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Journal Articles Journal of Small Business Management Year : 2020

Configurations of business founder resources, strategy, and environment determining new venture performance

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Paul Steffens
  • Function : Author
Koen de Bock
  • Function : Author
Sophie de Winne
  • Function : Author
Johan Maes
  • Function : Author

Abstract

We advance a configurational perspective that assumes a new venture’s performance, operationalized as profitability in this study, is determined by interdependencies among its founder(s)’s resources (i.e., human, social, and financial capital), its strategy, and environmental munificence. Using Rule Ensembles, a semiparametric set-theoretic method, we conduct an abductive investigation using a sample of 853 new ventures. The Rule Ensembles technique identifies five multivariate interdependencies (rules) that enhance new venture profitability and two that reduce it. Indicators of business founder resources are involved in all of the seven model rules. Four configurational rules, including a strategy and/or environmental component, equally emerge.

Dates and versions

hal-03132900 , version 1 (05-02-2021)

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Jonas Debrulle, Paul Steffens, Koen de Bock, Sophie de Winne, Johan Maes. Configurations of business founder resources, strategy, and environment determining new venture performance. Journal of Small Business Management, 2020, pp.1-38. ⟨10.1080/00472778.2020.1831807⟩. ⟨hal-03132900⟩
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