Does venture opportunity variation matter? investigating systematic process differences between innovative and imitative new ventures

Samuelsson, Mikael & Davidsson, Per (2009) Does venture opportunity variation matter? investigating systematic process differences between innovative and imitative new ventures. Small Business Economics, 33(2), pp. 229-255.

View at publisher


The central thesis in the article is that the venture creation process is different for innovative versus imitative ventures. This holds up; the pace of the process differs by type of venture as do, in line with theory-based hypotheses, the effects of certain human capital (HC) and social capital (SC) predictors. Importantly, and somewhat unexpectedly, the theoretically derived models using HC, SC, and certain controls are relatively successful explaining progress in the creation process for the minority of innovative ventures, but achieve very limited success for the imitative majority. This may be due to a rationalistic bias in conventional theorizing and suggests that there is need for considerable theoretical development regarding the important phenomenon of new venture creation processes. Another important result is that the building up of instrumental social capital, which we assess comprehensively and as a time variant construct, is important for making progress with both types of ventures, and increasingly, so as the process progresses. This result corroborates with stronger operationalization and more appropriate analysis method what previously published research has only been able to hint at.

Impact and interest:

53 citations in Scopus
Search Google Scholar™
46 citations in Web of Science®

Citation counts are sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

670 since deposited on 03 Aug 2009
95 in the past twelve months

Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.

ID Code: 26575
Item Type: Journal Article
Refereed: Yes
Keywords: Entrepreneurship, New Venture Creation , Venture Opportunity Variation , Longitudinal Growth Modelling
DOI: 10.1007/s11187-007-9093-7
ISSN: 0921-898X
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2009 Springer
Deposited On: 03 Aug 2009 05:18
Last Modified: 29 Feb 2012 13:54

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page