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A Systems View Across Time and Space

Table 6 Results of the paired t-tests comparing the financial performance of start-ups after 5 years

From: A note on the effects of start-up competitions: experience from the Czech Business Plan Contest “Idea of the Year”

Total assets

Mean

Standard error

N

t-Statistics

Total assets (5th year)

7056.68

3678.76

19

1.67

Total assets (1st year)

2062.37

891.22

19

p-value (H1: difference > 0)

Difference

4994.32*

2999.18

19

0.06

Total sales

Mean

Standard error

N

t-Statistics

Total sales (5th year)

6387.65

3619.23

17

1.50

Total sales (1st year)

2143.24

1080.83

17

p-value (H1: difference > 0)

Difference

4244.41*

2828.76

17

0.08

  1. Source: Own calculations based on Bisnode’s (2021) and Idea of the Year (2021) data
  2. *Denominates statistical significance at 10%