What Can Drive Successful Entrepreneurial Firms? An Analysis of the Inc. 500 Companies

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Esra Memili, Associate Professor of Entrepreneurship (Creator)
Dianne H.B. Welsh, Distinguished Professor of Entrepreneurship (Creator)
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: Entrepreneurship scholars tend to discuss the merits of using innovation over imitation for the creation of new ventures. We take a step forward to focus our attention on the drivers of successful entrepreneurial firms and use Inc. 500 companies to test our framework. Findings indicate that the extent of innovation positively influences long-term sales growth and the relationship is positively moderated by prior experience and negatively moderated by family involvement. Research and practical implications are discussed.

Additional Information

Journal of Small Business Strategy, 22(2): 27-49
Language: English
Date: 2013
Innovation, Entrepreneurial Success, Imitation, Firm Growth

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