Research publications

Title

Factors critical in overcoming the liability of newness: Highlighting the role of family

Date of this Version

2009

Document Type

Journal Article

Publication Details

Citation only.

Dibrell, C., Craig, J. B., Moores, K., Johnson, A. J., & David, P. S. (2009). Factors critical in overcoming the liability of newness: Highlighting the role of family. The journal of private equity, 12(2), 38-48.

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2009 HERDC submission. FoR code: 1503

© Copyright 2010 Institutional Investor. All Rights Reserved.

Abstract

With a focus on the role of family, we explore factors critical in enabling start-up ventures to attain legitimacy and overcome the liability of newness. Drawing from multiple interviews with leaders of seven start-up ventures, we investigate the function of a variety of factors [e.g., family, distributors, financial supporters, etc.] deemed critical in attaining venture legitimacy. To validate our findings, we conducted additional interviews with three established family ventures. Our discussion highlights the role of family as a legitimizing strategy and provides an increased awareness of how internal and external resources are leveraged by the start-up to gain legitimacy.

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This document has been peer reviewed.