Team Ventures and Acquisition Exits: Are Team-Founded Ventures More Likely to be Acquired?-Reference-Cited by-同舟云学术

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

Published:2021-12-24 Issue:0 Volume:0 Page:
ISSN:2157-5665
Container-title:Entrepreneurship Research Journal
language:en
Short-container-title:

Author:

Soleimani Leila¹,Keyhani Mohammad²^ORCID

Affiliation:

1. Management, Marketing and Entrepreneurship Department , University of Scranton , 18510 Scranton , PA , USA

2. Haskayne School of Business , University of Calgary , Calgary , Alberta , Canada

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.

Publisher

Walter de Gruyter GmbH

Subject

Management of Technology and Innovation,Strategy and Management,Business and International Management

Link

https://www.degruyter.com/document/doi/10.1515/erj-2021-0193/pdf

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