How do threshold firms sustain corporate entrepreneurship? The role of boards and absorptive capacity

Journal of Business Venturing

Volumn 24, Issue 3, 2009, Pages 248-260

  Zahra, Shaker A ^a   Filatotchev, Igor ^b   Wright, Mike ^c,d  

^a UNIVERSITY OF MINNESOTA   (United States)

^b CITY UNIVERSITY   (United Kingdom)

^c NOTTINGHAM UNIVERSITY BUSINESS SCHOOL   (United Kingdom)

^d ERASMUS UNIVERSITY ROTTERDAM   (Netherlands)

Author keywords

Absorptive capacity; Boards; Capability; Corporate entrepreneurship; Knowledge based theory

Indexed keywords

EID: 64649099327     PISSN: 08839026     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusvent.2008.09.001     Document Type: Article

References (55)

1. Adelberg S., and Batson C.D. Accountability and helping: when needs exceed resources. Journal of Personality and Social Psychology 36 (1978) 343-350
2. Baden-Fuller C. Strategic innovation, corporate entrepreneurship and matching outside-in to inside-out approaches to strategy research. British Journal of Management 6 (1995) S3-S16
3. Banks E. Corporate Governance: Financial Responsibility, Controls, and Ethics (2004), Palgrave Macmillan, New York
4. Barringer B.R., and Bluedorn A.C. The relationship between corporate entrepreneurship and strategic management. Strategic Management Journal 20 5 (1999) 421-444
5. Barney J., Wright M., and Ketchen D. The RBV of the firm: ten years after 1991. Journal of Management 27 (2001) 625-641
6. Branzei O., and Vertinsky I. Strategic pathways to product innovation capabilities in SMEs. Journal of Business Venturing 21 1 (2006) 75-105
7. Burgelman R.A. A model of the interaction of strategic behavior, corporate context, and the context of strategy. Academy of Management Review 8 1 (1983) 61-70
8. Castanias R., and Helfat C. The managerial rents model: theory and empirical analysis. Journal of Management 27 6 (2001) 661-678
9. Coff R. When competitive advantage doesn't lead to performance: the resource-based view and stakeholder bargaining power. Organization Science 10 2 (1999) 119-133
10. Cohen W.M., and Levinthal D.A. Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly 35 (1990) 128-152
11. Covin J., and Slevin D. New venture strategic posture, structure, and performance: an industry life cycle analysis. Journal of Business Venturing 5 2 (1990) 123-135
12. Daily C., and Dalton D. The relationship between governance structure and corporate performance in entrepreneurial firms. Journal of Business Venturing 7 (1992) 375-386
13. Fama E., and Jensen M. Separation of ownership and control. Journal of Law and Economics 26 (1983) 301-326
14. Filatotchev I., and Bishop K. Board composition, share ownership and 'underpricing' of UK IPO Firms. Strategic Management Journal 23 10 (2002) 941-955
15. Filatotchev I., and Wright M. The Corporate Governance Life-cycle (2005), Edward Elgar, Cheltenham
16. Franklin A., Wright M., and Lockett A. Academic and surrogate entrepreneurs in university spin-outs. Journal of Technology Transfer 26 (2001) 127-141
17. Gedajlovic E., Lubatkin M., and Schulze W. Crossing the threshold from founder management to professional management: a governance perspective. Journal of Management Studies 41 5 (2004) 899-912
18. Gibbs P. Determinants of corporate restructuring: the relative importance of corporate governance, takeover threat, and free cash flow. Strategic Management Journal 14 (1993) 51-68
19. Goodstain J., and Boeker W.B. Turbulence at the top: a new perspective on governance structure changes and strategic change. Academy of Management Journal 34 (1991) 306-330
20. Grant R.M. Toward a knowledge-based theory of the firm. Strategic Management Journal 17 (1996) 109-122
21. Gulati R., Nohria N., and Zaheer A. Strategic networks. Strategic Management Journal 21 (2000) 203-215
22. Guth W., and Ginsberg A. Guest editor's introduction: corporate entrepreneurship. Strategic Management Journal 11 (1990) 5-15 (Summer Special Issue)
23. Hendry J. The principal's other problems: honest incompetence and the specification of objectives. Academy of Management Review 27 1 (2002) 98-113
24. Hitt M., Hoskisson R.E., Johnson R.A., and Moesel D.D. The market for corporate control and firm innovation. Academy of Management Journal 39 5 (1996) 1084-1109
25. Hoskisson R.E., Johnson R.A., and Moesel D.D. Corporate divestiture intensity in restructuring firms: effects of governance, strategy and performance. Academy of Management Journal 37 (1994) 1207-1251
26. Huse M. Boards, Governance and Value Creation: The Human Side of Corporate Governance (2007), CUP
