Using a dataset comprising 102 private equity (PE) backed leveraged buyouts (LBOs) completed and exited during the period 1999-2008, this study sheds new light on the impact of buyout vendor source and PE investor experience on post-buyout efficiency during the first three years after the...

We open up the black box of learning from experience by building upon the emerging stream of research on learning from performance feedbacks. We go beyond prior research that has regarded experience as a homogenous construct by introducing and theorizing three specific attributes of experience:...

The purpose of this special issue is to promote research on the role of family in nurturing entrepreneurial ventures as well as on the importance of strategic entrepreneurship in maintaining the strength and viability of established and multigenerational family firms. Two related research...

This introductory comment to the special edition notes the complex and dynamic nature of the new venture creation process. Although the growing body of work which explores discrete elements of this process is acknowledged, in-depth analyses of the ‘black box’ of new venture creation remain...

We respond to calls to incorporate the broader institutional context in which partner selection decisions occur into the study of partner selection. We examine the neglected question concerning how varying institutional distance between potential partners in different countries influences the...

Building on the resource-based view of the firm and signalling theory, we challenge the traditional perspective that spatial proximity benefits can be leveraged by university spin-outs (USOs) located in the South East of England (i.e. particularly those drawn from ‘star’ golden triangle...

I outline a synthesis of micro and macro levels that attempts to provide a broader conceptualization of academic entrepreneurship and an appreciation of the contextual heterogeneity of academic entrepreneurship and the implications for how it occurs. The micro-level concerns how firms...

Purpose – Emerging work on returnee entrepreneurs has done little to examine how these individuals coordinate the resources they need to exploit their opportunities. Existing research has recognized the role of context but this has been quite limited. The chapter provides a novel analytical...

Within the UK, considerable policy support has been provided to create multi-disciplinary institutes to encourage academics to develop new knowledge to address industry and societal problems. We consider four large traditional UK universities that have gained significant funding for such...

Entrepreneurship has become firmly established as a legitimate scholarly discipline dedicated to new value creation by individuals and corporations. To be influential in shaping managerial practice and public policy, we believe that time has come for a substantive shift in the focus, content and...