Growth paths and survival chances An application of Gambler's Ruin theory / Coad, Alex.
By: Coad, Alex
Material type:
ArticlePublisher: 2013Description: 615-632Subject(s): Start-Up Size | Gambler'S Ruin | Firm Growth Firm Survival | Growth Paths
In:
Journal of Business VenturingSummary: This paper links new firm survival with growth, with a focus on the patterns in firms' growth paths. We theorise a Gambler's Ruin framework by arguing 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. A firm's resources are either there when the business begins or are generated by successful periods -
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Ahmedabad (HO) | (Browse shelf) | Vol. 28, Issue. 5 | Available | 018653 |
This paper links new firm survival with growth, with a focus on the patterns in firms' growth paths. We theorise a Gambler's Ruin framework by arguing 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. A firm's resources are either there when the business begins or are generated by successful periods -
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