Resource Acquisition in the Emergence Phase: Considering the Effects of Embeddedness and Resource Dependence

32 Pages Posted: 16 Mar 2013

See all articles by Scott L. Newbert

Scott L. Newbert

Zicklin School of Business, Baruch College - The City University of New York

Erno T. Tornikoski

Grenoble Ecole de Management

Date Written: March 2013

Abstract

Despite evidence that embedded ties are important to entrepreneurs seeking low‐cost resources, no research to date has explored how this relationship unfolds in the context of emerging organizations, how the inevitable dependence on ties might drive up resource acquisition costs, or how the manner in which ties are embedded might affect the specificity of these resources. We develop a conceptual model that examines these relationships and, analyzing data from the Panel Study of Entrepreneurial Dynamics I, find support for the majority of our hypotheses. We then discuss the implications of our findings for scholars and practitioners.

Suggested Citation

Newbert, Scott L. and Tornikoski, Erno T., Resource Acquisition in the Emergence Phase: Considering the Effects of Embeddedness and Resource Dependence (March 2013). Entrepreneurship Theory and Practice, Vol. 37, Issue 2, pp. 249-280, 2013. Available at SSRN: https://ssrn.com/abstract=2234301 or http://dx.doi.org/10.1111/j.1540-6520.2011.00461.x

Scott L. Newbert (Contact Author)

Zicklin School of Business, Baruch College - The City University of New York ( email )

NY
United States

Erno T. Tornikoski

Grenoble Ecole de Management ( email )

12 rue Pierre Sémard
Grenoble Cedex, 38003
France

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