamena Cobbina Essel & Faizal Adams & Kwadwo Amankwah, 2019. "Effect of entrepreneur, firm, and institutional characteristics on small-scale firm performance in Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-20, December.
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    6. Francis J. Greene & Kevin F. Mole & David J. Storey, 2004. "Does More Mean Worse? Three Decades of Enterprise Policy in the Tees Valley," Urban Studies, Urban Studies Journal Limited, vol. 41(7), pages 1207-1228, June.
    7. Henry Renski, 2015. "Externalities or Experience? Localization Economies and Start-up Business Survival," Growth and Change, Wiley Blackwell, vol. 46(3), pages 458-480, September.
    8. Eresia-Eke Eresia-Eke, 2013. "Can Owner-Manager Characteristics Signal Small Business Loan Default Propensity?," Journal of Economics and Behavioral Studies, AMH International, vol. 5(11), pages 762-776.
    9. Reuben Vinnell & R. T. Hamilton, 1999. "A Historical Perspective on Small Firm Development," Entrepreneurship Theory and Practice, , vol. 23(4), pages 5-18, July.
    10. Williams, Trenton A. & Shepherd, Dean A., 2016. "Victim entrepreneurs doing well by doing good: Venture creation and well-being in the aftermath of a resource shock," Journal of Business Venturing, Elsevier, vol. 31(4), pages 365-387.
    11. Alain Gilles FOKA TAGNE & Nestor Magloire LETSINA & David Claude NOUHOU NKENGANG & Aurélien FOMEKONG NOUBOSSE, 2021. "Rôle des outils de contrôle de gestion dans l’amélioration de la performance organisationnelle des entreprises au Cameroun," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 12(2), pages 103-123, December.
    12. Florin, Juan, 2005. "Is venture capital worth it? Effects on firm performance and founder returns," Journal of Business Venturing, Elsevier, vol. 20(1), pages 113-135, January.
    13. Westhead, Paul & Wright, Mike, 1998. "Novice, portfolio, and serial founders: are they different?," Journal of Business Venturing, Elsevier, vol. 13(3), pages 173-204, May.
    14. Robert J. Sweeney & Robert F. Scherer & Janet Goulet & Waldemar M. Goulet, 1996. "Investment Behavior and the Small Firm Effect," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 5(3), pages 251-269, Fall.
    15. Jerry X. Cao & Yuan Ding & Hua Zhang, 2016. "Social Capital, Informal Governance, and Post-IPO Firm Performance: A Study of Chinese Entrepreneurial Firms," Journal of Business Ethics, Springer, vol. 134(4), pages 529-551, April.
    16. Paul Westhead & Mike Wright, 1998. "Novice, Portfolio, and Serial Founders in Rural and Urban Areas," Entrepreneurship Theory and Practice, , vol. 22(4), pages 63-100, July.
    17. Diego Matricano & Mario Sorrentino, 2021. "Does Love Money Affect Vocational Behavior? Empirical Evidence from Italian Entrepreneurs," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(7), pages 110-110, July.
    18. Brush, Candida G. & Chaganti, Radha, 1999. "Businesses without glamour? an analysis of resources on performance by size and age in small service and retail firms," Journal of Business Venturing, Elsevier, vol. 14(3), pages 233-257, May.
    19. Martha Suhardiyah & Subakir & Sulistyowati, 2016. "Analysis of Factors Affecting: Sales Volume of Small and Medium Enterprises (SMEs) in Surabaya," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(5), pages 63-74, May.
    20. Paul Westhead & Marc Cowling, 1998. "Family Firm Research: The Need for a Methodological Rethink," Entrepreneurship Theory and Practice, , vol. 23(1), pages 31-56, October.
    21. Bah, El-hadj & Brada, Josef C. & Yigit, Taner, 2011. "With a little help from our friends: The effect of USAID assistance on SME growth in a transition economy," Journal of Comparative Economics, Elsevier, vol. 39(2), pages 205-220, June.
    22. Henar Alcalde & Maribel Guerrero, 2016. "Open business models in entrepreneurial stages: evidence from young Spanish firms during expansionary and recessionary periods," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 393-413, June.
    23. Corbett, Andrew C., 2007. "Learning asymmetries and the discovery of entrepreneurial opportunities," Journal of Business Venturing, Elsevier, vol. 22(1), pages 97-118, January.
    24. Westhead, Paul & Wright, Mike & Ucbasaran, Deniz, 2001. "The internationalization of new and small firms: A resource-based view," Journal of Business Venturing, Elsevier, vol. 16(4), pages 333-358, July.
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