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Management team change in venture capital-backed firms

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Bjornali, Ekaterina and Erikson, Truls (2008) Management team change in venture capital-backed firms. In: The 16th Annual High Technology Small Firms Conference : May 22-23, 2008 + May 21 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 22 May 2008 - 23 May 2008, Enschede, The Netherlands .

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Event: The 16th Annual High Technology Small Firms Conference : May 22-23, 2008 + May 21 Doctoral Workshop, University of Twente, Enschede, The Netherlands., 22 May 2008 - 23 May 2008, Enschede, The Netherlands
Abstract:In this paper we elaborate on several theoretical explanations that underlie past empirical work on top management teams (TMT) and explore the factors driving TMT changes in new venture-capital backed firms. We found demographic and functional team heterogeneity, CEO tenure and prior start-up experience, and the presence of dismissal covenant to be positively related to the TMT change. We also examined and did not find support for team size and team conflict’s relation to TMT change. We attempt to integrate our empirical results with well established TMT literature and suggest future research directions that may be helpful to researchers seeking to further explore these issues.
Item Type:Conference or Workshop Item (Paper)
Uncontrolled Keywords:Turnover, change, top management team, new venture, venture capital
Link to this item:http://purl.utwente.nl/proceedings/80
Organisation URL:http://www.utwente.nl/bms/nikos/
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