2018
DOI: 10.1007/s11187-018-0029-1
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Business owners, employees, and firm performance

Abstract: The novel Finnish Longitudinal OWNer-Employer-Employee (FLOWN) database was used to analyze how the characteristics of owners and employees relate to firm performance as determined by labor productivity, survival and employment growth. Focusing on the role of the owner's formal education and previous experience as an employee, the results show that previous experience in a high-productivity firm strongly predicts high productivity and probability of survival for the entrepreneur's new firm. This can be interpr… Show more

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Cited by 20 publications
(15 citation statements)
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“…He identified four participative methods, which managers most likely apply. (Maliranta and Nurmi, 2019) i. Delegation: it means the transfer of authority from the superiors to the subordinates ii. Committee Action: Committees are a vital mean of continually gaining inputs from a large number of organizational members.…”
Section: Literature Reviewmentioning
confidence: 99%
“…He identified four participative methods, which managers most likely apply. (Maliranta and Nurmi, 2019) i. Delegation: it means the transfer of authority from the superiors to the subordinates ii. Committee Action: Committees are a vital mean of continually gaining inputs from a large number of organizational members.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Changing the unit of analysis to ownership instead of company (see Fellman and Leino-Kaukiainen 2006) might yield interesting results. Although firm ownership data is becoming increasingly available (Maliranta and Nurmi 2018), data collection remains challenging and complex, as indicated in this study. The methodological challenge is also linked to the identification and definition of a family business and, in the case of this study, family business groups in particular.…”
Section: Discussionmentioning
confidence: 99%
“…In contrast to Coad and Storey's (2021) arguments, many scholars maintain that new venture survival is not simply a matter of economic and/or financial reasons (De Cock et al., 2020; Gimmon & Levie, 2010; Kato & Honjo, 2015; Khelil, 2016; Maliranta & Nurmi, 2019; van Praag, 2003; Wennberg, 2009; Wilson et al., 2014), acknowledging the importance of psychological and subjective aspects that influence survival (De Cock et al., 2020; DeTienne et al., 2008; Gimeno et al., 1997; Lee & Lee, 2015; Stenholm & Renko, 2016). For example, the recent work by De Cock et al.…”
Section: Survival Beyond Economic Reasons: the Role Of Emotions And Cognition In New Ventures’ Survivalmentioning
confidence: 94%