Entry barriers and new venture performance: A comparison of universal and contingency approaches

• 成果类型: Article
• 署名作者: Robinson, KC; McDougall, PP
• 署名单位: University System of Georgia; Kennesaw State University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.186
• 发表日期: 2001
• 页码: 659-685
• 关键词: new ventures; entrepreneurship; Entry barriers

摘要

This study utilized universal and contingency approaches to empirically investigate the effects of entry barriers on new, venture performance. Consistent with prior research utilizing the universal approach, this study found only limited support for the direct independent effects of entry barriers on performance. Conversely, this study provides strong support for utilizing the contingency approach to examine the complex effects of entry barriers on divergent performance measures. Overall, contingency models incorporating the theoretically justified moderating effects of industry life cycle stage and venture strategy explained 31, 61, and 45 percent of the variance in profitability, shareholder wealth creation, and sales growth respectively. Copyright (C) 2001 John Wiley & Sons, Ltd.