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Effects Of Internal And External Resource Dimensions On The Business Performance Of New Technology-Based Firms

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  • HANNA RYDEHELL

    (Department of Technology Management and Economics, Chalmers University of Technology, SE412 96 Göteborg, Sweden)

  • ANDERS ISAKSSON

    (Department of Technology Management and Economics, Chalmers University of Technology, SE412 96 Göteborg, Sweden)

  • HANS LÖFSTEN

    (Department of Technology Management and Economics, Chalmers University of Technology, SE412 96 Göteborg, Sweden)

Abstract

This study examines the effects of new technology-based firms (NTBFs) internal and external resources on their early business performance. Based on a large unique dataset of 401 newly started NTBFs, we find that founders’ business experience and their firms’ proximity to other firms positively affect early business performance. Growth orientation is found to be negatively related to business performance, which might suggest a certain level of over-optimism among entrepreneurs with aspiration to grow fast.

Suggested Citation

  • Hanna Rydehell & Anders Isaksson & Hans Löfsten, 2019. "Effects Of Internal And External Resource Dimensions On The Business Performance Of New Technology-Based Firms," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-29, January.
    • Handle: RePEc:wsi:ijimxx:v:23:y:2019:i:01:n:s1363919619500014
    DOI: 10.1142/S1363919619500014
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