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The role of founder knowledge in the survival and growth of knowledge intensive new ventures

Conference contribution
Authors Ethan Gifford
Guido Buenstorf
Daniel Ljungberg
Maureen McKelvey
Olof Zaring
Published in The 30th Annual European Association for Evolutionary Political Economy conference 2018: Evolutionary foundations at a crossroad; Assessments, outcomes and implications for policy makers
Publication year 2018
Published at Department of Economy and Society, Innovation and Entrepreneurship (IIE)
Department of Economy and Society
Language en
Subject categories Econometrics, Business Administration


This paper examines the impacts of three types of founder and founder team knowledge on the survival and growth of knowledge-intensive new ventures: entrepreneurial, same-industry, and academic work knowledge. We utilize unique survey data of young, small European firms across sectors, which have been matched with data on subsequent firm performance. In terms of likelihood of survival, our results indicate the importance of previous entrepreneurial work knowledge and same-industry work knowledge. In terms of growth, our results using quantile regression indicate that both entrepreneurial work knowledge and academic work knowledge from previous work experience are positively associated with high growth rates, whereas results for same-industry work knowledge are mixed.

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