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Impact Of Initial Conditions On New Venture Success: A Longitudinal Study Of New Technology-Based Firms

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Author Info

  • JIAN GAO

    ()
    (School of Economics and Management, Tsinghua University, China)

  • JUN LI

    ()
    (Essex Business School, University of Essex, Elmer Approach, Southend-on-Sea, Essex SS1 1LW, UK)

  • YUAN CHENG

    ()
    (School of Economics and Management, Tsinghua University, China)

  • SHUDE SHI

    ()
    (School of Economics and Management, Tsinghua University, China)

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    Abstract

    This article examines the relationship between initial conditions and new venture performance. The study uses a longitudinal study of 92 new ventures in Beijing Overseas Students Pioneer Park at Haidian. This study finds that new venture performance is significantly impacted by the venture's initial conditions. Additionally, the effects of initial conditions are found to decrease as the entrepreneurial process continues. It is also found that new venture performance is impacted more significantly by factors relating to entrepreneurial quality and characteristics of the venture.

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    Bibliographic Info

    Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Journal of Innovation Management.

    Volume (Year): 14 (2010)
    Issue (Month): 01 ()
    Pages: 41-56

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    Handle: RePEc:wsi:ijimxx:v:14:y:2010:i:01:p:41-56

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    Related research

    Keywords: Initial conditions; new venture performance; Beijing Overseas Students Pioneer Park; longitudinal study;

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    Cited by:
    1. Dina Cunha & Sandra T. Silva & Aurora A.C. Teixeira, 2013. "Are Academic Spin-Offs necessarily New Technology-Based firms?," FEP Working Papers 482, Universidade do Porto, Faculdade de Economia do Porto.

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