Collision in the boardroom: Director skill interdependence and corporate entrepreneurship in technology-intensive firms

Deskripsi

In technology intensive firms, directors with entrepreneurial skills are often expectedto stimulate corporate entrepreneurship (CE). Our findings suggest this relationship is less straight forward. While entrepreneurial directors do increase investment in CE, their impact weakens when directors with finance skills are prevalent on the board or its corporate development committee. These results underscore the importance of director skill interdependence the idea that a director's influence depends on the skills and roles of fellow directors. Boards should therefore consider not only who is appointed, but also how directors' skills align with one another and how those skills are deployed through committee assignments. Preventing the dominance of conflicting skill sets may enhance the board's ability to support innovation, venturing, and long-term strategic renewal.