2013
DOI: 10.1515/erj-2012-0012
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Factors Contributing to the Success of Start-Up Firms Using Two-Point or Multiple-Point Scale Models

Abstract: This study investigates the determinants of start-up success in a sample of Finnish firms. Our database allows us to investigate how qualitative information based on the personal history and characteristics of the owner, along with firm and market attributes, affect success 5 years after start-up. It seeks to compare the factors affecting success as derived from two-point and multiple-point scale models. The results indicate that a multiple-point scale model yields more statistically significant attributes com… Show more

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Cited by 15 publications
(5 citation statements)
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“…The individual's experience is one of the variables that researchers have most frequently found to be significant with regard to distinguishing between successful and unsuccessful entrepreneurs. Moreover, if the first experience has something to do with starting a business activity during the individual's youth, this makes the individual more likely to start another entrepreneurial activity later on (Miettinen and Littunen 2013). This study employs a dummy variable for business experience (0 = no, 1 = yes).…”
Section: Methodsmentioning
confidence: 99%
“…The individual's experience is one of the variables that researchers have most frequently found to be significant with regard to distinguishing between successful and unsuccessful entrepreneurs. Moreover, if the first experience has something to do with starting a business activity during the individual's youth, this makes the individual more likely to start another entrepreneurial activity later on (Miettinen and Littunen 2013). This study employs a dummy variable for business experience (0 = no, 1 = yes).…”
Section: Methodsmentioning
confidence: 99%
“…The individual's experience is one of the factors that authors have most frequently found to be significant as regards distinguishing between successful and unsuccessful entrepreneurs. Moreover, if the first venture has something to do with starting a business activity during the individual's youth, this makes this person more likely to begin another entrepreneurial activity later [14].…”
Section: Determinants Of Entrepreneurial Intentionsmentioning
confidence: 99%
“…Nevertheless, there is a group of factors which potentially explain business survival while also pertaining to the characteristics of the entrepreneur, that is, human capital. Regarding human capital theories, the most significant for business survival are education, prior professional career and experience, and personal characteristics, like age, gender, or the number of children (Arribas & Vila, 2007; Åstebro & Bernhardt, 2005; Block et al, 2012; Boyer & Blazy, 2014; Dutta et al, 2011; Gimeno et al, 1997; Habibov et al, 2017; Miettinen & Littunen, 2013; Saridakis et al, 2008). The accumulation of human capital supports the growth of entrepreneurial knowledge and skills which enable a business to be run continuously.…”
Section: Theoretical Groundingmentioning
confidence: 99%