Top management team tenure and technological inventions at post-IPO biotechnology firms

被引：45
|
作者：
Liu, Kun [1 ]
Li, Jun [2 ]
Hesterly, William [3 ]
Cannella, Albert, Jr. [4 ]
机构：
[1] Wayne State Univ, Dept Management & Informat Syst, Detroit, MI 48202 USA
[2] Univ New Hampshire, Dept Management, Durham, NH 03824 USA
[3] Univ Utah, Dept Management, Salt Lake City, UT 84112 USA
[4] Tulane Univ, New Orleans, LA 70118 USA
来源：
JOURNAL OF BUSINESS RESEARCH | 2012年 / 65卷 / 09期
关键词：
TMT; Organization life cycle; Technological invention; Entrepreneurship; RESEARCH-AND-DEVELOPMENT; CEO TENURE; PATENT CITATIONS; ORGANIZATIONAL GROWTH; STRATEGIC CHANGE; MODERATING ROLE; PERFORMANCE; INNOVATION; EXPERIENCE; COMPETENCE;
D O I：
10.1016/j.jbusres.2011.09.024
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We examine how top management teams (TMTs) facilitate invention performance. We test our hypotheses with a sample of 185 biotech firms that issued initial public offerings (IPOs) between 1980 and 1997. We predict that the percentage of founders on TMT has an inverted U-shaped relationship with invention performance. Average intrafirm tenure will be negatively associated with invention performance and average TMT member experiences from competitors or outside the industry will be positively associated with invention performance. Finally, contextual factors such as firm size and firm age moderate the impact of TMT experiences on invention performance. (C) 2011 Elsevier Inc. All rights reserved.
引用
收藏
页码：1349 / 1356
页数：8
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