Abstract
Entrepreneurship and start-ups have become modern hype terms. Especially, software start-ups have gathered a lot of interest due to a few successful examples, and the potential scalability of new business. A plethora of accelerators, events and communities has been found as well as new research agendas announced to boost and study the new phenomenon. The question, are software start-ups different, still remains unanswered. This study address whether software start-ups differ from the other kinds of new companies. We use the set of over 20,000 Finnish companies founded during 2010-2013 as an empirical material for our inquiry. To compare the financial performance of software start-ups and the rest, we use the current ratio, profit margin, revenue and return on assets as measures of financial performance. The results show that, indeed, software start-ups differ from the control group in the used financial indicators.
Original language | English |
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Title of host publication | 2017 International Conference on Engineering, Technology and Innovation (ICE/ITMC) |
Editors | Joao Pedro Mendonca, Ricardo Jardim-Goncalves, Joao Martins, Alain Zarli, Maria Marques, Marc Pallot |
Publisher | IEEE Institute of Electrical and Electronic Engineers |
Pages | 991-996 |
ISBN (Electronic) | 978-1-5386-0774-9 |
ISBN (Print) | 978-1-5386-0775-6 |
DOIs | |
Publication status | Published - 2 Feb 2018 |
MoE publication type | Not Eligible |
Event | 23rd International Conference On Engineering, Technlogy and Innovation, ICE/ITMC - Madeira, Portugal Duration: 27 Jun 2017 → 29 Jun 2017 |
Conference
Conference | 23rd International Conference On Engineering, Technlogy and Innovation, ICE/ITMC |
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Abbreviated title | ICE/ITMC 2017 |
Country/Territory | Portugal |
City | Madeira |
Period | 27/06/17 → 29/06/17 |
Keywords
- software business
- start-up
- entrepreneurship
- software industry
- Finland