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Industry knowledge, prior industry experience and new venture survival
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
Pablo de Olavide University.
Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).ORCID iD: 0000-0003-0691-2740
University of Minnesota.
(English)Manuscript (preprint) (Other academic)
Abstract [en]

Recent research suggests that new ventures can overcome threats to their survival by gaining access to technological knowledge from other firms in their industry even without directly transacting with them or joining their networks. This access can be obtained through vicarious learning that allows new ventures to benefit from spillovers of industry knowledge made public through patents. However, absorbing industry knowledge can be difficult for new ventures. On the one hand, new ventures have different absorptive capacities as a result of their organizational members’ prior experience within the current industry and across different industries. On the other hand, industries differ in the characteristics of their public technological knowledge (i.e., intensity and breadth). We propose that the intensity and breadth of an industry’s public technological knowledge interact with organizational members’ prior industry experience to determine the ability of new ventures to learn vicariously, affecting the likelihood of venture survival. Our results show that having prior experience in the same industry is beneficial for new venture survival when the technological knowledge within an industry is high in intensity and breadth, while prior experience across different industries is beneficial when this knowledge is low in intensity and breadth. This study contributes to the literature on prior industry experience, organizational learning, absorptive capacity and new venture survival.

National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-31932OAI: oai:DiVA.org:hj-31932DiVA: diva2:1033284
Note

An earlier version of this paper has been presented at the Academy of Management (AOM) Annual Meeting in Vancouver (Canada) in 2015 under the title ‘Industry Knowledge Characteristics, Prior Experience and New Venture Survival’ with Zahra, S., Naldi, L., Larrañeta, B.

Available from: 2016-10-06 Created: 2016-10-06 Last updated: 2016-10-06Bibliographically approved
In thesis
1. Founding conditions and the survival of new firms: An imprinting perspective on founders, organizational members and external environments
Open this publication in new window or tab >>Founding conditions and the survival of new firms: An imprinting perspective on founders, organizational members and external environments
2016 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

New firms are important sources of new employment, economic growth and innovation. Yet, a large portion of them do not manage to survive their first years of existence. This is often linked to their initial lack of capabilities, resources, routines and legitimacy. Certain favorable conditions at founding may allow new firms to partially overcome these initial shortcomings, and help them survive. For instance, organizational members’ prior experience may provide knowledge and skills to the new firm. However, it may also act as a constraint. It can lead new firms to follow a prescribed way of doing things which may ultimately threaten their survival. Similarly, certain unfavorable conditions of the external environment at founding may paradoxically offer a fertile ground for new firms to nurture their survival. Thus, whether some founding conditions are good or bad for new firms is still an unanswered question.

Building on imprinting theory, this dissertation investigates how different founding conditions affect the survival of new firms. At the organizational level, I study founders’ prior working experience in an incumbent family firm, organizational members’ prior shared international experience and prior industry experience, and focus respectively on three types of new firms: entrepreneurial spawns, international new ventures and high/mid-high tech new firms. I use a matched employer-employee dataset to test the effect of different types of prior experience on new firm survival. At the environment level, I propose how population density of similar organizational forms and the mortality of generalist organizations at founding may affect the survival of new family firms.

Place, publisher, year, edition, pages
Jönköping: Jönköping University, Jönköping International Business School, 2016. 63 p.
Series
JIBS Dissertation Series, ISSN 1403-0470 ; 111
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-31935 (URN)978-91-86345-70-9 (ISBN)
Public defence
2016-10-14, B1014, Jönköping University, International Business School, Jönköping, 13:00 (English)
Opponent
Supervisors
Available from: 2016-10-06 Created: 2016-10-06 Last updated: 2016-10-06Bibliographically approved

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