Impact of Initial Conditions on New Venture Success: A Longitudinal Study of New Technology-Based Firms

Jian Gao; Jun Li; Yuan Cheng; Shude Shi

doi:10.1142/S1363919610002544

Impact of Initial Conditions on New Venture Success: A Longitudinal Study of New Technology-Based Firms

Jian Gao, Jun Li, Yuan Cheng, Shude Shi

Research output: Contribution to journal › Article › peer-review

17 Citations (Scopus)

Abstract

This article examines the relationship between initial conditions and new venture performance. The study uses a longitudinal study of 92 new ventures in Beijing Overseas Students Pioneer Park at Haidian. This study finds that new venture performance is significantly impacted by the venture's initial conditions. Additionally, the effects of initial conditions are found to decrease as the entrepreneurial process continues. It is also found that new venture performance is impacted more significantly by factors relating to entrepreneurial quality and characteristics of the venture.

Original language	English
Pages (from-to)	41-56
Number of pages	16
Journal	International Journal of Innovation Management
Volume	14
Issue number	1
DOIs	https://doi.org/10.1142/S1363919610002544
Publication status	Published - 1 Feb 2010
Externally published	Yes

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title = "Impact of Initial Conditions on New Venture Success: A Longitudinal Study of New Technology-Based Firms",

abstract = "This article examines the relationship between initial conditions and new venture performance. The study uses a longitudinal study of 92 new ventures in Beijing Overseas Students Pioneer Park at Haidian. This study finds that new venture performance is significantly impacted by the venture's initial conditions. Additionally, the effects of initial conditions are found to decrease as the entrepreneurial process continues. It is also found that new venture performance is impacted more significantly by factors relating to entrepreneurial quality and characteristics of the venture.",

keywords = "Beijing Overseas Students Pioneer Park, Initial conditions, Longitudinal study, New venture performance",

author = "Jian Gao and Jun Li and Yuan Cheng and Shude Shi",

note = "Funding Information: The original idea of this paper came from a report on the growth pattern of HOI in Beijing co-written by Jian Gao, Shude Shi, Qun Lu, Kang Zhang and Xin Wang. This paper is also partly the outcome of the research project “A Study of Entrepreneurial Process Theory Based on Chinese Experience” (Grant No. 70571043), funded by the National Natural Science Foundation of China.",

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AU - Li, Jun

AU - Cheng, Yuan

AU - Shi, Shude

N1 - Funding Information: The original idea of this paper came from a report on the growth pattern of HOI in Beijing co-written by Jian Gao, Shude Shi, Qun Lu, Kang Zhang and Xin Wang. This paper is also partly the outcome of the research project “A Study of Entrepreneurial Process Theory Based on Chinese Experience” (Grant No. 70571043), funded by the National Natural Science Foundation of China.

PY - 2010/2/1

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N2 - This article examines the relationship between initial conditions and new venture performance. The study uses a longitudinal study of 92 new ventures in Beijing Overseas Students Pioneer Park at Haidian. This study finds that new venture performance is significantly impacted by the venture's initial conditions. Additionally, the effects of initial conditions are found to decrease as the entrepreneurial process continues. It is also found that new venture performance is impacted more significantly by factors relating to entrepreneurial quality and characteristics of the venture.

AB - This article examines the relationship between initial conditions and new venture performance. The study uses a longitudinal study of 92 new ventures in Beijing Overseas Students Pioneer Park at Haidian. This study finds that new venture performance is significantly impacted by the venture's initial conditions. Additionally, the effects of initial conditions are found to decrease as the entrepreneurial process continues. It is also found that new venture performance is impacted more significantly by factors relating to entrepreneurial quality and characteristics of the venture.

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KW - New venture performance

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Impact of Initial Conditions on New Venture Success: A Longitudinal Study of New Technology-Based Firms

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