]> BibSonomy publications for /bibtex/1bed796d8fb140af37aec7087c53f83fd http://www.bibsonomy.org/burst/bibtex/1bed796d8fb140af37aec7087c53f83fd BibSonomy BuRST Feed for /bibtex/1bed796d8fb140af37aec7087c53f83fd 2008-08-21T04:17:55+02:00 Governing the innovation process in entrepreneurial firms http://www.bibsonomy.org/bibtex/2196ec0e6bbb4fb1bf206479d224ca3e2/callagialla callagialla 2008-03-20T21:24:32+01:00 CORPORATE governanceHIGH innovations technologyMANAGEMENTTECHNOLOGICAL
Governing the innovation process in entrepreneurial firms
Gideon D. Markman and David B. Balkin and Leon Schjoedt Journal of High Technology Management Research 12 273-293 (2001)
to CORPORATE governanceHIGH innovations technologyMANAGEMENTTECHNOLOGICAL by callagialla on 2008-03-20 21:24:32 ]]> Journal of High Technology Management Research2273-293Governing the innovation process in entrepreneurial firms122001CORPORATE governanceHIGH innovations technologyMANAGEMENTTECHNOLOGICAL 2008-03-20 21:24:32.0We challenge the implicit assumption that entrepreneurs are the sole owners of their young firms and we suggest that because cutting-edge innovation projects are complex, they create substantial information asymmetry between entrepreneurs and their investors. Linking previous research on governance, entrepreneurship, and innovation, we ask what forms of governance and incentive systems are conducive to spur and implement innovation among young entrepreneurial firms. Using agency theory and building on the rich literature on governance, we make eight practical suggestions regarding the governance of young entrepreneurial firms. We suggest that early and effective governance systems may help entrepreneurs and investors work in alignment with each other's best interests. (C) 2001 Elsevier Science Inc. All rights reserved. [ABSTRACT FROM AUTHOR]