The Liability of Volatility and How it Changes Over Time Among New Ventures

Volume: 44, Issue: 5, Pages: 933 - 963
Published: Sep 9, 2019
Abstract
This article theorizes how short-term revenue volatility affects new venture viability and how such volatility develops over time. Tracking the bank accounts of 6,578 new ventures over a 10-year period, we find that, even after controlling for a range of other factors, short-term revenue volatility is a strong predictor of venture exit. Although short-term revenue volatility is associated with the depletion of buffer resources and financial...
Paper Details
Title
The Liability of Volatility and How it Changes Over Time Among New Ventures
Published Date
Sep 9, 2019
Volume
44
Issue
5
Pages
933 - 963
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