Top management team configurations and IPO performance in new ventures

Item Type Conference or Workshop Item (Paper)
Abstract Prior research on the relationship between top management team (TMT) composition and firm performance has not been able to fully capture the combined influence of simultaneously present TMT characteristics in different contexts. We analyze the joint necessity and sufficiency of TMT heterogeneity and knowledge stock in 2,295 new ventures that went public on North American stock exchanges between 1990 and 2010. Our findings reveal equifinal configurations for high and low performance in Initial Public Offerings (IPOs), complements and substitutes, and the role of internal and external contingencies. Our study contributes to research on upper echelons, new venture teams, and IPOs.
Authors Leppänen, Petteri; Häfner, Naomi & Stuhler, Ilona
Language English
Keywords top management teams; IPO; TMT characteristics; fuzzy set QCA
Subjects business studies
HSG Classification contribution to scientific community
HSG Profile Area Global Center for Entrepreneurship + Innovation
Date 20 September 2022
Publisher SMS Strategic Management Society
Place of Publication Chicago, IL
Number of Pages 7
Title of Book TMTs: Composition, Cognition, Behavior, and Process
Event Title Strategic Management Society (SMS) 42nd Annual International Conference
Event Location London
Event Dates 17.-20.09.2022
Official URL https://www.strategicmanagement.net/london/tools/s...
Depositing User Prof. Dr. Naomi Häfner
Date Deposited 11 Oct 2022 13:19
Last Modified 11 Oct 2022 13:19
URI: https://www.alexandria.unisg.ch/publications/267570

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Leppänen, Petteri; Häfner, Naomi & Stuhler, Ilona: Top management team configurations and IPO performance in new ventures. 2022. - Strategic Management Society (SMS) 42nd Annual International Conference. - London.

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https://www.alexandria.unisg.ch/id/eprint/267570
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