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

Kun Liu; Jun Li; William Hesterly; Albert Cannella

doi:10.1016/j.jbusres.2011.09.024

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

Kun Liu, Jun Li, William Hesterly, Albert Cannella

Management and Entrepreneurship

Research output: Contribution to journal › Article › peer-review

43 Scopus citations

Abstract

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.

Original language	English (US)
Pages (from-to)	1349-1356
Number of pages	8
Journal	Journal of Business Research
Volume	65
Issue number	9
DOIs	https://doi.org/10.1016/j.jbusres.2011.09.024
State	Published - Sep 2012

Keywords

Entrepreneurship
Organization life cycle
TMT
Technological invention

ASJC Scopus subject areas

Marketing

Access to Document

10.1016/j.jbusres.2011.09.024

Cite this

@article{953720d2fad44de7b54779f26bcfb856,

title = "Top management team tenure and technological inventions at post-IPO biotechnology firms",

abstract = "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.",

keywords = "Entrepreneurship, Organization life cycle, TMT, Technological invention",

author = "Kun Liu and Jun Li and William Hesterly and Albert Cannella",

year = "2012",

month = sep,

doi = "10.1016/j.jbusres.2011.09.024",

language = "English (US)",

volume = "65",

pages = "1349--1356",

journal = "Journal of Business Research",

issn = "0148-2963",

publisher = "Elsevier Inc.",

number = "9",

}

TY - JOUR

T1 - Top management team tenure and technological inventions at post-IPO biotechnology firms

AU - Liu, Kun

AU - Li, Jun

AU - Hesterly, William

AU - Cannella, Albert

PY - 2012/9

Y1 - 2012/9

N2 - 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.

AB - 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.

KW - Entrepreneurship

KW - Organization life cycle

KW - TMT

KW - Technological invention

UR - http://www.scopus.com/inward/record.url?scp=84861735180&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84861735180&partnerID=8YFLogxK

U2 - 10.1016/j.jbusres.2011.09.024

DO - 10.1016/j.jbusres.2011.09.024

M3 - Article

AN - SCOPUS:84861735180

SN - 0148-2963

VL - 65

SP - 1349

EP - 1356

JO - Journal of Business Research

JF - Journal of Business Research

IS - 9

ER -

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

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this