14 Pages Posted: 28 Feb 2011
Date Written: 2006
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.
JEL Classification: M13
Suggested Citation: 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