Friendly boards and innovation

• Main Authors: Zhang, Le, Kang, Jun-Koo, Liu, Wei-Lin, Low, Angie
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2019
• Subjects: Board Of Directors; Corporate Innovation; DRNTU::Business::Finance
• Online Access: https://hdl.handle.net/10356/86206; http://hdl.handle.net/10220/48301
• Institution: Nanyang Technological University

We examine how friendly boards affect firm innovation. Using CEO-director social connections as a measure of board friendliness, we find that firms with friendly boards create more patents and citations. The positive relation between friendly boards and innovation are more pronounced when firms’ adv...