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Determinants of Venture Performance in Singapore

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  • Clement K. Wang
  • Bee Lian Ang

Abstract

Based on a survey of Singapore venture capital (VC)‐backed firms, we find that environment, resource‐based capabilities, strategy, and VC firms’ involvement affect the venture performance significantly. The environment is a major constraint within which a firm's strategy is developed. While managers formulate and implement strategies, these strategies do not determine the eventual success directly. The strategy formulated should be complemented by a firm's resource‐based capabilities. Firms that do not match their strategy and resources could lead to unfocused and unproductive efforts. Evidence shows that the “fit” between resource‐based capabilities and strategy partially affects the venture performance. Our study provides implications for both venture capitalists and entrepreneurs in finding the right partner and in cooperating with each other.

Suggested Citation

  • Clement K. Wang & Bee Lian Ang, 2004. "Determinants of Venture Performance in Singapore," Journal of Small Business Management, Taylor & Francis Journals, vol. 42(4), pages 347-363, October.
    • Handle: RePEc:taf:ujbmxx:v:42:y:2004:i:4:p:347-363
    DOI: 10.1111/j.1540-627X.2004.00116.x
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    Cited by:

    1. David B. Audretsch & Antje Fiedler, 2023. "Does the entrepreneurial state crowd out entrepreneurship?," Small Business Economics, Springer, vol. 60(2), pages 573-589, February.
    2. Stephen Makau Muathe & Eunice Dushime & Lucy Kavindah, 2023. "Elevating SMEs Performance through Entrepreneurial Innovation and Government Regulations in Bujumbura, Burundi," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(5), pages 194-208, May.
    3. Wilson, Grant Alexander & Case, Tyler & Dobni, C. Brooke, 2023. "A global study of innovation-oriented firms: Dimensions, practices, and performance," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    4. Amirmahmood Amini Sedeh & Rosa Caiazza & Amir Pezeshkan, 2023. "Unraveling the resource puzzle: exploring entrepreneurial resource management and the quest for new venture success," The Journal of Technology Transfer, Springer, vol. 48(5), pages 1552-1573, October.

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