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innovation. However, empirical findings have not been totally conclusive, and some seem contradictory. Adopting a new perspective … innovation for the period 1988-2018. The results suggest that certain aspects of boards, such as meeting frequency and the … proportions of independent directors and outsiders, show the most significant correlations with firm innovation, but the levels of …
Persistent link: https://www.econbiz.de/10014500918
This paper studies whether board connectedness affects corporate innovation. We find that well-connected boards have a … positive impact on innovation activities and quality. The effect is stronger when firms have higher advising demand or face …
Persistent link: https://www.econbiz.de/10012964329
find that firms with more minority directors are associated with greater innovation output. Using patent …
Persistent link: https://www.econbiz.de/10012903049
Using panel data on U.S. public firms, we document a positive effect of board independence on corporate innovation … independence on innovation using a difference-in-difference approach that exploits an exogenous shock to board composition, namely …
Persistent link: https://www.econbiz.de/10012934703
exhibit superior quality innovation when they have both intensive R&D investment and strong external governance. These …
Persistent link: https://www.econbiz.de/10012935021
This study documents a positive and robust effect of co-opted boards on firm innovation. This effect is mainly driven … of CEO pay-performance and turnover-performance. It suggests that co-opted boards promote innovation by insulating … managers' career concerns from innovation risk and supporting incentive contracts that motivate innovation. Overall, our study …
Persistent link: https://www.econbiz.de/10012829142
Previous studies on the effect of corporate governance on firm innovation shows mixed outcomes, while some reveal … innovation with special interest in indigenous oil firms in Nigeria, a Sub-Saharan country. The study adopted a cross sectional …, board commitment and board involvement have positive and statistically significant effects on firm innovation measures of …
Persistent link: https://www.econbiz.de/10014443589
Busy directors have been widely criticized as being ineffective. However, we hypothesize that busy directors offer advantages for many firms. While busy directors may be less effective monitors, their experience and contacts arguably make them excellent advisors. Among IPO firms, which have...
Persistent link: https://www.econbiz.de/10013114379
Using the Sarbanes-Oxley Act of 2002 as a natural experiment, we document a non-monotonic relation between board independence and credit ratings. Ratings are upgraded with an exogenous increase of board independence only when independence is low, which is consistent with the costs as well as...
Persistent link: https://www.econbiz.de/10013069535
Among the main issues surround corporate governance in Islamic banking is that dealing with the role of Sharī'ah Supervisory Boards (SSB). The role of the SSB is particularly important before the launching of any new Islamic banking product and in making strategic decisions. Therefore, in...
Persistent link: https://www.econbiz.de/10013072700