Venture survival in a transitional economy Article

Lyles, MA, Saxton, T, Watson, K. (2004). Venture survival in a transitional economy . 30(3), 351-375. 10.1016/

cited authors

  • Lyles, MA; Saxton, T; Watson, K

fiu authors


  • Many formerly controlled economies have undergone discontinuous transformations in their approach to markets, institutional environments, and the role of government in economic activity. We study the factors that affect venture survival in a transitional economy through a two-stage study of private ventures in Hungary. We find that ventures survive under uncertainty, even without significant government support. Industry experience, networking activities, and the strategic orientation of the firms predict survival. Contrary to our predictions, SOE experience, access to infrastructure, and differentiation strategies do not significantly differentiate survivors. © 2003 Elsevier Inc. All rights reserved.

publication date

  • June 1, 2004

Digital Object Identifier (DOI)

start page

  • 351

end page

  • 375


  • 30


  • 3