To Survive or Not to Survive: Findings from PLS-SEM on the Relationship Between Organizational Resources and Startups' Survival

This study explores the phenomenon of startup survival in an incipient entrepreneurship ecosystem. For this purpose, multiple and simultaneous relation-ships between organizational resources, incubation, and startup survival are validated empirically. The analysis used PLS-SEM on a sample of 119 startups operating in different markets in Peru. The results show that survival is explained directly by a combination of entrepreneurial and organizational capital but indirectly by a chain of causal links. In this way, social capital determines human capital, and human capital also determines entrepreneurial capital. Thus, this study contributes to the literature in management and entrepreneurship with one alternative way to measure a phenomenon of greater complexity to demonstrate the survival of Peruvian startups.