Team formation processes in new ventures

Lukas Held*, Andrea M. Herrmann, Allard van Mossel

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

While entrepreneurship research theorizing about the team formation in start-up ventures exists, such studies mostly focus on different outcomes of team formation, for example the number of employees. Questions about how team formation processes unfold and the factors, such as labor-market institutions, influencing their evolvement remain unanswered. To address this research gap, we analyze the venture creation processes of 344 ventures in Germany and the USA, offering particularly typical examples of countries with regulated and deregulated labor-market institutions respectively. Based on optimal matching techniques, we illustrate how team formation processes differ over time in terms of founder and employee involvement and the hiring of service providers. Furthermore, we use binary logistic regressions to identify the extent to which national labor-market institutions account for these differences.

Original languageEnglish
Pages (from-to)441-464
Number of pages24
JournalSmall Business Economics
Volume51
Issue number2
DOIs
Publication statusPublished - Aug 2018

Keywords

  • Entrepreneurship
  • Labor-market institutions
  • New venture creation
  • Optimal matching
  • Team formation
  • Varieties-of-capitalism

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