Teams that Work Together, Stay Together: Resiliency of Entrepreneurial Teams

Kim, Phillip H.; Aldrich, Howard E.

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Teams that Work Together, Stay Together: Resiliency of Entrepreneurial Teams

Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006

11 Pages Posted: 28 Feb 2011

See all articles by Phillip H. Kim

Phillip H. Kim

University of North Carolina (UNC) at Chapel Hill - Department of Sociology; now Publishers Inc.

Howard E. Aldrich

University of North Carolina (UNC) at Chapel Hill - Department of Sociology; University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School

Date Written: 2006

Abstract

In this paper, we extend our previous research by investigating the stability of start-up teams and its impact on reaching operating status. Using the Panel Study of Entrepreneurial Dynamics (PSED), we analyze a nationally representative cohort of nascent entrepreneurs over three observation periods. We measure start-up team stability based on team members being added, replaced, or dropped. We also track team gender and racial composition over time. Confirming our previous findings about the role of homophily, we find active start-up teams to be relatively stable in their gender and racial composition. Further, we show that stable start-up teams are slightly more likely to achieve operational status.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation: Suggested Citation

Kim, Phillip H. and Aldrich, Howard E., Teams that Work Together, Stay Together: Resiliency of Entrepreneurial Teams (2006). Babson College, Babson Kauffman Entrepreneurship Research Conference (BKERC), 2002-2006, Available at SSRN: https://ssrn.com/abstract=1768134