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What do non-executive chairpersons do in owner-managed firms? – evidence from Sweden
University of Borås, Borås, Sweden.ORCID iD: 0000-0003-3420-2391
2015 (English)Conference paper, 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.

Place, publisher, year, edition, pages
2015.
Keyword [en]
Owner-managed firms, chairpersonship, chairperson, task, board of directors, SME, board leadership
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hh:diva-31641OAI: oai:DiVA.org:hh-31641DiVA: diva2:948961
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
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: 2016-08-16Bibliographically approved

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Citation style
  • apa
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