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Board recruitment as a strategic answer: Do companies' strategies for innovation influence the selection of new board members?
Author(s) -
Zenou Emmanuel,
Allemand Isabelle,
Brullebaut Bénédicte,
Galia Fabrice
Publication year - 2020
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.2316
Subject(s) - business , human capital , on board , selection (genetic algorithm) , social capital , marketing , capital (architecture) , industrial organization , knowledge management , economics , sociology , computer science , economic growth , archaeology , artificial intelligence , aerospace engineering , engineering , history , social science
Different strategies for innovation lead to specific profiles of new board members in terms of human and social capital, which shows that board selection is a strategic answer for innovation. Studying 735 French companies, we show the influence of four types of innovation strategies on the human capital (education and experience) and social capital (relationships) of new board members. Results show that specific strategies for innovation require specific profiles on board, which emphasizes the importance of board capital requirements for supporting innovation strategies.