PREDICTING FOUNDING SUCCESS AND NEW VENTURE SURVIVAL: A LONGITUDINAL NASCENT ENTREPRENEURSHIP APPROACH

Alexander Kessler (), Christian Korunka (), Hermann Frank () and Manfred Lueger ()
Additional contact information
Alexander Kessler: Competence Team for Entrepreneurship, Institute for Management and Entrepreneurship, FH Wien University of Applied Sciences of WKW, Waehringer Guertel 97, A-1180 Vienna, Austria
Christian Korunka: Faculty of Psychology, University of Vienna, Universitaetsstrasse 7, A-1010 Vienna, Austria
Hermann Frank: Institute for Small Business Management and Entrepreneurship and Research Institute for Family Business, WU Vienna University of Economics and Business, Augasse 2 – 6, A-1090 Vienna, Austria
Manfred Lueger: Institute for Sociology and Social Research, WU Vienna University of Economics and Business, Augasse 2 – 6, A-1090 Vienna, Austria

Journal of Enterprising Culture (JEC), 2012, vol. 20, issue 01, 25-55

Abstract: Based on a model consisting of (1) indicators related to the entrepreneurial person, (2) resource/environment indicators, and (3) founding process indicators, this paper examines founding success (who ultimately started up a business?) and new venture success/failure (which businesses survived?) in nascent businesses. The study analyzes a sample of 227 nascent entrepreneurs in Austria observed over a period of seven years. We find that characteristics of the person (i.e., risk-taking) affect founding success, but not survival. At the same time, resource and environment aspects did not show an effect on founding success or survival. Finally, we find that aspects of the founding process serve to explain both founding success and survival.

Keywords: Nascent entrepreneurship; founding success; new venture survival; start up process; longitudinal study (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (8)

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DOI: 10.1142/S0218495812500021

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