Economics at your fingertips  

Board Reforms and Innovation

Muhammad Farooq Ahmad () and Oskar Kowalewski ()

No 2021-ACF-03, Working Papers from IESEG School of Management

Abstract: We study the effect of board reforms on firms’ research and development (R&D) investments utilizing a sample of 40 countries. Using a difference-in-differences analysis, we find that firmsinvest more in R&D following corporate governance reforms. Of these, two reforms–havingan independent audit committee and board independence–have a greater impact on R&Dinvestment. Additionally, we show that reforms have the largest impact on R&D investmentin hi-tech industries and the health sector.

Keywords: Corporate Governance; Board Reforms; Innovation; Research and Development (search for similar items in EconPapers)
JEL-codes: G3 O30 O32 (search for similar items in EconPapers)
Pages: 29
Date: 2021-05
New Economics Papers: this item is included in nep-acc, nep-ino, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

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:

Access Statistics for this paper

More papers in Working Papers from IESEG School of Management Contact information at EDIRC.
Bibliographic data for series maintained by Joao DA CUNHA ().

Page updated 2023-06-04
Handle: RePEc:ies:wpaper:f202103