Founder influences on the development of organizations: A comparison between founder and non‐founder managed Russian firms

The paper deals with the problem of founders’ impact on the process of organizational development and performance. The goal of the research is to provide a comparative analysis of activity in founder‐run and non‐founder‐run Russian firms. In order to run this analysis 224 companies created from scratch by Russian entrepreneurs in the period of years from 1992 to 1998 were studied. Statistical analyses were performed on two independent samples of companies, namely 162 companies managed by the founders and 62 companies that were run by hired professional managers. As a result of the analysis, statistical differences were found in relation to the criteria of number of employees and hierarchical levels; firms managed by founders usually have less staff and fewer hierarchical levels than the non‐founder companies. Nevertheless the dynamics in sales of the two samples of founder and non‐founder companies during the last 3 years were quite similar. First published online: 14 Oct 201

Industry choice by young entrepreneurs in different country settings: the role of human and financial capital

Entrepreneurial entry happens as a consequence of a general choice of an individual to become an entrepreneur. While most entrepreneurial entry studies rarely consider an industry choice to be an aspect of entrepreneurial decision making process, we address this issue taking into account individual, industrial, and country specific attributes. Using data from the Global University Entrepreneurial Spirit Students’ Survey (2013–2014) on young nascent entrepreneurs and extending it with objective indicators derived from World Bank, Global Entrepreneurship Monitor, and International Property Rights Index datasets, we investigate how various factors impact the choice between knowledge-intensive and capital-intensive industries. Drawing on the RBV and contingency approach, we link an industry choice to the level of human capital development and access to financial capital testing for possible country-specific moderation effects. Our study contributes to entrepreneurial entry research stream extending the understanding of entrepreneurial entry decision making nuances related to individual access to resources and both industryand country-level contingencies

Founder influences the development of organizations: A comparison between founder and non-founder managed Russian firms

The paper deals with the problem of founders' impact on the process of organizational development and performance. The goal of the research is to provide a comparative analysis of activity in founder-run and non-founder-run Russian firms. In order to run this analysis 224 companies created from scratch by Russian entrepreneurs in the period of years from 1992 to 1998 were studied. Statistical analyses were performed on two independent samples of companies, namely 162 companies managed by the founders and 62 companies that were run by hired professional managers. As a result of the analysis, statistical differences were found in relation to the criteria of number of employees and hierarchical levels; firms managed by founders usually have less staff and fewer hierarchical levels than the non-founder companies. Nevertheless the dynamics in sales of the two samples of founder and non-founder companies during the last 3 years were quite similar.http://www.jbem.vgtu.lt/en/lt/3/NR/PUB/1321

Factors influencing founder-CEO succession: The examples of CIS and CEE countries

The paper is dedicated to the problem of management succession from owner to CEO. The main aim of the paper was to analyze the impact of various factors on the succession process that are noted in the countries with transition economies including institutional influence on the succession process. The authors tested several hypotheses considering the influence of the illegal payments and perception of the legal system by the decision maker on the succession. The hypothesis considering the influence of the audit on the succession decision was confirmed. The analysis was applied to the data collected by The World Bank Group in 2005. The sample included data about 4701 enterprises from 27 countries of CEE and CIS.