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Outside board human capital and early stage high-tech firm performance

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Vandenbroucke, Elien, Knockaert, Mirjam and Ucbasaran, Deniz (2016) Outside board human capital and early stage high-tech firm performance. Entrepreneurship Theory and Practice , 40 (4). pp. 759-779. doi:10.1111/etap.12141

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Official URL: http://dx.doi.org/10.1111/etap.12141

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Abstract

Early stage high-tech firms are confronted with a number of challenges related to the homogeneous and technical nature of the start-up team. Attracting outside board members can alleviate these challenges and consequently enhance firm performance. Building on team production and human capital theory, we study how outside board human capital affects technological and market performance. Our results, based on a longitudinal panel data set consisting of 562 firm-year observations in 80 young high-tech ventures in Belgium, show that outside board-specific experience, diversity, and tenure are important determinants of firm performance. We discuss implications for research and practice.

Item Type: Journal Article
Divisions: Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management
Faculty of Social Sciences > Warwick Business School
Journal or Publication Title: Entrepreneurship Theory and Practice
Publisher: Wiley-Blackwell Publishing Ltd.
ISSN: 1042-2587
Official Date: 4 July 2016
Dates:
DateEvent
4 July 2016Available
30 October 2014Available
2014Accepted
Volume: 40
Number: 4
Page Range: pp. 759-779
DOI: 10.1111/etap.12141
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access

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