Thesis
ORGANIZATIONAL RESOURCES, INDUSTRY MEMBERSHIP, AND FIRM PERFORMANCE: THE ROLE OF CAPABILITY FORMATION AND USE IN VALUE CREATION FOR IPO-STAGE NEW VENTURES
A Dissertation by TIMOTHY R. HOLCOMB
Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY
August 2007
Major Subject: Management
ORGANIZATIONAL RESOURCES, INDUSTRY MEMBERSHIP, AND FIRM PERFORMANCE: THE ROLE OF CAPABILITY FORMATION AND USE IN VALUE CREATION FOR IPO-STAGE NEW VENTURES
A Dissertation by TIMOTHY R. HOLCOMB
Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY
Approved by: Co-Chairs of Committee, Committee Members, Head of Department, Michael A. Hitt R. Duane Ireland S. Trevis Certo Dudley L. Poston, Jr. R. Duane Ireland
August 2007
Major Subject: Management
iii
ABSTRACT
Organizational Resources, Industry Membership, and Firm Performance: The Role of Capability Formation and Use in Value Creation for IPO-Stage New Ventures. (August 2007) Timothy R. Holcomb, B.B.A., University of Louisiana at Monroe; M.B.A., University of Louisiana at Monroe Co-Chairs of Advisory Committee: Dr. Michael A. Hitt Dr. R. Duane Ireland
A widely held belief is that resource constraints and industry conditions pose severe threats to the performance of entrepreneurial firms. While previous research links resources controlled by these firms to different performance outcomes, extant research on organizational performance often assumes away contextual differences in the allocation of scarce resources by firms to develop and leverage different organizational capabilities. Further, no research has explored the performance implications of resource use, especially for new ventures. The purpose of this study is to bring capabilities to the foreground in the examination of organizational performance for new ventures following an
A Dissertation by TIMOTHY R. HOLCOMB
Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY
August 2007
Major Subject: Management
ORGANIZATIONAL RESOURCES, INDUSTRY MEMBERSHIP, AND FIRM PERFORMANCE: THE ROLE OF CAPABILITY FORMATION AND USE IN VALUE CREATION FOR IPO-STAGE NEW VENTURES
A Dissertation by TIMOTHY R. HOLCOMB
Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY
Approved by: Co-Chairs of Committee, Committee Members, Head of Department, Michael A. Hitt R. Duane Ireland S. Trevis Certo Dudley L. Poston, Jr. R. Duane Ireland
August 2007
Major Subject: Management
iii
ABSTRACT
Organizational Resources, Industry Membership, and Firm Performance: The Role of Capability Formation and Use in Value Creation for IPO-Stage New Ventures. (August 2007) Timothy R. Holcomb, B.B.A., University of Louisiana at Monroe; M.B.A., University of Louisiana at Monroe Co-Chairs of Advisory Committee: Dr. Michael A. Hitt Dr. R. Duane Ireland
A widely held belief is that resource constraints and industry conditions pose severe threats to the performance of entrepreneurial firms. While previous research links resources controlled by these firms to different performance outcomes, extant research on organizational performance often assumes away contextual differences in the allocation of scarce resources by firms to develop and leverage different organizational capabilities. Further, no research has explored the performance implications of resource use, especially for new ventures. The purpose of this study is to bring capabilities to the foreground in the examination of organizational performance for new ventures following an