Board diversity and corporate investment oversight

Harjoto, Maretno A.; Laksmana, Indrarini; Ye, Yang

doi:10.1016/j.jbusres.2018.04.033

Cited by 120 publications

(146 citation statements)

References 43 publications

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“…The R&D attitude and risk tendency of a firm's CEO may significantly influence on R&D investment [18,32]. Although research conclusions in existing literature all show that there are significant differences in risk perception, risk preference and risk-taking among top management of different genders, the difference in sense of competition between male and female is affected by social environment and can be adjusted through policy intervention [33][34][35]. The differences in gender characteristics may vary under different contexts, and female characteristics are becoming more neutral from a holistic perspective [36,37].…”

Section: Moderating Effect Of Ceo Gendermentioning

confidence: 99%

Financial Constraints and R&D Investment: The Moderating Role of CEO Characteristics

2019

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How CEOs with different characteristics act differently on R&D investment under the condition of financial constraints is an important but understudied question towards firms’ sustainable innovation. Employing the dataset from China-Enterprise Survey 2012 of the World Bank, this study tests the impact of financial constraints on firms’ R&D investment and the moderating role of CEO characteristics. Empirical results show that: (1) firm’s financial constraints have a significant restricting effect on their R&D investment; (2) internal financial constraints have no significant restricting effect on R&D investment for firms with female CEOs in comparison with firms with male CEOs, while the external financial constraints have a significant restricting effect on R&D investment for both groups. (3) CEO experience has a non-linear moderating effect on the relationship between financial constraints and a firm’s R&D investment. When the accumulated experience is overloaded, the positive moderating effect of CEO experience begins to decline and even become negative. Robustness tests further confirm these empirical findings. This study directly contributes to the literature of financing innovation and top management team’s impact on firms’ sustainable innovation, and generates insights on firms’ R&D management under the condition of financial constraints.

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Section: Moderating Effect Of Ceo Gendermentioning

confidence: 99%

Financial Constraints and R&D Investment: The Moderating Role of CEO Characteristics

2019

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“…Harjoto et al. [10] find that the balanced control mechanism will overcome the characteristics difference of the board and reach consensus. Thus, board-CEO age dissimilarity (i.e., age dissimilarity between the CEO and the entire board of directors) as an alternative to chair-CEO age dissimilarity is used to observe whether age gaps have the same effect.…”

Section: Experimental Design Materials and Methodsmentioning

confidence: 99%

Data of CEO power, chair-CEO age dissimilarity and pay gap of Chinese listed firms

2020

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This data describes the raw and processed information such as salary, power, and age of the CEO and the chairman between 2009 and 2018 in China's listed firms. The data set contains the data of variables based on the characteristic of the firm, personal, team, and supervision. The dissimilarities and similarities of the characteristics between the chairman and the CEO are the core of this data set. The dissimilarities refer to individual and team differences. Individual differences refer to differences in age, gender, tenure, experience, shareholding, and salary of the chairman and CEO, while team differences refer to differences in team size and the standard deviation of the management board members’ age. The similarities refer to joint tenure and family relations between the chairman and CEO. These variables can be used to estimate the impact of chair-CEO age dissimilarity on the relationship between CEO power and chair-CEO pay gap of the Chinese listed firms through binary probit or multinomial regression.

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“…Hasil penelitian ini tidak sejalan dengan penelitian yang dilakukan oleh [8] memperoleh hasil penelitian menunjukkan bahwa pendidikan berpengaruh positif terhadap kinerja perusahaan, karena dengan adanya keragaman pendidikan dapat meningkatkan kinerja perusahaan.…”

Section: Pengaruh Pendidikan Dewan Direksi (Pdd) Terhadap Roaunclassified

Pengaruh Board Diversity Terhadap Kinerja Perusahaan

Ramadhan

2021

ekobistek

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This study aims to determine how the influence of Board Diversity on company performance in manufacturing companies listed on the Indonesia Stock Exchange. The sample in this study was taken at manufacturing companies on the Indonesia Stock Exchange, as many as 125 companies with a research period of 4 years from 2015-2018.The results showed that the gender variable of the board of directors had a significant negative effect on company performance, the age of the board of directors did not have a significant effect on company performance, while the ethnic variable of the board of directors had a significant positive effect on company performance and the education of the board of directors did not have a significant negative effect on company performance. Firm size control variable has a significant negative effect on company performance.

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Board diversity and corporate investment oversight

Cited by 120 publications

References 43 publications

Financial Constraints and R&D Investment: The Moderating Role of CEO Characteristics

Financial Constraints and R&D Investment: The Moderating Role of CEO Characteristics

Data of CEO power, chair-CEO age dissimilarity and pay gap of Chinese listed firms

Pengaruh Board Diversity Terhadap Kinerja Perusahaan

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