Initial external knowledge sources and start-up growth

Stephan Weemaes (), Johan Bruneel (), Ann Gaeremynck () and Jonas Debrulle
Additional contact information
Stephan Weemaes: VIVES University of Applied Sciences
Johan Bruneel: IESEG School of Management, LEM-CNRS 9221
Ann Gaeremynck: KU Leuven

Small Business Economics, 2022, vol. 58, issue 1, No 28, 523-540

Abstract: Abstract We investigate whether the presence of outside members in the board or buying ad hoc professional advisory services fuel short-term start-up growth. Furthermore, how the founding team’s initial knowledge stock as well as environmental uncertainty affect this relationship is examined. Our results only suggest a positive association between professional advisory services and start-up growth, which seem to suggest that the presence of an outside board member does not affect short-term start-up growth. We also find that the relationship between professional advisory services and growth is more pronounced when previous relevant industry expertise of the founding team is lower and technological opportunities in the environment are larger. Our findings advance understanding of the determinants of short-term start-up growth and are of practical relevance to entrepreneurs and policymakers.

Keywords: Start-ups; External knowledge; Advisory services; Outside board members; Firm growth; L26; M13; G34 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11187-020-00428-7 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:58:y:2022:i:1:d:10.1007_s11187-020-00428-7

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2

DOI: 10.1007/s11187-020-00428-7

Access Statistics for this article

Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch

More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().