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Small Business Economics

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01.10.2012

Birds of a feather get lost together: new venture team composition and performance

verfasst von: Paul Steffens, Siri Terjesen, Per Davidsson

Erschienen in: Small Business Economics | Ausgabe 3/2012

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Abstract

This study explores the relationship between new venture team composition and new venture persistence and performance over time. We examine the team characteristics of a 5-year panel study of 202 new venture teams and new venture performance. Our study makes two contributions. First, we extend earlier research concerning homophily theories of the prevalence of homogeneous teams. Using structural event analysis we demonstrate that team members’ start-up experience is important in this context. Second, we attempt to reconcile conflicting evidence concerning the influence of team homogeneity on performance by considering the element of time. We hypothesize that higher team homogeneity is positively related to short term outcomes, but is less effective in the longer term. Our results confirm a difference over time. We find that more homogeneous teams are less likely to be higher performing in the long term. However, we find no relationship between team homogeneity and short-term performance outcomes.

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By sex, we refer to biological sex.

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Titel: Birds of a feather get lost together: new venture team composition and performance
verfasst von: Paul Steffens
Siri Terjesen
Per Davidsson
Publikationsdatum: 01.10.2012
Verlag: Springer US
Erschienen in: Small Business Economics / Ausgabe 3/2012
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-011-9358-z

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