As described by the resource-based view, resource accumulation is a key concern for new ventures. Although we know that getting the right resources is a critical issue to organizations, we know far less about how fledgling firms assemble these resources over time. The purpose of this study is to examine the dynamics of resource accumulation and their effect on performance and growth during new venture formation. In particular, I examine the constructs of financial capital, human capital, and performance, and will test relationships using a sample from the Kauffman Firm Survey (KFS) that provides the necessary data to test my longitudinal proposals. I predict that that the constructs of human capital and financial capital impact performance, and that performance later impacts these constructs. I use latent curve analysis to examine the growth and decline of resource classes, and also cross-lag analysis to see how performance affects the acquisition of subsequent resources. This work has potential implications for strategy and entrepreneurship scholars alike. The document is organized as follows: Chapter 1 will serve as the introduction of the work and describe my research question and intent. Chapter 2 will serve as a relevant literature review and gives detail to theoretical perspectives guiding the study at hand. Chapter 3 presents the methodology, including information about the sample and the statistical methods utilized. Chapter 4 explains the results of the testing of hypotheses. Finally, Chapter 5 gives conclusions, limitations, and provides direction for future research.
Doctor of Philosophy (Ph.D.)
College of Business Administration
Length of Campus-only Access
Doctoral Dissertation (Open Access)
Gresock, Amy, "Resource Accumulation Dynamics During The New Venture Formation Process" (2010). Electronic Theses and Dissertations. 4263.