Michael Pelz

2017

This literature review illustrates antecedents and consequences of the attraction of financial,
human, social and technological resources in startups. In the process, we also highlight the
use of the resource-based view and the resource dependence theory in the academic
literature on the topic. Until now, most of the literature on the attraction of resources has
focused on established companies. Portraying the diverse correlations of resource attraction
in young, recently founded companies in a comprehensible structure, therefore, expands the
current state of knowledge. The results of our research suggest that along many other
factors especially the characteristics of the entrepreneurs and the existence of business ties
simplify the attraction of key resources. A successful attraction of either one of the four key
resources, subsequently, leads to a better firm performance.