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Conference Paper: Is Money Always Good for New Venture R&D and Survival? The Dark Side of Financial Munificence
Title | Is Money Always Good for New Venture R&D and Survival? The Dark Side of Financial Munificence |
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Authors | |
Issue Date | 2019 |
Publisher | Academy of Management. The Journal's web site is located at http://www.aomonline.org/aom.asp?id=156 |
Citation | The 79th Annual Meeting of the Academy of Management: Understanding the Inclusive Organization, Boston, Massachusetts, USA, 9-13 August 2019. In Academy of Management Proceedings, 2019, v. 2019 n. 1, abstract no. 19164 How to Cite? |
Abstract | Whereas financial resources are critical to new venture R&D and survival, few studies have examined their potential limitations. We posit that although financial munificence increases R&D resource allocation, it may reduce the efficiency of how R&D investment affects new venture survival. We further propose that three CEO attributes (i.e., work experience, education, and gender) can mitigate the negative influence of financial munificence. The results of data drawn from a six-year longitudinal study of 791 technology new ventures provide strong support for our hypotheses. We contribute to the new venture and entrepreneurship literature by exploring the limitations of financial resources and identifying important characteristics that address such limitations. |
Persistent Identifier | http://hdl.handle.net/10722/278800 |
ISSN |
DC Field | Value | Language |
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dc.contributor.author | Wang, X | - |
dc.contributor.author | Zhou, KZ | - |
dc.date.accessioned | 2019-10-21T02:14:17Z | - |
dc.date.available | 2019-10-21T02:14:17Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | The 79th Annual Meeting of the Academy of Management: Understanding the Inclusive Organization, Boston, Massachusetts, USA, 9-13 August 2019. In Academy of Management Proceedings, 2019, v. 2019 n. 1, abstract no. 19164 | - |
dc.identifier.issn | 2151-6561 | - |
dc.identifier.uri | http://hdl.handle.net/10722/278800 | - |
dc.description.abstract | Whereas financial resources are critical to new venture R&D and survival, few studies have examined their potential limitations. We posit that although financial munificence increases R&D resource allocation, it may reduce the efficiency of how R&D investment affects new venture survival. We further propose that three CEO attributes (i.e., work experience, education, and gender) can mitigate the negative influence of financial munificence. The results of data drawn from a six-year longitudinal study of 791 technology new ventures provide strong support for our hypotheses. We contribute to the new venture and entrepreneurship literature by exploring the limitations of financial resources and identifying important characteristics that address such limitations. | - |
dc.language | eng | - |
dc.publisher | Academy of Management. The Journal's web site is located at http://www.aomonline.org/aom.asp?id=156 | - |
dc.relation.ispartof | Academy of Management Proceedings | - |
dc.relation.ispartof | 79th Annual Meeting of the Academy of Management, 2019 | - |
dc.title | Is Money Always Good for New Venture R&D and Survival? The Dark Side of Financial Munificence | - |
dc.type | Conference_Paper | - |
dc.identifier.email | Zhou, KZ: kevinzhou@business.hku.hk | - |
dc.identifier.authority | Zhou, KZ=rp01127 | - |
dc.identifier.doi | 10.5465/AMBPP.2019.19164abstract | - |
dc.identifier.hkuros | 307574 | - |
dc.identifier.volume | 2019 | - |
dc.identifier.issue | 1 | - |
dc.identifier.spage | abstract no. 19164 | - |
dc.identifier.epage | abstract no. 19164 | - |
dc.publisher.place | United States | - |
dc.identifier.issnl | 2151-6561 | - |