Management team change in venture capital-backed firms

Ekaterina Bjørnåli; Truls Erikson

doi:10.3990/2.268578350

Management team change in venture capital-backed firms

Ekaterina Bjørnåli, Truls Erikson

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic

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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.

Original language	English
Title of host publication	Proceedings of the 16th Annual High Technology Small Firms Conference 2008
Place of Publication	Enschede
Publisher	University of Twente
Number of pages	15
ISBN (Print)	9789036526685
DOIs	https://doi.org/10.3990/2.268578350
Publication status	Published - 2008
Externally published	Yes
Event	16th Annual High Technology Small Firms Conference, HTSF 2008 - Enschede, Netherlands Duration: 21 May 2008 → 23 May 2008 Conference number: 16

Conference

Conference	16th Annual High Technology Small Firms Conference, HTSF 2008
Abbreviated title	HTSF
Country/Territory	Netherlands
City	Enschede
Period	21/05/08 → 23/05/08

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10.3990/2.268578350

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1 Book

Proceedings of the 16th Annual High Technology Small Firms Conference and Doctoral Workshop 2008
Rossini, G. (Publisher), 2008, Enschede: University of Twente. 610 p.
Research output: Book/Report › Book › Professional

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Cite this

@inproceedings{b27c558575cb4a6baab5a05b92e4d9f0,

title = "Management team change in venture capital-backed firms",

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{\textquoteright}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.",

author = "Ekaterina Bj{\o}rn{\aa}li and Truls Erikson",

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booktitle = "Proceedings of the 16th Annual High Technology Small Firms Conference 2008",

publisher = "University of Twente",

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AU - Bjørnåli, Ekaterina

AU - Erikson, Truls

N1 - Conference code: 16

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N2 - 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.

AB - 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.

U2 - 10.3990/2.268578350

DO - 10.3990/2.268578350

M3 - Conference contribution

SN - 9789036526685

BT - Proceedings of the 16th Annual High Technology Small Firms Conference 2008

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CY - Enschede

T2 - 16th Annual High Technology Small Firms Conference, HTSF 2008

Y2 - 21 May 2008 through 23 May 2008

ER -

Management team change in venture capital-backed firms

Abstract

Conference

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Research output

Proceedings of the 16th Annual High Technology Small Firms Conference and Doctoral Workshop 2008

Cite this