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Board team faultlines and enterprise innovation investment

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  • Zhang, Ruixue
  • Li, Boya

Abstract

This paper selects the data of China's A-share listed companies from 2012 to 2022 to study the relationship between the board of directors' fault zones and firms' innovation investment. It is found that the larger the board team faultlines is, the more board members can utilize their respective expertise, which has a positive impact on innovation investment; the unity of the duality of the board of directors can enhance the positive impact of the board team faultlines on the innovation investment of the enterprise. Compared with state-owned enterprises, non-state-owned enterprises are more enthusiastic about exerting the board's subjective ability to enhance innovation strategies.

Suggested Citation

  • Zhang, Ruixue & Li, Boya, 2024. "Board team faultlines and enterprise innovation investment," Finance Research Letters, Elsevier, vol. 66(C).
    • Handle: RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324006317
    DOI: 10.1016/j.frl.2024.105601
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    References listed on IDEAS

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