Knitting Company Performance and Board Interlocks: An Exploration with the Finnish Software Industry

Sami Hyrysalmi (Corresponding author), Arho Suominen, Jukka Ruohonen, Marko Seppänen, Antero Järvi

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    Abstract

    A board of directors is a supreme organism of a modern company. Often, a single board member has a place in several companies’ management teams. This is called a board interlock and its impact on a single board member, companies and the economics on the whole has been studied for decades. However, there is a lack of understanding how software companies’ board of directors interlock as the field is driven by knowledge and relations more heavily than the other fields. Therefore, well-connected board members could be a vital competitive advantage for companies. This study presents a quantitative analysis of 262 Finnish software companies, their boards and performance. The results show that neither high board interlocks nor foreign board members are remarkably related on the performance of companies. The implications of the findings are discussed and future research inquiries are proposed.
    Original languageEnglish
    Title of host publicationSoftware Business - 8th International Conference, ICSOB 2017, Proceedings
    Subtitle of host publicationICSOB 2017
    EditorsKarl Werder, Arto Ojala, Helena Holmstrom Olsson
    PublisherSpringer
    Pages67-81
    Number of pages15
    ISBN (Electronic)978-3-319-69191-6
    ISBN (Print)978-3-319-69190-9
    DOIs
    Publication statusPublished - 1 Jan 2017
    MoE publication typeA4 Article in a conference publication
    Event8th International Conference on Software Business, ICSOB 2017 - Essen, Germany
    Duration: 12 Jun 201713 Jun 2017

    Publication series

    SeriesLecture Notes in Business Information Processing
    Volume304
    ISSN1865-1348

    Conference

    Conference8th International Conference on Software Business, ICSOB 2017
    Abbreviated titleICSOB 2017
    CountryGermany
    CityEssen
    Period12/06/1713/06/17

    Keywords

    • Board interlock
    • Finland
    • Software industry

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  • Cite this

    Hyrysalmi, S., Suominen, A., Ruohonen, J., Seppänen, M., & Järvi, A. (2017). Knitting Company Performance and Board Interlocks: An Exploration with the Finnish Software Industry. In K. Werder, A. Ojala, & H. Holmstrom Olsson (Eds.), Software Business - 8th International Conference, ICSOB 2017, Proceedings: ICSOB 2017 (pp. 67-81). Springer. Lecture Notes in Business Information Processing, Vol.. 304 https://doi.org/10.1007/978-3-319-69191-6_5