Review paper
Too much of a good thing: Board monitoring and R&D investments
Abstract
Previous studies report inconsistent findings regarding how board monitoring influences firms' research and development (R&D) intensity. This study uses agency theory and resource dependence theory to argue that there is an inverted U-shaped relationship between these two constructs. By using board capital theory, the present study also postulates that this curvilinear relationship varies depending on the firm- and industry-specific human...
Paper Details
Title
Too much of a good thing: Board monitoring and R&D investments
Published Date
Aug 1, 2016
Journal
Volume
69
Issue
8
Pages
2931 - 2938
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