New Venture Investing Trajectories - A Large Scale Longitudinal Study

Publikation: Arbeits- oder Diskussionspapiere und BerichteArbeits- oder Diskussionspapiere

Standard

New Venture Investing Trajectories - A Large Scale Longitudinal Study. / Schulte, Reinhard.
Lüneburg: Universität Lüneburg, 2018. (LÜNEBURGER BEITRÄGE ZUR GRÜNDUNGSFORSCHUNG; Nr. 13).

Publikation: Arbeits- oder Diskussionspapiere und BerichteArbeits- oder Diskussionspapiere

Harvard

Schulte, R 2018 'New Venture Investing Trajectories - A Large Scale Longitudinal Study' LÜNEBURGER BEITRÄGE ZUR GRÜNDUNGSFORSCHUNG, Nr. 13, Universität Lüneburg, Lüneburg. https://doi.org/10.2139/ssrn.3458905

APA

Schulte, R. (2018). New Venture Investing Trajectories - A Large Scale Longitudinal Study. (LÜNEBURGER BEITRÄGE ZUR GRÜNDUNGSFORSCHUNG; Nr. 13). Universität Lüneburg. https://doi.org/10.2139/ssrn.3458905

Vancouver

Schulte R. New Venture Investing Trajectories - A Large Scale Longitudinal Study. Lüneburg: Universität Lüneburg. 2018 Dez 1. (LÜNEBURGER BEITRÄGE ZUR GRÜNDUNGSFORSCHUNG; 13). doi: 10.2139/ssrn.3458905

Bibtex

@techreport{1efa7abf37bc4351894efeef0b726fc2,
title = "New Venture Investing Trajectories - A Large Scale Longitudinal Study",
abstract = "Investment trajectories of new enterprises are a largely neglected but important issue of new firms{\textquoteright} business behavior. This paper debuts in showing robust evidence of new venture investment time patterns by using investment time series of 4.733 new businesses. Based on a fixed effects nonlinear panel regression approach, the study models the trajectory of new venture asset acquisition in the first years after market entry. The results unveil durations and levels of investment patterns. Showing a first investment peak at market entry and a second peak years later, an initial new venture investment cycle is bimodal. Its peak-to-peak duration yields approximately nine years on average. New venture investment can be staggered into three stages, namely an initial, a plateau, and a replacement and expansion stage.",
keywords = "Entrepreneurship, new ventures, start-up, investment pattern, investment trajectory, fixed effects model, panel data, Management studies",
author = "Reinhard Schulte",
note = "DOI 10.2139/ssrn.3458905",
year = "2018",
month = dec,
day = "1",
doi = "10.2139/ssrn.3458905",
language = "English",
series = "L{\"U}NEBURGER BEITR{\"A}GE ZUR GR{\"U}NDUNGSFORSCHUNG",
publisher = "Universit{\"a}t L{\"u}neburg",
number = "13",
type = "WorkingPaper",
institution = "Universit{\"a}t L{\"u}neburg",

}

RIS

TY - UNPB

T1 - New Venture Investing Trajectories - A Large Scale Longitudinal Study

AU - Schulte, Reinhard

N1 - DOI 10.2139/ssrn.3458905

PY - 2018/12/1

Y1 - 2018/12/1

N2 - Investment trajectories of new enterprises are a largely neglected but important issue of new firms’ business behavior. This paper debuts in showing robust evidence of new venture investment time patterns by using investment time series of 4.733 new businesses. Based on a fixed effects nonlinear panel regression approach, the study models the trajectory of new venture asset acquisition in the first years after market entry. The results unveil durations and levels of investment patterns. Showing a first investment peak at market entry and a second peak years later, an initial new venture investment cycle is bimodal. Its peak-to-peak duration yields approximately nine years on average. New venture investment can be staggered into three stages, namely an initial, a plateau, and a replacement and expansion stage.

AB - Investment trajectories of new enterprises are a largely neglected but important issue of new firms’ business behavior. This paper debuts in showing robust evidence of new venture investment time patterns by using investment time series of 4.733 new businesses. Based on a fixed effects nonlinear panel regression approach, the study models the trajectory of new venture asset acquisition in the first years after market entry. The results unveil durations and levels of investment patterns. Showing a first investment peak at market entry and a second peak years later, an initial new venture investment cycle is bimodal. Its peak-to-peak duration yields approximately nine years on average. New venture investment can be staggered into three stages, namely an initial, a plateau, and a replacement and expansion stage.

KW - Entrepreneurship

KW - new ventures

KW - start-up

KW - investment pattern

KW - investment trajectory

KW - fixed effects model

KW - panel data

KW - Management studies

UR - https://www.mendeley.com/catalogue/d933f46e-ac24-323a-add9-0ed913552b0e/

U2 - 10.2139/ssrn.3458905

DO - 10.2139/ssrn.3458905

M3 - Working papers

T3 - LÜNEBURGER BEITRÄGE ZUR GRÜNDUNGSFORSCHUNG

BT - New Venture Investing Trajectories - A Large Scale Longitudinal Study

PB - Universität Lüneburg

CY - Lüneburg

ER -

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