Founder Turnover in Venture Capital Backed Start-Up Companies

2009
ISBN: 978-3-8349-1197-1
Verlag: Gabler Verlag

Buch, Englisch, 253 Seiten, Paperback, Format (B × H): 148 mm x 210 mm, Gewicht: 361 g

Reihe: Innovation und Entrepreneurship

Rapid firm growth fueled by venture capital investments triggers tremendous dynamics in the development of young firms. However, entrepreneurship research frequently ascribes a rather static role to the entrepreneur in his start-up company. The phenomenon of founder turnover – a situation in which entrepreneurs decide to leave their initial job position – has mostly been ne¬glected. Moreover, little is known about the frequency, causes, and the impact of founder turnover.

Martin Heibel analyzes founder turnover in German venture capital backed start-up companies. He develops two unique data sets specifically assembled through an experiment and an online survey. His in-depth analyses cover antecedents and performance implications of founder turnover. They combine venture capitalists’ as well as entrepreneurs’ perspectives on founder turnover, and yield detailed insights into the interaction between financiers and founders.

Zielgruppe

Research

Autoren/Hrsg.

Heibel, Martin

Weitere Mitwirkende

Harhoff, Ph.D., Prof. Dietmar

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Management Forschung & Entwicklung (F&E), Innovation
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensberatung, Unternehmenssubventionen

Inhaltsverzeichnis

Prior Research and Theoretical Background.- Hypotheses and Combined Theoretical Model.- Analysis of VCs’ Founder Turnover Decisions.- Determinants and Impact of Founder Turnover.- Conclusion.

Über Autor(innen)

Dr. Martin Heibel promovierte bei Prof. Dietmar Harhoff, Ph.D., am Institut für Innovationsforschung, Technologiemanagement und Entrepreneurship der Universität München. Er ist Gründer und Geschäftsführer der IntraWorlds GmbH.