Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/92610
Type: | Conference item |
Title: | Much ado about nothing? The surprising persistence of nascent ventures through the global financial crisis |
Author: | Davidsson, P. Gordon, S.R. |
Citation: | The Joint ACERE-DIANA International Entrepreneurship Conference, 2012, pp.1-16 |
Issue Date: | 2012 |
Conference Name: | 2012 Joint ACERE-DIANA International Entrepreneurship Conference (31 Jan 2012 - 3 Feb 2012 : Freemantle, Western Australia) |
Statement of Responsibility: | Davidsson P, Gordon S |
Abstract: | Using the Global Financial Crisis as a natural experiment, we investigate how a major macro-economic crisis affects nascent (i.e., pre-operational) ventures. We hypothesize adverse effects on behaviors, behavioral plans, and expectations for the future, and that these effects would be more pronounced in ventures that are more innovative and/or more relying on loan funding. Overall, we find very limited support for our hypotheses. Our conclusion is that the main reason for the surprising absence of detrimental effects is that a large majority of nascent ventures are mostly affected by a relatively narrow, immediate task environment rather than directly by the fluctuations of the macro-economy. |
Keywords: | Nascent Ventures Global Financial Crisis |
Rights: | Copyright © 2012 |
Appears in Collections: | Aurora harvest 2 Entrepreneurship, Commercialisation, and Innovation Centre publications |
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