27. Jawahar I., and McLaughlin G. Towards a descriptive stakeholder theory: an organizational life cycle approach. Academy of Management Review 26 (2001) 397-414
28. Johnson J.L., Ellstrand A.E., and Daily C.M. Boards of directors: a review and research agenda. Journal of Management 22 (1996) 409-439
29. Jones C., Hesterly W., and Borgatti S. A general theory of network governance: exchange conditions and social mechanisms. Academy of Management Review 22 (1997) 911-945
30. Junkunc M. Managing radical innovation: the importance of specialized knowledge in the biotech revolution. Journal of Business Venturing 22 3 (2007) 388-411
31. Keasey K., and Wright M. Corporate governance: issues and concerns. Accounting and Business Research 23 91A (1993) 301-313
32. Leonard-Barton D.L. Wellsprings of Knowledge: Building and Sustaining the Sources of Innovation (1995), Harvard Business School Press, Boston, MA
33. Lynall M., Golden B.R., and Hillman A. Board composition from adolescence to maturity: a multi-theoretic view. Academy of Management Review 28 (2003) 416-431
34. Mahoney J.T. The management of resources and the resource of management. Journal of Business Research 33 (1995) 91-102
35. Miller D. An asymmetry-based view of advantage: towards an attainable sustainability. Strategic Management Journal 24 10 (2003) 961-976
36. Morrow J.L., Sirmon D.G., Hitt M.A., and Holcomb T.R. Creating value in the face of declining performance: firm strategies and organizational recovery. Strategic Management Journal 28 (2007) 271-283
37. Newman K. Organizational transformation during institutional upheaval. Academy of Management Review 25 (2000) 602-619
38. Phan P. Dynamism as a necessary property of entrepreneurial systems. Journal of Business Venturing 21 2 (2006) 149-151
39. Sanchez R. Strategic flexibility in product competition. Strategic Management Journal 16 (1995) 135-159
40. Sanders W.G., and Boivie S. Sorting things out: valuation of new firms in uncertain markets. Strategic Management Journal 25 (2004) 167-186
41. Sanders G.W., and Carpenter M.A. Strategic satisficing? A behavioral-agency theory perspective on stock repurchase program announcements. Academy of Management Journal 46 (2003) 160-178
42. Siegel-Jacobs K., and Yates J.F. Effects of procedural and outcome accountability on judgment quality. Organizational Behavior and Human Decision Processes 65 (1996) 1-17
43. Sirmon D.G., Hitt M.A., and Ireland R.D. Managing firm resources in dynamic environments to create value: looking inside the black box. Academy of Management Review 32 (2007) 273-292
44. Teng B. Corporate entrepreneurship activities through strategic alliances: a resource-based approach toward competitive advantage. Journal of Management Studies 44 1 (2007) 119-142
45. Thornhill S. Knowledge, innovation and firm performance in high- and low-technology regimes. Journal of Business Venturing 21 5 (2006) 687-703
46. Ucbasaran D., Lockett A., Wright M., and Westhead P. Entrepreneurial founder teams: factors associated with member entry and exit. Entrepreneurship Theory and Practice 28 2 (2003) 107-128
47. Volberda H.W. Toward the flexible form: how to remain vital in hypercompetitive environments. Organization Science 7 4 (1996) 359-374
48. Walsh J., and Seward J. On the efficiency of internal and external corporate control mechanisms. Academy of Management Review 15 (1990) 421-458
49. Zahra S. Governance, ownership and corporate entrepreneurship among the Fortune 500: the moderating impact of industry technological opportunities. Academy of Management Journal 39 (1996) 1713-1735
50. Zahra S.A., and George G. Absorptive capacity: a review, reconceptualization, and extension. Academy of Management Review 27 (2002) 185-203
51. Zahra S.A., and Filatotchev I. Governance of the entrepreneurial threshold firm: a knowledge-based perspective. Journal of Management Studies 41 5 (2004) 883-895
52. Zahra S.A., and Hayton J. The effect of international venturing on firm performance: the moderating influence of absorptive capacity. Journal of Business Venturing 23 2 (2008) 195-220
53. Zahra S.A., and Pearce J. Boards of directors and corporate financial performance: a review and integrative model. Journal of Management 15 (1989) 291-334
54. Zahra S.A., Nielsen A.P., and Bogner W.C. Corporate entrepreneurship, knowledge, and competence development. Entrepreneurship Theory and Practice 23 3 (1999) 169-190
55. Zahra S., Neubaum D.O., and Huse M. Entrepreneurship in medium-size companies: exploring the effects of ownership and governance systems. Journal of Management 26 5 (2000) 947-976