New venture growing pains: When being acquired is an appropriate remedy

Timothy Kiessling, Justin B Craig

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Abstract

Our empirical research explores acquisitions of small entrepreneurial firms with a focus on the entrepreneurial management team (EMT) of the target firm. Utilizing the theoretical foundations of Resource Based View and Contract Theory we explore the dynamics of post acquisition performance of the target firm and the retention of the EMT. While controlling for firm size, type of purchase, ownership of target firm and industry dynamics, our results of a questionnaire survey of acquiring firms' top managers suggest that transfer or development of the implicit contract with the target firms' EMT positively affect both retention and performance.
Original languageEnglish
Pages527-540
Number of pages14
Publication statusPublished - 2008
EventAustralian Graduate School of Entrepreneurship (AGSE) International Entrepreneurship Research Exchange - Swinburne University of Technology, Melbourne, Australia
Duration: 1 Jan 20081 Jan 2008
Conference number: 5th

Conference

ConferenceAustralian Graduate School of Entrepreneurship (AGSE) International Entrepreneurship Research Exchange
Abbreviated titleAGSE IERE
CountryAustralia
CityMelbourne
Period1/01/081/01/08

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Kiessling, T., & Craig, J. B. (2008). New venture growing pains: When being acquired is an appropriate remedy. 527-540. Paper presented at Australian Graduate School of Entrepreneurship (AGSE) International Entrepreneurship Research Exchange, Melbourne, Australia.