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dc.contributor.authorHyytinen, Ari
dc.contributor.authorPajarinen, Mika
dc.contributor.authorRouvinen, Petri
dc.date.accessioned2015-06-08T05:24:24Z
dc.date.available2015-06-08T05:24:24Z
dc.date.issued2015
dc.identifier.citationHyytinen, A., Pajarinen, M., & Rouvinen, P. (2015). Does innovativeness reduce startup survival rates?. <i>Journal of Business Venturing</i>, <i>30</i>(4), 564-581. <a href="https://doi.org/10.1016/j.jbusvent.2014.10.001" target="_blank">https://doi.org/10.1016/j.jbusvent.2014.10.001</a>
dc.identifier.otherCONVID_24025103
dc.identifier.otherTUTKAID_63919
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/46221
dc.description.abstractThere are two competing hypotheses explaining how innovativeness influences the survival of startups: On the one hand, innovativeness is argued to foster survival-enhancing attributes (e.g., market power and cost efficiency) and capabilities (e.g., absorptive capacity). On the other hand, an innovative startup faces (and bears the associated risks of) liabilities of newness and smallness that exceed those of its non-innovative counterparts. The available empirical literature addressing this theoretical tension mostly supports the former hypothesis; we suggest that this finding is, in part, driven by the common practice of employing an ex post measure that already embodies a degree of success in innovativeness. We use an ex ante measure and find that a startup's innovativeness is negatively associated with its subsequent survival. We also find that entrepreneurs' greater appetite for risk magnifies this negative association. These findings imply that pursuing innovations is not necessarily associated with survival during the early stages of firm development and entails a more complicated start-up process.
dc.language.isoeng
dc.publisherElsevier Inc.
dc.relation.ispartofseriesJournal of Business Venturing
dc.subject.otherstartups
dc.titleDoes innovativeness reduce startup survival rates?
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201506012134
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineBasic or discovery scholarshipfi
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineBasic or discovery scholarshipen
dc.contributor.oppiaineEconomicsen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2015-06-01T12:15:02Z
dc.type.coarhttp://purl.org/coar/resource_type/c_2df8fbb1
dc.description.reviewstatuspeerReviewed
dc.format.pagerange564–581
dc.relation.issn0883-9026
dc.relation.numberinseries4
dc.relation.volume30
dc.type.versionpublishedVersion
dc.rights.copyright© 2014 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license.
dc.rights.accesslevelopenAccessfi
dc.subject.ysoyrittäjyys
dc.subject.ysoinnovatiivisuus
dc.subject.ysohenkiinjääminen
jyx.subject.urihttp://www.yso.fi/onto/yso/p1182
jyx.subject.urihttp://www.yso.fi/onto/yso/p8310
jyx.subject.urihttp://www.yso.fi/onto/yso/p14692
dc.rights.urlhttps://creativecommons.org/licenses/by-nc-nd/3.0/
dc.relation.doi10.1016/j.jbusvent.2014.10.001
dc.type.okmA1


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© 2014 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license.
Except where otherwise noted, this item's license is described as © 2014 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license.