Outside Board Human Capital and Early Stage High‐Tech Firm Performance

21 Pages Posted: 6 Jul 2016

See all articles by Elien Vandenbroucke

Elien Vandenbroucke

Ghent University

Deniz Ucbasaran

University of Nottingham

Mirjam Knockaert

Vlerick Business School

Date Written: July 2016

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.

Suggested Citation

Vandenbroucke, Elien and Ucbasaran, Deniz and Knockaert, Mirjam, Outside Board Human Capital and Early Stage High‐Tech Firm Performance (July 2016). Entrepreneurship Theory and Practice, Vol. 40, Issue 4, pp. 759-779, 2016, Available at SSRN: https://ssrn.com/abstract=2804812 or http://dx.doi.org/10.1111/etap.12141

Elien Vandenbroucke (Contact Author)

Ghent University ( email )

Coupure Links 653
Gent, 9000
Belgium

Deniz Ucbasaran

University of Nottingham ( email )

University Park
Nottingham, NG8 1BB
United Kingdom

Mirjam Knockaert

Vlerick Business School ( email )

Library
REEP 1
Gent, BE-9000
Belgium

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