Much ado about nothing? The surprising persistence of nascent ventures through the global financial crisis
Data(s) |
2012
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Resumo |
Using the Global Financial Crisis as a natural experiment, we investigate how a major macro-economic crisis affects nascent (i.e., pre-operational) ventures. We hypothesize adverse effects on behaviors, behavioral plans, and expectations for the future, and that these effects would be more pronounced in ventures that are more innovative and/or more relying on loan funding. Overall, we find very limited support for our hypotheses. Our conclusion is that the main reason for the surprising absence of detrimental effects is that a large majority of nascent ventures are mostly affected by a relatively narrow, immediate task environment rather than directly by the fluctuations of the macro-economy. |
Formato |
application/pdf |
Identificador | |
Relação |
http://eprints.qut.edu.au/48714/3/Davidsson%20-%20Much%20ado%20about%20nothing%20-%20ACERE.pdf http://www.aceredianaconference.com.au/ Davidsson, Per & Gordon, Scott R. (2012) Much ado about nothing? The surprising persistence of nascent ventures through the global financial crisis. In The Joint ACERE-DIANA International Entrepreneurship Conference, 31 January – 3 February 2012, University of Notre Dame, Fremantle, WA. |
Direitos |
Copyright 2012 [please consult the authors] |
Fonte |
Australian Centre for Entrepreneurship; QUT Business School; School of Management |
Palavras-Chave | #150304 Entrepreneurship #Nascent Ventures #Global Financial Crisis |
Tipo |
Conference Paper |