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management buy-out journal buyout research business resource equity investment wright employee venture study capital company market performance manager effect knowledge control strategy network practice fi rms syndication change model commitment management practices level value table employment variable industry university venture capital firms board number relation system collaboration capability result process relationship country development activity ownership increase commitment investor governance funding opportunity export erasmus univ rotterdam researcher experience syndicate impact product quality theory analysis agency organization entrepreneur productivity measure capacity vc fi rms executive issue service entrepreneurship threshold fi rms threshold transaction