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|Title:||Much ado about nothing? The surprising persistence of nascent ventures through the global financial crisis|
|Citation:||The Joint ACERE-DIANA International Entrepreneurship Conference, 2012 / pp.1-16|
|Conference Name:||2012 Joint ACERE-DIANA International Entrepreneurship Conference (31 Jan 2012 - 03 Feb 2012 : Freemantle, Western Australia)|
|Davidsson P, Gordon S|
|Abstract:||Using the Global Financial Crisis as a natural experiment, we investigate how a major macro-economic crisis affects nascent (i.e., pre-operational) ventures. We hypothesize adverse effects on behaviors, behavioral plans, and expectations for the future, and that these effects would be more pronounced in ventures that are more innovative and/or more relying on loan funding. Overall, we find very limited support for our hypotheses. Our conclusion is that the main reason for the surprising absence of detrimental effects is that a large majority of nascent ventures are mostly affected by a relatively narrow, immediate task environment rather than directly by the fluctuations of the macro-economy.|
|Keywords:||Nascent Ventures; Global Financial Crisis|
|Rights:||Copyright © 2012|
|Appears in Collections:||Entrepreneurship, Commercialisation, and Innovation Centre publications|
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