Papers in Innovation Studies, CIRCLE, Center for Innovation, Research and Competences in the Learning Economy, Lund University
Board control and corporate innovation: an empirical study of small technology-based firms
() and Diamanto Politis
Abstract: This paper follows a behavioural perspective on boards and
governance in exploring the influence of board control on corporate
innovation in small technology-based firms. An analysis of 135 Swedish
technology-based firms suggests that board involvement in decision control
may influence corporate innovation. The empirical results show that board
involvement in strategic decision control is positively associated with
process innovation, while board involvement in financial decision control
is positively associated with organizational innovation. No association is
found between board involvement in decision control and product innovation.
Overall, the findings suggest that board involvement in decision control
may promote corporate innovation but that different kinds of decision
control influence different forms of innovation.
Keywords: boards of directors; corporate innovation; decision control; technology-based firms; small firms; (follow links to similar papers)
JEL-Codes: O30; (follow links to similar papers)
23 pages, June 1, 2006
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