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Governance for Innovation – Board Leadership and Value Creation in Entrepreneurial Firms
Halmstad University, School of Business, Engineering and Science, Centre for Innovation, Entrepreneurship and Learning Research (CIEL). University of Borås, Borås, Sweden.ORCID iD: 0000-0003-3420-2391
2016 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This dissertation has identified, developed and empirically tested concepts associated with the capacity of chairpersonship to promote innovation in entrepreneurial small and medium-sized enterprises (SMEs). A multi-methodological approach is applied in five studies, comprising a systematic literature review, three empirical studies and a concluding conceptual paper.

The dissertation focuses on how the chairperson of the board of directors influences value creation in entrepreneurial SMEs. Value creation in this context is about the performance of strategic leaders at entrepreneurial firms’ upper echelons in acting and making strategic choices aimed at increasing firms’ capability to engage in innovation. Innovation is defined as the generation and/or adoption of an idea or behaviour, relating to a product, service, device, system, policy or program, which is new to the adopting organization.

Innovation has been widely recognized as a concept central to economic growth and societal development. Governance is widely recognized as essential for the support and development of innovations in firms. However, the academic literature is scarce regarding how the chairperson of the board can contribute to and promote innovation in SMEs.

This dissertation offers theoretical and empirical insights into how the chairperson of the board of directors influences value creation in entrepreneurial SMEs. In this respect, the dissertation offers a conceptual framework and a research model for understanding board leadership in promoting innovation in entrepreneurial SMEs. The framework and research model emphasize the behavioural aspects of board leadership and show how these are related to the development of entrepreneurial SMEs.

Furthermore, the findings in this dissertation provide actionable knowledge for practitioners and policymakers. In this respect, the dissertation contributes theoretical and empirical understandings of the benefits of employing external chairpersons with relevant knowledge and experience in SMEs. These insights also provide practitioners with advice on the qualifications and processes that can help them to develop innovation-promoting boards.

Place, publisher, year, edition, pages
Halmstad: Halmstad University Press, 2016. , 256 p.
Series
Halmstad University Dissertations, 22
Keyword [en]
governance, board of director, chairperson, board leadership, entrepreneurial firm, innovation, value creation, SME
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hh:diva-31676Libris ID: 19763297ISBN: 978-91-87045-47-9 (print)ISBN: 978-91-87045-46-2 (print)OAI: oai:DiVA.org:hh-31676DiVA: diva2:949540
Public defence
2016-08-29, O125, Linjegatan 12, Halmstad, 10:00 (English)
Opponent
Supervisors
Available from: 2016-07-29 Created: 2016-07-20 Last updated: 2017-05-16Bibliographically approved
List of papers
1. Developments and Trends in Research on Board Leadership: A Systematic Literature Review
Open this publication in new window or tab >>Developments and Trends in Research on Board Leadership: A Systematic Literature Review
2014 (English)In: International Journal of Business Governance and Ethics, ISSN 1477-9048, E-ISSN 1741-802X, Vol. 9, no 3, 243-268 p.Article in journal (Refereed) Published
Abstract [en]

This paper presents a systematic literature review of 139 articles on board leadership that were published in business and management journals since 1980s. Journal names, author country affiliations, topics and focus levels, theories, empirical contexts, and methodologies are presented and analysed. We also assemble and analyse this data thematically in order to identify and frame developments and trends in researchers ideas on board leadership. This analysis provides guidance for researchers by identifying different research streams on board leadership. The analysis may also serve as basis for theory development in board leadership research that can inform policymaking and best practice recommendations. Copyright © 2014 Inderscience Enterprises Ltd.

Place, publisher, year, edition, pages
Olney: InderScience Publishers, 2014
Keyword
Board leadership, board of directors, chairperson, CEO duality, corporate governance
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-26388 (URN)10.1504/IJBGE.2014.064739 (DOI)2-s2.0-84907044878 (Scopus ID)
Note

This paper is a revised and expanded version of a paper entitled ‘From duality to dynamics: past, present and future in research on board leadership’ presented at EURAM 2012, Rotterdam, The Netherlands, 6th–8th June 2012.

