Team Ventures and Acquisition Exits: Are Team-Founded Ventures More Likely to be Acquired?

IF 2 4区管理学 Q3 BUSINESS

Entrepreneurship Research Journal Pub Date : 2021-12-24 DOI:10.1515/erj-2021-0193

Leila Soleimani, Mohammad H. Keyhani

引用次数: 0

Abstract

Abstract We investigate whether team ventures are more likely to be acquired than single-founder ventures, and if so, attempt to determine what number of founders results in the highest acquisition likelihood. Using the Kauffman Firm Survey (KFS) of US businesses started in 2004, our results indicate that team-founded new ventures are more likely to be acquired, and that there is a positive and diminishing relationship between team size and acquisition likelihood. This study contributes to the understanding of drivers of exit for new ventures, and opens up the new venture exit literature to future contributions of a team demography approach.

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团队创业和收购退出:团队创业更有可能被收购吗?

我们研究团队创业是否比单一创始人创业更有可能被收购，如果是这样，试图确定多少创始人会导致最高的收购可能性。利用2004年开始的美国企业的考夫曼公司调查(KFS)，我们的结果表明，团队创建的新企业更有可能被收购，并且团队规模与收购可能性之间存在正相关关系和递减关系。本研究有助于理解新创企业退出的驱动因素，并为新创企业退出文献的未来贡献开辟了团队人口统计学方法。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Entrepreneurship Research Journal BUSINESS-

CiteScore

4.50

自引率

21.10%

发文量

期刊介绍： Entrepreneurship Research Journal (ERJ) was launched with an Inaugural Issue in 2011. Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall. Topics: -Research Modeling, Design, and Methods: entrepreneurship theories and conceptualizations, entrepreneurship research methods. -The Individuals-Opportunities-Resources Nexus: nascent entrepreneurs, opportunity recognition, drivers of value creation, and emergence, innovation and technology entrepreneurs, entrepreneurial risk and reward, entrepreneurial cognition and behavior. -Inclusive of Near Environments: family entrepreneurship, networks, teams and alliances, venture capital and angel investor groups, entrepreneurial communities, hubs, clusters and public policy, social entrepreneurship. -Distinct Entrepreneurial Stage or Setting: entrepreneurial growth and strategy, boards, governance and leadership, corporate entrepreneurship, international and emerging market entrepreneurship.