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Type: Book chapter
Title: Action's place in the venture creation process
Author: Gordon, S.
Citation: Entrepreneurial Action, 2012 / Corbett, A., Katz, J. (ed./s), Ch.6, pp.161-205
Publisher: Emerald Group Publishing Ltd
Publisher Place: Bingly, UK
Issue Date: 2012
Series/Report no.: Advances in Entrepreneurship Firm Emergence and Growth, vol. 14
ISBN: 9781780529004
Statement of
Scott R. Gordon
Abstract: This study examined the effect that venture creation action has on the outcomes of nascent entrepreneurship. A conceptual model was developed which proposes action as a fundamental mechanism in venture creation. Thus, action should rightly be considered as a means which transmits the effects of venture resource endowments on to venture creation outcomes. This conceptual model was empirically supported in a random sample of nascent ventures. Ventures with higher levels of human or social capital were found to be more active in venture creation. In turn, more active venture attempts were more likely to achieve improved venture creation outcomes. Further, human and social capital, on their own, exhibit little direct influence on the venture outcomes achieved. These findings confirm action’s central place in the venture creation process.
Keywords: Nascent entrepreneurship; entrepreneurial action; human and social capital; venture creation process; mediation model
Rights: Copyright © 2012 by Emerald Group Publishing Limited
RMID: 0030039363
DOI: 10.1108/S1074-7540(2012)0000014009
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Appears in Collections:Entrepreneurship, Commercialisation, and Innovation Centre publications

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