What Do I Take With Me? The Mediating Effect of Spin-out Team Size and Tenure on the Founder–Firm Performance Relationship
| Autor: | Rajshree Agarwal, Martin Ganco, April Franco, Benjamin A. Campbell |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
media_common.quotation_subject
Strategy and Management New Ventures Human capital Complementary assets Spillover effect Management of Technology and Innovation 0502 economics and business Quality (business) Sociology Marketing 050207 economics Business and International Management Positive economics Human resources Practical implications media_common business.industry 05 social sciences Perspective (graphical) General Business Management and Accounting Legal service Management Spin out business Knowledge transfer 050203 business & management |
| Zdroj: | Academy of Management Journal. 59:1060-1087 |
| ISSN: | 1948-0989 0001-4273 |
| Popis: | Our study examines the mediating effect of spin-out team characteristics on the relationship between founder quality and parent and spin-out performance. Since the ability to transfer or recreate complementary assets is a critical determinant of performance, we theorize and show that founders with greater ability impact both parent firm and spin-out performance by assembling teams that represent strong complementary human capital. Using linked employee-employer US Census data from the legal services industry, we find founding team size and tenure mediate the founder quality effect. Our findings have practical implications for both managers of existing firms and aspiring founders as it relates to their human resource strategies: the factor most salient to performance is not the individual quality per se, but the manner in which it impacts the transfer and spillover of complementary human capital. |
| Databáze: | OpenAIRE |
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