Technical Specialized Knowledge and Founder Leadership at Initial Public Offering

Eckhardt, J., Junkunc, M., & Li, M. (2018, September 24). Technical specialized knowledge and founder leadership at initial public offering. Entrepreneurship & Innovation Exchange. Retrieved March 18, 2019

Posted: 10 Apr 2019

See all articles by Jon Eckhardt

Jon Eckhardt

University of Wisconsin - Madison - Wisconsin Institute for Discovery; University of Wisconsin - Madison

Marc Junkunc

Washington and Lee University

Mingxiang Li

Florida Atlantic University

Date Written: September 24, 2018

Abstract

This study examines factors that influence the likelihood that founders hold executive level positions in firms at the point of Initial Public Offering (IPO). Our model is conceptually more comprehensive than existing work, as we develop theory that examines founder involvement across executive positions beyond the often-studied chief executive officer (CEO). We examine our hypotheses using a database that contains virtually all IPOs spanning an 11-year period when the IPO market was active. Our empirical evidence indicates that a surprising number of founders hold leadership positions in firms at IPO. The research shows that factors that predict founder succession differ across executive positions.

Suggested Citation

Eckhardt, Jonathan T and Junkunc, Marc and Li, Mingxiang, Technical Specialized Knowledge and Founder Leadership at Initial Public Offering (September 24, 2018). Eckhardt, J., Junkunc, M., & Li, M. (2018, September 24). Technical specialized knowledge and founder leadership at initial public offering. Entrepreneurship & Innovation Exchange. Retrieved March 18, 2019. Available at SSRN: https://ssrn.com/abstract=3355132

Jonathan T Eckhardt (Contact Author)

University of Wisconsin - Madison - Wisconsin Institute for Discovery ( email )

Madison, WI
United States

HOME PAGE: http://wid.wisc.edu/people/jon-eckhardt/

University of Wisconsin - Madison ( email )

716 Langdon Street
Madison, WI 53706-1481
United States

Marc Junkunc

Washington and Lee University ( email )

Lexington, VA 24450
United States

Mingxiang Li

Florida Atlantic University ( email )

Boca Raton, FL 33431
United States

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