Outside board director experience and the growth of new ventures

IF 7.7 1区 管理学 Q1 BUSINESS Journal of Business Venturing Pub Date : 2025-03-04 DOI:10.1016/j.jbusvent.2025.106484
Tatevik Harutyunyan , Bram Timmermans , Lars Frederiksen
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引用次数: 0

Abstract

Most research on entrepreneurship focuses on entrepreneurs' human and social capital as the drivers of new venture performance. However, less is known about how much the endowments of other strategic human resources, namely board directors, influence new venture performance. To generate new insights on this topic, we theorize and empirically investigate to what extent, and under which conditions, the experience of outside board directors affects new venture growth. Our analysis of Norwegian registry data on 15,594 new ventures does not provide immediate evidence that the presence of outside board directors or their experiences drive new venture growth. However, post hoc analysis suggests that the timing of board entry, combined with industry and directorial experience, plays a significant role in shaping growth outcomes. Additionally, the impact of industrial and directorial experience varies depending on the industry environment.
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来源期刊
CiteScore
16.70
自引率
6.90%
发文量
59
审稿时长
77 days
期刊介绍: The Journal of Business Venturing: Entrepreneurship, Entrepreneurial Finance, Innovation and Regional Development serves as a scholarly platform for the exchange of valuable insights, theories, narratives, and interpretations related to entrepreneurship and its implications. With a focus on enriching the understanding of entrepreneurship in its various manifestations, the journal seeks to publish papers that (1) draw from the experiences of entrepreneurs, innovators, and their ecosystem; and (2) tackle issues relevant to scholars, educators, facilitators, and practitioners involved in entrepreneurship. Embracing diversity in approach, methodology, and disciplinary perspective, the journal encourages contributions that contribute to the advancement of knowledge in entrepreneurship and its associated domains.
期刊最新文献
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