Does Venture Opportunity Variation Matter? Investigating Systematic Process Differences Between Innovative and Imitative New Ventures

Samuelsson, Mikael & Davidsson, Per (2012) Does Venture Opportunity Variation Matter? Investigating Systematic Process Differences Between Innovative and Imitative New Ventures. In Shepherd, Dean A. & Gregoire, Denis A. (Eds.) Entrepreneurial Opportunities. Edward Elgar, Cheltenham, UK, pp. 624-650.

Abstract

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:

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ID Code: 65668
Item Type: Book Chapter
Additional Information:

Originally published as: Samuelsson, M., & Davidsson, P. (2009). Does venture opportunity variation matter? Investigating systemic process differences between innovative and imitative new ventures. Small Business Economics, 33, 229 – 255. DOI: 10.1007/s11187-007-9093-7

ALso see Eprint - 26575 (RM 2010000218) & 49426 (RM 2012001855)

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Keywords: Entrepreneurship, New Venture Creation, Venture Opportunity Variation, Longitudinal Growth Modelling
ISBN: 9781781000465
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
Deposited On: 07 Jan 2014 00:25
Last Modified: 10 Oct 2015 14:14

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