Survival causal patterns of social and commercial entrepreneurial initiatives in Spain
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.
Keyword : entrepreneurship, firm survival, social firms, commercial firms, causal patterns, fuzzyset Qualitative Comparative Analysis
How to Cite
Revuelto-Taboada, L., Redondo-Cano, A., & Balbastre-Benavent, F. (2021). Survival causal patterns of social and commercial entrepreneurial initiatives in Spain. Journal of Business Economics and Management, 22(4), 1047-1064. https://doi.org/10.3846/jbem.2021.14886
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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Martínez-Rodriguez, I., Callejas-Albiñana, F. E., & Callejas-Albiñana, A. I. (2020). Economic and sociocultural drivers of necessity and opportunity entrepreneurship depending on the business cycle phase. Journal of Business Economics and Management, 21(2), 373–394. https://doi.org/10.3846/jbem.2020.11848
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Carlsson, B., Braunerhjelm, P., McKelvey, M., Olofsson, Ch., Persson, L., & Ylinenpää, H. (2013). The evolving domain of entrepreneurship research. Small Business Economics, 41(4), 913–930. https://doi.org/10.1007/s11187-013-9503-y
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Denny, S. (2014). Who lives the longest? Busting the social venture survival myth. E3M. http://socialbusinessint.com/wp-content/uploads/Who-lives-the-longest_-FINAL-version2.pdf
Di Domenico, M., Haugh, H., & Tracey, P. (2010). Social bricolage: Theorizing social value creation in social enterprises. Entrepreneurship Theory and Practice, 34(4), 681–703. https://doi.org/10.1111/j.1540-6520.2010.00370.x
Dimov, D. (2017). Towards a qualitative understanding of human capital in entrepreneurship research. International Journal of Entrepreneurial Behaviour and Research, 23(2), 210–227. https://doi.org/10.1108/IJEBR-01-2016-0016
El Harbi, S., & Anderson, A. R. (2010). Institutions and the shaping of different forms of entrepreneurship. The Journal of Socio-Economics, 39(3), 436–444. https://doi.org/10.1016/j.socec.2010.02.011
Eliakis, S., Kotsopoulos, D., Karagiannaki, A., & Pramatari, K. (2020). Survival and growth in innovative technology entrepreneurship: A mixed-methods investigation. Administrative Sciences, 10(3), 39. https://doi.org/10.3390/admsci10030039
Fernandes-Crespo, N. (2017). Cross-cultural differences in the entrepreneurial activity of men and women: A fuzzy-set approach. Gender in Management: An International Journal, 32(4), 281–299. https://doi.org/10.1108/GM-03-2016-0072
Feurer, S., Baumbach, E., & Woodside, A. G. (2016). Applying configurational theory to build a typology of ethnocentric consumers. International Marketing Review, 33(3), 351–375. https://doi.org/10.1108/IMR-03-2014-0075
Fiss, P. C. (2007). A set-theoretic approach to organizational configurations. The Academy of Management Review, 32(2), 1180–1198. https://doi.org/10.5465/amr.2007.26586092
Fiss, P. C. (2011). Building better causal theories: A fuzzy set approach to typologies in organization research. Academy of Management Journal, 54(2), 393–420. https://doi.org/10.5465/amj.2011.60263120
Fournier, A. N. (2011). Emprendimiento Social. Documentos de investigación. Administración de Empresas, No 6, 1–46. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2016601
Franco, M., & Haase, H. (2010). Failure factors in small and medium-sized enterprises: Qualitative study from an attributional perspective. International Entrepreneurship and Management Journal, 6(4), 503–521. https://doi.org/10.1007/s11365-009-0124-5
Garud, R., & Karnoe, P. (2003). Bricolage versus breakthrough: Distributed and embedded agency in technology entrepreneurship. Research Policy, 32(2), 277–300. https://doi.org/10.1016/S0048-7333(02)00100-2
Gimmon, E., & Spiro, S. (2013). Social and commercial ventures: A comparative analysis of sustainability. Journal of Social Entrepreneurship, 4(2), 182–197. https://doi.org/10.1080/19420676.2013.777359
