CINECA IRIS Institutional Research Information System
IRIS è l'Anagrafe della ricerca dell'Università degli Studi di Trento, e ha lo scopo di raccogliere, documentare, conservare e diffondere, anche ad accesso aperto, la produzione scientifica degli autori afferenti all'Università degli Studi di Trento.
EnglishIn this article we analyse how board characteristics influence firm innovation. Firm innovation refers to basic innovation and entrepreneurial activities internal to a firm, such as the firm emphasis on new product development, innovation technology, and RandD investments. Drawing on agency theory, we developed hypotheses on specific board structural characteristics - i.e., board size, outsider ratio, directors’ shareholdings, and CEO duality - and firm innovation. We tested our model on a sample of 301 large manufacturing Italian companies. We find support for our argument that – contrary to predictions of agency theory on CEO ownership - directors’ shareholdings negatively influence firm propensity to innovate. Our results also suggest that board size may play a role in shaping firm propensity toward innovation.
Boards of Directors and Firm Innovation: an Empirical Analysis on Large Italian Companies / Zona, Fabio; A., Minichilli; A., Zattoni. - STAMPA. - (2009), pp. 495-504.
| Titolo: | Boards of Directors and Firm Innovation: an Empirical Analysis on Large Italian Companies | |
| Autori: | Zona, Fabio; A., Minichilli; A., Zattoni | |
| Autori Unitn: | ||
| Titolo del volume contenente il saggio: | The Value Creating Board. Corporate Governance and Organizational Behaviour | |
| Luogo di edizione: | London; New York | |
| Casa editrice: | Routledge | |
| Anno di pubblicazione: | 2009 | |
| ISBN: | 9780415437424 | |
| Handle: | http://hdl.handle.net/11572/120259 | |
| Citazione: | Boards of Directors and Firm Innovation: an Empirical Analysis on Large Italian Companies / Zona, Fabio; A., Minichilli; A., Zattoni. - STAMPA. - (2009), pp. 495-504. | |
| Appare nelle tipologie: | 02.1 Saggio su volume miscellaneo o Capitolo di libro (Essay or Book Chapter) |
File in questo prodotto:
| File | Descrizione | Tipologia | Licenza | |
|---|---|---|---|---|
| Zona_Zattoni_Minichilli_2009inHuse.pdf | Versione editoriale (Publisher’s layout) | Tutti i diritti riservati (All rights reserved) | Administrator |
Copyright © 2022