Supporting innovation in government-sponsored networks: The role of network board composition

Joakim Wincent, Sergey Anokhin, Daniel Örtqvist

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

With growing public and private support of networks of small and medium-sized firms, many networks rely on network boards to ensure effective governance. By integrating agency and embeddedness reasoning, this article argues that network board composition aimed at effective monitoring may be at the cost of lost ability to strategize. In this study, longitudinal data of Swedish government-supported innovation networks demonstrate that network innovation improves as network board size increases, but that returns to such increases diminish when boards become overly large. Similarly, network board independence is beneficial up to a certain threshold, after which further increases in independence become detrimental. The study clarifies how agency and embeddedness theory can be combined to explain boards' abilities to combine monitoring and strategizing at the network level in increasing the levels of network innovation.

Original languageEnglish
Pages (from-to)997-1020
Number of pages24
JournalInternational Small Business Journal
Volume31
Issue number8
DOIs
Publication statusPublished - 1 Dec 2013
Externally publishedYes

Keywords

  • agency theory
  • embeddedness theory
  • monitoring
  • network board
  • strategic network

ASJC Scopus subject areas

  • Business and International Management

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