The DOI matches its Crossref record; 74 of the 74 references it cites were found in a registry or an index.
Does innovativeness reduce startup survival rates?
Open accessAbstract
There are two competing hypotheses explaining how innovativeness influences the survival of startups: On the one hand, innovativeness is argued to foster survival-enhancing attributes (e.g., market power and cost efficiency) and capabilities (e.g., absorptive capacity). On the other hand, an innovative startup faces (and bears the associated risks of) liabilities of newness and smallness that exceed those of its non-innovative counterparts. The available empirical literature addressing this theoretical tension mostly supports the former hypothesis; we suggest that this finding is, in part, driven by the common practice of employing an ex post measure that already embodies a degree of success in innovativeness. We use an ex ante measure and find that a startup's innovativeness is negatively associated with its subsequent survival. We also find that entrepreneurs' greater appetite for risk magnifies this negative association. These findings imply that pursuing innovations is not necessarily associated with survival during the early stages of firm development and entails a more complicated start-up process.
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Cites
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Cited by
Block, J. H., Fisch, C. O., & van Praag, M. (2017) · Industry and Innovation · doi:10.1080/13662716.2016.1216397 · Cited by 384
van Rijnsoever, F. J. (2020) · Research Policy · doi:10.1016/j.respol.2019.103884 · Cited by 219
The sustainable start‐up paradox: Predicting the business and climate performance of start‐ups
Leendertse, J., van Rijnsoever, F. J., & Eveleens, C. P. (2021) · Business Strategy and the Environment · doi:10.1002/bse.2667 · Cited by 64
A systematic literature review of startup survival and future research agenda
Azeem, M., & Khanna, A. (2024) · Journal of Research in Marketing and Entrepreneurship · doi:10.1108/jrme-03-2022-0040 · Cited by 19
Metadata
- Authors
- Hyytinen, A., Pajarinen, M., & Rouvinen, P.
- Venue
- Journal of Business Venturing
- Publisher
- Elsevier BV
- Published
- 2015-07
- Volume
- 30
- Issue
- 4
- Pages
- 564-581
- ISSN
- 0883-9026 (ISSN-L)
- OpenAlex
- W1996525757
- Cited by
- 358
- References
- 74
- FWCI
- 34.16
- Type
- journal article
- Language
- en
- Open access
- hybrid
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- Hyytinen, A., Pajarinen, M., & Rouvinen, P. (2015). Does innovativeness reduce startup survival rates? Journal of Business Venturing. https://doi.org/10.1016/j.jbusvent.2014.10.001
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
