Directors’ board, R&amp;D investment and the firm’s performance: Evidence from the French case

Zouari, Ghazi; Zouari‐Hadiji, Rim

doi:10.22495/cbv10i2art7

Cited by 11 publications

(17 citation statements)

References 43 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Like previous studies, we define the economic performance of the firm by the Return On Assets "ROA" operating income before depreciation and R & D / total assets (Zouari and Zouari-Hadiji, 2014a; 2014b) 2 and financial performance by the Market to Book "MTB" = market capitalization / book value of equity (Zouari and Zouari-Hadiji, 2014a;2014b).…”

Section: Dependent Variable: the Performance Of The Firmmentioning

confidence: 99%

The Indirect Impact of Overconfidence on the Performance of Tunisian Firms Through their Financing Structure

Dahmani

Zouari²

2016

Financial Risk and Management Reviews

Self Cite

View full text Add to dashboard Cite

In the current framework of behavioral corporate finance, this article studies the relationship between the managers' overconfidence and firm performance through the financing structure in the Tunisian context. Our model seeks to identify if the financing structure as a mediating variable between the performance and overconfidence. The empirical study is based on a sample of 56 firm managers for the year 2014. The results of the conducted regressions confirm the existence of a mediating effect of the financing structure on the relationship between overconfidence and the performance of Tunisian firms.

show abstract

Section: Dependent Variable: the Performance Of The Firmmentioning

confidence: 99%

The Indirect Impact of Overconfidence on the Performance of Tunisian Firms Through their Financing Structure

Dahmani

Zouari²

2016

Financial Risk and Management Reviews

Self Cite

View full text Add to dashboard Cite

show abstract

“…With R&D; the firms attempt to develop or generate new service to answer a customer's needs and wants (Johnson et al, 2014). R&D is a resource in the pursuit of competitive advantage because using R&D can help maximize benefits for those customers, increase customer loyalty (Park &Nicolau, 2019), and increase performance and profitability (Zouari & Zouari-Hadiji, 2014). Rubera and Kirca (2017) prove that the satisfaction effects from innovative efforts are a market-based asset available for the firm to improve performance.…”

Section: The Impact Of Randd On Csr Categoriesmentioning

confidence: 99%

CSR categories and R&D investment: the moderating role of Managerial emotional intelligence

Ezzi

Jarboui

Zouari‐Hadiji

2020

Management &Amp; Marketing. Challenges for the Knowledge Society

Self Cite

View full text Add to dashboard Cite

The purpose of this paper was to determine the important role of Chief Executive Officer emotional intelligence to explain the interaction relationship between research and development investment and corporate social responsibility categories. This research relied on the completion of a questionnaire type inquiry structured around the table-based analysis. The questionnaire was sent out to a large sample of Tunisian firms’ Chief Executive Officer. The results of the 96 valid responses were entered for analysis by the partial least squares method. They show the significant effect of Chief Executive Officers’ emotional intelligence on the relation between corporate social responsibility categories (customer, employee, community, territory and environment) and research and development investment. In addition, the Chief Executive Officer emotional intelligence provided explanations into research and development investment for the corporate social responsibility problems in Tunisia. Firstly, this study emphasized the important role of research and development investment in the corporate social responsibility categories. Secondly, a new data analysis method “decision-tree” was applied to estimate the moderating effects of managerial emotional intelligence on the CSR – R&D relationship.

show abstract

“…Also, Yu and Wang (2018) suggest that firms with comparatively robust CG instruments, stakeholders tend to have more correct beliefs about firms’ future performance, less asymmetry and investor expectations about earnings change more slickly over the year. This implies that CG performs a significant part in the expectedness of firm’s future performance and, thus, advances the financial environment (Agyemang-Mintah and Schadewitz, 2019; Ko et al , 2019; Sial et al , 2019; Ullah et al , 2019; Waresul Karim et al , 2013; Zouari and Zouari-Hadiji, 2014).…”

Section: Introductionmentioning

confidence: 99%

Board structure and corporate R&D intensity: evidence from Forbes global 2000

AlHares

Elamer

Alshbili

et al. 2020

IJAIM

View full text Add to dashboard Cite

Purpose This study aims to examine the impact of board structure on risk-taking measured by research and development (R&D) intensity in OECD countries. Design/methodology/approach The study uses a panel data of 200 companies on Forbes global 2000 over the 2010-2014 period. It uses the ordinary least square multiple regression analysis techniques to examine the hypotheses. Findings The results show that the frequency of board meetings and board size are significantly and negatively related to risk-taking measured by R&D intensity, with a greater significance among Anglo-American countries than among Continental European countries. The rationale for this is that the legal and accounting systems in the Anglo American countries have greater protection through greater emphasis on compliance and disclosure, and therefore, allowing for less risk-taking. Research limitations/implications Future research could investigate risk-taking using different arrangements, conducting face-to-face meetings with the firm’s directors and shareholders. Practical implications The results suggest that better-governed firms at the firm- or national-level have a high expectancy of less risk-taking. These results offer regulators a resilient incentive to pursue corporate governance (CG) and disclosure reforms officially and mutually with national-level governance. Thus, these results show the monitoring and legitimacy benefits of governance, resulting in less risk-taking. Finally, the findings offer investors the opportunity to build specific expectations about risk-taking behaviour in terms of R&D intensity in OECD countries. Originality/value This study extends and contributes to the extant CG literature, by offering new evidence on the effect of board structure on risk-taking. The findings will help policymakers in different countries in estimating the sufficiency of the available CG reforms to prevent management mishandle and disgrace.

show abstract

Directors’ board, R&D investment and the firm’s performance: Evidence from the French case

Cited by 11 publications

References 43 publications

The Indirect Impact of Overconfidence on the Performance of Tunisian Firms Through their Financing Structure

The Indirect Impact of Overconfidence on the Performance of Tunisian Firms Through their Financing Structure

CSR categories and R&D investment: the moderating role of Managerial emotional intelligence

Board structure and corporate R&D intensity: evidence from Forbes global 2000

Contact Info

Product

Resources

About