Grant, A. M. (2008). Does intrinsic motivation fuel the prosocial fire? Motivational synergy in predicting persistence, performance and productivity. Journal of Applied Psychology, 93(1), 48–58. https://doi.org/10.1037/0021-9010.93.1.48
Guzmán, A., & Trujillo, M. A. (2008). Emprendimiento social. Revisión de literatura. Estudios Gerenciales, 24(109), 105–125. https://doi.org/10.1016/S0123-5923(08)70055-X
Haber, S., & Reichel, A. (2005). Identifying performance measures of small ventures – the case of the tourism industry. Journal of Small Business Management, 43(3), 257–286. https://doi.org/10.1111/j.1540-627X.2005.00137.x
Headd, B. (2003). Redefining business success: Distinguishing between closure and failure. Small Business Economics, 21(1), 51–61. https://doi.org/10.1023/A:1024433630958
Ho, Y., & Wong, P. (2007). Financing, regulatory costs and entrepreneurial propensity. Small Business Economics, 28(2), 187–204. https://doi.org/10.1007/s11187-006-9015-0
Kelley, D., Bosma, N., & Amorós, J. E. (2010). Global entrepreneurship monitor. Retrieved May 20, 2013, from http://www.gemconsortium.org/docs/download/266
Kerr, W., & Nanda, R. (2011). Financing constraints and Entrepreneurship. In D. Audretsch, O. Falck, S. Heblich, & A. Lederer (Eds.), Handbook on research on Innovation and Entrepreneurship (pp. 88– 103). Edward Elgar Publishing.
Korunka, C., Kessler, A., Frank, H., & Lueger, M. (2010). Personal characteristics, resources, and environment as predictors of business survival. Journal of Occupational and Organizational Psychology, 83(4), 1021–1051. https://doi.org/10.1348/096317909X485135
Kraus, S., Ribeiro-Soriano, D., & Schüssler, M. (2018). Fuzzy-set qualitative comparative analysis (fsQCA) in entrepreneurship and innovation research – the rise of a method. International Entrepreneurship and Management Journal, 14(1), 15–33. https://doi.org/10.1007/s11365-017-0461-8
Kuckertz, A., Berger, E., & Allmendinger, M. (2015). What drives entrepreneurship? A configurational analysis of the determinants of entrepreneurship in innovation-driven economies. Die Betriebswirtschaft, 75(4), 273–288. https://ssrn.com/abstract=2554944
Kurczewska, A., & Mackiewicz, M. (2020). Are jacks-of-all-trades successful entrepreneurs? Revisiting Lazear’s theory of entrepreneurship. Baltic Journal of Management, 15(3), 411–430. https://doi.org/10.1108/BJM-07-2019-0274
Martínez-Rodriguez, I., Callejas-Albiñana, F. E., & Callejas-Albiñana, A. I. (2020). Economic and sociocultural drivers of necessity and opportunity entrepreneurship depending on the business cycle phase. Journal of Business Economics and Management, 21(2), 373–394. https://doi.org/10.3846/jbem.2020.11848
Mas-Verdú, F., Ribeiro-Soriano, D., & Roig-Tierno, N. (2015). Firm survival: The role of incubators and business characteristics. Journal of Business Research, 68(4), 793–796. https://doi.org/10.1016/j.jbusres.2014.11.030
Millan, J. M., Congregado, E., & Román, C. (2012). Determinants of self-employment survival in Europe. Small Business Economics, 38(2), 231–258. https://doi.org/10.1007/s11187-010-9260-0
Nicolás, C., & Rubio, A. M. (2012). El emprendimiento social: una comparativa entre España y países sudamericanos. FAEDYPE International Review, 1(1), 38–49. http://www.viiaccountingworkshop.upct.es/index.php/revista1/article/viewFile/13/4
Nyström, K. (2020). Entrepreneurship after displacement. Small Business Economics, 54(2), 475–494. https://doi.org/10.1007/s11187-018-0045-1
Penner, L. A., Dovidio, J. F., Piliavin, J. A., & Schroeder, D. A. (2005). Prosocial behavior: Multilevel perspectives. Annual Review of Psychology, 56(14), 1–28. https://doi.org/10.1146/annurev.psych.56.091103.070141
Ragin, C. C. (2008a). Measurement versus calibration: A set-theoretic approach. In J. J. Box-Steffensmeier, H. Brady, & D. Collier (Eds.), The Oxford handbook of political methodology (pp. 174–198). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199286546.003.0008
Ragin, C. C. (2008b). Redesigning social inquiry: Fuzzy sets and beyond. Chicago University Press. https://doi.org/10.7208/chicago/9780226702797.001.0001
Ragin, C. C., & Davey, S. (2014). Fuzzy-set/qualitative comparative analysis 2.5. Department of Sociology, University of California.
