Banker on board and innovative activity

Saibal Ghosh

Journal of Business Research, 2016, vol. 69, issue 10, 4205-4214

Abstract: Employing data on publicly listed manufacturing firms in India during 2001–2012, the paper examines whether banker–director on firm board influences R&D activities. Evidence indicates that firms with commercial banker–director invest significantly less in R&D, although no such evidence is forthcoming for investment banker–directors. A disaggregation of firms based on the extent of equity and board presence suggests that group-affiliated firms with commercial banker nominees are less likely to engage in innovative activity.

Keywords: Banker–director; R&D; Corporate governance; Firm innovation (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:69:y:2016:i:10:p:4205-4214

DOI: 10.1016/j.jbusres.2016.03.004

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