The survival of business takeovers and new venture start-ups

Guoqian Xi, Jörn Block*, Frank Lasch, Frank Robert, Roy Thurik

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

5 Citations (Scopus)


Business takeovers and new venture start-ups are two important and distinct entry modes of entrepreneurship. They differ from resource-based and organizational ecology perspectives. We compare firm survival patterns and determinants associated with the two entry modes. From two large French datasets, we find that business takeovers have a higher survival rate than new venture start-ups. However, these differences in survival probability reduce over the entrepreneurship life cycle and when controlling for different entrepreneur and firm characteristics. Moreover, we identify differences in determinants of survival for the two groups, highlighting a distinction between the two entrepreneurship entry modes. This work contributes to the literature on the relationship between entrepreneurship entry and firm survival, thereby contributing to both entrepreneurship and firm survival research.

Original languageEnglish
Pages (from-to)797-826
Number of pages30
JournalIndustrial and Corporate Change
Issue number3
Publication statusPublished - 2020

Bibliographical note

Funding Information:
Montpellier Business School (MBS) is a founding member of the public research center Montpellier Research in Management (MRM, Equipe d’Accueil EA4557, University of Montpellier). F.L., F.R., and R.T. are members of the Laboratory of Excellence Entrepreneurship (Labex Entreprendre, University of Montpellier, France), funded by the French government agency Agence Nationale de la Recherche (ANR-10-Labex-11-01). G.X. received a scholarship from the China Scholarship Council.

Publisher Copyright:
© The Author(s) 2020.


Dive into the research topics of 'The survival of business takeovers and new venture start-ups'. Together they form a unique fingerprint.

Cite this