Outsider Assistance as a Knowledge Resource for New Venture Survival

Posted: 24 Nov 2009

See all articles by James J. Chrisman

James J. Chrisman

Mississippi State University - College of Business

W. Ed McMullan

affiliation not provided to SSRN

Date Written: 2004

Abstract

An emerging theory of outsider assistance as a knowledge resource suggests that new ventures obtain a unique blend of tacit and explicit knowledge through the judicious use of outside assistance. Using data from a longitudinal study of one outsider assistance program at a point in time four to eight years beyond the provision of startup counseling assistance, we present evidence supporting the theory. Results suggest that the ventures studied enjoyed survival rates in excess of those in the general population. More importantly, logistic regression analysis indicates a positive, curvilinear relationship between survival and the time spent in venture preparation under the direction of an outside counselor, a proxy measure of new knowledge acquired. We conclude with a discussion of the directions future research should take to test more fully the relationships implied by the theory.

Suggested Citation

Chrisman, James J. and McMullan, W. Ed, Outsider Assistance as a Knowledge Resource for New Venture Survival (2004). Journal of Small Business Management, Vol. 42, Issue 3, 229-244 2004. Available at SSRN: https://ssrn.com/abstract=1510015

James J. Chrisman (Contact Author)

Mississippi State University - College of Business ( email )

Mississippi State, MS 39762-0964
United States

W. Ed McMullan

affiliation not provided to SSRN

No Address Available

Register to save articles to
your library

Register

Paper statistics

Abstract Views
273
PlumX Metrics