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Predicting Founding Success And New Venture Survival: A Longitudinal Nascent Entrepreneurship Approach

Author

Listed:
  • ALEXANDER KESSLER

    (Competence Team for Entrepreneurship, Institute for Management and Entrepreneurship, FH Wien University of Applied Sciences of WKW, Waehringer Guertel 97, A-1180 Vienna, Austria)

  • CHRISTIAN KORUNKA

    (Faculty of Psychology, University of Vienna, Universitaetsstrasse 7, A-1010 Vienna, Austria)

  • HERMANN FRANK

    (Institute for Small Business Management and Entrepreneurship and Research Institute for Family Business, WU Vienna University of Economics and Business, Augasse 2 – 6, A-1090 Vienna, Austria)

  • MANFRED LUEGER

    (Institute for Sociology and Social Research, WU Vienna University of Economics and Business, Augasse 2 – 6, A-1090 Vienna, Austria)

Abstract

Based on a model consisting of (1) indicators related to the entrepreneurial person, (2) resource/environment indicators, and (3) founding process indicators, this paper examines founding success (who ultimately started up a business?) and new venture success/failure (which businesses survived?) in nascent businesses. The study analyzes a sample of 227 nascent entrepreneurs in Austria observed over a period of seven years. We find that characteristics of the person (i.e., risk-taking) affect founding success, but not survival. At the same time, resource and environment aspects did not show an effect on founding success or survival. Finally, we find that aspects of the founding process serve to explain both founding success and survival.

Suggested Citation

  • Alexander Kessler & Christian Korunka & Hermann Frank & Manfred Lueger, 2012. "Predicting Founding Success And New Venture Survival: A Longitudinal Nascent Entrepreneurship Approach," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 20(01), pages 25-55.
    • Handle: RePEc:wsi:jecxxx:v:20:y:2012:i:01:n:s0218495812500021
    DOI: 10.1142/S0218495812500021
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    Citations

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    Cited by:

    1. Clara Gieure Sastre & María Mar Benavides-Espinosa & Domingo Ribeiro-Soriano, 2022. "When intentions turn into action: pathways to successful firm performance," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 733-751, June.
    2. Shahid, Pirzada Syed Rizwan, 2023. "Founder's Human Capital and the Entrepreneurial Process Duration," OSF Preprints yf6mg, Center for Open Science.
    3. Abeer Alomani & Rui Baptista & Suma S. Athreye, 2022. "The interplay between human, social and cognitive resources of nascent entrepreneurs," Small Business Economics, Springer, vol. 59(4), pages 1301-1326, December.
    4. Pushkar Maitra & Ananta Neelim, 2021. "Behavioural characteristics, stability of preferences and entrepreneurial success," Chapters, in: Ananish Chaudhuri (ed.), A Research Agenda for Experimental Economics, chapter 5, pages 93-118, Edward Elgar Publishing.
    5. Charly HONGDIYANTO, 2018. "Personal and Social Attributes as Determinants of Entrepreneurial Intention," Expert Journal of Business and Management, Sprint Investify, vol. 6(2), pages 93-100.
    6. Sari Pekkala Kerr & William R. Kerr & Tina Xu, 2017. "Personality Traits of Entrepreneurs: A Review of Recent Literature," NBER Working Papers 24097, National Bureau of Economic Research, Inc.
    7. Hyytinen, Ari & Pajarinen, Mika & Rouvinen, Petri, 2015. "Does innovativeness reduce startup survival rates?," Journal of Business Venturing, Elsevier, vol. 30(4), pages 564-581.
    8. Thomas Neumann, 2021. "The impact of entrepreneurship on economic, social and environmental welfare and its determinants: a systematic review," Management Review Quarterly, Springer, vol. 71(3), pages 553-584, July.

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