Academic entrepreneurship and board formation in science-based firms

Marcel Hülsbeck and Erik Lehmann ()

Economics of Innovation and New Technology, 2012, vol. 21, issue 5-6, 547-565

Abstract: This study investigates the demand and supply of academics as board members in science-based companies. Providing academics as board members is one activity within the broad range of academic entrepreneurship activities of universities helping science-based firms to develop absorptive capacity and utilize knowledge spillovers from local universities and focal firms. Based on a hand-collected sample of all entrepreneurial and high-tech initial public offerings in Germany from 1997 until 2007, this study finds compelling evidence that the board representation of academics is shaped by firm characteristics such as specific investments in knowledge, the academic entrepreneurship orientation of the local university and regional competitiveness.

Date: 2012
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DOI: 10.1080/10438599.2012.656525

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