search query: @indexterm SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) / total: 396
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| Author: | Thorgren, S. Wincent, J. Anokhin, S. |
| Title: | The importance of compensating strategic network board members for network performance: a contingency approach |
| Journal: | British Journal of Management
2010 : MAR, VOL. 21:1, p. 131-151 |
| Index terms: | board of directors performance appraisal small and medium-sized enterprises (SMEs) strategy networks Sweden Scandinavia |
| Language: | eng |
| Abstract: | Based on yearly panel data from more than 50 government-supported strategic networks (hereafter as: n-w/s.) of small- and medium-sized enterprises (SMEs) during a 5-year period, this study explores the effects of compensating n-w/s. board members. Endorsing a contingency approach, the agency and stewardship (herein as: stw.) literatures are combined to posit that the effects of compensation are moderated by contingency factors stimulating either an agency or stw. relationship btw. the n-w/s. board and the networking firms. It is indicated that significant funding, n-w/s. firms represented on the n-w/s. board, and top-down n-w/s. formation stimulate board members to become agents rather than stewards. Hence, this explains the higher effect of board member compensation under such conditions. |
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