The persistence of founder influence: management, ownership, and performance effects at initial public offering

By Teresa Nelson. 2003

485 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/b5313034af6aba1023b16123cbfdc0370678f4db

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Economics and Econometrics

Citations in the corpus

Completing the technology transfer process: M&As of science-based IPOs (2012, unknown): “Such signals include corporate governance characteristics (Certo 2003), upper echelon prestige (Pollock and Gulati 2007), founder presence (Nelson 2003), and winning certification contests (Rao 1994).”
Experience-Based Human Capital and Social Capital of Outside Directors (2009, unknown): “Research indicates that founder managers contribute to entrepreneurial firm performance and survival beyond the initial startup phase (e.g., Chandler & Hanks, 1998; Fischer & Pollock, 2004; Kor, 2003; Nelson, 2003).”
Economic and Technological Importance of Innovations in Large Family and Founder Firms (2013, background): “Nelson (2003) explains that founder executives are often focal points in organizations: they are deeply committed to firms, provide their extensive knowledge and experience, actively shape the firm’s future.”
The Use of Limited Dependent Variable Techniques in Strategy Research: Issues and Methods (2009, background): “CEO/Chair duality ( Nelson, 2003 ); and whether or not a new CEO differs from his predecessor”
Doing More with Less: Innovation Input and Output in Family Firms (2016, unknown): “Founder CEOs as “ focal points ” (Nelson, 2003) of their organizations possess this kind of knowledge because they have known the business since its inception.”
Boards, CEOS, and Surviving a Financial Crisis: Evidence from the Internet Shakeout (2011, background): “Most company founders remain significantly involved during the firm’s transformation from being privately held to being publicly traded: a majority of firms go public with a founder-CEO (Nelson, 2003).”
IPO Research in Management and Entrepreneurship: Moving the Agenda Forward (2009, background): “Similarly, research suggests that the presence of one or more founders sends a valuable signal to investors of a firm’s potential value (Fischer & Pollock, 2004; Nelson, 2003).”
Corporate Governance and Investors' Perceptions of Foreign IPO Value: An Institutional Perspective (2014, methodology): “Finally, Nelson (2003) found that firms managed by founder CEOs are likely to receive a higher percentage price premium at IPO.”
How much prestige is enough? Assessing the value of multiple types of high-status affiliates for young firms (2010, background): “Prior research suggests that having a founder-CEO can influence IPO valuations (Certo et al., 2001; Nelson, 2003).”
Managerial Agents Watching other Agents: Multiple Agency Conflicts Regarding Underpricing in IPO Firms (2008, background): “Nelson (2003) noted that this commitment by founders in particular may act as an antiagency cost.”
Governance, ownership structure, and performance of IPO firms: The impact of different types of private equity investors and institutional environments (2009, methodology): “In line with Nelson (2003), the first measure was the percent price premium [(offer price – book value per share)/offer price], which assesses investor optimism about the future value of IPO firms.”
Standing out from the crowd: the visibility-enhancing effects of IPO-related signals on alliance formation by entrepreneurial firms (2007, background): “, 2003; Sanders and Boivie, 2004), founder presence (Nelson, 2003), software preannouncements (Hoxmeier, 2000), celebrity endorsements (Dean and Biswas, 2001), winning certification contests (Rao, 1994; Wade et al.”