Initial Resources' Influence on New Venture Survival: A Longitudinal Study of New Technology-Based Firms

Posted: 4 Nov 2009

See all articles by Arild Aspelund

Arild Aspelund

Norwegian University of Science and Technology (NTNU) - Industrial Economy and Technology Management

Terje Berg-Utby

Skagerak Venture Capital

Rune Skjevdal

affiliation not provided to SSRN

Date Written: 2005

Abstract

Many researchers have investigated firm survival,including factors that contribute to firm success and failure.Using alongitudinal approach, this research examines the resources available tostartup firms and their impact on the firm's ultimate success orfailure.The theoretical framework for the study is drawn from theresource-based view. The four proposed hypotheses address the role of initialresources, focusing primarily on human capital -- founding team characteristics- and the radicalness of the technology on which the firm is based. A sample of 80 independent Norwegian and Swedish new technology-based firms(NTBFs) were compiled from a database of NTFBs that have collaborated with theCentre of Entrepreneurship and Innovation at the Norwegian University ofScience and Technology.Team size is not found to be a significantpredictor, but the findings indicate support for the overall proposition thatinitial internal resources of NTBFs - especially the management at startup -are antecedents of firm survival. (AKP)

Keywords: Resource management, Founders, Innovation process, Work experience, Management teams, Technology based firms, Startups, Firm survival, Firm performance, Commercialization

Suggested Citation

Aspelund, Arild and Berg-Utby, Terje and Skjevdal, Rune, Initial Resources' Influence on New Venture Survival: A Longitudinal Study of New Technology-Based Firms (2005). Technovation, Vol. 25, Issue 11, p. 1337-13 2005. Available at SSRN: https://ssrn.com/abstract=1498258

Arild Aspelund (Contact Author)

Norwegian University of Science and Technology (NTNU) - Industrial Economy and Technology Management ( email )

NO-7491 Trondheim
Norway

Terje Berg-Utby

Skagerak Venture Capital ( email )

Norway

Rune Skjevdal

affiliation not provided to SSRN

No Address Available

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