Impact of family board members and CEO's business education on the investment in information technology

Amarjit Gill, Harvinder S. Mand, Parminder S. Kang and Gaganpreet Kaur

International Journal of Corporate Governance, 2024, vol. 14, issue 1, 47-64

Abstract: The current study investigates the impact of family board members (FBM) and the CEO's business education (CEO_BUSEDU) on the investment in information technology (INVEST_IT) in family business enterprises (FBEs). This study considered using a survey research design to collect data from owners of FBEs in India. As robustness checks, this study utilised a two-stage least (2SLS) square model to reduce endogeneity problems. Empirical analysis shows that FBM and CEO_BUSEDU increase INVEST_IT, and financial support from foreign family members moderates the relationship between FBM and INVEST_IT. The empirical results contribute to the literature on the impact of FBM and CEO_BUSEDU on INVEST_IT. In addition, the results may help academia extend the studies on family board members, CEOs' business education, and INVEST_IT by collecting data from different countries. Furthermore, family business owners may find the results helpful in increasing INVEST_IT.

Keywords: family board members; FBM; CEO's business education; investment in information technology; India. (search for similar items in EconPapers)
Date: 2024
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