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Research papers on What makes startups succeed

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  1. The knowledge spillover theory of entrepreneurship

    Zoltán J. Ács, Pontus Braunerhjelm, David B. Audretsch, et al. · 2008 · Small Business Economics · 1,824 citations

    Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. Although the entrepreneurship literature treats opportunities as exogenous, the prevailing theory of economic growth suggests they are endogenous. This paper advances the microeconomic foundations of endogenous growth theory by developing a knowledge spillover theory of entrepreneurship. Knowledge created endogenously results in knowledge spillovers, which allow entrepreneurs to identify and exploit opportunities.

  2. The Psychology of Entrepreneurship

    Michael Fresé, Michael M. Gielnik · 2014 · Annual Review of Organizational Psychology and Organizational Behavior · 908 citations

    In this review of the psychology of entrepreneurship, we first present meta-analytic findings showing that personality dimensions, such as (general) self-efficacy and need for achievement, and entrepreneurial orientation are highly associated with entrepreneurship (business creation and business success). We then discuss constructs that were developed within entrepreneurship research, such as entrepreneurial alertness, business planning, financial capital as resources, and entrepreneurial orientation, and how they can be better understood by taking a psychological perspective. Next, we elaborate how traditional psychological constructs have been utilized in entrepreneurship and how this may

  3. New venture strategies

    Karl H. Vesper · 1979 · Medical Entomology and Zoology · 900 citations

    1. Perspectives on Entrepreneurship. 2. Success and Failure Factors. 3. Career Departure Points. 4. Sequences in Startup. 5. Sources of Venture Ideas. 6. Evaluating Venture Ideas. 7. Main Competitive Entry Wedges. 8. Other Entry Wedges. 9. Acquisition Finding. 10. Acquisition Dealing. Appendices. Bibliography. Index.

  4. Putting Entrepreneurship Education Where the Intention to Act Lies: An Investigation Into the Impact of Entrepreneurship Education on Entrepreneurial Behavior

    Andreas Rauch, Willem Hulsink · 2014 · Academy of Management Learning and Education · 759 citations

    The growing attention to entrepreneurship education has caused a debate about whether entrepreneurship education can affect entrepreneurial behavior. We use a quasi-experimental design, comparing a MSc entrepreneurship program with a comparison group from a MSc supply-chain management program to test the effectiveness of entrepreneurship education, relying on the theory of planned behavior (TPB). The findings suggest that entrepreneurship education is effective. Specifically, students participating in entrepreneurship education show an increase in attitudes and perceived behavioral control. Furthermore, they have higher entrepreneurial intentions at the end of the program. Finally, entrepren

  5. Entrepreneurship Education through Successful Entrepreneurial Models in Higher Education Institutions

    Gabriela Boldureanu, Alina Măriuca Ionescu, Ana‐Maria Bercu, et al. · 2020 · Sustainability · 615 citations

    In higher education institutions, entrepreneurship learning based on successful entrepreneurial role models may promote education for sustainable development. Several theoretical perspectives, such as the human capital theory, the entrepreneurial self-efficacy and self-determination theory, argue that entrepreneurship education is positively correlated with entrepreneurial intentions of students, as it provides adequate know-how and skills and motivates them to develop their entrepreneurial careers. In entrepreneurship education programmes, exposure to successful entrepreneurial models could be a significant factor for stimulating students’ confidence in their ability to start a business and

  6. Comparative International Entrepreneurship

    Siri Terjesen, Jolanda Hessels, Dan Li · 2013 · Journal of Management · 515 citations

    This review systematically examines comparative international entrepreneurship (CIE) research, analyzing 259 articles published in 21 leading journals from 1989 to 2010. We outline the importance of multi-country studies of entrepreneurial activity in enabling the comparison and replication of research and generating meaningful contributions to scholarship, practice, and policy. Our systematic review classifies research findings into four levels—individual, firm, industry, and country—each with respect to characteristics, antecedents, and outcomes of entrepreneurial activities as well as theory and methodology. Taken together, our review highlights the heterogeneous nature of entrepreneurshi

  7. Success Factors in New Ventures: A Meta‐analysis<sup>*</sup>

    Michael Song, Ksenia Podoynitsyna, Hans van der Bij, et al. · 2007 · Journal of Product Innovation Management · 483 citations

    Technology entrepreneurship is key to economic development. New technology ventures (NTVs) can have positive effects on employment and could rejuvenate industries with disruptive technologies. However, NTVs have a limited survival rate. In our most recent empirical study of 11,259 NTVs established between 1991 and 2000 in the United States, we found that after four years only 36 percent, or 4,062, of companies with more than five full‐time employees, had survived. After five years, the survival rate fell to 21.9 percent, leaving only 2,471 firms still in operation with more than five full‐time employees. Thus, it is important to examine how new technology ventures can better survive. In the

  10. Exploring entrepreneurial readiness of youth and startup success components: Entrepreneurship training as a moderator

    Seun Azeez Olugbola · 2017 · Journal of Innovation & Knowledge · 267 citations

    From the behavioral perspective, this study analyzed the entrepreneurial readiness of youth in terms of opportunity identification, motivational factors, resources, and entrepreneurial ability. The study examined the effect of entrepreneurship training on young people's readiness to engage in entrepreneurial activity and the components behind successful startups. SEM was applied to a sample of 490 students from the Universiti Sains Islam Malaysia. The findings highlight the positive effect of opportunity identification, motivation, and resources on entrepreneurship and the central role of entrepreneurship training in all factors, including entrepreneurial ability. The role of entrepreneurshi

