Finance Faculty Publications and Presentations

Document Type

Article

Publication Date

6-2019

Abstract

This study examines the influence of board directors with technological expertise on innovation using a panel of listed manufacturing firms in China from 2008 to 2017. The results show that technology directors positively affect firm innovation activities measured by R&D expenditure to sales ratio, invention patents applied for and granted, and utility model/design patents applied for and granted. The effect of technology directors on patents applied for and granted is weaker in firms with financial constraints and firms with CEO-chairman duality. Furthermore, independent technology directors show a stronger effect on invention patents granted than executive technology directors do.

Comments

Original published version available at https://doi.org/10.1016/j.mulfin.2019.04.001

Publication Title

Technology directors and firm innovation

DOI

10.1016/j.mulfin.2019.04.001

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