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On the interconnectedness of value network maturity and new technology-based firm survival

  • We examine to what extent a transaction relation-based value network maturity status of New Technology-Based Firms (NTBFs) is related to their survival. A specific challenge of NTBFs is their lack of market-orientation, which is why the maturity of the ties they form towards the market in terms of customers, financiers, personnel and partners is supposed to be a strong indicator for survival. We analyze a sample of 170 NTBFs by capturing their value network status from business plans and defining their survival status using secondary research. Simple statistical tests and regressions suggest that the official registration of the business is a pre-step for survival that requires industry-specific value network dimension strengths. A sub-sample survival analysis shows that for all NTBFs that have reached registration, regardless of their industry, a stronger customer value network maturity dimension prevents from failure and is thus a significant predictor for survival. Moreover, the analyses partly support the idea that NTBFs from the IT sector are less dependent on a strong value network in the financier dimension to survive. The results are of relevance for both practitioners and researchers in the innovation system: a better understanding of the factors impacting on NTBF survival can help to provide more tailored support services for young firms, increase the effectiveness of resource allocations, and provide a basis for further research.

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Author:Christina UngererORCiD, Marc König, Guido H. BaltesORCiDGND, Kanetaka M. Maki
Parent Title (English):International Conference on Engineering, Technology and Innovation (ICE/ITMC), , 27-29 June 2017, Funchal, Portugal
Document Type:Conference Proceeding
Year of Publication:2017
Release Date:2019/08/06
Tag:New Technology-Based Firms; Survival Capability; Value Network; Transaction Relations; Business Plan
First Page:919
Last Page:929
Volltextzugriff für Angehörige der Hochschule Konstanz möglich.
Relevance:Keine peer reviewed Publikation (Wissenschaftlicher Artikel und Aufsatz, Proceeding, Artikel in Tagungsband)
Open Access?:Nein
Licence (German):License LogoUrheberrechtlich geschützt