Innovation by start-up firms: The role of the board of directors for knowledge spillovers

被引：9

作者：

Baum, Christopher F. ^{[1
]}

Loof, Hans ^{[2
]}

Stephan, Andreas ^{[3
]}

Viklund-Ros, Ingrid ^{[2
]}

机构：

[1] Boston Coll, Chestnut Hill, MA 02167 USA

[2] Royal Inst Technol, Stockholm, Sweden

[3] Linnaeus Univ, Vaxjo, Sweden

来源：

RESEARCH POLICY | 2022年 / 51卷 / 01期

关键词：

Start-ups; Board of directors; Knowledge spillovers; Innovation; Instrumental variables estimation; RESEARCH-AND-DEVELOPMENT; CORPORATE GOVERNANCE; PRODUCT INNOVATION; ENTREPRENEURSHIP; PATENTS; TRADEMARKS; INTERLOCKS; DIVERSITY; OPPORTUNITIES; PERSPECTIVE;

D O I：

10.1016/j.respol.2021.104375

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This paper investigates whether board directors interlocked with or employed by innovative firms affect startup firms' propensity to be innovators themselves. Drawing upon a sample of more than 50,000 Swedish start-up firms, we find that board connections to incumbent innovators have a causal impact on the new firms' probability to apply for patents. The results are robust when controlling for industry, geography, firm age, as well as spillovers through worker and managerial mobility, external knowledge sourcing through patent disclosure, access to venture capital and board attributes.

引用

页数：14

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