Knitting company performance and board interlocks: An exploration with the Finnish software industry

Sami Hyrynsalmi, Arho Suominen, Jukka Ruohonen, Marko Seppänen, Antero Järvi

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


    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
    Subtitle of host publication8th International Conference, ICSOB 2017, Essen, Germany, June 12-13, 2017, Proceedings
    EditorsArto Ojala, Helena Holström Olsson, Karl Werder
    Number of pages5
    ISBN (Electronic)978-3-319-69191-6
    Publication statusPublished - 12 Jun 2017
    Publication typeA4 Article in conference proceedings
    EventInternational Conference on Software Business -
    Duration: 1 Jan 1900 → …

    Publication series

    NameLecture Notes in Business Information Processing
    PublisherSpringer International Publisher
    ISSN (Print)1865-1348


    ConferenceInternational Conference on Software Business
    Period1/01/00 → …

    Publication forum classification

    • Publication forum level 1


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