SME growth speed: The relationship with board capital
研究董事会资本对中小企业增长速度的影响，发现董事会职能多样性正向促进增长，董事培训程度高于预期，而CEO经验与增长无关。
This study examines the effects of board capital on small and medium enterprise (SME) growth speed using a robust regression model, in a sample of the every firm listed on the MAB (alternative Spanish stock market). We adopted the resource-based view (RBV), the resource dependency perspective, and the Penrosean theory to argue that directors’ characteristics provide the resources required for SMEs to achieve a higher growth rate. Our research concludes that the board’s functional diversity positively affects SME growth, the extent of prior training among the directors of quoted SMEs is higher than expected, and there is no relationship between the previous experience of directors in CEO positions and SME growth.