Financial management competence and growth of new technology-based firms

Jan Brinckmann, Hans Georg Gemünden, Soeren Salomo

Producció científica: Article en revista indexadaArticleAvaluat per experts

Resum

This article draws on the resource-based view to analyze the role founding teams' financial management competencies play for firm growth. Prior research stressed the importance of acquiring external financial resources. In this study, we broaden the understanding of financial management in new firms. We explore the relevance of strategic financial planning competence, external financing competence, competence in financing from cash flow, and controlling competence of entrepreneurial teams for the growth of new technology-based firms. A total of 212 founding teams provided self-assessments of their financial management competencies at start-up. We apply the partial least squares approach to determine the effects of the different financial management competencies on firm growth.
Idioma originalAnglès
Pàgines (de-a)217-243
RevistaEntrepreneurship: Theory and Practice
Volum35
Estat de la publicacióPublicada - 1 de març 2011

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