Assessing the Relationship between Human Capital and Firm Performance: Evidence from Technology–Based New Ventures

Rod Shrader and Donald Siegel

Entrepreneurship Theory and Practice, 2007, vol. 31, issue 6, 893-908

Abstract: We assess the role of human capital in the growth and development of new technology–based ventures, based on longitudinal data from 198 high–tech ventures. Our empirical results imply that there is a strong relationship between team experience and strategy. Although there is a weak direct link between team experience and venture performance, the findings strongly suggest that the fit between strategy and team experience is a key determinant of the long–term performance of high–tech entrepreneurial ventures. For small, technology–based new ventures, the team's technological experience appears to be the most important determinant of the success of a differentiation strategy.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:31:y:2007:i:6:p:893-908

DOI: 10.1111/j.1540-6520.2007.00206.x

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