DOI: 10.5176/2251-1997_AF37
Authors: Hsiang-Lan Chen
Abstract:
This study investigates the effect of board capital by utilizing a data set of electric firms listed on the Taiwan Stock Exchange Corporations. The empirical results indicate that board size and directors' educational level significantly influence R&D investment, The impact of the frequency of board meetings on R&D investment is positive, but not significant. The findings provide once important managerial implication that firms competing on innovation may consider having a smaller board or giving considerable weight to the nomination of highly educated directors to the board.
Keywords: R&D investment, board size, directors' educational level, frequency of board meetings.
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