Internal Capabilities, External Networks, and Perfomance : A Study on Technology - Based Ventures  

Oleh:

Choonwoo, Lee ; Lee, Kyungmook ; Pennings, Johannes M.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 22 no. 6-7 (2001), page 615-640.
Topik: network; entrepreneurship; cpabiltiies; social capital; social networks; start - up companies; innovation

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This study examined the influence of internal capabilities and external networks on firm performance by using data from 137 korean technological start -up companies. Internal capabilities were operationalized by entrepreneurial orientation, technological capabilities, and financial resources invested during the development period. External networks were captured by partnership and sponsorship - based linkages. Partnership - based linkages were measured by strategic alliances with other enterprises and venture capitalists, collaboration with universities or research institutes, and participation in venture associations. Sponsorhip - based linkages consisted of financial and non financial support from commercial banks and the korean government. Sales growth indicated the start - up's performance. Regression results showed that the three indicators of internal capabilities are important predictors of a start - up's performance. Among external networks, only the linkages to venture capital companies predicted the start - up's performance. Several interaction terms between internal capabilities and partnership - based linkages have a statistically significant influence on performance. Sponsorship - based linkages do not have individual effects on performance but linkage with financial resources invested on a start up's performance. Implications and directions for future research were discussed.

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