The effect of board of directors on R&D intensity: board tenure and multiple directorships
Abstract
Taking a combination between agency theory and resource dependence theory, we point out that directors' capital may have an effect on R&D strategies. A sample of both high‐tech and low‐tech industries for the period 2007–2011 is used. The results indicate that, regardless of the type of industry and the specific expertise on R&D intensive companies, board members with multiple directorships influence R&D corporate strategies. The...
Paper Details
Title
The effect of board of directors on R&D intensity: board tenure and multiple directorships
Published Date
Mar 29, 2017
Journal
Volume
47
Issue
5
Pages
701 - 714
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