Abstract：This study develops a longitudinal single-case study of the Neusoft Group to explore the value and internal logic of board social capital in the successive strategic changes of university spin-offs. The study finds that during the growth of university spin-offs, four board social capital emerge: academic, commercial, political, and professional. The board social capital continues to evolve and differentially impacts strategic change through structuring, bundling and leveraging resource orchestration actions. The use of diverse board social capital to promote strategic changes in university spin-offs essentially maps the change of the institutional logic embedded in enterprises from “academic and business logic go hand-in-hand” to “the emergence and interaction of multiple institutional logics” to “innovation of the dominant business logic”.
高晟，王世权. 连续战略变革中董事会社会资本的价值逻辑——基于大学衍生企业的案例研究[J]. 管理学报, 2025, 22(8): 1403-.
GAO Sheng，WANG Shiquan. The Value Logic of Board Social Capital in Continuous Strategic Change: Based on a Case Study of University Spin-Offs. Chinese Journal of Management, 2025, 22(8): 1403-.
