Abstract
This research aims at analysing the influence of a holistic configuration of factors related to industry and the characteristics of the entrepreneur and the business, on the survival of social and commercial entrepreneurial initiatives in both, new and consolidated companies. The sample ranges from 2,851 to 2,109 firms, according to the period considered, and has been obtained from the reports of the projects submitted to the Assistance Programme to Young Entrepreneurs, promoted by the Valencian Institute of Youth. Other sources of information have been the Institute’s own reports and the Chambers of Commerce. A configurational analysis is performed using the Fuzzy-Set Qualitative Comparative Analysis. The results obtained show that there is no necessary condition by itself and that there are several sufficient solutions that explain a considerable percentage of survival cases. They also show how the solutions vary significantly and, consequently, the relevance of the different causal antecedents, when the company acquires greater maturity.
Highlights
New ventures play an important role in economic growth, job creation and innovation; but show great failures rate, especially in their first years of operation
9.9% of the firms can be considered with a social interest according to the Valencian Institute of Youth criteria. 57.9% can be considered opportunity entrepreneurship while 42.1% are necessity entrepreneurships. 61.9% of the firms have at least one entrepreneur with related training, 4.6% semi-related and the remaining 33.5% do not have any related training
Configuration 1 includes social entrepreneurship and a large staff to explain the survival of consolidated firms, the coverage value is very low. These results show differences between the causal patterns that explain new firms’ and consolidated firm’s survival
Summary
New ventures play an important role in economic growth, job creation and innovation; but show great failures rate, especially in their first years of operation. The analysis of business survival and the factors that may help to explain it have been, for decades, a relevant research line of management studies. Many authors consider survival as one of the key indicators to determine the success of a company (Brüderl & Schüssler, 1990; Haber & Reichel, 2005). The literature identifies three sets of variables that contribute to explain the survival of newly created companies: the characteristics of the entrepreneur; the characteristics of the. Org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Revuelto-Taboada et al Survival causal patterns of social and commercial entrepreneurial
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