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The role of the entrepreneurial team and the board of directors in the internationalization of academic spin-offs


  • Ekaterina Bjørnåli


  • Arild Aspelund



This study addresses the roles of the entrepreneurial team and the board of directors in the internationalization of academic spin-off companies. The study is based on a quantitative analysis of 109 spin-offs from Norwegian academic institutions. The findings suggest that academic spin-offs are more likely to achieve both international strategic alliances and international sales with entrepreneurial teams having industrial experience that is both highly homogeneous (where each member has work experience in the same industry) and highly diverse (where each member has work experience in different industries) and board members that have diverse functional backgrounds. Firms that are less dependent on networking by board members to increase legitimacy and build relationships with potential foreign customers are more likely to achieve international sales. Copyright Springer Science+Business Media, LLC 2012

Suggested Citation

  • Ekaterina Bjørnåli & Arild Aspelund, 2012. "The role of the entrepreneurial team and the board of directors in the internationalization of academic spin-offs," Journal of International Entrepreneurship, Springer, vol. 10(4), pages 350-377, December.
  • Handle: RePEc:kap:jinten:v:10:y:2012:i:4:p:350-377 DOI: 10.1007/s10843-012-0094-5

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    References listed on IDEAS

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    Cited by:

    1. Marina Van Geenhuizen, 2016. "Capability factors in changing patterns of international knowledge relationships among university spin-off firms in Northwest Europe," ERSA conference papers ersa16p405, European Regional Science Association.
    2. Zhou Wencang & Rosini Elizabeth, 2015. "Entrepreneurial Team Diversity and Performance: Toward an Integrated Model," Entrepreneurship Research Journal, De Gruyter, vol. 5(1), pages 1-30, January.


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