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来源类型Article
规范类型其他
DOI10.1016/j.technovation.2016.09.001
ISBN0166-4972
Non-founder human capital and the long-run growth and survival of high-tech ventures.
Siepel, Josh; Cowling, Marc; Coad, Alex
发表日期2017
出处Technovation
出版者Elsevier
出版年2017
页码34-43
语种英语
摘要This paper considers the impact of non-founder human capital on high-tech firms' long-run growth and survival. Drawing upon threshold theory, we explore how lack of access to complementary skills at different points in the life course impacts founders' thresholds for exit. We examine these factors using a unique longitudinal dataset tracking the performance and survival of a sample of UK high-tech firms over thirteen years as the firms move from youth into maturity. We find that firms that survive but do not grow are characterized by difficulty in accessing complementary managerial skills in youth, while firms that grow but subsequently exit are characterized by shortfalls of specialized complementary skills during adolescence. Firms that grow and survive do not report skills shortfalls. We discuss the implications of these resource constraints for entrepreneurs’ decisions to persist or exit through the life course.
特色分类HB0615 Entrepreneurship. Risk and uncertainty. Property$HD0072 Economic development. Development economics. Economic growth
URLhttp://sro.sussex.ac.uk/id/eprint/65521/
来源智库Science Policy Research Unit (United Kingdom)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/468845
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Siepel, Josh,Cowling, Marc,Coad, Alex. Non-founder human capital and the long-run growth and survival of high-tech ventures.. 2017.
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