Assessing the relationship between human capital and firm performance: Evidence from technology-based new ventures

Rod Shrader, Donald S. Siegel

Research output: Contribution to journalArticle

142 Scopus citations

Abstract

We assess the role of human capital in the growth and development of new technology-based ventures, based on longitudinal data from 198 high-tech ventures. Our empirical results imply that there is a strong relationship between team experience and strategy. Although there is a weak direct link between team experience and venture performance, the findings strongly suggest that the fit between strategy and team experience is a key determinant of the long-term performance of high-tech entrepreneurial ventures. For small, technology-based new ventures, the team's technological experience appears to be the most important determinant of the success of a differentiation strategy.

Original languageEnglish (US)
Pages (from-to)893-908
Number of pages16
JournalEntrepreneurship: Theory and Practice
Volume31
Issue number6
DOIs
StatePublished - Nov 1 2007
Externally publishedYes

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

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