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New Firms in Nanotechnology: Does Experience Improve the Entrepreneur’s Revenue Forecast Performance?

Busch, Daan (2019) New Firms in Nanotechnology: Does Experience Improve the Entrepreneur’s Revenue Forecast Performance?

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Abstract:This research is a survey study analyzing the influence of CEO’s industry and startup experience on the revenue forecast accuracy for venture capital backed nanotechnology firms. Other determinants like age, sex, and education are also taken into account. Literature already shows evidence that industry experience is associated with forecasting accuracy, especially in high-tech industries. But is this proof also applicable for venture capital backed startups? This research tries to analyze this. By using an unique dataset analysis is done to the influence of experience on the revenue forecast accuracy. Due to a low sample size and due to not meeting the requirements for multiple linear regression analysis, a Pearson chi-square and Fisher’s exact test is performed to find dependency between Industry experience, Startup experience, age and revenue forecast accuracy. The results don’t show significance for the variables industry experience and age, which means no dependency between the variables. However, the test gave a significant result for startup experience, which means there is dependency between startup experience and revenue forecast accuracy. Because of the low sample size, it is difficult to give fully valid conclusions, hence why future research could go further into this topic using bigger sample sizes and possible a different focus group.
Item Type:Essay (Bachelor)
Clients:
Golden Egg Check, Enschede, The Netherlands
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/78598
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