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

机译:首次公开募股后生物技术公司的最高管理团队任期和技术发明

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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.
机译:我们研究了最高管理团队(TMT)如何促进发明绩效。我们使用1980年至1997年间185家发行首次公开​​募股(IPO)的生物技术公司的样本来检验我们的假设。我们预测TMT创始人的百分比与发明绩效呈倒U型关系。公司内部平均任期将与发明绩效负相关,而竞争对手或行业以外的TTM成员平均经验将与发明绩效正相关。最后,诸如公司规模和公司年龄之类的背景因素可缓解TMT经验对发明绩效的影响。

著录项

  • 来源
    《Journal of Business Research》 |2012年第9期|1349-1356|共8页
  • 作者单位

    Department of Management and Information Systems, Wayne State University, Detroit, Ml 48202, United States;

    Department of Management, University of New Hampshire, Durham, NH 03824, United States;

    Department of Management University of Utah, 1645E Campus Ctr. Dr. Salt Lake City, UT84112, United States;

    Coldring-Woldenberg Hall, 7 McAlister Drive, Tulane University, New Orleans, LA 70118, United States;

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  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    TMT; organization life cycle; technological invention; entrepreneurship;

    机译:TMT;组织生命周期;技术发明创业精神;

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