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
相关论文
共 50 条
  • [21] Interest rate liberalization and corporate innovation: Evidence from natural experiments in China
    Yu, Shuangli
    Ke, Yun
    Quan, Xiaofeng
    Ding, Wenhong
    JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2025, 52 (02) : 1152 - 1182
  • [22] CEO experience and corporate financing decisions: Evidence from a natural experiment in China
    Hao, Ying
    Huang, Yuxiu
    Cui, Xuegang
    Liu, Qiang
    Zhang, Yuwen
    CHINA ECONOMIC REVIEW, 2021, 70
  • [23] Financial independent director and innovation of internal corporate governance
    Su Xinlong
    PROCEEDINGS OF THE 4TH INTERNATIONAL CONFERENCE ON INNOVATION & MANAGEMENT, VOLS I AND II, 2007, : 1191 - 1198
  • [24] Judicial institutional design and corporate litigation: Evidence from a natural experiment in China
    Lu, Shengfeng
    Tian, Hui
    Zhao, Yan
    Sun, Yukun
    ECONOMICS OF TRANSITION AND INSTITUTIONAL CHANGE, 2025, 33 (01) : 115 - 138
  • [25] Tax Enforcement and Corporate Social Responsibility: Evidence from a Natural Experiment in China
    Wang, Jiangyuan
    Ke, Da
    Lai, Xingjian
    EMERGING MARKETS FINANCE AND TRADE, 2023, 59 (02) : 542 - 560
  • [26] Technical independent director-CEO friendliness and enterprise dual innovation: evidence from China
    Ma, Dongshan
    Ding, Jian
    Liu, Mingyu
    Wang, Cuifang
    APPLIED ECONOMICS, 2025,
  • [27] Trust and Corporate Innovation: Evidence From China
    Zhang, Bo
    Zhou, Ruixue
    Wang, Wenxin
    JOURNAL OF ACCOUNTING AUDITING AND FINANCE, 2024, 39 (04): : 1044 - 1068
  • [28] The Blockchain and Corporate Innovation: Evidence from China
    Zhang, Ping
    Huang, Suqin
    Wang, Tewei
    EMERGING MARKETS FINANCE AND TRADE, 2025, 61 (02) : 327 - 353
  • [29] Corporate innovation and internationalization: Evidence from China
    Fang, Fang
    FINANCE RESEARCH LETTERS, 2023, 56
  • [30] Corporate sustainability policies and corporate investment efficiency: Evidence from the quasi-natural experiment in China
    Ho, Kung-Cheng
    Yan, Cheng
    Mao, Zhicheng
    An, Jiafu
    ENERGY ECONOMICS, 2023, 127
12345