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Psicothema was founded in Asturias (northern Spain) in 1989, and is published jointly by the Psychology Faculty of the University of Oviedo and the Psychological Association of the Principality of Asturias (Colegio Oficial de Psicólogos del Principado de Asturias).
We currently publish four issues per year, which accounts for some 100 articles annually. We admit work from both the basic and applied research fields, and from all areas of Psychology, all manuscripts being anonymously reviewed prior to publication.

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Psicothema, 2011. Vol. Vol. 23 (nº 3). 439-445




Initial resource assembly in new ventures: Does location matter?

Tatiana Manolova1, Candida Brush2 and Linda Edelman1

1 Bentley University (USA) and
2 Babson College (USA)

The formation of a new venture requires crucial choices that impact the future success of the firm. An important initial decision is whether or not to start the new venture from home or from a separate location. In this paper, we examine the impact of firm-location decisions on the resource assembly process. Resource assembly is the first step taken by entrepreneurs to begin building a resource base, and it involves gaining ownership or control over resources. Our findings indicate that resource profiles significantly differ by location. In addition, away-based businesses assemble significantly higher counts of physical, financial, and organizational resources.

Recursos iniciales en las nuevas empresas: ¿influye la ubicación?La formación de una nueva empresa requiere tomar decisiones fundamentales que tendrán impacto en el futuro éxito de la empresa. Una primera decisión importante es elegir si la empresa se localizará en casa o en un espacio diferente. En este trabajo examinamos el impacto que tiene la ubicación de la empresa en el ensamblaje de los recursos. La asamblea de recursos es el primer paso dado por los empresarios para comenzar a construir una base de recursos, y consiste en obtener la propiedad o el control sobre los recursos. Nuestros resultados indican que los perfiles de los recursos difieren significativamente según la ubicación. Además, las empresas basadas en la distancia reúnen significativamente mayor número de recursos físicos, financieros y organizacionales.

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