Full title is "Outperform the Fittest? Testing Human Capital of Founding Team, Firm Resources, and Strategy on New Venture Performance: A Contingency and A Configurational Approach"
This paper was presented at the 2009 Academy of Management Conference in Chicago, Illinois.
- Qian Ye (University of Louisville)
How do team capital, firm resources, and strategy interactively influence the success of nascent new ventures?
- H1: Nascent New Venture (NNV) strategy moderates the relationship between Nascent New Venture Team (NNVT) human capital and performance
- H2: NNVT human capital moderates the effects of resources on venture performance.
- H3: NNV strategy moderates the effects of resources on venture performance
- P1: NNVT human capital, strategy, and firm resources configurationally impact NNV performance
- Performance - Profitability: dummy variable (profit as 1, loss as 0)
- Performance - Competitive Advantage: 1, 0
- Performance - Growth in Revenue: dummy variables
NNVT Human Capital
- Education: average of NNVT years of formal education
- Domain Knowledge: average years experience in the industry
- Start-up Knowledge: average number of new businesses NNVT members have started
- Bootstrapping Strategy: the degree of bootstrapping techniques used
- Technology Innovation Strategy: R&D investment 1,0
- Intangible Resourses: patents, copyrights, and trademarks
- Number of employees
- Total assets
- Access to debt
Both bootstrapping and innovation strategy are significantly and negatively related to profitability and revenue growth. Different resources have various effects on different measures of performance.
Note: This paper has been submitted for publication and removed from the wiki per journal requirements.