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Birds of a feather get lost together : new venture team composition and performance

Steffens, Paul R., Terjesen, Siri A., & Davidsson, Per (2012) Birds of a feather get lost together : new venture team composition and performance. Small Business Economics, 39(3), pp. 727-743.

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Abstract

This study explores the relationship between new venture team composition and new venture persistence and performance over time. We examine the team characteristics of a 5-year panel study of 202 new venture teams and new venture performance. Our study makes two contributions. First, we extend earlier research concerning homophily theories of the prevalence of homogeneous teams. Using structural event analysis we demonstrate that team members’ start-up experience is important in this context. Second, we attempt to reconcile conflicting evidence concerning the influence of team homogeneity on performance by considering the element of time. We hypothesize that higher team homogeneity is positively related to short term outcomes, but is less effective in the longer term. Our results confirm a difference over time. We find that more homogeneous teams are less likely to be higher performing in the long term. However, we find no relationship between team homogeneity and short-term performance outcomes.

Impact and interest:

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1 citations in Web of Science®

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ID Code: 47020
Item Type: Journal Article
Keywords: New Venture Teams, Homophily , Team Homogeneity , Team Heterogeneity , New Venture Performance
DOI: 10.1007/s11187-011-9358-z
ISSN: 0921-898X
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Deposited On: 16 Nov 2011 11:13
Last Modified: 06 Sep 2012 10:38

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