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The venture capitalist and the board of directors in SMEs: roles and processes

Gabrielsson, Jonas LU and Huse, Morten (2002) In Venture Capital: An International Journal of Entrepreneurial Finance 4(2). p.125-146
Abstract
The paper provides an attempt to direct the research in the area of venture capitalist and the board of directors in SMEs. Issues about boards in venture capital-backed technology based industrials are explored, and various research designs are used to meet different research questions. Empirical results indicate that venture capital firms purposefully use boards in the portfolio firm, and boards in venture capital-backed firms are more active than boards in other firms. The venture capitalist and the entrepreneur/owner-manager of the portfolio firm may have diverging expectations to board roles. In this setting the board becomes an interesting meeting place for studying the processes and the dynamics between external and internal... (More)
The paper provides an attempt to direct the research in the area of venture capitalist and the board of directors in SMEs. Issues about boards in venture capital-backed technology based industrials are explored, and various research designs are used to meet different research questions. Empirical results indicate that venture capital firms purposefully use boards in the portfolio firm, and boards in venture capital-backed firms are more active than boards in other firms. The venture capitalist and the entrepreneur/owner-manager of the portfolio firm may have diverging expectations to board roles. In this setting the board becomes an interesting meeting place for studying the processes and the dynamics between external and internal stakeholders. Future research in this area should integrate board role theories and board process theories. (Less)
Please use this url to cite or link to this publication:
author
and
publishing date
type
Contribution to journal
publication status
published
subject
keywords
working relationships, venture capital backed firms, board involvement
in
Venture Capital: An International Journal of Entrepreneurial Finance
volume
4
issue
2
pages
125 - 146
publisher
Taylor & Francis
external identifiers
  • scopus:85011195632
ISSN
1464-5343
language
English
LU publication?
no
id
ef1dd02c-8455-42e2-8565-f7e3cae8b57f (old id 939808)
date added to LUP
2016-04-04 12:08:12
date last changed
2022-04-24 01:44:53
@article{ef1dd02c-8455-42e2-8565-f7e3cae8b57f,
  abstract     = {{The paper provides an attempt to direct the research in the area of venture capitalist and the board of directors in SMEs. Issues about boards in venture capital-backed technology based industrials are explored, and various research designs are used to meet different research questions. Empirical results indicate that venture capital firms purposefully use boards in the portfolio firm, and boards in venture capital-backed firms are more active than boards in other firms. The venture capitalist and the entrepreneur/owner-manager of the portfolio firm may have diverging expectations to board roles. In this setting the board becomes an interesting meeting place for studying the processes and the dynamics between external and internal stakeholders. Future research in this area should integrate board role theories and board process theories.}},
  author       = {{Gabrielsson, Jonas and Huse, Morten}},
  issn         = {{1464-5343}},
  keywords     = {{working relationships; venture capital backed firms; board involvement}},
  language     = {{eng}},
  number       = {{2}},
  pages        = {{125--146}},
  publisher    = {{Taylor & Francis}},
  series       = {{Venture Capital: An International Journal of Entrepreneurial Finance}},
  title        = {{The venture capitalist and the board of directors in SMEs: roles and processes}},
  volume       = {{4}},
  year         = {{2002}},
}