Corporate Governance and Top Management Team Demographic: A Longitudinal Analysis of Their Effects on Innovation

G. Steven McMillan () and Sam Beldona
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G. Steven McMillan: The American College, 270 S. Bryn Mawr Avenue, Bryn Mawr, PA 19010, USA
Sam Beldona: Graduate School of Management, Rutgers University, 92 New Street, Newark, NJ 07102-1895, USA

International Journal of Innovation Management (ijim), 1997, vol. 01, issue 02, 111-121

Abstract: This paper examines the impact that the educational level of a company's outside directors and top management team (TMT) has on the firm's commitment to innovation and its innovation outcomes. A 13-year study of 17 pharmaceutical companies was conducted. The results show that TMT demographics are significant predictors of commitment to innovation, while the demographics of outside directors predict outcomes in innovation. The future research opportunities of these findings are discussed.

Keywords: Governance; TMT; innovation (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1142/S1363919697000073

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