Explores the effects of the events surrounding the founding of a firm on its subsequent strategic choices and long-term development. Theorists write about how the beliefs and attitudes of the entrepreneur or the environment conditions at time of founding leave imprints on the firm or leave...

Factors that result in managerial changes in new firms are discussed, and compared with what is known about large firm succession.More specifically, the effects of firm growth, strategic change, various levels of ownership, board independence, and current top management characteristics on...