[show abstract][hide abstract] ABSTRACT: Though time is an important dimension of the venture creation process, our understanding of why some entrepreneurs are able to act more quickly than others is limited. Equally, not much is known about the relationship between venture creation speed and the subsequent venture growth. In this paper, we use a resource-based perspective to provide insights into the factors that quicken or retard venture creation and to explore how speed impacts on subsequent growth. This is important because the topic remains generally underresearched and because even less is understood about venture creation speed in the context of South American economies. Data were collected from face-to-face interviews with 647 entrepreneurs in Argentina, Brazil, Chile, and Peru. Using a multivariate regression framework, we find that entrepreneurs make use of their human and social capital resources to shape the speed by which their venture is created. Moreover, their perceptions of unfavorable environmental conditions seem to retard venture creation. Findings also suggest that entrepreneurs who take more time to create a more solid resource base tend to receive better growth outcomes. Implications from the findings are discussed.
Journal of Small Business Management 06/2010; 48(3):302 - 324. · 1.39 Impact Factor
[show abstract][hide abstract] ABSTRACT: New ventures are increasingly playing an important role in Latin American economies. However, little is known about the determinants
of new firm growth in this context. The purpose of this study is to gain an understanding of the factors influencing new firm
growth in Argentina, Brazil, Mexico and Peru. Individual, organizational and environmental factors are included in an empirical
model, which is tested using data collected by face-to-face interviews with 582 entrepreneurs. Different specifications of
employment growth and regression approaches are employed. Results suggest that growth strongly depends on the characteristics
of the entrepreneur. National environment and firm-related factors are also important factors in determining growth.
International Entrepreneurship and Management Journal 02/2008; 4(1):79-99. · 5.05 Impact Factor
[show abstract][hide abstract] ABSTRACT: Time is central to our understanding of entrepreneurship. However, while prior research has shown a general link between decision speed and venture performance, little is known about what factors influence the speed of venture creation. Equally, little research has been conducted on how venture creation speed impacts on venture growth. This paper examines the determinants and growth implications of venture creation speed from a social constructionist perspective, which sees that time both shapes and is shaped by individuals, social contexts and spatial structures. We, therefore, investigate the influence of entrepreneurial characteristics, external support, institutional influences and the regional context in which venture creation speed occurs and subsequently impacts on growth in new ventures. Results from structured interviews with 381 active de novo entrepreneurs in Catalonia (Spain) show a positive relationship between prior entrepreneurial experience and speed. Interestingly, support from potential suppliers and customers is useful not only for speed but also for the subsequent growth of the venture. In contrast, business planning retards venture creation and fails to lead to an improvement in growth. Results also indicate a positive, but weak, relationship between speed and growth, once entrepreneurial, environmental and venture characteristics are held constant. The paper subsequently discusses these findings and suggests further research directions and practical implications.
Entrepreneurship and Regional Development - ENTREP REG DEV. 01/2008; 20(4):317-343.