{"title":"Entrepreneurial team characteristics that influence the successful launch of a new venture","authors":"Myleen Leary, Michael L. DeVaughn","doi":"10.1108/01409170910962993","DOIUrl":null,"url":null,"abstract":"Purpose – The purpose of this paper is to identify the characteristics of an entrepreneurial team that influence the likelihood a new venture will successfully launch.Design/methodology/approach – This paper uses a sample of prospective start‐up banks that applied for a charter application in Florida between 1996 and 2005. Logistic regression was used to test the hypotheses.Findings – Analysis suggests that entrepreneurial teams where: the CEO is strongly embedded into the team; no team member holds 10 per cent or more of the firm's total equity; team members have less rather than more industry experience; and more team members have prior founding experience, all point to a successful new venture launch.Research limitations/implications – This study focuses on start‐up success in a single industry and thus may not be generalizable to other research contexts.Practical implications – Results suggest that bank regulators in charge approving new bank charters would be well advised to revisit their guidelines ...","PeriodicalId":325346,"journal":{"name":"Management Research News","volume":"153 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2009-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"25","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Management Research News","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/01409170910962993","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 25
Abstract
Purpose – The purpose of this paper is to identify the characteristics of an entrepreneurial team that influence the likelihood a new venture will successfully launch.Design/methodology/approach – This paper uses a sample of prospective start‐up banks that applied for a charter application in Florida between 1996 and 2005. Logistic regression was used to test the hypotheses.Findings – Analysis suggests that entrepreneurial teams where: the CEO is strongly embedded into the team; no team member holds 10 per cent or more of the firm's total equity; team members have less rather than more industry experience; and more team members have prior founding experience, all point to a successful new venture launch.Research limitations/implications – This study focuses on start‐up success in a single industry and thus may not be generalizable to other research contexts.Practical implications – Results suggest that bank regulators in charge approving new bank charters would be well advised to revisit their guidelines ...