Successful exits are important outcomes for young technology firms. Research has investigated how individual resources affect exit, but both foundational RBV scholarship and newer microfoundations work suggest the need to examine resource configurations in specific contexts. Using an abductive approach and fsQCA methodology, we explore how resource configurations affect exit in the U.S. minimally invasive medical device industry. We find no single resource is necessary or sufficient for exit. Instead, we find four unique equifinal configurations of resources that are sufficient to support exit in certain contexts. Further, these configurations are largely replicated when we distinguish specific exit modes (IPO vs. acquisition). This study advances growing conversations on the role of resource configurations in entrepreneurship with an emphasis on interdependence, complexity, and equifinality of exit.

中文翻译：

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资源相互依赖与成功退出：年轻科技公司的配置视角

成功退出对于年轻科技公司来说是重要的成果。研究调查了个体资源如何影响退出，但基础 RBV 奖学金和较新的微观基础工作都表明需要检查资源配置在特定的背景下。我们使用溯因法和 fsQCA 方法，探讨资源配置如何影响美国微创医疗器械行业的退出。我们发现没有任何单一资源对于退出是必要或充分的。相反，我们发现了四种独特的等最终资源配置，足以支持在某些上下文中退出。此外，当我们区分特定的退出模式（IPO 与收购）时，这些配置在很大程度上是重复的。这项研究推动了关于资源配置在创业中的作用的日益深入的讨论，重点是相互依存性、复杂性和退出的平等性。