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The Impact of board composition and top management team ownership structure on post-IPO performance in young entrepreneurial firms

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We explore the relationship between the composition of boards of directors and firm performance in young, entrepreneurial firms having recently completed initial public offerings. In contrast to traditional agency theory prescriptions for board composition, we contend that boards of young firms having recently gone public are best comprised of a majority of original top management team (TMT) members, rather than independent outsiders. We anticipate that such board members possess valuable tacit knowledge of the firm and its entrepreneurial vision and are in the best position to provide oversight. We additionally expect that outside board members who serve on such boards should be directors who can provide resources that might prove useful to the original TMT in executing the firm's strategies, rather than emphasize their roles as monitors. Our results support our contentions regarding original TMT board participation, as well as our expectations concerning "advice and counsel" business experts..Printed journal

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Ketersediaan

Call Number	Location	Available
	PSB lt.dasar - Pascasarjana	1

Penerbit	Academy of Management.,
Edisi	-
Subjek	Organizational behavior Initial public offerings Boards of directors Correlation analysis Impact analysis studies Hypothesis testing
ISBN/ISSN	14273
Klasifikasi	-
Deskripsi Fisik	-
Info Detail Spesifik	-
Other Version/Related	Tidak tersedia versi lain
Lampiran Berkas	Tidak Ada Data