Author(s): KyungMoon Kim
This research is an integrated investigation on the impact of the characteristics of founding team on firm performance in IPO firms. It also examines the moderating effect of the type of strategies on the relationship between founding team knowledge and IPO firms' performance. The empirical results show that the breadth of founding team industry experience and entrepreneurial experience leads to better performance. The depth of founding team education, industry experience, and entrepreneurial experience is positively associated with firm performance. Most importantly, differentiation strategy moderates the relationship between the breadth of founding team education and firm performance in IPO firms. Implications on the roles of the founding team knowledge and the interaction impact of business strategies are discussed.