PREDICTING FOUNDING SUCCESS AND NEW VENTURE SURVIVAL: A LONGITUDINAL NASCENT ENTREPRENEURSHIP APPROACH-Reference-Cited by-同舟云学术

PREDICTING FOUNDING SUCCESS AND NEW VENTURE SURVIVAL: A LONGITUDINAL NASCENT ENTREPRENEURSHIP APPROACH

Published:2012-03 Issue:01 Volume:20 Page:25-55
ISSN:0218-4958
Container-title:Journal of Enterprising Culture
language:en
Short-container-title:J. Enterprising Culture

Author:

KESSLER ALEXANDER¹,KORUNKA CHRISTIAN²,FRANK HERMANN³,LUEGER MANFRED⁴

Affiliation:

1. Competence Team for Entrepreneurship, Institute for Management and Entrepreneurship, FH Wien University of Applied Sciences of WKW, Waehringer Guertel 97, A-1180 Vienna, Austria

2. Faculty of Psychology, University of Vienna, Universitaetsstrasse 7, A-1010 Vienna, Austria

3. Institute for Small Business Management and Entrepreneurship and Research Institute for Family Business, WU Vienna University of Economics and Business, Augasse 2 – 6, A-1090 Vienna, Austria

4. Institute for Sociology and Social Research, WU Vienna University of Economics and Business, Augasse 2 – 6, A-1090 Vienna, Austria

Abstract

Based on a model consisting of (1) indicators related to the entrepreneurial person, (2) resource/environment indicators, and (3) founding process indicators, this paper examines founding success (who ultimately started up a business?) and new venture success/failure (which businesses survived?) in nascent businesses. The study analyzes a sample of 227 nascent entrepreneurs in Austria observed over a period of seven years. We find that characteristics of the person (i.e., risk-taking) affect founding success, but not survival. At the same time, resource and environment aspects did not show an effect on founding success or survival. Finally, we find that aspects of the founding process serve to explain both founding success and survival.

Publisher

World Scientific Pub Co Pte Ltd

Subject

General Engineering

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0218495812500021

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