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The scale-up process and the nascent board’s modus operandi : The role of attention and self-efficacy
[Processus de scale-up et fonctionnement du CA naissant : Le rôle de l’attention et de l’autoefficacité]

Author

Listed:
  • Joëlle Bédat

    (Institut d'Administration des Entreprises (IAE) - Lyon, UNIFR - Université de Fribourg = University of Fribourg, Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon)

  • Peter Wirtz

    (EM - EMLyon Business School)

Abstract

This article presents the results of a processual case study examining a young scale-up's board of directors, focusing on board members' attention and self-efficacy. The results help us to better understand why the board's mode of operation sometimes leans towards discipline and sometimes towards cognition (or both), independently of the venture's life cycle. The study reveals that the intensity of treatment of cognitive vs. disciplinary issues is highly, but not exclusively, dependent on the entry of new investors and hence changes from stage to stage. The results confirm Knockaert et al.'s (2015) intuition of the importance of attention and self-efficacy bias. Unlike the findings of those authors, however, it appears that the primary objects of attention and self-efficacy change over time and as the result of the multiple directors' complex actions. This leads to dynamic changes in the board's operations over time.

Suggested Citation

  • Joëlle Bédat & Peter Wirtz, 2023. "The scale-up process and the nascent board’s modus operandi : The role of attention and self-efficacy [Processus de scale-up et fonctionnement du CA naissant : Le rôle de l’attention et de l’autoef," Post-Print halshs-04054887, HAL.
    • Handle: RePEc:hal:journl:halshs-04054887
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04054887
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    References listed on IDEAS

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    1. Natee Amornsiripanitch & Paul A Gompers & Yuhai Xuan, 2019. "More than Money: Venture Capitalists on Boards," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 35(3), pages 513-543.
    2. Véronique Bessière & Eric Stéphany & Peter Wirtz, 2020. "Crowdfunding, business angels, and venture capital: an exploratory study of the concept of the funding trajectory," Venture Capital, Taylor & Francis Journals, vol. 22(2), pages 135-160, June.
    3. Gérard Charreaux, 2008. "À la recherche du lien perdu entre caractéristiques des dirigeants et performance de la firme : gouvernance et latitude managériale," Working Papers CREGO 1080502, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    4. Peter Wirtz, 2017. "Governance of old religious orders: Benedictines and Dominicans," Post-Print hal-01528015, HAL.
    5. William Ocasio & Tomi Laamanen & Eero Vaara, 2018. "Communication and attention dynamics: An attention‐based view of strategic change," Strategic Management Journal, Wiley Blackwell, vol. 39(1), pages 155-167, January.
    6. Wirtz, Peter, 2011. "The cognitive dimension of corporate governance in fast growing entrepreneurial firms," European Management Journal, Elsevier, vol. 29(6), pages 431-447.
    7. Peter Wirtz, 2005. "« Meilleures pratiques » de gouvernance et création de valeur : une appréciation critique des codes de bonne conduite," ACCRA, Association francophone de comptabilité, vol. 11(1), pages 141-159.
    8. Nils Konstantin Lang & Peter Wirtz, 2021. "Kicking Off the Corporate Governance Lifecycle : Seed Funding, Venture Capital and the Nascent Board," Post-Print hal-03188231, HAL.
    9. Zahra, Shaker A. & Filatotchev, Igor & Wright, Mike, 2009. "How do threshold firms sustain corporate entrepreneurship? The role of boards and absorptive capacity," Journal of Business Venturing, Elsevier, vol. 24(3), pages 248-260, May.
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    11. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
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    Keywords

    Entrepreneurial governance; attention; self-efficacy; scale-up; Entrepreneurial governance attention self-efficacy scale-up;
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