IMPACT OF INITIAL CONDITIONS ON NEW VENTURE SUCCESS: A LONGITUDINAL STUDY OF NEW TECHNOLOGY-BASED FIRMS

Jian Gao (), Jun Li (), Yuan Cheng () and Shude Shi ()
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Jian Gao: School of Economics and Management, Tsinghua University, China
Jun Li: Essex Business School, University of Essex, Elmer Approach, Southend-on-Sea, Essex SS1 1LW, UK
Yuan Cheng: School of Economics and Management, Tsinghua University, China
Shude Shi: School of Economics and Management, Tsinghua University, China

International Journal of Innovation Management (ijim), 2010, vol. 14, issue 01, 41-56

Abstract: This article examines the relationship between initial conditions and new venture performance. The study uses a longitudinal study of 92 new ventures in Beijing Overseas Students Pioneer Park at Haidian. This study finds that new venture performance is significantly impacted by the venture's initial conditions. Additionally, the effects of initial conditions are found to decrease as the entrepreneurial process continues. It is also found that new venture performance is impacted more significantly by factors relating to entrepreneurial quality and characteristics of the venture.

Keywords: Initial conditions; new venture performance; Beijing Overseas Students Pioneer Park; longitudinal study (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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DOI: 10.1142/S1363919610002544

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