Impact of Initial Conditions on New Venture Success: A Longitudinal Study of New Technology-Based Firms
International Journal of Innovation Management (IJIM), Forthcoming
Posted: 2 Jun 2011
Date Written: February 1, 2010
This article examines the relationship between initial conditions and new venture performance. The study uses a longitudinal study of 92 new ventures in Beijing Overseas Students Pioneer Park at Haidian. This study finds that new venture performance is significantly impacted by the venture's initial conditions. Additionally, the effects of initial conditions are found to decrease as the entrepreneurial process continues. It is also found that new venture performance is impacted more significantly by factors relating to entrepreneurial quality and characteristics of the venture.
Keywords: initial conditions, new venture performance, Beijing Overseas Students Pioneer Park, longitudinal study
Suggested Citation: Suggested Citation