Founding scale and survival: double-edged effects of corporate sponsorship
This study examines the effects of founding scale on survival rates across independent and corporate-sponsored Taiwan securities firms. Empirical results confirm the positive effects of founding scale and corporate sponsorship on new venture survival. Results also indicate that when founding scale is large, corporate-sponsored new ventures have higher survival rates than independent ventures. However, when founding scale is smaller, the reverse is true: corporate-sponsored new ventures have lower survival rates than independent ventures. Therefore, corporate sponsorship comes off as a double-edged sword; new ventures may benefit from the parent's existent resources and social linkages, but also suffer from a loss of autonomy and control over major decisions.
Year of publication: |
2009
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Authors: | Chung, Hsien-Jui ; Lo, Hsuan ; Chen, Chun-Chung |
Published in: |
The Service Industries Journal. - Taylor & Francis Journals, ISSN 0264-2069. - Vol. 31.2009, 6, p. 997-1009
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Publisher: |
Taylor & Francis Journals |
Saved in:
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