Systematic Search and Its Relationship to Firm Founding

Pankaj C. Patel and James O. Fiet

Entrepreneurship Theory and Practice, 2009, vol. 33, issue 2, 501-526

Abstract: This research uses a representative sample of U.S. nascent entrepreneurs to find that there is a positive relationship between their use of systematic search and their success in founding new firms. We control for mediating variables and find that searching systematically leverages firm founding by using an adaptive decision–making style and social capital. Systematic search also appears to reduce environmental uncertainty, which has additional important implications for aspiring entrepreneurs. Finally, this research suggests possible lines of future inquiry.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:33:y:2009:i:2:p:501-526

DOI: 10.1111/j.1540-6520.2009.00301.x

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