Abstract

Since the introduction of the fundamental concept of liability of newness by Stinchcombe (1965), a large body of literature in entrepreneurship research has shown that new venture survival highly depends on the ability to overcome internal as well as external hurdles (Aldrich, Ruef, 2006; Morse, Fowler, Lawrence, 2007; Wiklund, Baker, Sheperd, 2010). These are mainly related to a limited development of an internal organizational system, and to the lack of trust relationship, social capital, economic capital and legitimacy. In this paper, we examine if the payment of bribes helps firms to overcome the liability of newness in a corrupted environment.

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