Board reforms and innovation

被引：3

作者：

Ahmad, Muhammad Farooq ^{[1
]}

Aziz, Saqib ^{[2
]}

Dowling, Michael ^{[3
]}

Kowalewski, Oskar ^{[4
,5
,6
]}

机构：

[1] Univ Cote Azur, SKEMA Business Sch, Nice, France

[2] Rennes Sch Business, Rennes, France

[3] Dublin City Univ, DCU Business Sch, Dublin, Ireland

[4] LEM Lille Econ Management, IESEG Sch Management, UMR 9221, F-59000 Lille, France

[5] Univ Lille, UMR 9221, LEM Lille Econ Management, F-59000 Lille, France

[6] CNRS, UMR 9221, LEM Lille Econ Management, F-59000 Lille, France

来源：

INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2023年 / 88卷

关键词：

Corporate governance; Board reforms; Corporate law; Innovation; Research and development; RESEARCH-AND-DEVELOPMENT; CORPORATE GOVERNANCE PRACTICES; DEVELOPMENT INVESTMENTS; AGENCY COSTS; PERFORMANCE; INDUSTRY; STRATEGY; IMPACT; CEOS;

D O I：

10.1016/j.irfa.2023.102707

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We study the effect of board reforms on firms' research and development (R & D) investments utilizing a sample of 41 countries. Using a difference-in-differences analysis, we find that firms invest more in R & D following corporate governance reforms. Of these, two legal reforms - having an independent audit committee and board independence - have a greater impact on R & D investment. Additionally, we show that board reforms have a more pronounced effect on R & D investment in hi-tech industries and the health sector.

引用

下载

页数：10

共 50 条

[21] Board diversity and corporate innovation
Chen, I-Ju
Lin, Wei Chih
Lo, Huai-Chun
Chen, Sheng-Syan
REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING, 2023, 61 (01) : 63 - 123
[22] Board Networks and Corporate Innovation
Chang, Ching-Hung
Wu, Qingqing
MANAGEMENT SCIENCE, 2021, 67 (06) : 3618 - 3654
[23] Board internationalization and green innovation
Usman, Muhammad
Javed, Muzhar
Yin, Junming
ECONOMICS LETTERS, 2020, 197
[24] Stromodal - Innovation is graphic board
Anon
Print and Paper Europe, 2002, 14 (05):
[25] Board diversity and corporate innovation
I-Ju Chen
Wei Chih Lin
Huai-Chun Lo
Sheng-Syan Chen
Review of Quantitative Finance and Accounting, 2023, 61 : 63 - 123
[26] INNOVATION, FROM WORDS TO REFORMS + OBJECTIVES AND OPERATIONS OF THE INNOVATION-FUND
SZEKY, J
NEW HUNGARIAN QUARTERLY, 1982, 23 (85): : 108 - 114
[27] Board reforms and M&A performance: international evidence
Ahmad, Muhammad Farooq
Aktas, Nihat
Cumming, Douglas
Xu, Guosong
JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2024, 55 (05) : 616 - 637
[28] Board Reforms, Stock Liquidity, and Stock Market Development
Qiu, Buhui
To, Thomas Y.
REVIEW OF CORPORATE FINANCE STUDIES, 2022,
[29] The effect of board-related reforms on investors' confidence
Lee, Janet
Shailer, Greg
AUSTRALIAN ACCOUNTING REVIEW, 2008, 18 (02) : 123 - 134
[30] Evaluation of board reforms: An examination of the appointment of outside directors
Min, Byung-Seong
JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES, 2013, 29 : 21 - 43

← 1 2 3 4 5 →