| Autor: |
Von Nitzsch, Jannis, Bird, Miriam, Saiedi, Ed |
| Zdroj: |
Academy of Management Annual Meeting Proceedings; 2022, Vol. 2022 Issue 1, p949-949, 1p |
| Abstrakt: |
We integrate the emerging literature stream on the strategic role of firm owners' with Penrosean growth theory to investigate how two types of owners' experience -- matching and governance experience -- influence firm growth. Firm growth is highly dependent on the effective allocation and orchestration of resources and owners' have the ultimate discretion over them. However, research has largely neglected how owners' idiosyncratic experiences affect firms' resource deployment and consequent growth. Specifically, we theorize that the firm owners' experience in matching and governing resources positively affects firm growth and that this effect is contingent on firm age as well as the shareholder structure of the firm. Combining archival with LinkedIn-data we create a unique longitudinal sample of 2,607 German firms to test our hypotheses. We find a positive relationship between firm owners' matching and governance experience and firm growth. Further, we find that firm age, as well as family ties and institutional shareholders within the firm mitigate the positive relationship between the majority shareholders' governance experience and growth. Our findings make important contributions to research on the strategic role of owners' capabilities and firm growth. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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