Key points are not available for this paper at this time.
Javier Gimeno, Timothy B. Folta, Arnold C. Cooper, Carolyn Y. Woo, Survival of the Fittest? Entrepreneurial Human Capital and the Persistence of Underperforming Firms, Administrative Science Quarterly, Vol. 42, No. 4 (Dec., 1997), pp. 750-783
Gimeno et al. (Mon,) studied this question.