Author, as appears in the article.: Gonzales-Bustos JP; Hernández-Lara AB; Li X

Department: Gestió d'Empreses

URV's Author/s: Gonzales Bustos, Juan Pablo / Hernandez Lara, Ana Beatriz / Li, Xiaoni

Keywords: Top management team Strategic management Research-and-development Research and development Ownership structure Organizational theory Management Innovation Independent directors Gender Firm performance Family businesses Family business Duality Diversity Directors Development investment Corporate governance Ceo power Business management Board of directors Agency research and development organizational theory management innovation independent directors gender family businesses family business duality corporate governance business management board of directors

Abstract: © 2020 The Authors This paper contributes to the corporate governance and innovation literature by providing empirical evidence with respect to the influence of composition of the board and its leadership structure on innovation. Also, this study seeks to investigate if such influence differs when comparing family and non-family business. Data were collected from 86 Spanish companies of innovative sectors from 2003 to 2014. The results show that innovation is affected positively by board size, especially in the case of family businesses, and gender diversity, especially in non-family businesses. Similarly, findings also point out that duality is better than the independence of functions in the case of non-family businesses. Finally, obtained results support that independent directors have a negative impact on innovation and such negative influence is even stronger in family firms. These findings contribute to an inconclusive literature regarding board effects on innovation, highlighting different recommendations depending on whether the companies are family businesses or not.

Thematic Areas: Multidisciplinary sciences Multidisciplinary Medicina i Ciências biológicas ii Ciências biológicas i Biotecnología

licence for use: https://creativecommons.org/licenses/by/3.0/es/

ISSN: 24058440

Author's mail: juanpablo.gonzales@urv.cat anabeatriz.hernandez@urv.cat xiaoni.li@urv.cat

Author identifier: 0000-0003-2356-5752 0000-0002-8110-9328 0000-0002-4047-4046

Record's date: 2023-02-19

Papper version: info:eu-repo/semantics/publishedVersion

Link to the original source: https://www.sciencedirect.com/science/article/pii/S2405844020318235

Licence document URL: http://repositori.urv.cat/ca/proteccio-de-dades/

Papper original source: Heliyon. 6 (9): e04980-

APA: Gonzales-Bustos JP; Hernández-Lara AB; Li X (2020). Board effects on innovation in family and non-family business. Heliyon, 6(9), e04980-. DOI: 10.1016/j.heliyon.2020.e04980

Article's DOI: 10.1016/j.heliyon.2020.e04980

Entity: Universitat Rovira i Virgili

Journal publication year: 2020

Publication Type: Journal Publications