We contrast the performance consequences of intra-family vs. external ownership transfers. Investigating a sample of …-family transfers. We attribute these performance differences to the long-term orientation of family firms passed on to the next … and theoretical mechanisms explaining performance differences, we outline implications for family business and …

performance of new ventures. We propose an alternate framework demonstrating how experience translates into expertise by arguing … that the positive experience-performance relationship only appears to expert entrepreneurs, while novice entrepreneurs may … ventures. These negative performance implications can be alleviated if the level of contextual similarity between prior and …

commercial knowledge gained by industry experience is potentially more valuable for entrepreneurial performance compared to the … average performance of CSOs be higher than comparable USOs, but the gains from founder’s prior experiences will also be higher …