in Scotland. New measures of flexibility and turbulence are used to explain the performance of mature small firms. These … depend on our unique body of evidence from interviews with owner managers. Performance is measured using a Likert scale over … performance. This is done in two forms. The first involves generalised least squares estimation (with heteroskedastic adjustment …

performance once the venture has been started. Prior empirical research in this area could investigate this issue only indirectly …-up phase of business have quite a substantial negative influence on performance as measured by the survival probability of the …

effect of talent, enhance entrepreneurial performance? We distinguish between three different performance measures: survival … founders, we conclude that specific investments indeed affect the three performance measures substantially and significantly …