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Founder backgrounds and the evolution of firm size

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  • Peter W. Roberts
  • Steven Klepper
  • Scott Hayward

Abstract

To what extent are firm size differences influenced by entrepreneurs' pre-founding experience, and do these differences persist over time? We analyze these questions using a novel data set assembled for Australian and New Zealand wine producers on their heritage and sizes at various ages. Our findings indicate that on average firms founded by individuals with prior wine industry experience are larger initially and remain larger for at least the next 20 years. Using additional data on professional backgrounds, export scope, and the size of the firms at which experienced founders previously worked, we explore alternative mechanisms that could have generated these persistent size differences. Copyright 2011 The Author 2011. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Peter W. Roberts & Steven Klepper & Scott Hayward, 2011. "Founder backgrounds and the evolution of firm size," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 20(6), pages 1515-1538, December.
    • Handle: RePEc:oup:indcch:v:20:y:2011:i:6:p:1515-1538
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    File URL: http://hdl.handle.net/10.1093/icc/dtr026
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    Citations

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    Cited by:

    1. Grillitsch, Markus & Schubert, Torben, 2020. "Does the Timing of integrating new Skills affect Start-up Growth?," Papers in Innovation Studies 2020/9, Lund University, CIRCLE - Centre for Innovation Research.
    2. Alex Coad & Julian Frankish & Paul Nightingale & Richard Roberts, 2014. "Business experience and start-up size: Buying more lottery tickets next time around?," Small Business Economics, Springer, vol. 43(3), pages 529-547, October.
    3. Xi, Guoqian & Block, Jörn & Lasch, Frank & Robert, Frank & Thurik, Roy, 2017. "How Does Firm Survival Differ between Business Takeovers and New Venture Start-ups?," IZA Discussion Papers 11155, Institute of Labor Economics (IZA).
    4. Pernille Gjerløv-Juel & Michael S. Dahl, 2012. "Spin-off Growth and Job Creation: Evidence on Denmark," Chapters, in: Guido Buenstorf (ed.), Evolution, Organization and Economic Behavior, chapter 10, Edward Elgar Publishing.
    5. Florence Honore, 2014. "From Common Ground To Breaking New Ground: Founding Team's Prior Shared Experience And Start-Up Performance," Working Papers 14-39, Center for Economic Studies, U.S. Census Bureau.
    6. Thomas Bauwens & Benjamin Huybrechts & Frédéric Dufays, 2020. "Understanding the Diverse Scaling Strategies of Social Enterprises as Hybrid Organizations," Post-Print hal-02312322, HAL.
    7. Tripathi, Vinayak R. & Popli, Manish & Gaur, Ajai, 2022. "Spirituality meets science: Impact of founders’ imprint on healthcare practices for marginal communities in India," Journal of Business Research, Elsevier, vol. 138(C), pages 311-323.
    8. Alex Coad & Sven-Olov Daunfeldt & Dan Johansson & Karl Wennberg, 2014. "Whom do high-growth firms hire?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 23(1), pages 293-327, February.
    9. Florence Honoré & Martin Ganco, 2023. "Entrepreneurial teams' acquisition of talent: Evidence from technology manufacturing industries using a two‐sided approach," Strategic Management Journal, Wiley Blackwell, vol. 44(1), pages 141-170, January.
    10. Marco Vivarelli, 2012. "Entrepreneurship and Post-Entry Performance: the Microeconomic Evidence," DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali dises1286, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    11. Barrett, Gillian & Dooley, Lawrence & Bogue, Joe, 2021. "Open innovation within high-tech SMEs: A study of the entrepreneurial founder's influence on open innovation practices," Technovation, Elsevier, vol. 103(C).
    12. Marco Vivarelli, 2013. "Is entrepreneurship necessarily good? Microeconomic evidence from developed and developing countries," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(6), pages 1453-1495, December.
    13. Vivarelli, Marco, 2012. "Drivers of entrepreneurship and post-entry performance : microeconomic evidence from advanced and developing countries," Policy Research Working Paper Series 6245, The World Bank.
    14. Christos Kolympiris & Sebastian Hoenen & Nicholas Kalaitzandonakes, 2018. "Geographic distance between venture capitalists and target firms and the value of quality signals," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(1), pages 189-220.
    15. Sandy Yu, 2020. "How Do Accelerators Impact the Performance of High-Technology Ventures?," Management Science, INFORMS, vol. 66(2), pages 530-552, February.
    16. Stefano Colombo & Luca Grilli, 2017. "Should I stay or should I go? Founder’s decision to leave an entrepreneurial venture during an industrial crisis," Industry and Innovation, Taylor & Francis Journals, vol. 24(2), pages 97-121, February.
    17. Maryann P. Feldman & Serden Ozcan & Toke Reichstein, 2019. "Falling Not Far from the Tree: Entrepreneurs and Organizational Heritage," Organization Science, INFORMS, vol. 30(2), pages 337-360, March.
    18. Maryann P. Feldman & Serden Ozcan & Toke Reichstein, 2021. "Variation in organizational practices: are startups really different?," Journal of Evolutionary Economics, Springer, vol. 31(1), pages 1-31, January.

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