Independent director network and corporate innovation: evidence from a natural experiment in China

被引：18
|
作者：
Wu, Yihan [1 ]
Dong, Bin [1 ]
机构：
[1] Southeast Univ, Sch Econ & Management, 2 Sipailou, Nanjing 210096, Xuanwu, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2021年 / 28卷 / 07期
关键词：
Board Network; independent Director; corporate Innovation; field Experiments; BOARD INTERLOCKS; SOCIAL NETWORKS;
D O I：
10.1080/13504851.2020.1764475
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper empirically investigates the relationship between independent directors' connectedness and corporate innovation in China. We utilize a novel natural experiment initiated by an anti-corruption campaign to find that independent directors' centrality in the board network has a significant positive effect upon corporate patenting. Further evidence suggests that the influence on corporate innovation is induced by information transmission in the board network.
引用
收藏
页码：559 / 564
页数：6
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