DIRECTORS’ BOARD, R&D INVESTMENT AND THE FIRM’S PERFORMANCE: EVIDENCE FROM THE FRENCH CASE

Corporate Board: Role, Duties & Composition

关键词: Outside Directors;    Dual Structure;    Board Size;    R&;    D;    Performance;   

DOI  :  10.22495/cbv10i2art7

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

This research paper examines the relationship between the board of directors and the firm’s performance from the angle of the R&D investment level in the French context and from some perspectives of corporate governance. Our model seeks to show if the R&D investment level acts as a mediating variable between, on the one hand, the dominance of outside directors, the dual structure and the size of the board, and on the other hand, the performance. This empirical study is based on a sample of 178 French firms for the period 2008-2012. The results of the linear regressions conducted show that the relationships between the variables linked to the composition of the board and the firm’s performance are meditated by the firm’s R&D investment level.

【 授权许可】

CC BY-NC