Date of this Version


Document Type

Discussion Paper

Publication Details

Dean A. Shepherd and Andrew Crouch (1996) On the Concept of New Venture

The authors gratefully acknowledge insights and advice offered by Alan Carsrud, Evan Douglas, James Chrisman.

School of Business Discussion Paper ; No. 61, Apr. 1996

© Copyright Dean A. Shepherd, Andrew Crouch and the School of Business, Bond University


The research defining question of whether a new venture is a theoretically distinct corporate form, or a special case to which conventional theory should be adapted, has not been adequately addressed. To this end a taxonomy of new ventures is offered to provide for improved clarity of research issues.

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