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• SHOULD I STAY OR SHOULD I GO? FOUNDER POWER AND EXIT VIA INITIAL PUBLIC OFFERING AI翻译
  作者：Souitaris, Vangelis; Zerbinati, Stefania; Peng, Bo (Grace); Shepherd, Dean
  作者单位：City St Georges, University of London; University of St Gallen; Southwestern University of Finance & Economics - China; University of London; Birkbeck University London; University of Notre Dame
  摘要：Founders can voluntarily exit their ventures via initial public offerings (IPOs). This study builds on power theory to develop and test a model of founder exit using a dataset of 313 founders from 177 entrepreneurial IPOs between 2002 and 2010. We largely find support for the model-a negative relationship between founder power and full exit. To capture the underlying mechanism of the power-exit relationship, we conducted two experiments in which we randomly assigned decision makers to either a...
• INVESTMENT TIES GONE AWRY AI翻译
  作者：Shafi, Kourosh; Mohammadi, Ali; Johan, Sofia A.
  作者单位：California State University System; California State University East Bay; Copenhagen Business School; State University System of Florida; Florida Atlantic University
  摘要：Forming early relationships increases entrepreneurial ventures' chances of survival and success by allowing access to critical resources from partners. However, since not all ventures achieve their desired goals through collaboration due to uncertainty, such relationships are sometimes abandoned. This paper investigates the costs of ties that have gone awry in the context of venture capital investments. We conjecture that the adverse perceptions of signals associated with tie discontinuation r...
• GIVE THEM SOME SLACK-THEY'RE TRYING TO CHANGE! THE BENEFITS OF EXCESS CASH, EXCESS EMPLOYEES, AND INCREASED HUMAN CAPITAL IN THE STRATEGIC CHANGE CONTEXT AI翻译
  作者：Bentley, F. Scott; Kehoe, Rebecca R.
  作者单位：State University of New York (SUNY) System; Binghamton University, SUNY; Cornell University
  摘要：We address calls for contextualization in the study of slack resources by examining the pursuit of strategic change as a contingency that shapes the effects of human resource (HR) slack and financial slack on firm performance. Using data on U.S. commercial banks from 2002 to 2014, we demonstrate that HR slack is more positively related to firm performance in firms pursuing strategic change, and that this relationship is stronger in the presence of greater financial slack. Moreover, we find tha...