Problems of Surviving and Growth of New Ventures: Literature Review

Abstract

This work represents the results of analysis of researches devoted to problem of high death level of new ventures. This work is based on the articles published in journals indexed by Scopus, Web of Science. The primary goal of this article is to systemize all the investigations of new ventures threats. Literature analysis shown that authors attribute infant administrative system, lack of financial resources due to low level of market information efficiency in relation to the small company, lack of stable links with external agents, lack of interest from potential employees to the most widespread problems specific for new ventures, which lead to high risk of bankruptcy. Despite the different focuses all the authors suggest that high levels of threats are temporary and decrease over the time. In the discussion the authors examine the role of financial market infrastructure in the context of overcoming the identified survival and development problems of small firms in the process of their legitimization.

DOI: 10.5901/mjss.2016.v7n2p212