BOARDROOM DIVERSITY AND INNOVATION IN THE UAE BANKS

Perihan Iren and Kienpin Tee
Additional contact information
Perihan Iren: Zayed University, P. O. Box 144534, Abu Dhabi, UAE
Kienpin Tee: Zayed University, P. O. Box 144534, Abu Dhabi, UAE

International Journal of Innovation Management (ijim), 2018, vol. 22, issue 03, 1-25

Abstract: Corporate governance carries strategic importance and should be addressed correctly by decision-makers. Corporate finance literature suggests that diverse boards are a part of good corporate governance practice. However, it is not clear how diverse board characteristics might affect innovation and innovation search strategies. Utilising the data from 25 banks listed in the UAE stock exchanges, this study evaluates the impact of boardroom diversity on firm innovativeness both before and after the drop in the oil prices. The results show that although gender and education do not significantly affect innovativeness of banks, having more experienced and independent board members enhances the innovation. The effect of experienced board members on innovation is more pronounced during the oil price drop period, whereas the effect of independent board members decreases after the drop in the oil prices.

Keywords: Board diversity; corporate governance; innovation; bank; UAE; oil crisis (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S1363919618500299
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijimxx:v:22:y:2018:i:03:n:s1363919618500299

Ordering information: This journal article can be ordered from

DOI: 10.1142/S1363919618500299

Access Statistics for this article

International Journal of Innovation Management (ijim) is currently edited by Joe Tidd

More articles in International Journal of Innovation Management (ijim) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().