An empirical analysis of the relationship among founding resources, strategies, and performance
Document Type
Conference Proceeding
Publication Date
1-1-2005
Abstract
Whether a firm's performance is more dependent on the resources or strategies it adopts at birth is widely debated in the literature. We endeavor to revolve this dispute by analyzing longitudinal data on thirty-six new independent ventures started worldwide in the semiconductor silicon crystal production industry between 1947 and 1997. We measure resources and strategies at the time of founding and relate these to multiple lagged performance measures of the firm. We find that while resources do appear to influence the strategy selected, it is the strategy and not the resources that determine the firm's performance.
Identifier
85207437049 (Scopus)
Publication Title
Academy of Management Annual Meeting Proceedings
External Full Text Location
https://doi.org/10.5465/ambpp.2005.18778640
e-ISSN
21516561
ISSN
00650668
Recommended Citation
Newbert, Scott L.; Kirchhoff, Bruce A.; and Walsh, Steven T., "An empirical analysis of the relationship among founding resources, strategies, and performance" (2005). Faculty Publications. 19910.
https://digitalcommons.njit.edu/fac_pubs/19910
