Corporate governance in immigrant-founded entrepreneurial firms: ownership heterogeneity and firm performance

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dc.contributor.authorMoghaddam, Kaveh
dc.contributor.authorJudge, William Q.
dc.contributor.authorLewellyn, Krista B.
dc.contributor.authorAskarzadeh, Fatemeh
dc.date.accessioned2023-03-17T06:38:38Z
dc.date.available2023-03-17T06:38:38Z
dc.date.issued2023-02
dc.description.abstractDrawing from resource dependence theory and the faultlines perspective, this study examines how ownership heterogeneity affects firm performance in the understudied context of entrepreneurial firms founded by immigrants. We find that investment by venture capitalists (VCs) is associated with immigrant-founded entrepreneurial firms being less profitable during their infancy stage. Our results also reveal that the presence of a native-born co-owner has a negative effect on performance for these entrepreneurial firms. This study suggests that immigrant entrepreneurs be more cautious about the costs and benefits of seeking resources from VCs and partnering with native co-owners. Further, seeking capital from alternative sources and employing native talent and expertise in terms of business advisers or executive managers may be effective alternative approaches for immigrant entrepreneurs. [ABSTRACT FROM AUTHOR] Copyright of Venture Capital is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
dc.identifier.citationMoghaddam, K., Judge, W. Q., Lewellyn, K. B., & Askarzadeh, F. (2023). Corporate governance in immigrant-founded entrepreneurial firms: ownership heterogeneity and firm performance. Venture Capital, 1–25. https://doi.org/10.1080/13691066.2023.2177208
dc.identifier.doihttps://doi.org/10.1080/13691066.2023.2177208
dc.identifier.issn13691066
dc.identifier.urihttps://hdl.handle.net/11416/999
dc.identifier.urihttps://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=bth&AN=161880629&site=eds-live&scope=site&custid=s5615486
dc.language.isoen_US
dc.publisherVenture Capital
dc.subject.lcshCorporate governance
dc.subject.lcshEntrepreneurship
dc.subject.otherResource dependence
dc.subject.otherFaultlines
dc.subject.otherOwnership heterogeneity
dc.titleCorporate governance in immigrant-founded entrepreneurial firms: ownership heterogeneity and firm performance
dc.typeArticle

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