In our paper ‘New venture survival: A review and extension’ in the International Journal of Management Reviews, we synthesized more than five decades of entrepreneurship, management and sociology research on the reasons why some new ventures survive and others fail. Based on our review and analysis, we provided an up-to-date systematization of the literature and a framework that includes important extensions to Stinchcombe's seminal work. Coad and Storey criticized our framework for basing venture outcome on skill—something that can be influenced by entrepreneurs and other stakeholders. In this paper, we argue that: (i) the distinction between survival and performance matters when thinking about the antecedents of these constructs; (ii) gambling is an incompatible analogy for entrepreneurship; and (iii) psychological processes cannot be ignored when studying new ventures’ survival. We also correct some points made by Coad and Storey about our findings. We encourage future studies on new venture survival to be cautious of adopting a view of venturing as a ‘game of chance’—which is, in our perspective, a potentially discouraging view for people pursuing entrepreneurship.

中文翻译：

---

技能与运气在新企业生存中的作用

在我们发表在《国际管理评论杂志》上的论文“新企业生存：回顾和扩展”中，我们综合了超过五年的创业、管理和社会学研究，探讨了一些新企业生存和其他企业失败的原因。根据我们的审查和分析，我们提供了最新的文献系统化和框架，其中包括对 Stinchcombe 开创性工作的重要扩展。Coad 和 Storey 批评了我们将风险成果建立在技能基础上的框架——这可能会受到企业家和其他利益相关者的影响。在本文中，我们认为：（i）在考虑这些结构的前因时，生存和绩效之间的区别很重要；(ii) 赌博与创业是不相容的类比；(iii) 在研究新企业的生存时不能忽视心理过程。我们还纠正了 Coad 和 Storey 关于我们发现的一些观点。