Revisiting burns and stalker: Formal structure and new venture performance in emerging economic sectors

• 成果类型: Article
• 署名作者: Sine, WD; Mitsuhashi, H; Kirsch, DA
• 署名单位: Cornell University; University of Tsukuba; University System of Maryland; University of Maryland College Park
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• 发表日期: 2006
• 页码: 121-132
• 关键词: organizations; determinants; management; intensity; resource; creation; GROWTH; size

摘要

This study examines the effects of formal structure on the performance of new ventures in the emergent Internet sector during the years 1996-2001. Burns and Stalker (1961) argued that in dynamic economic sectors, firms with organic structures are more effective than those with more mechanistic structures. We suggest this proposition does not hold for new ventures in turbulent, emergent economic sectors. Building on Stinchombe's (1965) arguments concerning new ventures' liability of newness, we hypothesize that new ventures with higher founding team formalization, specialization, and administrative intensity outperform those with more organic organizational structures. Results support these hypotheses.