This paper investigates the differences in the return generating process of venture capital-backed firms and their peers that operate without venture capital financing. Using a unique hand-picked database of 990 venture capital-backed Belgian firms and a complete population of Belgian SMEs, we...

Using a unique database of 990 VC-backed Belgian firms, we study whether compatibility between corporate and environmental characteristics matters. We address two questions: (i) Does the interplay of company, industry, and product factors affect the expected returns of the VC-backed firms? (ii)...

Entrepreneurs, opportunities, and entrepreneurial behaviors play an important role within the theory of entrepreneurship. However, we have limited knowledge about possible associations among these factors. Therefore, this study investigates these interactions. The study aims to identify the...

Exploration-exploitation research to date has understudied the issue of multiple performance dimensions and their potential trade-offs, which leaves the application of its theory to the context of start-ups exposed to blind spots. The importance of acquisition likelihood as a performance outcome...

Objective: This study aims to assess the role of the relationships between organizations in shaping entrepreneurial performance. In particular, I tested the mediating role of inter-organizational cooperation and competition in the relationship between entrepreneurial orientation and firm...

This article examines how employee self-reported entrepreneurial contributions evolved in firms operating in Russia in 1995-2004 and whether changes can be explained by Akerlof's (1982) theory of implicit gift exchange in labour contracts. We find that these contributions were indeed influenced...

We document new facts on the evolution of founder-CEO compensation in venture capital-backed startups. Having a tangible product (“product market fit”) is a fundamental milestone in CEOs' compensation, marking the point where liquid cash compensation increases significantly – well before...

Prior studies on chief executive officer (CEO) compensation have mainly focused on large firms from a broad spectrum of industries. This study aims to provide further evidence on the determinants of CEO compensation for small, homogeneous firms. Using a sample of Australian early-stage mining...

Agency theory suggests that the interests of opportunistic, self-interested agents will conflict with those of principals. Stewardship theory suggests instead that executives' interests will be aligned with company interests and executives thus be more intrinsically motivated than predicted by...

Growth companies contribute disproportionately to Canada’s job creation, economic development and innovation. Most growth companies can match neither the salaries nor the security of more established competitors for executive talent. This makes their only advantage — the growth prospects of...