Are ‘sea turtles’ slower? Returnee entrepreneurs, venture resources, and speed of entrepreneurial entry

Fei Qin, Mike Wright, J. Gao

Research output: Contribution to journalArticle

21 Citations (Scopus)

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 investigate how returnee entrepreneurs influence the role of venture resources in the speed of entrepreneurial entry. Using a novel 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.

Original languageEnglish
Pages (from-to)694-706
Number of pages13
JournalJournal of Business Venturing
Volume32
Issue number6
Early online date14 Sep 2017
DOIs
Publication statusPublished - 1 Nov 2017

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