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Outside Board Directors and Start-Up Firms’ Innovation
Boston College and DIW Berlin.
KTH Royal Institute of Technology.
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, Economics.ORCID iD: 0000-0001-5776-9396
KTH Royal Institute of Technology.
2018 (English)Report (Other academic)
Abstract [en]

We exploit increased access to detailed employer-employee data to assess whether outside board members affect innovation performance among start-up firms. Using data for all new limited companies in Sweden born during 1999–2013 which have no more then 10 employees when formed, we provide structural equation estimates that deal with the endogenous selection of board directors. Our empirical findings show that an increase in the board’s expertise, measured by the relative productivity of the firms where outsiders are employed, has a significant and positive impact on the new firm’s propensity to apply for both patents and trademarks.

Place, publisher, year, edition, pages
Stockholm: CESIS, Royal Institute of Technology , 2018. , p. 21
Series
Working Paper Series in Economics and Institutions of Innovation ; 468
Keywords [en]
Start-ups, outside directors, innovation, patents, trademarks, productivity, endogeneity
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-41028OAI: oai:DiVA.org:hj-41028DiVA, id: diva2:1233972
Available from: 2018-07-20 Created: 2018-07-20 Last updated: 2018-07-20Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf