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Founded in adversity: Operations-based survival strategies of ventures founded during a recession
Ist Teil von
International journal of production economics, 2016-03, Vol.173, p.161-169
Ort / Verlag
Amsterdam: Elsevier B.V
Erscheinungsjahr
2016
Quelle
Alma/SFX Local Collection
Beschreibungen/Notizen
We examine the survival of 404 new ventures founded during the 2008 recession. We find that industry explains a significant but small percentage of variance in survival (2.81 percent), and therefore focus on which operations-related actions could enhance ventures’ odds of survival. We find marginally significant support for our hypotheses that a venture founded during a recession is more likely to survive if it increases its production efficiency, increases both its production efficiency and variable costs, or increases both its production efficiency and fixed costs in property, plant and equipment. Our findings demonstrate that operational decisions are key determinants of survival for ventures founded during a recession.