Are You Experienced? Prior Experience and the Survival of New Organizations

Michael Slavensky Dahl, Toke Reichstein

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

81 Citationer (Scopus)
1001 Downloads (Pure)

Abstrakt

This paper investigates the relationship between the level of pre-entry experience of managers and founders, and the survival of their new firms. Using a comprehensive dataset covering the entire Danish labor market from 1980 to 2000, we are able to trace prior activities of all employees working in all Danish start-ups with at least one employee. We examine whether spin-offs from surviving parents, spin-offs from exiting parents or other start-ups are more likely to survive. Moreover, we investigate whether firms managed and founded by teams with higher levels of industry-specific experience have a higher chance of surviving. We find that spin-offs from a surviving parent and to a lesser degree industry-specific experience positively affects the likelihood of survival. We also find that spin-offs from a parent that exits are less likely to survive than either spin-offs from surviving parents or other start-ups.
OriginalsprogEngelsk
TidsskriftIndustry and Innovation
Vol/bind14
Udgave nummer5
Sider (fra-til)497-511
Antal sider15
ISSN1366-2716
DOI
StatusUdgivet - 2007

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