@article{8702397,
  abstract     = {{This study investigates the board of directors’ contribution to opportunity development in high-tech ven- tures. Based on the dynamic managerial capabilities per- spective, we argue that more experienced boards will con- tribute more to opportunity development. Furthermore, building on the attention-based view, we argue that this effect will be moderated by structural and situational factors that affect board members’ attention to the venture’s op- portunity development process. Using hand-collected data on 179 high-tech ventures in Belgium, we find that board experience has a stronger relationship with the board’s contribution to opportunity development when board size decreases, when board tenure increases and when the ven- ture underperforms. These findings offer a contribution to the literature on opportunity development in new ventures and to research on the boards of directors’ role in new ventures. They also have important implications for entre- preneurs who are trying to develop opportunities and their stakeholders.}},
  author       = {{Roelandt, Jolien and Andries, Petra and Knockaert, Mirjam}},
  issn         = {{0921-898X}},
  journal      = {{SMALL BUSINESS ECONOMICS}},
  keywords     = {{Opportunity development,Board of directors,High-tech ventures,Dynamic managerial capabilities perspective,Attention-based view}},
  language     = {{eng}},
  number       = {{3}},
  pages        = {{1627--1645}},
  title        = {{The contribution of board experience to opportunity development in high-tech ventures}},
  url          = {{http://doi.org/10.1007/s11187-021-00460-1}},
  volume       = {{58}},
  year         = {{2022}},
}

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