Available from: 2014-09-06 Created: 2014-09-06 Last updated: 2017-12-05Bibliographically approved
2. What do non-executive chairpersons do in owner-managed firms? – evidence from Sweden
Open this publication in new window or tab >>What do non-executive chairpersons do in owner-managed firms? – evidence from Sweden
2015 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

The board of directors is often emphasized as an untapped resource in small and medium enterprises (SMEs). However, literature and research addressing issues of boards and governance has by tradition focused on large publicly held corporations while leaving the SME context largely unexplored. In this study, the aim is to examine how board leadership and the external chairperson may contribute to value creation in owner managed SMEs. More specifically, this study adopts a process perspective by looking at the role of the external board chairperson in owner-managed SMEs and how this role is carried out by the chairperson by engaging in different tasks and interpreted by the owner-managers. The study is based on a case study and interviews with chairpersons, board members and owners of two owner-managed SMEs. The tasks and processes of the board of directors in SMEs are thus discussed. The leadership responsibility of the board is in the center of attention and an eclectic theoretical perspective is applied to the discussion. Findings provide theoretical and practical insights into chairperson’s task involvement in owner managed SMEs. Suggestions about implications and further research are presented.

Keyword
Owner-managed firms, chairpersonship, chairperson, task, board of directors, SME, board leadership
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-31641 (URN)
Conference
European Academy of Management (EURAM 2015), Kozminski University, Warsaw, Poland, 17-20 June, 2015
Available from: 2016-07-14 Created: 2016-07-14 Last updated: 2016-07-29Bibliographically approved
3. Corporate governance and innovation in small entrepreneurial firms: The board chairperson’s role
Open this publication in new window or tab >>Corporate governance and innovation in small entrepreneurial firms: The board chairperson’s role
2016 (English)Manuscript (preprint) (Other academic)
Keyword
SME, governance, chairperson
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-31639 (URN)
Note

Som manuskript i avhandling. As manuscript in dissertation.

Available from: 2016-07-14 Created: 2016-07-14 Last updated: 2016-07-29Bibliographically approved
4. The chairperson and board strategy involvement in SMEs
Open this publication in new window or tab >>The chairperson and board strategy involvement in SMEs
2015 (English)Conference paper, Oral presentation only (Refereed)
Abstract [en]

For decades boards of directors have been strongly encouraged to take on an active strategy role. However, while such behaviour is generally seen as an indicator of board effectiveness much is still unknown about drivers of board strategic involvement. This is particularly true for small and medium sized enterprises (SMEs) that make up around 95 percent of all business enterprises. A critical issue when setting up a board of directors in SMEs relate to the chairperson position. In this study we seek to contribute to scholarly research and literature on actual board behaviour in SMEs by examining whether and how the experience and leadership efficacy of the chairperson influence the extent to which the board of directors are involved in setting the strategic direction of the firm. We rely on questionnaire data collected from multiple respondents in 324 Norwegian SMEs. The variables used are based on validated scales related to behavioral aspects of actual board work developed by corporate governance scholars. We use multiple regression analysis to test our hypotheses. Overall, we find that the board experience and leadership efficacy of the chairperson has a positive and significant effect on the extent to which the board of directors are involved in strategy in SMEs. To this end, our findings suggest that chairperson behaviours have a greater impact compared to structural leadership conditions in explaining board outcomes in SMEs.

Keyword
Chairperson, board of directors, strategy involvement, SMEs
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-29970 (URN)
Conference
International Corporate Governance Society (ICGS) Inaugural Conference, Copenhagen, Denmark, 18-19 September, 2015
Available from: 2015-12-08 Created: 2015-12-08 Last updated: 2016-07-29Bibliographically approved
5. Chairperson leadership and entrepreneurial strategic posture in SMEs: a conceptual framework and research model
Open this publication in new window or tab >>Chairperson leadership and entrepreneurial strategic posture in SMEs: a conceptual framework and research model
2016 (English)Conference paper, Oral presentation only (Refereed)
Abstract [en]

This paper outlines a conceptual framework with a research model for understanding innovation-promoting board leadership in entrepreneurial small and medium-sized enterprises (SMEs). The framework and research model depict the behavioural aspects of board leadership and how these are related to strategy development and the entrepreneurial strategic posture of entrepreneurial SMEs. Engaging in innovation is identified as a fundamental strategic posture in entrepreneurial SMEs. The advantages of a team production perspective on board leadership embedded in behavioural theories are discussed, as are the theoretical and managerial implications of the proposed framework and research model.

National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-31642 (URN)
Conference
The 8th Annual Workshop of the Nordic Corporate Governance Network (NCGN), Rantapuisto, Helsinki, May 26-27, 2016
Available from: 2016-07-14 Created: 2016-07-14 Last updated: 2016-07-29Bibliographically approved

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