Unmasking intellectual capital from gender and nationality diversity on university spin-offs’ boards: a study on non-linear effects upon firm innovation

IF 6.2 2区 管理学 Q1 BUSINESS
Antonio Prencipe, Danilo Boffa, Armando Papa, C. Corsi, Jens Mueller
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引用次数: 5

Abstract

PurposeThe purpose of this study is to analyze the impact of human capital related to gender and nationality diversity in boards of directors on the innovation of university spin-offs (USOs) in their entrepreneurial ecosystem. Following the intellectual capital (IC) framework and the resource dependence theory, upper echelons theory and critical mass theory, it hypothesizes that the relationship between board diversity and USOs’ firm innovation is non-linear.Design/methodology/approachTo test the research hypotheses empirically, a sample of 827 Italian USOs over the period 2009–2018 was analyzed using zero-inflated Poisson regression modeling. A robustness test was also performed.FindingsGender obstacles remain in USOs’ entrepreneurial ecosystem, with little involvement of women in boards, and the benefits of human capital for firm innovation emerge with increased female representation. Nevertheless, a few foreign-born directors embody valued IC in terms of human capital from an internationally linked entrepreneurial ecosystem, which decreases with more foreign-born directors due to communication costs and coordination problems.Research limitations/implicationsThe emerging non-linear relationships imply that gender- and nationality-diverse boards in USOs constitute critical human capital factors boosting the devolvement of entrepreneurial processes, in terms of firm innovation, in university entrepreneurial ecosystems.Originality/valueThis study contributes significantly to the move from traditional corporate governance analysis through an IC framework, fostering an understanding of the role of human capital and its diversity determinants in spurring firm innovation among USOs considering the university entrepreneurial ecosystem.
从性别和国籍多样性中揭示大学分拆董事会的智力资本:对企业创新的非线性影响研究
目的本研究的目的是分析与董事会性别和国籍多样性相关的人力资本对大学分拆企业在创业生态系统中的创新的影响。根据智力资本框架和资源依赖理论、上层梯次理论和临界质量理论,假设董事会多样性与USOs企业创新之间存在非线性关系。设计/方法/方法为了对研究假设进行实证检验,使用零膨胀泊松回归模型对2009-2018年期间827个意大利uso样本进行了分析。还进行了稳健性检验。性别障碍仍然存在于uso的创业生态系统中,女性很少参与董事会,而人力资本对公司创新的好处随着女性代表的增加而显现。然而,少数外国出生的董事在与国际联系的创业生态系统的人力资本方面体现了有价值的IC,由于沟通成本和协调问题,外国出生的董事越多,其价值IC就越低。新兴的非线性关系表明,在大学创业生态系统中,性别和国籍多样化的董事会构成了促进创业过程发展的关键人力资本因素,就企业创新而言。原创性/价值本研究对从传统的公司治理分析转向集成框架做出了重大贡献,促进了对人力资本及其多样性决定因素在考虑大学创业生态系统的USOs中促进公司创新的作用的理解。
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来源期刊
CiteScore
14.50
自引率
13.30%
发文量
27
期刊介绍: The Journal of Intellectual Capital is a peer-reviewed international publication dedicated to the exchange of the latest research and best practice information on all aspects of creating, identifying, managing and measuring intellectual capital in organisations. The journal publishes original research and case studies by academic, business and public sector contributors on intellectual capital strategies, approaches, frameworks, tools, techniques and technologies in order to increase the understanding of intellectual capital within the context of the modern knowledge economy. The focus of this journal is on the identification of innovative intellectual capital strategies and the application of theoretical concepts to real-world situations.
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