Buchwald, Achim; Thorwarth, Susanne - Düsseldorf Institute for Competition Economics (DICE), … - 2015
We investigate the influence of non-executive outside directors on firms' innovative performance for a sample of 1 … fraction of non-executive outside directors on the board is associated with a significant decrease in the number of patent … outside directors mitigate executives' incentives to innovate. In industries with effective competition, the negative …