Founder Turnover and Organizational Change

Both authors contributed equally and are listed in alphabetical order. The authors thank Tristan Botelho, Dylan Boynton, Yo-Jud Cheng, Sung-Hun Chung, Shelby Gai, Cheng Gao, Oliver Hahl, Olenka Kacperczyk, Matt Marx, Kate Odziemkowska, Ethan Poskanzer, Amanda Sharkey, and Ezra Zuckerman Sivan as well as audience members at Cornell University, Korea Advanced Institute of Science & Technology, the University of Illinois at Urbana–Champaign, the University of Pennsylvania, the Academy of Management, the Strategic Management Society, the West Coast Research Symposium, and the Wharton People and Organizations Conference. The authors also thank three reviewers and senior editor Deepak Hegde for helpful comments and guidance. Any opinions and conclusions expressed herein are those of the author(s) and do not represent the views of the U.S. Census Bureau or its staff. The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data used to produce this product (Data Management System no. P-7508669; Disclosure Review Board approval nos. CBDRB-FY20-CED006-0019, CBDRB-FY20-CED006-0033, CBDRB-FY21-CED006-0015, CBDRB-FY22-CED006-0024, and CBDRB-FY23-CED006-0006).