Assessing the Relationship between Human Capital and Firm Performance: Evidence from Technology‐Based New Ventures

Assessing the Relationship between Human Capital and Firm Performance: Evidence from... We assess the role of human capital in the growth and development of new technology‐based ventures, based on longitudinal data from 198 high‐tech ventures. Our empirical results imply that there is a strong relationship between team experience and strategy. Although there is a weak direct link between team experience and venture performance, the findings strongly suggest that the fit between strategy and team experience is a key determinant of the long‐term performance of high‐tech entrepreneurial ventures. For small, technology‐based new ventures, the team's technological experience appears to be the most important determinant of the success of a differentiation strategy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Entrepreneurship Theory and Practice Wiley

Assessing the Relationship between Human Capital and Firm Performance: Evidence from Technology‐Based New Ventures

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Publisher
Wiley
Copyright
Copyright © 2007 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1042-2587
eISSN
1540-6520
DOI
10.1111/j.1540-6520.2007.00206.x
Publisher site
See Article on Publisher Site

Abstract

We assess the role of human capital in the growth and development of new technology‐based ventures, based on longitudinal data from 198 high‐tech ventures. Our empirical results imply that there is a strong relationship between team experience and strategy. Although there is a weak direct link between team experience and venture performance, the findings strongly suggest that the fit between strategy and team experience is a key determinant of the long‐term performance of high‐tech entrepreneurial ventures. For small, technology‐based new ventures, the team's technological experience appears to be the most important determinant of the success of a differentiation strategy.

Journal

Entrepreneurship Theory and PracticeWiley

Published: Nov 1, 2007

References

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