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توضیحات

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مشخصات این مقاله :

عنوان مقاله :

Does innovativeness reduce startup survival rates?

ترجمه فارسی عنوان :

آیا نوآوری، کاهش نرخ بقا هنگام راه اندازی را به دنبال دارد؟

سال انتشار : 2014

متعلق به مجله یا ژورنال : نشریه ریسک در کسب و کار – Journal of Business Venturing

فرمت: PDF

تعداد صفحات: 18

شماره پروژه: 5105


کلمات کلیدی :

Entrepreneurship,Innovativeness,Startups,Survival

کارآفرینی، نوآوری، راه اندازی، بقاء


چکیده  :

Abstract

There are two competing hypotheses explaining how innovativeness influences the survival of startups: On the one hand, innovativeness is argued to foster survival-enhancing attributes (e.g., market power and cost efficiency) and capabilities (e.g., absorptive capacity). On the other hand, an innovative startup faces (and bears the associated risks of) liabilities of newness and smallness that exceed those of its non-innovative counterparts. The available empirical literature addressing this theoretical tension mostly supports the former hypothesis; we suggest that this finding is, in part, driven by the common practice of employing an ex post measure that already embodies a degree of success in innovativeness. We use an ex ante measure and find that a startup’s innovativeness is negatively associated with its subsequent survival. We also find that entrepreneurs’ greater appetite for risk magnifies this negative association. These findings imply that pursuing innovations is not necessarily associated with survival during the early stages of firm development and entails a more complicated start-up process.


مقدمه این مقاله :

 Introduction

The link between innovativeness and firm survival has been studied extensively in previous research. Theoretical considerations suggest that innovativeness might have either a positive or a negative effect on firms’ survival prospects, whereas the previous empirical literature mostly suggests that the association is positive.However, we find a negative association between innovativeness and subsequent firmsurvival,whichwe attribute to two factors.First, we employ an ex ante measure that mirrors the inherent uncertainty of innovativeness and mixes successful and unsuccessful innovative efforts. Second, we study the association between innovativeness and survival using data on startups, i.e., firms that are in the early stages of their development.We suggest that future analyses of the innovativeness–survival nexus pay careful attention to two types of  survivorship biases.First, there is a survivorship bias of ideas, when the empirical measures of innovativeness refer to ex post indicators that tend to capture successful innovations and innovators. For example, although patents and other intermediate innovation outcomes do not guarantee success in the marketplace, they do indicate a level of success with prior innovative effort. Second, there is a survivorship bias for firms,when the study sample consists of incumbent firms that are a selectedsubset of firms that originally entered themarket.In such a selected sample, there is a risk that a spurious positive correlation will be found between innovativeness and survival.Our data refer to two cohorts of 1165 Finnish startups surveyed shortly after their entry into themarket. The data allowus tomeasure innovativeness by the startups’ ex ante plans to employ innovations and to actively pursue innovations,which may (or may not)lead to desired outcomes.


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توضیحات بیشتر در مورد پروژه :

در این مقاله خواهید خواند که  چگونه نوآوری بقای راه اندازی را تحت تاثیر قرار می دهد. این یافته ها نشان می دهد که لزوما بقای مراحل توسعه به دنبال نوآوری شرکت همراه نیست بلکه مستلزم راه اندازی پیچیده تری می باشد.


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