SME growth speed: The relationship with board capital

Castro, Carmen Barroso; Domínguez-CC, Marta; Rodríguez‐Serrano, M. Ángeles

doi:10.1080/00472778.2020.1717293

Cited by 18 publications

(12 citation statements)

References 159 publications

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“…It specifically includes: (1) the heterogeneity level of directors’ occupational background; (2) the heterogeneity level of directors’ functional background; and (3) the heterogeneity level of directors’ part-time job situation. This classification has been adopted by many scholars ( Muttakin et al, 2018 ; Jing et al, 2021 ; Barroso-Castro et al, 2022 ). Since then, board diversity has officially become an important indicator to measure the governance structure of the board of directors.…”

Section: Literature Reviewmentioning

confidence: 99%

Finding the key to the black box of board diversity and firm performance: A mediating effect analysis of technological innovation

Yao

2022

Front. Psychol.

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A growing body of research has focused on the relationship between board diversity and firm performance. A series of empirical literatures have also examined a significant positive correlation between the two. But these results only demonstrate the relationship between the input of ‘diversity’ and the output of ‘firm performance’. Such research is more of a black box because board diversity must act on certain strategies or decisions to affect firm performance. Some scholars try theoretical analysis with the purpose of opening the black box. In order to verify the relevant theoretical analysis results, this study uses the mediating effect analysis model in the field of psychology, through multiple regression, impulse analysis, variance decomposition and other methods, to thus empirically test the mediating effect of technological innovation in the process of board diversification promoting corporate performance. We found that board diversity can improve firm performance by enhancing the level of technological innovation. Among them, technological innovation has played a complete mediating role in the diversity of board members’ functional and occupational background, and played a partial mediating role in the diversification of directors’ part-time jobs. Technological innovation is a key indicator bridging board diversity and firm performance. This study can explore and explain the inner workings of the significant relationship between board diversity and firm performance, and link research findings on similar phenomena. The research results may make the existing board governance theories more systematic, expand the extension of theoretical research, and provide some empirical research references for academics and practitioners.

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Section: Literature Reviewmentioning

confidence: 99%

Finding the key to the black box of board diversity and firm performance: A mediating effect analysis of technological innovation

Yao

2022

Front. Psychol.

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“…A stream of studies, stemming from upper-echelons theory, suggest that strategic decisions such as internationalization are determined by human capital of top managers (Bužavaitė & Korsakienė, 2019;Korsakienė et al, 2019a). Meanwhile, governance literature emphasizes both the role and contribution of the board of directors in the development of the firm's capabilities to cope with the complexity of issues (Barroso-Castro et al, 2020).…”

Section: Theoretical Framework and Hypotheses Developmentmentioning

confidence: 99%

“…Thus, we conceptualize board of small firms as composed of internal (holds the position of the manager) and / or external (does not hold the position of the manager) managers, who represent the interests of the business owner (s) and perform advisory, strategic, monitoring, control functions in the firm and participate in regular meetings. It is a formal or informal intermediate link between the firm's shareholders and executives, who have useful business relationships that can help the firm get the information or other resources it needs (Barroso-Castro et al, 2020;Puthusserry et al, 2021).…”

Section: Theoretical Framework and Hypotheses Developmentmentioning

confidence: 99%

“…Considering previous studies, we included control variables at the firm level: firm size, timing of international market entry, board size, firm age and industry (Barroso et al, 2011;Barroso-Castro et al, 2020). The firm size was measured by the number of employees and thus, each respondent was assigned to the following groups: 1 -with up to 10 employees, 2 -from 11 to 49 employees and 3 from 50 to 249 employees (Bjørnåli et al, 2016).…”

Section: Variables and Measuresmentioning

confidence: 99%

“…Notably, board members are skilled in the provision of necessary resources, social networks and development of the firm's reputation (Barroso-Castro et al, 2020). The professionalism of board members accumulated into board capital is crucial for the firm's management support by participating in the strategic decisions such as internationalization.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Does Board Usage of Knowledge and Skills Affect Internationalization Performance of Smes? A Case of Lithuania

Korsakienė

2021

Journal of Business Economics and Management

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Internationalization of SMEs is encouraged by the advantages of new environmental conditions and appealing business opportunities, but remains a challenging process. Top management teams and more specifically board of directors appear to be a critical determinant in addressing internationalization issues. In recent years, investigation of boards in small firms’ context has been an interest of scholars, however few investigated characteristics of human capital. This study aims to investigate whether board usage of knowledge and skills is a mediator linking characteristics of human capital of board and internationalization performance of SMEs in Lithuania. The results revealed that usage of knowledge and skills mediates the relationships between international business skills and internationalization performance. Obtained results contribute to international entrepreneurship and upper-echelons theories by highlighting the role of the board in SMEs and linking it to higher internationalization performance through their usage of knowledge and skills. This study fills the research gap and extends the extant studies in internationalization of SMEs. First, the study responds to the need to investigate how board’s capital affect internationalization. Secondly, the study responds to the need to go beyond input-output models.

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Board of directors and innovation: A state‐of‐the‐art review from a contingency perspective

Belkacemi,

Veilleux,

Roy

2024

Can J Adm Sci

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The link between the board of directors and innovation has received increasing interest from scholars, executives, and policymakers in recent years. Nevertheless, it remains somewhat cryptic, mainly due to limitations in terms of analytical frameworks, theoretical constructs, and methodological designs, as well as the absence of an approach that integrates the importance of contingencies. Thus, a systematic literature review at the junction of the highest strategic body (i.e., board of directors) and one of the most strategic organizational outcomes (i.e., innovation) proves to be an opportune exercise both from a scientific and practical perspective. Ultimately, the approach adopted in this study has led to the emergence of an integrative conceptual framework from a contingency perspective and various observations that dissect the impact of the board of directors on innovation based on a corpus of 114 articles published over a period of 33 years. Also, a research agenda and some key recommendations are derived from the in‐depth analysis conducted and constitute solid foundations on which to build tomorrow's studies in this research field.

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SME growth speed: The relationship with board capital

Cited by 18 publications

References 159 publications

Finding the key to the black box of board diversity and firm performance: A mediating effect analysis of technological innovation

Finding the key to the black box of board diversity and firm performance: A mediating effect analysis of technological innovation

Does Board Usage of Knowledge and Skills Affect Internationalization Performance of Smes? A Case of Lithuania

Board of directors and innovation: A state‐of‐the‐art review from a contingency perspective

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