Growth paths and survival chances: an application of Gambler's Ruin theory
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In this paper, the authors argue that new firm performance is best modelled as a random walk process, but that survival is nonrandom and depends primarily on the stock of accumulated resources.About:
This article is published in Journal of Business Venturing.The article was published on 2013-09-01 and is currently open access. It has received 227 citations till now. The article focuses on the topics: Gambler's ruin.read more
Citations
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Should I stay or should I go? Founder’s decision to leave an entrepreneurial venture during an industrial crisis
Stefano Colombo,Luca Grilli +1 more
TL;DR: In this paper, the authors investigate if skilled entrepreneurs may decide to leave the firm they founded, whereas founders who are less endowed with human capital may continue their activity while experiencing an intensely negative industry-specific shock.
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COVID-19 Pandemic and Business Survival as Mediation on the Performance of Firms in the FMCG-Sector
Bimbo Onaolapo Adejare,Gbemi Oladipo Olaore,Ekpenyong Ekpenyong Udofia,Oluwaseun Ademola Adenigba +3 more
TL;DR: In this paper , a cross-sectional survey design was adopted making use of stratified and simple random sampling technique as a guide to select participants while data analysis was subjected to exploratory factor analysis (EFA), confirmatory Factor Analysis (CFA), and structural equation model (SEM) to examine the extent of the effect that COVID-19 pandemic have had on the survival, performance of businesses and the gross domestic product (GDP) of Nigeria since its eruption and announcement in China.
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Deciding when to quit the gambler's ruin game with unknown probabilities
Filipo Studzinski Perotto,Imen Trabelsi,Stéphanie Combettes,Valérie Camps,Nicolas Verstaevel +4 more
TL;DR: In this paper, the authors introduced the decisional gambler's ruin game, where the player has the possibility to stop the game at any round keeping earnings, and the best a player can do is to maintain an estimate of p based on the observed outcomes, and use it to decide whether it is better to stay or quit.
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Influence of the socio-economic environment on the entrepreneurs behavior. Cases of cuba and ecuador
Reyner Pérez-Campdesuñer,Gelmar García-Vidal,Alexander Sánchez-Rodríguez,Rodobaldo Martínez-Vivar,Margarita De Miguel-Guzmán,Elizabeth Guilarte-Barinaga +5 more
TL;DR: In all contexts do entrepreneurs operate in the same way, nor are they motivated by t... as mentioned in this paper The authors of this paper consider the following contexts: 1) In all contexts, entrepreneurship is an important part of any economy today regardless of its level of development.
References
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Multivariate Data Analysis
TL;DR: In this paper, a six-step framework for organizing and discussing multivariate data analysis techniques with flowcharts for each is presented, focusing on the use of each technique, rather than its mathematical derivation.
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Dynamic capabilities and strategic management
TL;DR: The dynamic capabilities framework as mentioned in this paper analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change, and suggests that private wealth creation in regimes of rapid technology change depends in large measure on honing intemal technological, organizational, and managerial processes inside the firm.
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Multivariate data analysis
TL;DR: This chapter discusses Structural Equation Modeling: An Introduction, and SEM: Confirmatory Factor Analysis, and Testing A Structural Model, which shows how the model can be modified for different data types.
Book
The theory of the growth of the firm
TL;DR: In this article, the authors studied the role of large and small firms in a growing economy and found that large firms are more likely to acquire and merge smaller firms in order to increase their size.
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Clarifying the Entrepreneurial Orientation Construct and Linking It To Performance
G. T. Lumpkin,Gregory G. Dess +1 more
TL;DR: In this article, a contingency framework for investigating the relationship between entrepreneurial orientation and firm performance is proposed. But the authors focus on the business domain and do not consider the economic domain.
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