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Directors assigned by non-state shareholders and innovation in state-owned enterprises

Author

Listed:
  • Wang, Chenxi
  • Duan, Ran
  • Pan, Xingguang

Abstract

This paper selects a sample of China's A-share listed companies from 2012 to 2022 to study the impact of non-state shareholders' assigned directors' governance on innovation activities and performance. It is found that assigned directors from non-state shareholders can effectively promote innovative R&D inputs and outputs of state-owned enterprises (SOEs) and that political affiliation can positively regulate the overall impact of assigned directors from non-state shareholders on the improvement of the innovation level of SOEs.

Suggested Citation

  • Wang, Chenxi & Duan, Ran & Pan, Xingguang, 2024. "Directors assigned by non-state shareholders and innovation in state-owned enterprises," Finance Research Letters, Elsevier, vol. 66(C).
    • Handle: RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324006780
    DOI: 10.1016/j.frl.2024.105648
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