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| Author: | Wasserman, N. |
| Title: | Founder-CEO Succession and the Paradox of Entrepreneurial Success |
| Journal: | Organization Science
2003 : MAR-APR, VOL. 14:2, p. 149-172 |
| Index terms: | ENTREPRENEURSHIP TOP MANAGEMENT VENTURE CAPITAL FINANCE PRIVATE COMPANIES INFORMATION TECHNOLOGY |
| Language: | eng |
| Abstract: | In order to examine Founder-CEO succession, the author used field research and grounded theory building to study the factors that should affect Founder-CEO succession in Internet start-ups. The author finds that there are two central intertemporal events that may affect Founder- CEO succession. The author develops testable hypotheses about how each of these events affect the rate of succession, and then tests these hypotheses using an event- history analysis of a unique dataset containing the succession histories of 202 Internet firms. The findings point to multiple "paradoxes of success" in which the Founder-CEO's success at achieving critical milestones actually causes the chance of Founder-CEO succession to rise dramatically. |
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