Much ado about nothing? The surprising persistence of nascent ventures through the global financial crisis

& (2012) Much ado about nothing? The surprising persistence of nascent ventures through the global financial crisis. In Watson, J, Davidsson, P, & Castillo Holley, A (Eds.) Proceedings of the 2012 Australian Centre for Entrepreneurship Research and DIANA Conference (ACERE DIANA). Australian Centre for Entrepreneurship Research Exchange (ACERE), Australia, pp. 1-16.

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Using the Global Financial Crisis as a natural experiment, we investigate how a major macro-economic crisis affects nascent (i.e., pre-operational) ventures. We hypothesize adverse effects on behaviors, behavioral plans, and expectations for the future, and that these effects would be more pronounced in ventures that are more innovative and/or more relying on loan funding. Overall, we find very limited support for our hypotheses. Our conclusion is that the main reason for the surprising absence of detrimental effects is that a large majority of nascent ventures are mostly affected by a relatively narrow, immediate task environment rather than directly by the fluctuations of the macro-economy.

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ID Code: 48714
Item Type: Chapter in Book, Report or Conference volume (Conference contribution)
ORCID iD:
Davidsson, Perorcid.org/0000-0002-6363-1382
Measurements or Duration: 16 pages
ISBN: 9780646572673
Pure ID: 32287063
Divisions: ?? 1180760 ??
Past > QUT Faculties & Divisions > QUT Business School
Current > Schools > School of Management
?? australian-centre-for-entrepreneurship ??
Copyright Owner: Copyright 2012 [please consult the authors]
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Deposited On: 16 Feb 2012 23:54
Last Modified: 06 Mar 2024 03:52