Abstract
This paper proposes diversification not only as a later-stage growth decision for new ventures but also as a locus of entrepreneurial strategy—whereby new ventures pursue the creation and capture of value through combination of activities across industries. Studying “born-diversified firms,” ventures that enter multiple industries at their incorporation, I theorize how born-diversified firms’ prospects for persistence and propensity for industry switching are informed by their conformity to or deviation from incumbent firms’ diversification patterns. I find evidence for my theory in a sample of over 74,000 born-diversified private firms in the United Kingdom observed from incorporation in 2017 through mid-2023.
| Original language | English (US) |
|---|---|
| Journal | Academy of Management Annual Meeting Proceedings |
| Volume | 2024 |
| Issue number | 1 |
| DOIs | |
| State | Published - 2024 |
| Externally published | Yes |
| Event | 84th Annual Meeting of the Academy of Management, AOM 2024 - Chicago, United States Duration: Aug 9 2024 → Aug 13 2024 |
ASJC Scopus subject areas
- Management Information Systems
- Management of Technology and Innovation
- Industrial relations