Female board representation and coupled open innovation: Evidence from emerging market multinational enterprises

Kweku Adams, Rexford Attah-Boakye, Honglan Yu, Jeaneth Johansson and Eric Tchouamou Njoya

Technovation, 2023, vol. 124, issue C

Abstract: Little research has been done on female board representation in emerging market multinational enterprises (EMNEs). Our paper considers the role of female board representation and its impact on open innovation (OI) in the unique context of emerging markets. We draw on upper echelons and institutional theories to understand how female board representation and cross-country institutional contexts influence coupled OI. Combining a 10-year (2009–2019) dataset with a rich in-depth content analysis of 183 (EMNEs) engaged in OI, our results reveal a significant positive association between female board representation and a firm's commitment to coupled OI initiatives. We also find that country-level institutional factors affect and positively moderate the relationship between female board representation and coupled OI. In emerging market environments where managerial perception and cultural beliefs sometimes hinder the promotion of females into top positions, our work has implications for EMNEs regarding how they harness diversity. We contribute to the OI literature by showing that female board representation enhances corporate OI investment within EMNEs.

Keywords: Coupled open innovation (OI); Female board representation; Emerging market multinational enterprises (EMNEs); Institutional context (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:techno:v:124:y:2023:i:c:s0166497223000603

DOI: 10.1016/j.technovation.2023.102749

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