Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/197556
Authors: 
Fund, Bret R.
Year of Publication: 
2016
Citation: 
[Journal:] The Journal of Entrepreneurial Finance (JEF) [ISSN:] 1551-9570 [Volume:] 18 [Year:] 2016 [Issue:] 2 [Pages:] 1-46
Abstract: 
This paper examines how organizations protect themselves from the negative social and economic consequences associated with the loss of a key member and their social capital. Drawing on the social capital and upper echelons literatures, the author(s) hypothesize that social capital can be institutionalized. The corresponding hypotheses are tested on a sample of 125 venture-backed software firms and the results demonstrate that the institutionalization of a founder-CEO's social capital leads to better performance for a firm. The results provide a basis for understanding how social mechanisms influence economic organization as well as succession and compensation in a new venture context.
Subjects: 
founder-ceo transitions
venture capital
startups
social capital & entrepreneurial leadership
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/4.0/
Document Type: 
Article

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