Artikel
Independent technical directors and their effect on corporate innovation in China
As outside advisors, independent directors serve as both consultants and monitors. Based on empirical studies of corporate innovation and independent directors, we used data from listed firms in China from 2007 to 2017 to examine the effect of hiring independent technical directors on the board of directors. This study focused on a firm's innovation performance and the extent to which this performance is influenced by the relevance of a director's expertise to the activities of the firm. The results show that when the technical expertise of an independent director is relevant to the operational field of the firm, the firm should perform better in terms of innovation. This result is still significant when applying the two-stage instrumental variable method, showing a higher significance when using the exogenous event of the 2014 Wenfeng.plc case. Moreover, independent technical directors influence innovation primarily by encouraging firms to deepen their current field of research rather than expanding to other fields. Our findings can guide corporations to hire more relevant independent technical directors and can help the government design more accurate policies that promote innovation and entrepreneurship.
- Language
-
Englisch
- Bibliographic citation
-
Journal: China Journal of Accounting Research ; ISSN: 1755-3091 ; Volume: 13 ; Year: 2020 ; Issue: 2 ; Pages: 175-199 ; Amsterdam: Elsevier
- Classification
-
Management
- Subject
-
Academic and industry collaboration
Corporate innovation performance
Independent technical directors
Innovation patents
- Event
-
Geistige Schöpfung
- (who)
-
Li, Zhe
Li, Xingyi
Xie, Anning
- Event
-
Veröffentlichung
- (who)
-
Elsevier
- (where)
-
Amsterdam
- (when)
-
2020
- DOI
-
doi:10.1016/j.cjar.2020.06.001
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Li, Zhe
- Li, Xingyi
- Xie, Anning
- Elsevier
Time of origin
- 2020
Other Objects (12)
Equity option pricing with systematic and idiosyncratic volatility and jump risks
Ultra-multiplex PCR technique to guide treatment of Aspergillus -infected aortic valve prostheses
Quantitative Error Analysis on Polarimetric Phased Array Radar Weather Measurements to Reveal Radar Performance and Configuration Potential
Cell therapy for severe burn wound healing
Identifying influential spreaders by gravity model considering multi-characteristics of nodes
Business and financial information integration and voluntary management earnings forecasts
Are all investment decisions to subscribe to new stocks mindless? Investor heterogeneity and behavior in the process of subscribing to new stocks
Ab initio calculation of real solids via neural network ansatz
Human cardiac fibroblasts produce pro-inflammatory cytokines upon TLRs and RLRs stimulation
The optimization method of wing plasma ice shape regulation based on quantitative assessment of flight risk
Observation of ionospheric disturbances induced by the 2011 Tohoku tsunami using far-field GPS data in Hawaii
Adaptive Line Enhancer for Passive Sonars Based on Frequency-Domain Sparsity, Shannon Entropy Criterion and Mixed-Weighted Error
Equity option pricing with systematic and idiosyncratic volatility and jump risks
Ultra-multiplex PCR technique to guide treatment of Aspergillus -infected aortic valve prostheses
Quantitative Error Analysis on Polarimetric Phased Array Radar Weather Measurements to Reveal Radar Performance and Configuration Potential
Cell therapy for severe burn wound healing
Identifying influential spreaders by gravity model considering multi-characteristics of nodes
Business and financial information integration and voluntary management earnings forecasts
Are all investment decisions to subscribe to new stocks mindless? Investor heterogeneity and behavior in the process of subscribing to new stocks
Ab initio calculation of real solids via neural network ansatz
Human cardiac fibroblasts produce pro-inflammatory cytokines upon TLRs and RLRs stimulation
The optimization method of wing plasma ice shape regulation based on quantitative assessment of flight risk
Observation of ionospheric disturbances induced by the 2011 Tohoku tsunami using far-field GPS data in Hawaii
Adaptive Line Enhancer for Passive Sonars Based on Frequency-Domain Sparsity, Shannon Entropy Criterion and Mixed-Weighted Error
Equity option pricing with systematic and idiosyncratic volatility and jump risks
Ultra-multiplex PCR technique to guide treatment of Aspergillus -infected aortic valve prostheses
Quantitative Error Analysis on Polarimetric Phased Array Radar Weather Measurements to Reveal Radar Performance and Configuration Potential
Cell therapy for severe burn wound healing
Identifying influential spreaders by gravity model considering multi-characteristics of nodes
Business and financial information integration and voluntary management earnings forecasts
Are all investment decisions to subscribe to new stocks mindless? Investor heterogeneity and behavior in the process of subscribing to new stocks
Ab initio calculation of real solids via neural network ansatz
Human cardiac fibroblasts produce pro-inflammatory cytokines upon TLRs and RLRs stimulation
The optimization method of wing plasma ice shape regulation based on quantitative assessment of flight risk
Observation of ionospheric disturbances induced by the 2011 Tohoku tsunami using far-field GPS data in Hawaii