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

Timothy Kiessling; Justin B Craig

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

Timothy Kiessling, Justin B Craig

Bond Business School

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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 language	English
Pages	527-540
Number of pages	14
Publication status	Published - 2008
Event	Australian Graduate School of Entrepreneurship (AGSE) International Entrepreneurship Research Exchange - Swinburne University of Technology, Melbourne, Australia Duration: 1 Jan 2008 → 1 Jan 2008 Conference number: 5th

Conference

Conference	Australian Graduate School of Entrepreneurship (AGSE) International Entrepreneurship Research Exchange
Abbreviated title	AGSE IERE
Country/Territory	Australia
City	Melbourne
Period	1/01/08 → 1/01/08

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title = "New venture growing pains: When being acquired is an appropriate remedy",

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.",

author = "Timothy Kiessling and Craig, {Justin B}",

note = "{\textcopyright} Copyright Timothy Kiessling & Justin Craig, 2008; Australian Graduate School of Entrepreneurship (AGSE) International Entrepreneurship Research Exchange, AGSE IERE ; Conference date: 01-01-2008 Through 01-01-2008",

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T1 - New venture growing pains

T2 - Australian Graduate School of Entrepreneurship (AGSE) International Entrepreneurship Research Exchange

AU - Kiessling, Timothy

AU - Craig, Justin B

N1 - Conference code: 5th

PY - 2008

Y1 - 2008

N2 - 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.

AB - 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.

M3 - Paper

SP - 527

EP - 540

Y2 - 1 January 2008 through 1 January 2008

ER -

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

Abstract

Conference

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