Survival after takeover entry: Effects of entrepreneurs' domain experience and knowledge acquisition behaviour
van Balen, T., de Regt, A., & de Jong, J. P. J. (2026)
International Small Business Journal, online first
Introduces a "liability of misfit" (inability to work with inherited organisational structures). 12 years of panel data on 903 entrepreneurs (Netherlands, EIM panel 1994 to 2005, per the article's data section); discrete-time hazard models. Lacking industry and functional experience raises exit risk after takeover entry; post-entry knowledge acquisition can compensate. Limitations read directly: data predate digitalisation, measures are self-reported, and liquidity and access to external finance are unobserved.
Sourcedoi:10.1177/026624262614704030 citations (OpenAlex)