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Academic entrepreneurship and board formation in science-based firms

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  • Marcel Hülsbeck
  • Erik E. Lehmann

Abstract

This study investigates the demand and supply of academics as board members in science-based companies. Providing academics as board members is one activity within the broad range of academic entrepreneurship activities of universities helping science-based firms to develop absorptive capacity and utilize knowledge spillovers from local universities and focal firms. Based on a hand-collected sample of all entrepreneurial and high-tech initial public offerings in Germany from 1997 until 2007, this study finds compelling evidence that the board representation of academics is shaped by firm characteristics such as specific investments in knowledge, the academic entrepreneurship orientation of the local university and regional competitiveness.

Suggested Citation

  • Marcel Hülsbeck & Erik E. Lehmann, 2012. "Academic entrepreneurship and board formation in science-based firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 21(5-6), pages 547-565, November.
    • Handle: RePEc:taf:ecinnt:v:21:y:2012:i:5-6:p:547-565
    DOI: 10.1080/10438599.2012.656525
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    References listed on IDEAS

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    1. David B. Audretsch & Erik E. Lehmann (ed.), 2011. "Corporate Governance in Small and Medium-sized Firms," Books, Edward Elgar Publishing, number 13900.
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    Cited by:

    1. David B. Audretsch & Erik E. Lehmann, 2013. "Corporate governance in newly listed companies," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 9, pages 179-206, Edward Elgar Publishing.
    2. Simone Scagnelli & Lorenzo Vasile & Mico Apostolov, 2019. "Survival Drivers Of Post-Incubated Start-Ups: The Effect Of Academic Governance," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(07), pages 1-20, October.

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    1. David B. Audretsch & Erik E. Lehmann, 2013. "Corporate governance in newly listed companies," Chapters, in: Mario Levis & Silvio Vismara (ed.), Handbook of Research on IPOs, chapter 9, pages 179-206, Edward Elgar Publishing.
    2. Lehmann, Erik, 2018. "Corporate governance," UO Working Papers 01-18, University of Augsburg, Chair of Management and Organization.

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