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Venture Creation Speed and Subsequent Growth: Evidence from South America

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  • Joan‐lluis Capelleras
  • Francis J. Greene
  • Hugo Kantis
  • Rodrigo Rabetino

Abstract

Though time is an important dimension of the venture creation process, our understanding of why some entrepreneurs are able to act more quickly than others is limited. Equally, not much is known about the relationship between venture creation speed and the subsequent venture growth. In this paper, we use a resource‐based perspective to provide insights into the factors that quicken or retard venture creation and to explore how speed impacts on subsequent growth. This is important because the topic remains generally underresearched and because even less is understood about venture creation speed in the context of South American economies. Data were collected from face‐to‐face interviews with 647 entrepreneurs in Argentina, Brazil, Chile, and Peru. Using a multivariate regression framework, we find that entrepreneurs make use of their human and social capital resources to shape the speed by which their venture is created. Moreover, their perceptions of unfavorable environmental conditions seem to retard venture creation. Findings also suggest that entrepreneurs who take more time to create a more solid resource base tend to receive better growth outcomes. Implications from the findings are discussed.

Suggested Citation

  • Joan‐lluis Capelleras & Francis J. Greene & Hugo Kantis & Rodrigo Rabetino, 2010. "Venture Creation Speed and Subsequent Growth: Evidence from South America," Journal of Small Business Management, Taylor & Francis Journals, vol. 48(3), pages 302-324, July.
    • Handle: RePEc:taf:ujbmxx:v:48:y:2010:i:3:p:302-324
    DOI: 10.1111/j.1540-627X.2010.00296.x
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    Cited by:

    1. Antonio Rafael Ramos-Rodríguez & José Aurelio Medina-Garrido & José Ruiz-Navarro, 2019. "Why not now? Intended timing in entrepreneurial intentions," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1221-1246, December.
    2. Toroslu, Adrian & Herrmann, Andrea M. & Chappin, Maryse M.H. & Schemmann, Brita & Castaldi, Carolina, 2023. "Open innovation in nascent ventures: Does openness influence the speed of reaching critical milestones?," Technovation, Elsevier, vol. 124(C).
    3. Rrezon Lajçi & Gentrit Berisha & Besnik Krasniqi, 2024. "Making of intrapreneurial managers: Investigating unethical behavior, risk-taking, and decision-making speed as antecedents," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 20(2), pages 53-74.

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