The effects of early stage resources acquisition

Last registered on January 19, 2021

Pre-Trial

Trial Information

General Information

Title
The effects of early stage resources acquisition
RCT ID
AEARCTR-0007064
Initial registration date
January 18, 2021

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
January 19, 2021, 6:21 AM EST

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Locations

Region

Primary Investigator

Affiliation
University of Oregon

Other Primary Investigator(s)

Additional Trial Information

Status
In development
Start date
2021-01-25
End date
2021-12-31
Secondary IDs
Abstract
Obtaining rigorous evidence on the impact of resource acquisition is not easy given the empirical challenges that limit causal inference. These challenges include omitted variable bias (e.g., unobserved ability could be driving changes in performance and strategic orientation decisions), self-selection bias (decisions to seek certain resources could be influenced by reasons unknown to the researcher), or reverse causality issues (e.g., better performance or strategic orientation decisions may be required first so that an entrepreneur can acquire a certain resource). To address these empirical challenges, I will implement a process field experiment. Such an experiment tests the process underlying why we think resource acquisition influences venture performance and its strategic orientation, and analyses which mechanism (financial capital, entrepreneurial capital, or both) is more important. A trade-off could exist in accessing these resources and I consider these various trade-offs explicitly in the research design in order to identify the “active ingredient” in the process of early-stage resource acquisition.

To test experimentally the effects of resource acquisition, I will implement two treatments. In addition to having a control group (“T0: Control Group”), I will implement (1) access to entrepreneurial capital (“T1: Entrepreneurial capital”) and (2) access to financial capital and entrepreneurial capital (“T2: Financial capital & Entrepreneurial capital”). I stratify the randomization according to venture and founder characteristics (industry, resource endowment, and gender) to ensure creating groups with similar observable characteristics.
External Link(s)

Registration Citation

Citation
Hmaddi, Ouafaa. 2021. "The effects of early stage resources acquisition." AEA RCT Registry. January 19. https://doi.org/10.1257/rct.7064
Sponsors & Partners

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Experimental Details

Interventions

Intervention(s)
To test experimentally the effects of resource acquisition, I will implement two treatments. In addition to having a control group (“T0: Control Group”), I will implement (1) access to entrepreneurial capital (“T1: Entrepreneurial capital”) and (2) access to financial capital and entrepreneurial capital (“T2: Financial capital & Entrepreneurial capital”). I stratify the randomization according to venture and founder characteristics (industry, resource endowment, and gender) to ensure creating groups with similar observable characteristics.
Intervention Start Date
2021-02-21
Intervention End Date
2021-05-31

Primary Outcomes

Primary Outcomes (end points)
Venture Pivot
Venture Performance
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
The experiment is designed to compare 2 experimental treatments to a shared control arm.
Experimental Design Details
Randomization Method
randomization will be done in office by a computer
Randomization Unit
Venture
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
200
Sample size: planned number of observations
200
Sample size (or number of clusters) by treatment arms
40, 80, 80
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
0.85
IRB

Institutional Review Boards (IRBs)

IRB Name
IRB Approval Date
IRB Approval Number

Post-Trial

Post Trial Information

Study Withdrawal

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Intervention

Is the intervention completed?
No
Data Collection Complete
Data Publication

Data Publication

Is public data available?
No

Program Files

Program Files
Reports, Papers & Other Materials

Relevant Paper(s)

Reports & Other Materials