Firm size expectations of nascent entrepreneurs

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Firm size expectations of nascent entrepreneurs

Edward Elgar Publishing
  • Entrepreneurship
  • Expectations
  • Entrepreneurs
  • 150307 Innovation And Technology Management
  • 150314 Small Business Management
  • Nascent Entrepreneurs
  • Firm Size Expectations
  • Growth Of Firms


This is the author’s version of a work that was submitted/accepted for pub- lication in the following source: Steffens, Paul R. (2008) Operationalising the resource based view for nascent and young firms : development of a scale for resource advan- tage and disadvantages. In Gillin, L (Ed.) The 5th AGSE International Entrepreneurship Research Exchange,, 5 – 8 February 2008, Melbourne, Australia. This file was downloaded from: Notice: Changes introduced as a result of publishing processes such as copy-editing and formatting may not be reflected in this document. For a definitive version of this work, please refer to the published source: Operationalising the resource based view for nascent and young firms : development of a scale for resource advantage and disadvantages. Paul Steffens, BGSB, Queensland University of Technology, Australia Abstract It is well known that most new ventures suffer from a significant lack of resources, which increases the chances of failure (Shepherd, Douglas and Shanley, 2000) and makes it difficult to attract stakeholders and financing for the venture (Bhide & Stevenson, 1999). The Resource-Based View (RBV) (Barney, 1991; Wernerfelt, 1984) is a dominant theoretical base increasingly drawn on within Strategic Management. While theoretical contributions appling RBV in the domain of entrepreneurship can arguably be traced back to Penrose (1959), there has recently been renewed attention recently (e.g. Alvarez & Busenitz, 2001; Alvarez & Barney, 2004). This said, empirical work is in its infancy. The purpose of this study is to develop a measurement scale that can serve to assist such empirical investigations. Current empirical measures are lacking in three ways for the application of RBV to the entrepreneurship arena. First, measures for resource characteristics and configurations associated with typical competitive advantages found in entrepreneurial firms need to be developed. These include such

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