Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9734720 | Journal of Business Venturing | 2005 | 23 Pages |
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.
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Authors
James J. Chrisman, Ed McMullan, Jeremy Hall,