EFFECTS OF INTERNAL AND EXTERNAL RESOURCE DIMENSIONS ON THE BUSINESS PERFORMANCE OF NEW TECHNOLOGY-BASED FIRMS

Hanna Rydehell, Anders Isaksson and Hans Löfsten
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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

International Journal of Innovation Management (ijim), 2019, vol. 23, issue 01, 1-29

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.

Keywords: New technology-based firm; business experience; growth orientation; R&D networks; proximity; performance (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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DOI: 10.1142/S1363919619500014

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