Entrepreneurial transitions: Factors influencing founder departure
Entrepreneurial transitions: Factors influencing founder departure
复制标题
DOI:
10.5465/3069314
复制
发表时间:
2002-08-01
影响因子:
10.5
通讯作者:
Karichalil, R
中科院分区:
文献类型:
--
作者:
Boeker, W;Karichalil, R
Research in entrepreneurship and life cycle theories of the firm have both suggested that new ventures may outgrow the managerial capabilities of their founding teams, at which point the founders may be replaced by professional managers. This study explored factors affecting founder departure. Results indicate that founder departure increases with firm size, decreases with founder ownership and board membership, and has a U-shaped relationship with firm growth. Founders who work in research and development or who are chief executives are also less likely to leave.