Founder's human capital, external investment, and the survival of new high-technology ventures

被引：184

作者：

Gimmon, Eli ^{[1
]}

Levie, Jonathan ^{[2
]}

机构：

[1] Tel Hai Acad Coll, IL-12210 Upper Galilee, Israel

[2] Univ Strathclyde, Glasgow G1 1XH, Lanark, Scotland

来源：

RESEARCH POLICY | 2010年 / 39卷 / 09期

关键词：

Technology entrepreneurship; Human capital; Investors; Signals; HIGH-TECH; CLUSTER DEVELOPMENT; PREDICTION MODEL; START-UPS; FIRMS; CRITERIA; MARKET; PERFORMANCE; SUCCESS; GROWTH;

D O I：

10.1016/j.respol.2010.05.017

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

The effect of founder characteristics in attracting external investment and enhancing survival of new high-technology ventures is explored using human capital theory and signalling theory. We test the effect of founder characteristics on external investment in and survival of new high-technology ventures by tracking a random sample of 193 high-technology start-ups, all participants in the Israeli Technology Incubator Program. Founder's business management expertise and academic status attracted external investment, but founder's general technological expertise did not. Founder's business management expertise and general technological expertise positively affected venture survival, but founder's academic status did not. Possible implications for entrepreneurs, investors, policy and further research are discussed. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：1214 / 1226

页数：13

共 104 条

[1]

AKMUS M, 1999, SMALL BUSINESS EC, V13, P143

[2]

Andrew JP, 2003, HARVARD BUS REV, V81, P76

[3]

[Anonymous], 1973, RES DEV MANAGE

[4]

[Anonymous], 2008, ENTREPRENEURSHIP RES