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Item type:Publication, Organizational resources and survival of startups firms – a qualitative analysis in the Peruvian context(Emerald, 2020-10-28)Purpose The purpose of this paper is to use a combination of resource-based theory and dynamic capabilities theory to explore the phenomenon of startup survival in an emerging entrepreneurial ecosystem. Design/methodology/approach The study has a phenomenological research design, with an exploratory scope and qualitative approach. It uses in-depth interviews to identify the perceptions of ecosystem agents about the phenomenon of survival. Findings This paper argues that startup survival should be studied as a construct that is reflected by four conditions: break-even point, accelerated growth, cash stock and continuous operation. Furthermore, it is formed by the interaction of five mainly interacting resources: human capital, social capital, entrepreneurial capital, organizational capital and the incubation process. Originality/value The study offers a holistic model of survival that could be applicable to incipient entrepreneurial ecosystems such as the Peruvian one. This model presents survival as a reflexive-formative construct and not as a dichotomic variable (enterprise operating/enterprise closed) as has been commonly considered in the literature. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Startup growth in pandemic: Organizational resilience in an extreme crisis situation(Emerald Publishing, 2024-11-12)This study aims to examine the resilience of Peruvian startups during the COVID-19 pandemic using a framework proposed by Lengnick-Hall et al. (2011), in which resilience impacts organizational strengthening. The goal is to identify those characteristics that allowed certain startups to discover growth opportunities amid this crisis. Design/methodology/approach: This study analyzed human, social and entrepreneurial capital variables in Peruvian startups using data from a survey conducted in July 2020. Binary logistic regression was used to determine which organizational resources increased the probability of identifying growth opportunities during the pandemic. Findings: The findings suggest that human capabilities become secondary in extreme crises such as pandemics. Critical factors for startup resilience include commercial partnerships with established firms, founders’ capital investment, business maturity and adoption of advanced digital technologies. Originality/value: This research provides unique insights into startup resilience and growth in Peru during the COVID-19 crisis. The authors observed that business growth during this period was largely unpredictable, with less emphasis on human capabilities. The study highlights the importance of external factors in resilience, the role of collaboration between established firms, the integration of advanced digital technologies and the influence of founders’ investments and business maturity in navigating difficult times. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The Effects of Innovations on Peruvian Companies’ Sales: The Mediating Role of KIBS(Elsevier BV, 2023-10-09)Companies increasingly embrace open business-to-business innovation. In this context, knowledge-intensive business services (KIBS) play a crucial role as they can provide services and know-how to companies. As comparisons of digital innovation in Latin American companies are scarce, a more in-depth study is required of the role that KIBS plays in their digital innovation. This study therefore investigates the impact of KIBS and the implementation of innovations, including digital ones, on the sales of companies. Utilizing a Partial Least Squares Structural Equation Modelling (PLS-SEM), we scrutinize data from 959 companies in Peru. The findings reveal that internally implemented innovations do not have a statistically significant direct effect on sales. However, outsourcing KIBS emerges as a positive mediator in this relationship. Specifically, we find that companies that subcontract those services are more likely to implement innovations and to achieve a positive impact on their sales in the short-term. Despite the opportunities that digital innovation brings, its direct effect on companies’ sales still needs to be improved, especially for manufacturing companies. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Networking, experimentation, and financing as drivers of accelerated growth in Peruvian startups(Springer Nature, 2025-12-01)This study assesses the impact of networking capability, experimentation capability, and access to financing on the accelerated growth of startups. Design/methodology/approach A quota sample of 119 Peruvian startups was analyzed using binary logistic regression across five models, each comprising different combinations of the three predictor variables. Findings The results indicate that family and friendship networks, academic background, and private capital exceeding USD 15,000 are significant predictors of growth. In contrast, professional networks and public funding programs show no statistically significant effect. Furthermore, experimentation capabilities—particularly those involving scientific knowledge and business model consolidation—are strongly associated with growth. Practical implications Managers should consider that a combination of access to funding, experimentation capability, and networking capability offers a better prediction of accelerated growth than any of these factors individually. In addition, policymakers should note that the amount of funding is crucial for the early-stage growth of startups. Originality/value This study contributes to the understanding of how dynamic capabilities drive the accelerated growth of startups in nascent ecosystems, such as the Peruvian context.2