The purpose of this study is to identify the determinants of new venture performance from the view of integrated research framework. To set up research model, the previous researches on new venture performance have been examined thoroughly. We propos...
The purpose of this study is to identify the determinants of new venture performance from the view of integrated research framework. To set up research model, the previous researches on new venture performance have been examined thoroughly. We propose the integrated model with the independent variables of entrepreneur, organization/resources, industrial environment, strategy/foundation process and availability of supporting systems. The determinants of new venture performance are identified through the multiple regression analysis with the data gathered from 110 executives of venture companies. The results show that entrepreneur`s managerial ability and industry expertise, level of firm`s resource and technology, systematic foundation process, opportunities of industrial environments and availability of supporting systems affect positively performance of ventures, while, potential of business items affects negatively. Though this study has limitation of small sample, limited questionnaire and performance measure, it has contribution of identifying determinants of new venture performance with the integrated framework of study.