The issues of corporate governance in knowledge intensive entrepreneurial firms

2010 ◽  
Vol 12 (2) ◽  
pp. 156
Author(s):  
Ljiljana Erakovic ◽  
Moncherie Tchaka
Keyword(s):  
Corporate Governance ◽  
Entrepreneurial Firms ◽  
Knowledge Intensive

Governance and Strategic Leadership in Entrepreneurial Firms

2002 ◽  
Vol 28 (3) ◽  
pp. 387-412 ◽  
Author(s):  
Catherine M. Daily ◽  
Patricia P. McDougall ◽  
Jeffrey G. Covin ◽  
Dan R. Dalton
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Resource Dependence ◽  
Strategic Leadership ◽  
Entrepreneurial Firms ◽  
Management Research ◽  
Central Focus ◽  
Strategic Leaders ◽  
Systematic Relationships ◽  
Resource Dependence Perspective

Corporate governance has been a central focus of strategic management research, particularly the associations among governance structures, strategic leaders, and firm performance. Extant research, however, provides little evidence of systematic relationships in these areas. There are a series of theoretical/conceptual rationales suggesting that such relationships might be more pronounced in entrepreneurial firms. Accordingly, we provide an overview and synthesis of the entrepreneurship literature addressing the intersection of governance and strategic leadership with firm performance. The strongest relationships reflected in this literature are consistent with a resource dependence perspective of the firm. We conclude with several suggestions for advancing research in this important domain.

Book Reviews

2011 ◽  
Vol 49 (4) ◽  
pp. 1291-1294
Keyword(s):  
Firm Growth ◽  
De Novo ◽  
Firm Dynamics ◽  
Assistant Professor ◽  
Entrepreneurial Firms ◽  
New Firms ◽  
Industrial Economics ◽  
National University ◽  
Knowledge Intensive ◽  
Start Ups

Markus Taussig of National University of Singapore reviews “Knowledge Intensive Entrepreneurship: The Birth, Growth and Demise of Entrepreneurial Firms” by Frédéric Delmar and Karl Wennberg. The EconLit abstract of the reviewed work begins, “Investigates the entrepreneurial processes of new firms' emergence, growth, and eventual demise and exit in the modern knowledge-intensive economy. Discusses the role of entrepreneurship and new firm dynamics for economic development; the knowledge intensive sector--theoretical concerns, research design, and data; the birth of new firms--the geography connection; firm exit; de novo and spinout start-ups--the organizational connection; and firm growth. Delmar is at EMLYON Business School and the Research Institute of Industrial Economics. Wennberg is Assistant Professor at the Stockholm School of Economics. Index.”

scholarly journals Does Corporate Financial Architecture of Innovative Companies Differ? The Evidence From USA

2018 ◽  
Vol 12 (4) ◽  
pp. 7-28 ◽  
Author(s):  
Irina Ivashkovskaya ◽  
Sergei Evdokimov
Keyword(s):  
Corporate Governance ◽  
Risk Sharing ◽  
Business Models ◽  
Manufacturing Companies ◽  
Publicly Traded ◽  
Financial Architecture ◽  
Innovative Firms ◽  
Knowledge Intensive ◽  
Distinct Features

Each company operates within the framework of interrelated structures: ownership, corporate governance and capital structure. The particular combination of these dimensions determines the corporate financial architecture of the company. Despite the growing body of literature on the challenges of the knowledge economy to the structural dimensions of companies, still little is known about the financial architecture of innovative firms. At the same time it is widely recognized that such companies substantially differ from traditional types of businesses in their business models and dynamics. Meanwhile, the financial architecture of a company generates the distribution of the incentives to enhance innovations affecting interests and risk-sharing among stakeholders. To address the lack of research into the interaction of corporate structures and their distinct features in innovative companies, this paper aims at identifying the robust financial architecture patterns of innovative companies. Using a sample of more than 1,300 publicly traded US-based manufacturing companies, we use an agglomerative hierarchical clustering method to identify relevant patterns and compare them to the firms which are not considered to be ‘knowledge intensive’. The empirical results allow the identification of seven robust financial architecture patterns within innovative companies. Our findings show that the first major difference between the financial architecture of innovative and non-innovative firms is in the higher role of activist institutional investors in the ownership. The second notable difference is related to CEO-duality, which plays a significant role in corporate governance only in innovative firms. Moreover, innovative companies are less leveraged than non-innovative firms. In addition, mature innovative companies demonstrate better financial performance.

scholarly journals Advancing conceptualisation of university entrepreneurial ecosystems: The role of knowledge-intensive entrepreneurial firms

2019 ◽  
Vol 37 (3) ◽  
pp. 289-310 ◽  
Author(s):  
Albert N Link ◽  
Riikka M Sarala
Keyword(s):  
Entrepreneurial Firms ◽  
Demand Side ◽  
Firm Resources ◽  
Entrepreneurial Opportunities ◽  
Entrepreneurial Ecosystems ◽  
Knowledge Based ◽  
Entrepreneurial Firm ◽  
Resources And Capabilities ◽  
Knowledge Intensive

University entrepreneurial ecosystems are increasingly important in facilitating innovation and entrepreneurial opportunities in today’s knowledge-based economies. However, we have an incomplete understanding of the demand side of university entrepreneurial ecosystems regarding the role of the entrepreneurial firm as the key user of university knowledge. We propose that use of university knowledge positively influences entrepreneurial firm performance and that the entrepreneurial firm’s resources and capabilities facilitate its ability to create value from university knowledge. We test our hypotheses on survey data of 3853 knowledge-intensive entrepreneurial firms from 10 European countries. Our study contributes to an increased understanding of the economic, societal and technological contributions of universities by empirically illustrating the role of firm resources and capabilities as moderators of value in university entrepreneurial ecosystems.

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