  11. Race and Entrepreneurial Success

    Robert W. Fairlie, Alicia Robb · 2008 · The MIT Press eBooks · 207 citations

    A comprehensive analysis of racial disparities and the determinants of entrepreneurial performance—in particular, why Asian-owned businesses on average perform relatively well and why black-owned businesses typically do not. Thirteen million people in the United States—roughly one in ten workers—own a business. And yet rates of business ownership among African Americans are much lower and have been so throughout the twentieth century. In addition, and perhaps more importantly, businesses owned by African Americans tend to have lower sales, fewer employees and smaller payrolls, lower profits, and higher closure rates. In contrast, Asian American-owned businesses tend to be more successful. In

  12. Success Factors of Startups in the EU—A Comparative Study

    Eulalia Skawińska, Romuald I. Zalewski · 2020 · Sustainability · 94 citations

    The paper focuses on key success factors of startups in the European Union. Startup companies have a massive potential to boost the level of innovation and competitiveness of national economies. They are also uniquely equipped to provide extremely effective and flexible ways of meeting both existing and emerging market needs. However, the development of these microventures differs from country to country. Hence, we put forth a hypothesis that strategic success factors in the development of startups vary in highly developed and catching-up countries. Our main goal was to determine the key success factors of startups in the EU, and to classify the gap between developed and lagging Member State

  15. Key Factors for Student Startup Success: Insights from Higher Education Professors

    Artūras Jurgelevičius, Agota Giedrė Raišienė · 2024 · European Conference on Innovation and Entrepreneurship · 1 citations

    The study aims to identify and analyse the key factors of student start-ups from the perspective of higher academic institution professors. Entrepreneurial students in higher education face challenges such as limited funding, scarce resources, lack of business experience and struggling to balance academic commitments with their start-up ventures. Additionally, they struggle with navigating complex business regulations and often lack access to proper networks or mentorship. This research contributes to a better understanding of how the entrepreneurial ecosystem in higher education institutions can support student start-up initiatives to succeed. For the research, a survey was conducted target

  17. Entrepreneurship Ecosystems and the Factors Contributing to Startup Success-A Study

    Dr. Krishna Kumar Sharma · 2024 · National Journal of Arts, Commerce &amp; Scientific Research Review

    Entrepreneurship has emerged as a key factor in a country economic and social progress in the last several decades. An effective entrepreneurial ecosystem is one approach to regional economic development that aims to foster the kind of conditions that can lead to long-term success for new businesses. In addition, company owners see the development of policies to promote economic growth as integral to the success of their enterprises and the significance of an entrepreneurial ecosystem. The key driver of a thriving entrepreneurial segment is that national goals can be better aligned with entrepreneurs activities if lawmakers have a better grasp of what startups deem essential. An increasing n

  19. Entrepreneurship and Product Innovation Orientation as Determinants of Startup Success

    Zeanette T. Lisbet, Anton Susilo · 2025 · West Science Journal Economic and Entrepreneurship

    This study investigates the impact of entrepreneurship orientation (EO) and product innovation orientation (PIO) on the success of startups in Indonesia. Using a quantitative approach, data were collected from 175 startups through a structured questionnaire with a Likert scale. The results, analyzed using SPSS version 25, show that both EO and PIO are positively correlated with startup success. Regression analysis reveals that both EO and PIO significantly predict startup success, with EO having a slightly stronger impact. The findings suggest that startups with a high level of entrepreneurship orientation, characterized by risk-taking, proactiveness, and competitive aggressiveness, tend to

  20. Startup technological maturity in Brazil: an analysis of critical success factors

    Hércules Antonio do Prado, Eduardo Amadeu Dutra Moresi, Aluizio Haendchen Filho, et al. · 2026 · Cadernos Cajuína

    This study explores the determinants of survival and success among Brazilian startups, with emphasis on technological maturity levels and critical success factors across the business lifecycle. It seeks to examine how technological readiness influences performance and to identify managerial shortcomings that may jeopardize long-term sustainability. A mixed-methods design was employed, integrating a systematic literature review with semi-structured interviews conducted with startup CEOs. The Technology Readiness Level (TRL), as adopted by the U.S. Department of Energy, was applied to evaluate the technological maturity and success potential of the participating startups. The findings reveal t

  21. Entrepreneurship in Emerging Asia: Indonesia’s Agritech Startup Ecosystem

    Hyunseok Cho, Youngkyung Ko · 2025 · Academy of Entrepreneurship

    This study examines how digital entrepreneurship is reshaping the agriculture and aquaculture technology startup ecosystem in Indonesia. Key objectives include identifying major players and trends in the sector, evaluating ecosystem supports, and pinpointing policy gaps that restrict growth. The findings reveal rapid expansion in the agritech sector, with numerous startups attracting notable investments and enhancing supply chains. However, the sector faces several challenges, such as inadequate infrastructure, limited policy support, and difficulties in scaling innovations for smallholder farmers. Critical issues include a lack of targeted agritech policies, low digital literacy among farme

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