Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/92610
Type: Conference item
Title: Much ado about nothing? The surprising persistence of nascent ventures through the global financial crisis
Author: Davidsson, P.
Gordon, S.R.
Citation: The Joint ACERE-DIANA International Entrepreneurship Conference, 2012 / pp.1-16
Issue Date: 2012
Conference Name: 2012 Joint ACERE-DIANA International Entrepreneurship Conference (31 Jan 2012 - 03 Feb 2012 : Freemantle, Western Australia)
Statement of
Responsibility: 
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
RMID: 0030030873
Appears in Collections:Entrepreneurship, Commercialisation, and Innovation Centre publications

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