Outside board human capital and early stage high-tech firm performance
- Author
- Elien Vandenbroucke (UGent) , Mirjam Knockaert (UGent) and Deniz Ucbasaran
- Organization
- 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.
- Keywords
- START-UPS, MANAGEMENT TEAM COMPOSITION, CORPORATE GOVERNANCE, PRODUCT INTRODUCTION, VENTURE BOARDS, DIVERSITY, TECHNOLOGY, DIRECTORS, INNOVATION, MARKET
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-5932878
- MLA
- Vandenbroucke, Elien, et al. “Outside Board Human Capital and Early Stage High-Tech Firm Performance.” ENTREPRENEURSHIP THEORY AND PRACTICE, vol. 40, no. 4, 2016, pp. 759–79, doi:10.1111/etap.12141.
- APA
- Vandenbroucke, E., Knockaert, M., & Ucbasaran, D. (2016). Outside board human capital and early stage high-tech firm performance. ENTREPRENEURSHIP THEORY AND PRACTICE, 40(4), 759–779. https://doi.org/10.1111/etap.12141
- Chicago author-date
- Vandenbroucke, Elien, Mirjam Knockaert, and Deniz Ucbasaran. 2016. “Outside Board Human Capital and Early Stage High-Tech Firm Performance.” ENTREPRENEURSHIP THEORY AND PRACTICE 40 (4): 759–79. https://doi.org/10.1111/etap.12141.
- Chicago author-date (all authors)
- Vandenbroucke, Elien, Mirjam Knockaert, and Deniz Ucbasaran. 2016. “Outside Board Human Capital and Early Stage High-Tech Firm Performance.” ENTREPRENEURSHIP THEORY AND PRACTICE 40 (4): 759–779. doi:10.1111/etap.12141.
- Vancouver
- 1.Vandenbroucke E, Knockaert M, Ucbasaran D. Outside board human capital and early stage high-tech firm performance. ENTREPRENEURSHIP THEORY AND PRACTICE. 2016;40(4):759–79.
- IEEE
- [1]E. Vandenbroucke, M. Knockaert, and D. Ucbasaran, “Outside board human capital and early stage high-tech firm performance,” ENTREPRENEURSHIP THEORY AND PRACTICE, vol. 40, no. 4, pp. 759–779, 2016.
@article{5932878, 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.}}, author = {{Vandenbroucke, Elien and Knockaert, Mirjam and Ucbasaran, Deniz}}, issn = {{1042-2587}}, journal = {{ENTREPRENEURSHIP THEORY AND PRACTICE}}, keywords = {{START-UPS,MANAGEMENT TEAM COMPOSITION,CORPORATE GOVERNANCE,PRODUCT INTRODUCTION,VENTURE BOARDS,DIVERSITY,TECHNOLOGY,DIRECTORS,INNOVATION,MARKET}}, language = {{eng}}, number = {{4}}, pages = {{759--779}}, title = {{Outside board human capital and early stage high-tech firm performance}}, url = {{http://doi.org/10.1111/etap.12141}}, volume = {{40}}, year = {{2016}}, }
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