Abstract

http://ssrn.com/abstract=1762874
 


 



Failure Factors of New Technology-Based Ventures According to the Growth Stages


Jangwoo Lee


Kyungpook National University

Sunghun Lee


Kyungpook National University

2006

Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006

Abstract:     
The main purpose of this study is to identify common characteristics of failed technology-based ventures according to stages of growth. We used a large size of sample which includes 2,052 firms designated as 'governmentally certificated; ventures by Korean government. We identified 502 failed firms and compared their characteristics with those of survivors according to stages of growth. In order to categorize into these stages of growth, we utilized a modified model of Kazanjian’s (1988). This study observed that entrepreneurs of failed ventures had significantly lower levels of education at all stages of growth. However, various factors had different influences according to the stages of growth.

Number of Pages in PDF File: 14

Keywords: Entrepreneurship

JEL Classification: M13

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Date posted: February 28, 2011  

Suggested Citation

Lee, Jangwoo and Lee, Sunghun, Failure Factors of New Technology-Based Ventures According to the Growth Stages (2006). Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006. Available at SSRN: http://ssrn.com/abstract=1762874

Contact Information

Jangwoo Lee (Contact Author)
Kyungpook National University ( email )
Korea, Republic of (South Korea)
Sunghun Lee
Kyungpook National University
Korea, Republic of (South Korea)
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