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Hiring new employees is an important part of a new venture's growth. However, we still have limited understanding of the human capital needs of high-growth new ventures, and how their pace of growth relates to whom they hire. We contribute to the literature by investigating 64,404 hires among...
Persistent link: https://www.econbiz.de/10014252449
We provide causal evidence that venture capitalists (VCs) improve the performance of their portfolio companies by replacing founders. Augmenting a database of U.S.-based, VC-backed startups founded from 1995-2008 with hand-collected information regarding turnover, we exploit shocks to the supply...
Persistent link: https://www.econbiz.de/10012936583
entrepreneurship. We distinguish between two distinct entrepreneurship entry modes: business takeover and new venture start-up. Using a … large and rich French data set, we find that small firm experience increases the likelihood for business takeover, whereas …
Persistent link: https://www.econbiz.de/10011476546
The Korean government has made fostering a “creative economy” a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role. However, the venture capital market is still at an early stage of...
Persistent link: https://www.econbiz.de/10010464940
A creative economy requires innovation-friendly conditions. Korea’s innovation system should be improved by upgrading universities and expanding their role in business R&D, while increasing international collaboration in R&D from its current low level. The returns from Korea’s large...
Persistent link: https://www.econbiz.de/10010464970
Focusing on entrepreneurship entry modes, we investigate two research questions regarding firm survival: how does the survival probability differ between business takeovers and new venture start-ups? And how do the determinants of survival differ between the two entry modes? Using a large French...
Persistent link: https://www.econbiz.de/10012942096
entrepreneurship. Little is known about the entry modes (new venture start-up vs. business takeover) of hybrid entrepreneurs. Our study … female, having worker experience, and having received social benefits are linked to business takeover. With these results … takeover, which is of high interest, given the growing number of businesses seeking outside successors …
Persistent link: https://www.econbiz.de/10012943712
entrepreneurship. We distinguish between two distinct entrepreneurship entry modes: business takeover and new venture start-up. Using a … large and rich French data set, we find that small firm experience increases the likelihood for business takeover, whereas …
Persistent link: https://www.econbiz.de/10012990862
Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones. VC backing increases a startup's likelihood of reaching the right tails of the firm size and...
Persistent link: https://www.econbiz.de/10012063841
Focusing on entrepreneurship entry modes, we investigate two research questions regarding firm survival: how does the survival probability differ between business takeovers and new venture start-ups? And how do the determinants of survival differ between the two entry modes? Using a large French...
Persistent link: https://www.econbiz.de/10011763818