Rookie directors and corporate innovation: evidence from Chinese listed firms

被引：13

作者：

Ullah, Farid ^{[1
]}

Jiang, Ping ^{[2
,4
]}

Mu, Weiwei ^{[2
]}

Elamer, Ahmed A. ^{[3
]}

机构：

[1] Xijing Univ, Sch Accounting, Xian, Shaanxi, Peoples R China

[2] Univ Int Business & Econ, Sch Int Trade & Econ, Beijing, Peoples R China

[3] Brunel Univ London, Brunel Business Sch, London, England

[4] Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China

来源：

APPLIED ECONOMICS LETTERS | 2024年 / 31卷 / 19期

基金：

中国国家自然科学基金;

关键词：

Rookie directors; corporate innovation; state ownership; intellectual property right; China;

D O I：

10.1080/13504851.2023.2209308

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using a sample of Chinese listed A-share firms from 2006 to 2017, we find that firms with more rookie independent directors have less corporate innovation. The result is more pronounced in private firms and firms located in lower intellectual property right protection provinces. We argue that firms with more rookie independent directors have lower corporate governance and tend to hold more cash, thus reducing corporate innovation activities. Our results have important implications from the practice, academic, and public policy perspectives.

引用

页码：2030 / 2033

页数：4

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