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Small Business Economics
Erschienen in: Small Business Economics 3/2018

25.07.2017

Firm survival in traded industries: does localization moderate the effects of founding team experience?

verfasst von: Cheng Shu, Sharon A. Simmons

Erschienen in: Small Business Economics | Ausgabe 3/2018

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Abstract

Prior studies of the impact of founder team industry and start-up experience on firm survival have paid little attention to location decisions or cluster effects. In this paper, we focus on young firms doing business in industries that compete for customers in geographically dispersed markets (traded industries). We examine whether regional concentrations (localization) of related industrial firms moderate the effects of founder team industry and start-up experience on firm survival. The study draws on firm-level data from the Kauffman Firm Survey and on county business patterns data from the US Census Bureau. We found that localization negatively moderates the positive effects of founder team prior industry experience on firm survival. We did not find significant moderating effects of localization on founder team prior start-up experience. Our findings highlight the importance of accounting for location decisions and cluster effects when evaluating the human capital inputs of founder teams.
Vorheriger Artikel Founder human capital and new technology venture R&D search intensity: the moderating role of an environmental jolt
Nächster Artikel Analyzing complex survey data: the Kauffman Firm Survey

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Fußnoten
1
The KFS data is publicly available at http://​www1.​kauffman.​org/​kfs/​. The geographic and detailed financial variables in this study were accessed with restrictions from the National Opinion Research Center (NORC).
 
2
The statistics in this paper are weighted results. See Farhat and Robb (2014) for details on the sampling process and weight calculations.
 
6
The means for industry experience, start-up experience, and team age discussed here are different from Table 2, which shows the log transformed values.
 
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Metadaten
Titel
Firm survival in traded industries: does localization moderate the effects of founding team experience?
verfasst von
Cheng Shu
Sharon A. Simmons
Publikationsdatum
25.07.2017
Verlag
Springer US
Erschienen in
Small Business Economics / Ausgabe 3/2018
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI
https://doi.org/10.1007/s11187-017-9912-4

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