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Choi, Young Rok
Entrepreneurship & Innovation Strategy Lab
Research Interests
  • Entrepreneurship, Innovation Strategy, Family & Small Business, Strategic Alliances

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Stakeholder Perceptions of Age and Other Dimensions of Newness

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Title
Stakeholder Perceptions of Age and Other Dimensions of Newness
Author
Choi, Young RokShepherd, Dean A.
Keywords
Asset of newness; Entrepreneurship; Liability of newness; Stakeholder theory
Issue Date
2005-08
Publisher
SAGE PUBLICATIONS INC
Citation
JOURNAL OF MANAGEMENT, v.31, no.4, pp.573 - 596
Abstract
Using verbal protocol and conjoint analyses, this study examines how stakeholders assess an organization in deciding whether to provide their support to it. The authors find that stakeholders’ support depends on their perceptions of an organization’s age and other dimensions of newness related to addressing management challenges of adaptation—the entrepreneurial problem, the engineering problem, and the administrative problem. Stakeholder support is more likely for those organizations that are old, cognitively legitimate, affectively congruent, reliable, accountable, and strategically flexible. The authors conclude with theoretical implications for scholars and practical implications for resource acquisition in various contexts of entrepreneurship.
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DOI
10.1177/0149206304272294
ISSN
0149-2063
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SBA_Journal Papers
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