Honeymoons and the Liability of Adolescence: A New Perspective on Duration Dependence in Social and Organizational Relationships

Fichman, Mark; Levinthal, Daniel A.

doi:10.2307/258870

Cited by 223 publications

(197 citation statements)

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“…With regard to observation period, the 'liability of newness' (Stinchcombe, 1965) and the 'liability of adolescence' hypotheses (e.g., Brüderl and Schüssler, 1990;Fichmann and Levinthal, 1991;Mahmood, 2000) have to be taken into account. While the former postulates that young businesses have a higher risk of failure compared to older businesses, the latter suggests an inverted U-shaped pattern of business failure over time.…”

Section: Observation Periodmentioning

confidence: 99%

Predicting Founding Success and New Venture Survival: A Longitudinal Nascent Entrepreneurship Approach

Keßler¹,

Korunka

Frank

et al. 2012

J. Enterprising Culture

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Based on a model consisting of (1) indicators related to the entrepreneurial person, (2) resource/environment indicators, and (3) founding process indicators, this paper examines founding success (who ultimately started up a business?) and new venture success/failure (which businesses survived?) in nascent businesses. The study analyzes a sample of 227 nascent entrepreneurs in Austria observed over a period of seven years. We find that characteristics of the person (i.e., risktaking) affect founding success, but not survival. At the same time, resource and environment aspects did not show an effect on founding success or survival. Finally, we find that aspects of the founding process serve to explain both founding success and survival.

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Section: Observation Periodmentioning

confidence: 99%

Predicting Founding Success and New Venture Survival: A Longitudinal Nascent Entrepreneurship Approach

Keßler¹,

Korunka

Frank

et al. 2012

J. Enterprising Culture

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“…This relationship is explained by the "liability of adolescence" effect (Fichman and Levinthal, 1991) and the "liability of senescence" effect (Hannah, 1998). According to the liability of adolescence effect, entrant firms are "protected" from failure by initial resource endowments and strategic choices made by firms to compete in the market.…”

Section: The Determinants Of Firm Survivalmentioning

confidence: 99%

The Determinants of Survival of Spanish Manufacturing Firms

2004

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This paper analyses the factors determining Spanish manufacturing firms’ survival–and exit. The data are drawn from the survey Encuesta sobre Estrategias Empresariales for the period 1990–1999. The methodology includes both non-parametric techniques and the estimation of a Cox proportional hazards model (CPHM). Our results suggest that the probability of exit is higher for small firms and also for young and mature firms. Furthermore, exporting firms and firms performing R&D activities enjoy better survival prospects. Copyright Kluwer Academic Publishers 2004Exit, survival analysis,

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“…Audit opinion was measured as a dummy variable with a value of 1 if a qualified opinion was issued in the year prior to an event.5 A variable for incumbent auditors' membership in the Big Eight, the eight largest U.S. auditing firms,6 was included to control for a trend toward use of Big Eight auditors (Eichenseher & Danos, 1981;McConnell, 1984). Prior research has shown systematic differences in the duration of auditorclient relationships (Fichman & Levinthal, 1991a,b) depending on type of audit firm, with client relations with Big Eight firms being longer-lived. We included this distinction to control for the higher probability of switching if a current auditor was not a Big Eight firm.…”

Section: Control Variablesmentioning

confidence: 99%

Role of Individual Attachments in the Dissolution of Interorganizational Relationships.

Seabright¹,

Levinthal²,

Fichman³

1992

Academy of Management Journal

407

268

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JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.. Academy of Management is collaborating with JSTOR to digitize, preserve and extend access to The Academy of Management Journal.In this study, we propose that changes affecting the resource fit between organizations exchanging resources provide an impetus for the dissolution of their relationships, whereas the individual and structural attachments that develop between exchange partners over time counter those pressures for change. The empirical analysis examined the severance of auditor-client relationships using a case-control design. Change in clients' resource needs increased the likelihood of their switching auditors, but attachment of individuals primarily responsible for the exchange relationship decreased the likelihood of switching. Moreover, those attachments attenuated the effect of changes in clients' resource needs on the likelihood of switching auditors. The study suggests that ties between boundary spanners play a major role in the maintenance of interorganizational relationships.

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Honeymoons and the Liability of Adolescence: A New Perspective on Duration Dependence in Social and Organizational Relationships

Cited by 223 publications

References 0 publications

Predicting Founding Success and New Venture Survival: A Longitudinal Nascent Entrepreneurship Approach

Predicting Founding Success and New Venture Survival: A Longitudinal Nascent Entrepreneurship Approach

The Determinants of Survival of Spanish Manufacturing Firms

Role of Individual Attachments in the Dissolution of Interorganizational Relationships.

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