
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.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Publication Title
Technology directors and firm innovation
DOI
10.1016/j.mulfin.2019.04.001
Recommended Citation
Li, Y., Liu, Y. and Xie, F., 2019. Technology directors and firm innovation. Journal of Multinational Financial Management, 50, pp.76-88. https://doi.org/10.1016/j.mulfin.2019.04.001
Comments
Original published version available at https://doi.org/10.1016/j.mulfin.2019.04.001