Open to competition? Competitive density and the growth of young New Zealand ventures

D Hugh Whittaker, Benjamin Fath and Antje Fiedler
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D Hugh Whittaker: School of Interdisciplinary Area Studies, University of Oxford, Oxford, UK
Antje Fiedler: Graduate School of Management, The University of Auckland, Auckland, New Zealand

Australian Journal of Management, 2020, vol. 45, issue 2, 343-358

Abstract: Drawing on 180 survey responses from young, New Zealand-based ventures, we investigate effects of the number of perceived serious competitors on venture growth. We find empirical evidence for an inverse U-shaped relationship between competitive density and young venture growth. We further find that persistent innovation – requiring both initial innovative intent and a recent record of innovation – not only promotes young growth but also moderates the relationship between competitive density and young venture growth. Overall, the study shows that the growth of young ventures committed to persistent innovation is less affected by competitive dynamics compared to non-innovators. JEL Classification: L10, L22, L26, O30

Keywords: Competitive density; growth; innovation; young ventures (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:45:y:2020:i:2:p:343-358

DOI: 10.1177/0312896219883914

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