Board reforms and innovation

被引：5

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

页数：10

共 50 条

[31] 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
[32] The impact of board reforms on audit fees: International evidence
Kim, Incheol
Kong, Joon Ho
Yang, Rong
JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2024, 51 (1-2) : 45 - 83
[33] OECD urges innovation-friendly reforms
不详
INDUSTRY AND HIGHER EDUCATION, 2010, 24 (04) : 247 - 247
[34] Institutional Effects on Innovation and the Requirements for Structural Reforms
Kafka, Kyriaki I.
Kostis, Pantelis C.
Petrakis, Panagiotis E.
JOURNAL OF THE KNOWLEDGE ECONOMY, 2022, 13 (01) : 211 - 235
[35] Patent rights, product market reforms, and innovation
Aghion, Philippe
Howitt, Peter
Prantl, Susanne
JOURNAL OF ECONOMIC GROWTH, 2015, 20 (03) : 223 - 262
[36] Institutional Effects on Innovation and the Requirements for Structural Reforms
Kyriaki I. Kafka
Pantelis C. Kostis
Panagiotis E. Petrakis
Journal of the Knowledge Economy, 2022, 13 : 211 - 235
[37] Patent rights, product market reforms, and innovation
Philippe Aghion
Peter Howitt
Susanne Prantl
Journal of Economic Growth, 2015, 20 : 223 - 262
[38] Market-based Financing Reforms and Shareholder Valuations: event Study Evidence from the Chinese Sci-Technology Innovation Board
Qin, Yaohua
Xiao, He
ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 2023, 30 (01) : 172 - 195
[39] Innovation, institutional ownerships and board diversity
Phan, Thi-Thanh
Yu, Hai-Chin
REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING, 2022, 59 (04) : 1647 - 1693
[40] Culturally diverse board and corporate innovation
Tang, Xiangxi
Shi, Jing
Han, Jianlei
Shu, Ao
Xiao, Fulong
ACCOUNTING AND FINANCE, 2021, 61 (04): : 5655 - 5679

← 1 2 3 4 5 →