The service role of outside boards in high tech start-ups : a resource dependency perspective
Knockaert, Mirjam and Ucbasaran, Deniz. (2011) The service role of outside boards in high tech start-ups : a resource dependency perspective. British Journal of Management, Volume 24 (Number 1). pp. 69-84. ISSN 1045-3172Full text not available from this repository.
Official URL: http://dx.doi.org/10.1111/j.1467-8551.2011.00787.x
Despite growing interest in the board of directors of entrepreneurial firms, the role of outside board members in high tech start-ups has been largely neglected. This dearth of research is surprising since the high level of resource dependency these ventures face is likely to heighten the potential contribution outside board members can make. We argue that, for high tech start-ups, the service role the board plays will be crucial in overcoming resource dependencies. In contrast to existing studies that tie the outside boards’ servicing role to board characteristics, we propose that greater attention needs to be paid to the resource profile of the venture. Building on resource dependency theory, we find that the extent to which the outside board members fulfil a service role is dependent on the initial human, financial and technological resource base of the entrepreneurial venture. Specifically, we find that ventures with less diversified teams, teams with lower levels of R&D experience and higher levels of financial experience and ventures earlier in the technological development process receive higher levels of support from the outside board.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor|
|Divisions:||Faculty of Social Sciences > Warwick Business School > Centre for Small & Medium-Sized Enterprises
Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management
Faculty of Social Sciences > Warwick Business School
|Journal or Publication Title:||British Journal of Management|
|Publisher:||Wiley-Blackwell Publishing Ltd.|
|Page Range:||pp. 69-84|
|Access rights to Published version:||Restricted or Subscription Access|
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