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Founder effectiveness in leveraging entrepreneurial orientation

Fariss‐Terry Mousa (Department of Management, James Madison University, Harrisonburg, Virginia, USA)
William Wales (Department of Management, James Madison University, Harrisonburg, Virginia, USA)

Management Decision

ISSN: 0025-1747

Article publication date: 2 March 2012




This paper aims to explore the effects of entrepreneurial orientation (EO) on firm survival and examine whether founder chief executive officers (CEOs) are more effective than other types of managers at utilizing entrepreneurial orientation at initial public offerings (IPOs).


Using survival analysis the authors investigate the effects of EO on firm survival as well as the moderating role of founder CEOs.


The results suggest that EO increases post‐IPO survival. Further, founder‐CEOs moderate the EO‐survival relationship.


The paper shows that entrepreneurial orientation enhances long‐term survival in IPO firms. Survival is an important, though generally overlooked consideration in EO research. The paper also concludes that firms with founder CEOs are more likely to value and implement EO. Finally, the paper addresses calls for greater use of secondary measures of EO.



Mousa, F. and Wales, W. (2012), "Founder effectiveness in leveraging entrepreneurial orientation", Management Decision, Vol. 50 No. 2, pp. 305-324.



Emerald Group Publishing Limited

Copyright © 2012, Emerald Group Publishing Limited

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