Authors: Chang, Sooduck¹; Kelley, Donna²; Lee, Hyunsuk³

Source: International Journal of Entrepreneurship and Innovation Management, Volume 9, Number 3, 14 May 2009 , pp. 343-359(17)

Publisher: Inderscience Publishers

Abstract:

This research examines founder skills and efforts to overcome liabilities of newness and smallness in buffering a venture against environmental jolts. We surveyed 115 Korean technology-based ventures in 1997, just before the Asian IMF crisis, and then tracked their survival or failure in 2000. Our analysis reveals that a founder's education and experience in the venture's industry is associated with survival after a jolt. Organizational Commitment to Employees (OCE) and external relationships were also associated with survival in our study, suggesting that building the internal organisation and forming external relationships can help a venture overcome the effects of major environmental shocks.

Keywords: MANAGEMENT JOURNALS; Entrepreneurship, Innovation and SMEs

Document Type: Research article

DOI: http://dx.doi.org/10.1504/IJEIM.2009.025147

Affiliations: 1: Department of Business Administration, Hannam University, 133 Ojeong-dong, Daeduk-gu, Daejoen 302-715, Republic of Korea. 2: Arthur M. Blank Center for Entrepreneurship, Babson College, Babson Park, MA 02457, USA. 3: Department of Business Administration, Seoul National University of Technology, 172 Gongreung 2 dong, Nowon-gu, Seoul 139-743, Republic of Korea

Publication date: 2009-05-14

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