Board of directors as a factor of firm performance in innovative companies

Irina Berezinets, Kirill Berezkin, Yuliya Ilina, Irina Naoumova

Результат исследований: Научные публикации в периодических изданияхстатья

Аннотация

The emerging markets undergo constant transformations and changes, and thus, a change of strategy can be critical for companies. However, the impact of R&D investment on firm performance and the role of the board of directors that makes decisions about a company's innovative activities remain inconclusive. This paper investigates the relationship between a board of directors' composition and structure in innovative companies and firm performance. Using the panel data of innovative Russian public companies that made R&D investments in 2011-2013, we found a positive relationship between the boards' independence and ROA as an indicator of firm performance. Moreover, it was shown that innovative companies that establish a strategy committee will on average have a higher ROA ratio than innovative companies without such a committee. Innovative firms in emerging markets might consider creating strategic committees and increasing board independence to enhance their performance and increase the number of successful R&D investments.
Язык оригиналаанглийский
Страницы (с-по)N/A
ЖурналInternational Journal of Innovation Management
ТомN/A
Номер выпускаN/A
DOI
СостояниеЭлектронная публикация перед печатью - 2018

Предметные области Scopus

  • Бизнес, управление и бухгалтерский учет (все)

Ключевые слова

  • SCOPUS

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