Articles producció científica> Gestió d'Empreses

Board effects on innovation in family and non-family business

  • Identification data

    Identifier: imarina:8787046
    Authors:
    Pablo Gonzales-Bustos, JuanBeatriz Hernandez-Lara, AnaLi, Xiaoni
    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.
  • Others:

    Author, as appears in the article.: Pablo Gonzales-Bustos, Juan; Beatriz Hernandez-Lara, Ana; Li, Xiaoni
    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: 2024-06-28
    Papper version: info:eu-repo/semantics/publishedVersion
    Link to the original source: https://www.sciencedirect.com/science/article/pii/S2405844020318235
    Papper original source: Heliyon. 6 (9): e04980-
    APA: Pablo Gonzales-Bustos, Juan; Beatriz Hernandez-Lara, Ana; Li, Xiaoni (2020). Board effects on innovation in family and non-family business. Heliyon, 6(9), e04980-. DOI: 10.1016/j.heliyon.2020.e04980
    Licence document URL: https://repositori.urv.cat/ca/proteccio-de-dades/
    Article's DOI: 10.1016/j.heliyon.2020.e04980
    Entity: Universitat Rovira i Virgili
    Journal publication year: 2020
    Publication Type: Journal Publications
  • Keywords:

    Multidisciplinary,Multidisciplinary Sciences
    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
    Multidisciplinary sciences
    Multidisciplinary
    Medicina i
    Ciências biológicas ii
    Ciências biológicas i
    Biotecnología
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