New Firm Performance and the Replacement of Founders

Jing Chen, Peter Thompson

    Publikation: KonferencebidragPaperForskningpeer review

    Abstrakt

    We construct a simple model of founder turnover in which there may be mismatches between the quality of a startup and the ability of the founder. When high-ability founders establish poor-quality businesses, they either choose to close the business or hire a less able CEO. In contrast, low-ability founders with highquality businesses hire a more able CEO. We derive implications of the model for the relationship between firm performance and founder turnover. These predictions are tested using a large sample of Danish startups.
    OriginalsprogEngelsk
    Publikationsdato2012
    Antal sider37
    StatusUdgivet - 2012
    BegivenhedThe 12th Annual Roundtable for Engineering Entrepreneurship Research - Georgia Institute of Technology, Atlanta, GA, Atlanta, USA
    Varighed: 9 nov. 201211 nov. 2012
    Konferencens nummer: 12
    http://ciber.gatech.edu/news/articles/2012-11-09-REER1.html

    Konference

    KonferenceThe 12th Annual Roundtable for Engineering Entrepreneurship Research
    Nummer12
    LokationGeorgia Institute of Technology, Atlanta, GA
    LandUSA
    ByAtlanta
    Periode09/11/201211/11/2012
    Internetadresse

    Emneord

    • Entrepreneurship
    • Business creation
    • Founder turnover
    • CEO turnover

    Citationsformater