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Entrepreneurial Team Composition Characteristics and New Venture Performance: A Meta–Analysis

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  • Linlin Jin
  • Kristen Madison
  • Nils D. Kraiczy
  • Franz W. Kellermanns
  • T. Russell Crook
  • Jing Xi

Abstract

Upper echelon theory highlights the importance of top management teams in large and established firms; however, effects are not always clear outside of this context. Due to the unique nature of new ventures, the composition of entrepreneurial teams and its effects on performance is worthy of investigation. Accordingly, we meta–analyze the effect of three characteristics of entrepreneurial team composition (i.e., aggregated, heterogeneity, team size) on new venture performance. Our meta–analysis, which includes 55 empirical samples and 8,892 observations, finds significant and unique effects of entrepreneurial team characteristics on new ventures. Based on our findings, we derive avenues for future research.

Suggested Citation

  • Linlin Jin & Kristen Madison & Nils D. Kraiczy & Franz W. Kellermanns & T. Russell Crook & Jing Xi, 2017. "Entrepreneurial Team Composition Characteristics and New Venture Performance: A Meta–Analysis," Entrepreneurship Theory and Practice, , vol. 41(5), pages 743-771, September.
  • Handle: RePEc:sae:entthe:v:41:y:2017:i:5:p:743-771
    DOI: 10.1111/etap.12232
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    File URL: https://journals.sagepub.com/doi/10.1111/etap.12232
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    References listed on IDEAS

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    1. de Mol, Eva & Cardon, Melissa S. & de Jong, Bart & Khapova, Svetlana N. & Elfring, Tom, 2020. "Entrepreneurial passion diversity in new venture teams: An empirical examination of short- and long-term performance implications," Journal of Business Venturing, Elsevier, vol. 35(4).
    2. Donbesuur, Francis & Boso, Nathaniel & Hultman, Magnus, 2020. "The effect of entrepreneurial orientation on new venture performance: Contingency roles of entrepreneurial actions," Journal of Business Research, Elsevier, vol. 118(C), pages 150-161.
    3. Domurath, Anne & Patzelt, Holger & Liebl, Andreas, 2020. "Does negative feedback impact new ventures' organizational identity? The role of founding teams' human capital and feedback source," Journal of Business Venturing, Elsevier, vol. 35(3).
    4. Boone, Sarah & Andries, Petra & Clarysse, Bart, 2020. "Does team entrepreneurial passion matter for relationship conflict and team performance? On the importance of fit between passion focus and venture development stage," Journal of Business Venturing, Elsevier, vol. 35(5).
    5. Rosendahl Huber, Laura & Sloof, Randolph & Van Praag, Mirjam & Parker, Simon C., 2020. "Diverse cognitive skills and team performance: A field experiment based on an entrepreneurship education program," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 569-588.

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