Resource title

You can't make an omelette without breaking eggs: the impact of venture capitalists on executive turnover

Resource image

image for OpenScout resource :: You can't make an omelette without breaking eggs: the impact of venture capitalists on executive turnover

Resource description

We present evidence on venture capitalists? (VCs) impact on turnover of executives for a sample of nearly 47,000 German high-tech start-ups between 1995 and 2004. We confirm that the presence of VCs increases the probability of a change in the initial executive team. Additionally, we take a closer look on the subsample of venturebacked firms. We find that a small distance between the VCs and the companies they finance and a larger total stake in the company owned by VCs increase the probability of changes in the initial executive teams.

Resource author

Diana Heger, Tereza Tykvov√°

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24553

Resource license

Adapt according to the presented license agreement and reference the original author.