Reasons for the Failure of New Technology-Based Firms: A Longitudinal Empirical Study for Germany
JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
Reasons for the Failure of New Technology-Based Firms: A Longitudinal Empirical Study for Germany
Pinkwart, Andreas | Proksch, Dorian | Schefczyk, Michael | Fiegler, Torsten | Ernst, Cornelia
Credit and Capital Markets – Kredit und Kapital, Vol. 48 (2015), Iss. 4 : pp. 597–627
6 Citations (CrossRef)
Additional Information
Article Details
Author Details
Prof. Dr. Andreas Pinkwart, HHL Leipzig Graduate School of Management, Stiftungsfonds Deutsche Bank Chair of Innovation Management and Entrepreneurship, Jahnallee 59, 04109 Leipzig, Germany
Dr. Dorian Proksch, HHL Leipzig Graduate School of Management, Stiftungsfonds Deutsche Bank Chair of Innovation Management and Entrepreneurship, Jahnallee 59, 04109 Leipzig, Germany
Prof. Dr. Michael Schefczyk, TU Dresden, Chair of Entrepreneurship and Innovation, Helmholtzstraße 10, 01062 Dresden, Germany
Torsten Fiegler, TU Dresden, Chair of Entrepreneurship and Innovation, Helmholtzstraße 10, 01062 Dresden, Germany
Cornelia Ernst, TU Dresden, Chair of Entrepreneurship and Innovation, Helmholtzstraße 10, 01062 Dresden, Germany
Cited By
-
Sobrevivência de Empresas Nascentes: Influência do Capital Humano, Social, Práticas Gerenciais e Gênero
Bertolami, Mariana | Artes, Rinaldo | Gonçalves, Pedro João | Hashimoto, Marcos | Lazzarini, Sergio GiovanettiRevista de Administração Contemporânea, Vol. 22 (2018), Iss. 3 P.311
https://doi.org/10.1590/1982-7849rac2018160121 [Citations: 10] -
Factors and circumstances affecting the business performance of firms based on new technologies
Slavik, Štefan | Bednarova, VeronikaProblems and Perspectives in Management, Vol. 22 (2024), Iss. 3 P.458
https://doi.org/10.21511/ppm.22(3).2024.35 [Citations: 0] -
The importance of marketing mix planning and customer orientation for venture capital–financed startups: impacts on valuation, performance, and survival
Woehler, Julia | Ernst, CorneliaJournal of Research in Marketing and Entrepreneurship, Vol. 25 (2023), Iss. 1 P.1
https://doi.org/10.1108/JRME-08-2021-0098 [Citations: 4] -
Reframing Indigenous tourism entrepreneurial personality, experience, sense of community and challenges in community-based tourism-related business
Hanafiah, Mohd Hafiz | Zamzuri, Norol Hamiza | Sharif, Tengku Intan Suzila Tengku | Chartrungruang, Bung-onJournal of Enterprising Communities: People and Places in the Global Economy, Vol. 18 (2024), Iss. 2 P.327
https://doi.org/10.1108/JEC-09-2022-0131 [Citations: 4] -
Bankruptcy prediction and homogeneity of firm samples: The case of Greece
Arnis, Nikolaos I. | Chytis, Evangelos T. | Kolias, Georgios D.Journal of Accounting and Taxation, Vol. 10 (2018), Iss. 9 P.110
https://doi.org/10.5897/JAT2018.0321 [Citations: 0] -
Entrepreneur characteristics and differences in reasons for business failure: evidence from bankrupt Austrian SMEs
Mayr, Stefan | Mitter, Christine | Kücher, Alexander | Duller, ChristineJournal of Small Business & Entrepreneurship, Vol. 33 (2021), Iss. 5 P.539
https://doi.org/10.1080/08276331.2020.1786647 [Citations: 46]
Abstract
We analyzed the determinants for the business failure of German New Technology-Based Firms (NTBF) in different financial stages. This included a literature review and creation of a set of propositions for the determinants within the individual stages. On the basis of an empirical and longitudinal dataset including data of 82 NTBFs, we tested a subset of our assumptions. With this, we could prove that the technology, the market, the financing and the management competencies comprise important factors as identified in previous studies. Further, we proved that the factors differ in each investment stage as shown by the significance and the connotation of the correlations. The area of technology was not significant in the first investment stage but in the second. While the determinants proved to be the same in the market area, the connotations of the variables differ in the financial and human resource variables. We showed that the different financial states should be analyzed separately when determining factors of business failure.
Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Andreas Pinkwart et al.: Reasons for the Failure of New Technology-Based Firms: A Longitudinal Empirical Study for Germany | 1 |