Ragin, C. C., & Fiss, P. C. (2008). Net effects versus configurations: An empirical demonstration. In C. C. Ragin (Ed.), Redesigning social inquiry: Fuzzy sets and beyond (pp. 190–212). University of Chicago Press. https://press.uchicago.edu/ucp/books/book/chicago/R/bo5973952.html
Raine, A. L., & Pandya, M. (2019). Three keys to entrepreneurial success: Curiosity, creativity, and commitment. Entrepreneurship Education, 2(3–4), 189–198. https://doi.org/10.1007/s41959-019-00019-y
Revuelto-Taboada, L., & Simón-Moya, V. (2015). Influence of human and physical capital on the survival of new ventures. Perspectiva Empresarial, 2(1), 45–59. https://doi.org/10.16967%2Frpe.v2n1a3
Ribeiro-Soriano, D., & Castrogiovanni, G. (2012). The impact of CEO education, experience, and inner circle advisors on SME performance: Insights from a study in public development centers. Small Business Economics, 38(3), 333–349. https://doi.org/10.1007/s11187-010-9278-3
Rico-Belda, P., & Cabrer-Borrás, B. (2018). Necessity and opportunity entrepreneurs: Survival factors. International Entrepreneurship and Management Journal, 14(2), 249–264. https://doi.org/10.1007/s11365-018-0504-9
Roberts, P. W., Negro, G., & Swaminathan, A. (2013). Balancing the skills sets of founders: Implications for the quality of organizational outputs. Strategic Organization, 11(1), 35–55. https://doi.org/10.1177/1476127012460944
Salder, J., & Bryson, J. R. (2019). Placing entrepreneurship and firming small town economies: Manufacturing firms, adaptive embeddedness, survival and linked enterprise structures. Entrepreneurship & Regional Development, 31(9–10), 806–825. https://doi.org/10.1080/08985626.2019.1600238
Schneider, M. R., Schulze-Bentrop, C., & Paunescu, M. (2010). Mapping the institutional capital of high-tech firms: A fuzzy-set analysis of capitalist variety and export performance. Journal of International Business Studies, 41(2), 246–266. https://doi.org/10.1057/jibs.2009.36
Schutjens, V. A. J. M., & Wever, E. (2000). Determinants of new firm success. Papers in Regional Science, 79(2), 135–159. https://doi.org/10.1111/j.1435-5597.2000.tb00765.x
Senyard, J., Baker, T., Steffens, P., & Davidsson, P. (2014). Bricolage as a path to innovativeness for resource-constrained new firms. Journal of Product Innovation Management, 31(2), 211–230. https://doi.org/10.1111/jpim.12091
Simón-Moya, V., & Revuelto-Taboada, L. (2016). Revising the predictive capability of business plan quality for new firm survival using qualitative comparative analysis. Journal of Business Research, 69(4), 1351–1356. https://doi.org/10.1016/j.jbusres.2015.10.106
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