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The Impact of Past Performance on the Exit of Team Members in Young Firms: The Role of Team Composition
Karin Hellerstedt Jonkoping University - Jonkoping International Business School (JIBS) Howard E. Aldrich University of North Carolina at Chapel Hill Johan Wiklund Syracuse University Babson College Entrepreneurship Research Conference (BCERC) 2007 Frontiers of Entrepreneurship Research 2007 Abstract: We investigate the impact of past performance and team composition on exits of members from entrepreneurial teams. Not only does the homophily principle guide team formation, but it also seems to drive exits from teams. Our findings suggest that greater internal diversity along some but not all demographic dimensions is positively associated with a higher rate of team member exits. At the individual level, we find that the more individuals deviate from the norm in terms of age, the more likely they are to leave a team.
Keywords: Entrepreneurship JEL Classifications: M13 Accepted Paper SeriesDate posted: December 06, 2007 ; Last revised: February 22, 2008Suggested CitationContact Information
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