Are ‘sea turtles’ slower? Returnee entrepreneurs, venture resources and speed of entrepreneurial entry
File(s)Are Sea Turtles Slower jbv final.docx (176.73 KB)
Accepted version
Author(s)
Qin, F
Wright, DM
Gao, J
Type
Journal Article
Abstract
We add to neglected research on how venture resources and founder experience outside the home country interplay in facilitating venture creation speed. In particular, we explore how returnee entrepreneurs influence the role of venture resources in the speed of entrepreneurial entry. Using a novel representative sample of 388 new ventures covering a range of technologies in China, we find that returnees from abroad are slower in new venture entry in the home country, compared with homegrown entrepreneurs. At the same time, ventures with innovative technology and backed by foreign capital are slower to set up due to higher levels of liability of newness and liability of foreignness. However, when these firms have a returnee founder who can leverage their experience with foreign resources and technological knowhow, such negative effects on entry speed are significantly mitigated. We discuss implications for further research and practice.
Date Issued
2017-09-14
Date Acceptance
2017-05-03
Citation
Journal of Business Venturing, 2017, 32 (6), pp.694-706
ISSN
1873-2003
Publisher
Elseiver
Start Page
694
End Page
706
Journal / Book Title
Journal of Business Venturing
Volume
32
Issue
6
Copyright Statement
© 2017, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Subjects
Social Sciences
Business
Business & Economics
Returnee entrepreneurs
Liability of foreignness
Entrepreneurial entry
Speed of entry
New venture creation
EMERGING ECONOMIES
KNOWLEDGE SPILLOVERS
TRANSITION ECONOMY
FIRM PERFORMANCE
TEAM COMPOSITION
CREATION SPEED
CHINA
EXPERIENCE
INNOVATION
GROWTH
1503 Business And Management
1505 Marketing
1502 Banking, Finance And Investment
Business & Management
Publication Status
Published