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.
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.
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|Item Type:||Journal Article|
|Keywords:||Entrepreneurship, New Venture Creation , Venture Opportunity Variation , Longitudinal Growth Modelling|
|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|
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