Joining forces: Top management team and board chair characteristics as antecedents of board service involvement |
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| Affiliation: | 1. Ghent University, Faculty of Economics and Business Administration, Tweekerkenstraat 2, B-9000 Gent, Belgium;2. Norwegian University of Science and Technology (NTNU), Department of Industrial Economics and Technology Management (IØT), Alfred Getz veg 3, N-7491 Trondheim, Norway;3. University of Oslo, Centre for Entrepreneurship, Gaustadalléen 21, N-0318 Oslo, Norway;1. Department of Management Programs, Florida Atlantic University, 313 Fleming Hall, 777 Glades Rd., Boca Raton, FL 33431, USA;2. IZA, Bonn, Germany;3. Department of Economics, Boston College, 140 Commonwealth Ave, Chestnut Hill, MA 02467-3806, USA;1. Robert A. Foisie School of Business, Worcester Polytechnic Institute, 100 Institute Road, Worcester, MA 01609-2280, United States;2. Department of Marketing and Entrepreneurship, College of Business Administration, Kent State University, P.O. Box 5190, Kent, OH 44242-0001, United States;1. Department of Management and Marketing, Faculty of Business, Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong;2. Institute of Management, Faculty of Economics, University of Lugano, Lugano, Switzerland;3. EM Lyon, Ecully, France;1. IE Business School, Calle María de Molina, 11, 28006 Madrid, Spain;2. Lee Business School, University of Nevada, Las Vegas, 4505 S. Maryland Parkway, Las Vegas, NV 89154, USA;3. Law School, University of Minnesota, 412 Mondale Hall, 229 19th Avenue South, Minneapolis, MN 55455, USA;4. Carlson School of Management, University of Minnesota, 3-424 CarlSMgmt, 321 19th Avenue South, Minneapolis, MN 55455, USA;1. York University, Schulich School of Business, Department of Entrepreneurship, Toronto, ON M3J 1P3, Canada;2. Oklahoma State University, Spears School of Business, Department of Entrepreneurship, Stillwater, OK 74078, USA;3. Miami University, Farmer School of Business, Department of Entrepreneurship, Oxford, OH 45056, USA;4. The Ohio State University, Fisher College of Business, Department of Management & Human Resources, Columbus, OH 43210, USA |
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| Abstract: | Boards in early stage high tech firms have an important role to play through their involvement in service tasks. Building on the attention based view of the firm and self-efficacy theory, we investigate the role of top management team (TMT) and board chair characteristics as antecedents of board service involvement (BSI). Studying a sample of 117 Norwegian early stage high tech firms, we find that TMT diversity positively affects BSI, whereas CEO duality negatively affects BSI. We further find that the industry experience of the board chair positively moderates the relationship between TMT size and BSI whereas CEO duality reinforces the TMT diversity-BSI relationship. |
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