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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Jian Gao & Jun Li & Yuan Cheng & Shude Shi, 2010. "Impact Of Initial Conditions On New Venture Success: A Longitudinal Study Of New Technology-Based Firms," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 14(01), pages 41-56.
    • Handle: RePEc:wsi:ijimxx:v:14:y:2010:i:01:n:s1363919610002544
    DOI: 10.1142/S1363919610002544
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    References listed on IDEAS

    as
    1. Gartner, William B. & Starr, Jennifer A. & Bhat, Subodh, 1999. "Predicting new venture survival: An analysis of "anatomy of a start-up." cases from Inc. Magazine," Journal of Business Venturing, Elsevier, vol. 14(2), pages 215-232, March.
    2. van Damme, E.E.C., 2000. "Nobelprijs voor nuttige econometrie," Other publications TiSEM 88c2ad26-cefa-4176-bdc7-b, Tilburg University, School of Economics and Management.
    3. -, 2000. "Introdução à técnica de planejamento," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1617.
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    Cited by:

    1. Ivana Blažková & Ondřej Dvouletý, 2022. "Zombies: Who are they and how do firms become zombies?," Journal of Small Business Management, Taylor & Francis Journals, vol. 60(1), pages 119-145, January.
    2. Franziska Schlichte & Sebastian Junge & Jan Mammen, 2019. "Being at the right place at the right time: does the timing within technology waves determine new venture success?," Journal of Business Economics, Springer, vol. 89(8), pages 995-1021, December.
    3. Hasan Boudlaie, 2020. "Studying the content characteristics of New Technology-Based Firms," Technium Social Sciences Journal, Technium Science, vol. 3(1), pages 94-111, February.

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