Choi, Joonkyu; Goldschlag, Nathan; Haltiwanger, John C.; … - National Bureau of Economic Research - 2021
created at firm formation and is inalienable from the founding team itself. To test this hypothesis, we exploit premature … deaths to identify the causal impact of losing a founding team member on startup performance. We find that the exogenous … separation of a founding team member due to premature death has a persistently large, negative, and statistically significant …
