Firms face different kind of liabilities such as "foreignness and outsidership" when are moving to a different country (Zaaher, 1995), "liability of smallness" when are dealing in a large market (Bruderl & Schussler, 1990), "liability of newness" concerning the early stages of organizational life cycles (Freeman and Carrol, 1983), so on.

Beyond those, a company aiming to become innovative has to allow several concessions and sail to unknown waters.

Is there any strong theory behind such argument?

I assume it is tricky because somehow there is a counterargument to the basis of entrepreneurship theory behind it.