Technology directors and firm innovation

Yunhe Li, Yu Liu and Feixue Xie

Journal of Multinational Financial Management, 2019, vol. 50, issue C, 76-88

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.

Keywords: Technology directors; Innovation; R&D; Patents; China (search for similar items in EconPapers)
JEL-codes: G34 O21 O32 O53 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mulfin:v:50:y:2019:i:c:p:76-88

DOI: 10.1016/j.mulfin.2019.04.001

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