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Managerial Conservatism, Board Independence, and Corporate Innovation

Lu, Jun - 2018

Using panel data on U.S. public firms, we document a positive effect of board independence on corporate innovation. This effect is concentrated in firms that are larger in size, in the non-technical industries, facing less product market competition, and using more debt, where managers are more...

Persistent link: https://www.econbiz.de/10012934703