This study examines whether or not the perpetuation of an outgoing Founder-CEO’s social capital can be best explained by the theoretical notion of imprinting or institutionalization. Imprinting logic argues that the founder’s social capital will persist independent of whether or not the organization takes action to capture it. Institutionalization logic argues that the organization can replicate and revise the existing structure in an effort to capture the valuable social capital. Data was collected through interviews and case studies to understand how these logics manifest themselves in 38 venture-back companies. The data provide novel insights into the boundary conditions of the imprinting and institutionalization logics in regards to the transfer of a Founder-CEO’s social capital in a venture-backed startup undergoing its first succession.
THE STEVENS INSTITUTE OF TECHNOLOGY WESLEY J. HOWE AWARD FOR EXCELLENCE IN RESEARCH ON THE TOPIC OF CORPORATE ENTREPRENEURSHIP
Fund, Bret R.
"IMPRINTING OR INSTITUTIONALIZATION? EXAMINING HOW SOCIAL CAPITAL IS TRANSFERRED DURING FOUNDER-CEO SUCCESSIONS,"
Frontiers of Entrepreneurship Research: Vol. 33
, Article 1.
Available at: http://digitalknowledge.babson.edu/fer/vol33/iss10/1