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The influence of guided preparation on the long-term performance of new ventures
journal contribution
posted on 2023-06-09, 19:52 authored by James J Chrisman, Ed McMullan, Jeremy Kent HallJeremy Kent HallThis article further develops a theory of guided preparation and new venture performance and tests its fundamental relationships on a sample of 159 new ventures that received outsider assistance 5–9 years earlier and had been in business for 3–8 years. The results suggest that the long-term growth of the ventures since start-up is significantly related to guided preparation. However, a curvilinear model rather, than a linear model, was found to best capture the relationships of interest. This suggests that there are diminishing marginal returns associated with guided preparation and that too much may even have a negative influence on performance.
History
Publication status
- Published
Journal
Journal of Business VenturingISSN
0883-9026Publisher
ElsevierExternal DOI
Issue
6Volume
20Page range
769-791Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2019-12-05Usage metrics
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