THE SECRETS OF UNICORN COMPANIES: AN EMPIRICAL INVESTIGATION
Starting a new business is a challenging task, and many factors can affect the success or failure of the venture. One such factor is the field of activity in which the business operates. Some industries are more competitive than others, and some have more significant barriers to entry. This artic...
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| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
| Published: |
University of Oradea
2023-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2024/02/AUOES.July_.202315.pdf |
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| Summary: | Starting a new business is a challenging task, and many factors can affect the
success or failure of the venture. One such factor is the field of activity in which the business
operates. Some industries are more competitive than others, and some have more significant
barriers to entry. This article aims to explore the influence of the field of activity on the
survival and growth of new businesses. The startup ecosystem has been on the rise in recent
years, with the emergence of several unicorns, or startups valued at over $1 billion. This
has led to increased interest in entrepreneurship and the potential for significant financial
returns. However, the reality is that most startups do not become unicorns, and many do
not survive beyond a few years. The field of activity in which a startup operates can
significantly influence its survival and growth prospects. Several studies have explored the
influence of the field of activity on the survival and growth of new businesses. These studies
have found that factors such as competition, regulatory compliance, access to financing,
and availability of talent can significantly influence a startup's chances of survival and
growth. For example, industries with high levels of competition and technological intensity
have been found to have lower rates of new firm survival and growth (Carrie, et al., 2002).
This study investigates a possible correlation between several statistical dimensions of
unicorn start-up companies in the world. For this purpose, we will use descriptive as well
as inferential statistical methods such as presenting the main parameters of the numerical
variables, some graphical representations; we will also employ a nonparametric
correlation analysis. We consider that there is a possible correlation between the date the
companies were set up, their field of activity, country of origin and their valuation
respectively. Our study confirmed four research hypotheses, as follows: there is a
correlation between the date the unicorn start-up companies were set up and their
valuation, their valuation and their field of activity, the field of activity is in statistical
association with the companies country of origin and the field of activity is influenced by
the date the companies were set up. We will conclude by discussing the implications of these
findings for entrepreneurs, policymakers, and investors, and provide recommendations for
improving the survival and growth prospects of new businesses. |
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| ISSN: | 1222-569X 1582-5450 |