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

14 Pages Posted: 28 Feb 2011  

Jangwoo Lee

Kyungpook National University

Sunghun Lee

Kyungpook National University

Date Written: 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.

Keywords: Entrepreneurship

JEL Classification: M13

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: https://ssrn.com/abstract=1762874

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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