Founders' experiences for startups' fast break-even
While some previous studies have found that the role of founders' collective experiences is paramount in resolving problems inherent in startups, others have failed to substantiate this. This study claims that this incongruence is attributable to a failure to consider organizational processes in which founders' experiences translate into organizational assets through information distribution and interpretation. Using the data from the Panel Study of Entrepreneurial Dynamics, this study demonstrates that startups reach their break-even point faster when their founders have had work experience in the same industry, and that this effect becomes stronger when these firms commit more resources to information distribution and interpretation.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 66 (2013)
Issue (Month): 11 ()
|Contact details of provider:|| Web page: http://www.elsevier.com/locate/jbusres|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Rubenson, George C. & Gupta, Anil K., 1992. "Replacing the Founder: Exploding the myth of the entrepreneur's disease," Business Horizons, Elsevier, vol. 35(6), pages 53-57.
- Stearns, Timothy M. & Hills, Gerald E., 1996. "Entrepreneurship and new firm development: A definitional introduction," Journal of Business Research, Elsevier, vol. 36(1), pages 1-4, May.
- Carr, Jon C. & Sequeira, Jennifer M., 2007. "Prior family business exposure as intergenerational influence and entrepreneurial intent: A Theory of Planned Behavior approach," Journal of Business Research, Elsevier, vol. 60(10), pages 1090-1098, October.
- 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.
- Chandler, Gaylen N. & Honig, Benson & Wiklund, Johan, 2005. "Antecedents, moderators, and performance consequences of membership change in new venture teams," Journal of Business Venturing, Elsevier, vol. 20(5), pages 705-725, September.
- Lechner, Christian & Dowling, Michael & Welpe, Isabell, 2006. "Firm networks and firm development: The role of the relational mix," Journal of Business Venturing, Elsevier, vol. 21(4), pages 514-540, July.
- Lee, Lung-Fei, 1983. "Generalized Econometric Models with Selectivity," Econometrica, Econometric Society, vol. 51(2), pages 507-512, March.
- Baron, Robert A. & Markman, Gideon D., 2003. "Beyond social capital: the role of entrepreneurs' social competence in their financial success," Journal of Business Venturing, Elsevier, vol. 18(1), pages 41-60, January.
- Constance E. Helfat & Marvin B. Lieberman, 2002. "The birth of capabilities: market entry and the importance of pre-history," Industrial and Corporate Change, Oxford University Press, vol. 11(4), pages 725-760, August.
- Lerner, Miri & Haber, Sigal, 2001. "Performance factors of small tourism ventures: The interface of tourism, entrepreneurship and the environment," Journal of Business Venturing, Elsevier, vol. 16(1), pages 77-100, January.
- Low, Murray B. & Abrahamson, Eric, 1997. "Movements, bandwagons, and clones: Industry evolution and the entrepreneurial process," Journal of Business Venturing, Elsevier, vol. 12(6), pages 435-457, November.
- Beckman, Christine M. & Burton, M. Diane & O'Reilly, Charles, 2007. "Early teams: The impact of team demography on VC financing and going public," Journal of Business Venturing, Elsevier, vol. 22(2), pages 147-173, March.
- Davidsson, Per & Honig, Benson, 2003. "The role of social and human capital among nascent entrepreneurs," Journal of Business Venturing, Elsevier, vol. 18(3), pages 301-331, May.
- Majumdar, Satyajit, 2010. "'How do they plan for growth in auto component business?' - A study on small foundries of western India," Journal of Business Venturing, Elsevier, vol. 25(3), pages 274-289, May.
- Brush, Candida G. & Manolova, Tatiana S. & Edelman, Linda F., 2008. "Properties of emerging organizations: An empirical test," Journal of Business Venturing, Elsevier, vol. 23(5), pages 547-566, September.
- Amason, Allen C. & Shrader, Rodney C. & Tompson, George H., 2006. "Newness and novelty: Relating top management team composition to new venture performance," Journal of Business Venturing, Elsevier, vol. 21(1), pages 125-148, January.
- Steier, Lloyd, 2007. "New venture creation and organization: A familial sub-narrative," Journal of Business Research, Elsevier, vol. 60(10), pages 1099-1107, October.
- Tornikoski, Erno T. & Newbert, Scott L., 2007. "Exploring the determinants of organizational emergence: A legitimacy perspective," Journal of Business Venturing, Elsevier, vol. 22(2), pages 311-335, March.
- Jianwen Liao & William Gartner, 2006. "The Effects of Pre-venture Plan Timing and Perceived Environmental Uncertainty on the Persistence of Emerging Firms," Small Business Economics, Springer, vol. 27(1), pages 23-40, August.