What Do I Take With Me?: The Mediating Effect Of Spin-Out Team Size And Tenure On The Founder-Firm Performance Relationship
AbstractOur study examines the mediating effect of spin-out team characteristics on the relationship between founder quality and parent and spin-out performance. Since the ability to transfer or recreate complementary assets is a critical determinant of performance, we theorize and show that founders with greater ability impact both parent firm and spin-out performance by assembling teams that represent strong complementary human capital. Using linked employee-employer US Census data from the legal services industry, we find founding team size and tenure mediate the founder quality effect. Our findings have practical implications for both managers of existing firms and aspiring founders as it relates to their human resource strategies: the factor most salient to performance is not the individual quality per se, but the manner in which it impacts the transfer and spillover of complementary human capital.
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Bibliographic InfoPaper provided by Center for Economic Studies, U.S. Census Bureau in its series Working Papers with number 13-17.
Length: 42 pages
Date of creation: Apr 2013
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-04-20 (All new papers)
- NEP-BEC-2013-04-20 (Business Economics)
- NEP-CSE-2013-04-20 (Economics of Strategic Management)
- NEP-CWA-2013-04-20 (Central & Western Asia)
- NEP-ENT-2013-04-20 (Entrepreneurship)
- NEP-HRM-2013-04-20 (Human Capital & Human Resource Management)
- NEP-SBM-2013-04-20 (Small Business Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Alexandra Spitz-Oener, 2006. "Technical Change, Job Tasks, and Rising Educational Demands: Looking outside the Wage Structure," Journal of Labor Economics, University of Chicago Press, vol. 24(2), pages 235-270, April.
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