Essec\Faculty\Model\Contribution {#6196
  #_index: "academ_contributions"
  #_id: "5178"
  #_source: array:26 [
    "id" => "5178"
    "slug" => "too-much-of-a-good-thing-resources-effects-in-new-ventures"
    "yearMonth" => "2011-11"
    "year" => "2011"
    "title" => "Too Much of a Good Thing? Resources Effects in New Ventures"
    "description" => "CAVARRETTA, F. et FURR, N.R. (2011). Too Much of a Good Thing? Resources Effects in New Ventures. Dans: <i>Frontiers of Entrepreneurship Research</i>. Digital Knowledge at Babson, pp. 85-99."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "CAVARRETTA Fabrice"
        "bid" => "B00119673"
        "slug" => "cavarretta-fabrice"
      ]
      1 => array:1 [
        "name" => "FURR N. R."
      ]
    ]
    "ouvrage" => "Frontiers of Entrepreneurship Research"
    "keywords" => []
    "updatedAt" => "2021-04-19 17:57:25"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "85-99"
      "volume" => "31"
      "number" => "3"
    ]
    "type" => array:2 [
      "fr" => "Actes d'une conférence"
      "en" => "Conference Proceedings"
    ]
    "support_type" => array:2 [
      "fr" => "Editeur"
      "en" => "Publisher"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "Si les ressources sont fondamentales pour les organisations, implicitement on suppose a priori qu’elles ont a priori un effet favorable, et la question est rarement posée de savoir si l’abondance de ressources pourrait avoir un effet négatif sur une entreprise. Dans cette étude, nous utilisons une base de données longitudinale de 4928 nouvelles entreprises suivies pendant leurs quatre premières années pour explorer le potentiel d’effets contradictoires de deux ressources canoniques : le capital humain reflété par le nombre de fondateurs et le capital financier reflété par les capitaux propres. Paradoxalement, nous trouvons que ces ressources ont peu d’effet sur la performance moyenne, mais plutôt sur la variabilité de la performance. Cette variabilité implique alors une augmentation des évènements rares tels que la faillite, ou la levée de fonds. Cette nuance implique que l’abondance de ressources implique plus d’échec autant que plus de succès. En particulier, cela signale un effet de « malédiction des ressources »  que l’on n’aurait pas trouvé en analysant seulement les effets en moyenne, et suggère le besoin de réexaminer la manière de construire les théories pour mieux prendre comment de tels effets sur la variabilité peuvent impliquer les situations extrêmes."
      "en" => "While resources are fundamental to all organizational life, implicitly they are often assumed to have a positive effect on firm outcomes. Rarely is the question asked whether an abundance of resources can actually have negative effects on the firm. In this study, we leverage a panel dataset of 4928 new firms followed over their first 4 years to explore the potentially countervailing effects of two canonical resources at founding—human capital as reflected by number of founders and financial capital as reflected by founding equity—on new venture performance outcomes. Interestingly we find that these canonical resources actually have little effect on mean performance but instead have the effect of increasing performance variability. This variability in turn increases the incidence of performance outcomes of extreme nature such as failure or fund raising. This nuance suggests that resource abundance can in fact be a mixed blessing, sometimes positive and sometimes negative. In particular, it hints at a resource curse effect that would not have been deduced if only considering mean effects and suggests the need to reexamine our approach to theory building to more fully account for how variability can help predict extreme outcomes."
    ]
    "authors_fields" => array:2 [
      "fr" => "Management"
      "en" => "Management"
    ]
    "indexedAt" => "2024-04-20T06:21:47.000Z"
    "docTitle" => "Too Much of a Good Thing? Resources Effects in New Ventures"
    "docSurtitle" => "Actes d'une conférence"
    "authorNames" => "<a href="/cv/cavarretta-fabrice">CAVARRETTA Fabrice</a>, FURR N. R."
    "docDescription" => "<span class="document-property-authors">CAVARRETTA Fabrice, FURR N. R.</span><br><span class="document-property-authors_fields">Management</span> | <span class="document-property-year">2011</span>"
    "keywordList" => ""
    "docPreview" => "<b>Too Much of a Good Thing? Resources Effects in New Ventures</b><br><span>2011-11 | Actes d'une conférence </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Too Much of a Good Thing? Resources Effects in New Ventures</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.910406
  +"parent": null
}