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Impact of family board members and CEO's business education on the investment in information technology

Author

Listed:
  • Amarjit Gill
  • Harvinder S. Mand
  • Parminder S. Kang
  • Gaganpreet Kaur

Abstract

The current study investigates the impact of family board members (FBM) and the CEO's business education (CEO_BUSEDU) on the investment in information technology (INVEST_IT) in family business enterprises (FBEs). This study considered using a survey research design to collect data from owners of FBEs in India. As robustness checks, this study utilised a two-stage least (2SLS) square model to reduce endogeneity problems. Empirical analysis shows that FBM and CEO_BUSEDU increase INVEST_IT, and financial support from foreign family members moderates the relationship between FBM and INVEST_IT. The empirical results contribute to the literature on the impact of FBM and CEO_BUSEDU on INVEST_IT. In addition, the results may help academia extend the studies on family board members, CEOs' business education, and INVEST_IT by collecting data from different countries. Furthermore, family business owners may find the results helpful in increasing INVEST_IT.

Suggested Citation

  • Amarjit Gill & Harvinder S. Mand & Parminder S. Kang & Gaganpreet Kaur, 2024. "Impact of family board members and CEO's business education on the investment in information technology," International Journal of Corporate Governance, Inderscience Enterprises Ltd, vol. 14(1), pages 47-64.
    • Handle: RePEc:ids:ijcgov:v:14:y:2024:i:1:p:47-64
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