The influence of guided preparation on the long-term performance of new ventures

Chrisman, James J, McMullan, Ed and Hall, Jeremy (2005) The influence of guided preparation on the long-term performance of new ventures. Journal of Business Venturing, 20 (6). pp. 769-791. ISSN 0883-9026

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Abstract

This 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.

Item Type: Article
Schools and Departments: University of Sussex Business School > SPRU - Science Policy Research Unit
Depositing User: Tahir Beydola
Date Deposited: 05 Dec 2019 11:16
Last Modified: 05 Dec 2019 11:16
URI: http://sro.sussex.ac.uk/id/eprint/88586
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