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Team formation processes in new ventures

Author

Listed:
  • Lukas Held

    (Utrecht University)

  • Andrea M. Herrmann

    (Utrecht University)

  • Allard Mossel

    (Utrecht University)

Abstract

While entrepreneurship research theorizing about the team formation in start-up ventures exists, such studies mostly focus on different outcomes of team formation, for example the number of employees. Questions about how team formation processes unfold and the factors, such as labor-market institutions, influencing their evolvement remain unanswered. To address this research gap, we analyze the venture creation processes of 344 ventures in Germany and the USA, offering particularly typical examples of countries with regulated and deregulated labor-market institutions respectively. Based on optimal matching techniques, we illustrate how team formation processes differ over time in terms of founder and employee involvement and the hiring of service providers. Furthermore, we use binary logistic regressions to identify the extent to which national labor-market institutions account for these differences.

Suggested Citation

  • Lukas Held & Andrea M. Herrmann & Allard Mossel, 2018. "Team formation processes in new ventures," Small Business Economics, Springer, vol. 51(2), pages 441-464, August.
    • Handle: RePEc:kap:sbusec:v:51:y:2018:i:2:d:10.1007_s11187-018-0010-z
    DOI: 10.1007/s11187-018-0010-z
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    Cited by:

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    2. Mark Sanders, 2022. "Enter the Prince of Denmark: Entrepreneurship for a Resilient and Sustainable Economy," Small Business Economics, Springer, vol. 59(3), pages 773-779, October.
    3. Claire Economidou & Luca Grilli & Magnus Henrekson & Mark Sanders, 2018. "Financial and Institutional Reforms for an Entrepreneurial Society," Small Business Economics, Springer, vol. 51(2), pages 279-291, August.
    4. Kuebart, Andreas, 2022. "Open creative labs as functional infrastructure for entrepreneurial ecosystems: Using sequence analysis to explore tempo-spatial trajectories of startups in Berlin," Research Policy, Elsevier, vol. 51(9).
    5. Andrea M. Herrmann, 2019. "A plea for varieties of entrepreneurship," Small Business Economics, Springer, vol. 52(2), pages 331-343, February.
    6. Nathaly Pinzón & Javier Montero & José L. González-Pernía, 2022. "The influence of individual characteristics on getting involved in an entrepreneurial team: The contingent role of individualism," International Entrepreneurship and Management Journal, Springer, vol. 18(3), pages 1103-1140, September.
    7. Andrea M. Herrmann & Cornelia Storz & Lukas Held, 2022. "Whom do nascent ventures search for? Resource scarcity and linkage formation activities during new product development processes," Small Business Economics, Springer, vol. 58(1), pages 475-496, January.
    8. Davidsson, Per & Gruenhagen, Jan Henrik, 2022. "Two types of entrepreneurship process research revisited: Solidifying the evidence and moving forward," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    9. Elert, Niklas & Henrekson, Magnus, 2021. "Innovative Entrepreneurship as a Collaborative Effort: An Institutional Framework," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 17(4), pages 330-435, June.
    10. Baoshan Ge & Liyi Zhao, 2022. "The impact of the integration of opportunity and resources of new ventures on entrepreneurial performance: The moderating role of BDAC‐AI," Systems Research and Behavioral Science, Wiley Blackwell, vol. 39(3), pages 440-461, May.
    11. Toroslu, Adrian & Herrmann, Andrea M. & Chappin, Maryse M.H. & Schemmann, Brita & Castaldi, Carolina, 2023. "Open innovation in nascent ventures: Does openness influence the speed of reaching critical milestones?," Technovation, Elsevier, vol. 124(C).

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    More about this item

    Keywords

    New venture creation; Team formation; Entrepreneurship; Varieties-of-capitalism; Optimal matching; Labor-market institutions;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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