Survival of the fittest? Entrepreneurial human capital and the persistence of underperforming firms.
The model developed here explains why some firms survive while other firms with equal economic performance do not. We argue that organizational survival is not strictly a function of economic performance but also depends on a firm's own threshold of performance. We apply this threshold model to the...
| Publicado en: | Administrative Science Quarterly Vol. 42; pp. 750 - 784 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Administrative Science Quarterly
December 1997
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=507608135&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507608135 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00018392 ASQ jtl: Administrative Science Quarterly issn: 00018392 maglogo: N pubinfo: dt: December 1997 vid: 42 pid: 224 pub: Administrative Science Quarterly artinfo: ui: 507608135 10.2307/2393656 ppf: 750 ppct: 34 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 2MB tig: atl: Survival of the fittest? Entrepreneurial human capital and the persistence of underperforming firms. aug: au: Gimeno, Javier Folta, Timothy B. Cooper, Arnold C. su: Organizational performance Organizational change Businesspeople Human capital Mathematical models Entrepreneurship United States sug: subj: United States Organizational performance Organizational change Businesspeople Human capital Mathematical models Entrepreneurship ab: The model developed here explains why some firms survive while other firms with equal economic performance do not. We argue that organizational survival is not strictly a function of economic performance but also depends on a firm's own threshold of performance. We apply this threshold model to the study of new venture survival, in which the threshold is determined by the entrepreneur's human capital characteristics, such as alternative employment opportunities, psychic income from entrepreneurship, and cost of switching to other occupations. Using a sample of 1,547 entrepreneurs of new businesses in the U.S., we find strong support for the model. The findings suggest that firms with low thresholds may choose to continue or survive despite comparatively low performance. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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