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The chairperson and board strategy involvement in SMEs
Borås University, Borås, Sweden.ORCID iD: 0000-0003-3420-2391
2015 (English)Conference paper, Presentation (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.

Place, publisher, year, edition, pages
2015.
Keyword [en]
Chairperson, board of directors, strategy involvement, SMEs
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hh:diva-29970OAI: oai:DiVA.org:hh-29970DiVA: diva2:877800
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
In thesis
1. Governance for Innovation – Board Leadership and Value Creation in Entrepreneurial Firms
Open this publication in new window or tab >>Governance for Innovation – Board Leadership and Value Creation in Entrepreneurial Firms
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
governance, board of director, chairperson, board leadership, entrepreneurial firm, innovation, value creation, SME
National Category
Business Administration
Identifiers
urn:nbn:se:hh:diva-31676 (URN)978-91-87045-47-9 (ISBN)978-91-87045-46-2 (ISBN)
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

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Citation style
  • apa
  • ieee
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Language
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Output format
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