The board of directors and firm innovation: A meta-analytical review

The literature on corporate governance has highlighted the importance of board characteristics related to firm innovation. However, empirical findings have not been totally conclusive, and some seem contradictory. Adopting a new perspective, we have tried to help resolve the puzzle using a meta-anal...

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Detalles Bibliográficos
Autores: Sierra Morán, Johana, Cabeza García, Laura, González Álvarez, Nuria, Botella Ausina, Juan
Tipo de recurso: artículo
Fecha de publicación:2021
País:España
Institución:Universidad Autónoma de Madrid
Repositorio:Biblos-e Archivo. Repositorio Institucional de la UAM
Idioma:inglés
OAI Identifier:oai:repositorio.uam.es:10486/720382
Acceso en línea:http://hdl.handle.net/10486/720382
https://dx.doi.org/10.1177/23409444211039856
Access Level:acceso abierto
Palabra clave:Board of directors
corporate governance
firm innovation
meta-analysis
Psicología
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spelling The board of directors and firm innovation: A meta-analytical reviewSierra Morán, JohanaCabeza García, LauraGonzález Álvarez, NuriaBotella Ausina, JuanBoard of directorscorporate governancefirm innovationmeta-analysisPsicologíaThe literature on corporate governance has highlighted the importance of board characteristics related to firm innovation. However, empirical findings have not been totally conclusive, and some seem contradictory. Adopting a new perspective, we have tried to help resolve the puzzle using a meta-analysis that integrates findings from 96 previous studies to analyze the relationship between board attributes, grouped by their relation to structural or demographic diversity, and firm innovation for the period 1988–2018. The results suggest that certain aspects of boards, such as meeting frequency and the proportions of independent directors and outsiders, show the most significant correlations with firm innovation, but the levels of association vary depending on whether innovation is measured as inputs or outputs and depending on the sample considered and the methodology employed. Finally, general guidelines are suggested regarding practical implications and future researchThe author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: Ministry of Science and Innovation under grant PID2019-105140RB-I00SageDepartamento de Psicología Social y MetodologíaFacultad de PsicologíaCognición y Personalidad: Formalización, Medición y Aplicación20212021-04-01research articlehttp://purl.org/coar/resource_type/c_2df8fbb1VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10486/720382https://dx.doi.org/10.1177/23409444211039856reponame:Biblos-e Archivo. Repositorio Institucional de la UAMinstname:Universidad Autónoma de MadridInglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial 4.0 Internationalhttp://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccessoai:repositorio.uam.es:10486/7203822026-06-23T12:46:27Z
dc.title.none.fl_str_mv The board of directors and firm innovation: A meta-analytical review
title The board of directors and firm innovation: A meta-analytical review
spellingShingle The board of directors and firm innovation: A meta-analytical review
Sierra Morán, Johana
Board of directors
corporate governance
firm innovation
meta-analysis
Psicología
title_short The board of directors and firm innovation: A meta-analytical review
title_full The board of directors and firm innovation: A meta-analytical review
title_fullStr The board of directors and firm innovation: A meta-analytical review
title_full_unstemmed The board of directors and firm innovation: A meta-analytical review
title_sort The board of directors and firm innovation: A meta-analytical review
dc.creator.none.fl_str_mv Sierra Morán, Johana
Cabeza García, Laura
González Álvarez, Nuria
Botella Ausina, Juan
author Sierra Morán, Johana
author_facet Sierra Morán, Johana
Cabeza García, Laura
González Álvarez, Nuria
Botella Ausina, Juan
author_role author
author2 Cabeza García, Laura
González Álvarez, Nuria
Botella Ausina, Juan
author2_role author
author
author
dc.contributor.none.fl_str_mv Departamento de Psicología Social y Metodología
Facultad de Psicología
Cognición y Personalidad: Formalización, Medición y Aplicación
dc.subject.none.fl_str_mv Board of directors
corporate governance
firm innovation
meta-analysis
Psicología
topic Board of directors
corporate governance
firm innovation
meta-analysis
Psicología
description The literature on corporate governance has highlighted the importance of board characteristics related to firm innovation. However, empirical findings have not been totally conclusive, and some seem contradictory. Adopting a new perspective, we have tried to help resolve the puzzle using a meta-analysis that integrates findings from 96 previous studies to analyze the relationship between board attributes, grouped by their relation to structural or demographic diversity, and firm innovation for the period 1988–2018. The results suggest that certain aspects of boards, such as meeting frequency and the proportions of independent directors and outsiders, show the most significant correlations with firm innovation, but the levels of association vary depending on whether innovation is measured as inputs or outputs and depending on the sample considered and the methodology employed. Finally, general guidelines are suggested regarding practical implications and future research
publishDate 2021
dc.date.none.fl_str_mv 2021
2021-04-01
dc.type.none.fl_str_mv research article
http://purl.org/coar/resource_type/c_2df8fbb1
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10486/720382
https://dx.doi.org/10.1177/23409444211039856
url http://hdl.handle.net/10486/720382
https://dx.doi.org/10.1177/23409444211039856
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 4.0 International
http://creativecommons.org/licenses/by-nc/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial 4.0 International
http://creativecommons.org/licenses/by-nc/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Sage
publisher.none.fl_str_mv Sage
dc.source.none.fl_str_mv reponame:Biblos-e Archivo. Repositorio Institucional de la UAM
instname:Universidad Autónoma de Madrid
instname_str Universidad Autónoma de Madrid
reponame_str Biblos-e Archivo. Repositorio Institucional de la UAM
collection Biblos-e Archivo. Repositorio Institucional de la UAM
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