For­schungs­kol­lo­qui­en des INCHER-Kassel: Quit­ters: What dri­ves exits from en­tre­pre­neu­ri­al teams?

We study team stability in large sample of top management teams in young firms. We test hypotheses regarding drivers of exit of individual team members from the team. We find that investor entry and firm performance are important factors explaining management team churn. We also find that female team members are more likely to drop out, but that this can be traced back to differences in equity holdings rather than family reasons, individual preferences, or personality traits.

Professorin Dr. Hanna Hottenrott
TUM School of Management, Technische Universität München, München

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