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5th Jun 2015 - 12:00 pm
Venue: Regiment Seminar Room 6
Speaker: A/Prof Markus Fitza, Texas A&M University
Title: Explaining performance differentials among venture-backed startup firms: How much does region matter
Abstract: We use a variance decomposition methodology to assess the degree to which regions can explain growth differentials among venture-backed startups. Drawing on evolutionary arguments we hypothesize and examine whether the estimated region effect varies as a function of the stage of business development and the maturity of the industry sector the startup operates in. Our findings indicate that region effects are a particularly important factor for venture-backed startups that are at the earliest stages of their development. Consistent with theoretical predictions we also find that the importance of region declines substantially as ventures develop. We find a similar pattern when comparing the importance of regions for startups that operate in nascent vis-à-vis mature industries. We offer implications for theory, practice, and policy.
Bio: Dr Markus Fitza's is an Assistant Professor at Texas A&M University. Originally from Germany, Markus holds a Ph.D. in Strategy and Entrepreneurship from the University of Colorado at Boulder, an MBA from the University of Oxford and a Master in Molecular Biology from the University of Texas at Austin. His research centers on origins of firm performance in uncertain and knowledge-rich environments. He especially explore two aspects in this environment 1) How ownership arrangements and uncertainty affect performance differences across firms and 2) How firms can manage stakeholder expectations about their performance. He explored these questions in a variety of contexts, such as venture capital investments, IPO underpricing, or in emerging economies such as China. Markus has multiple publications in Strategic Management Journal as well as Journal of International Business Studies.
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