Board Networks and Corporate Innovation

Chinghung Chang, Qingqing Wu · 2020 · Management Science

Summary. Well-connected corporate boards drive stronger innovation performance and output quality. The effect intensifies when firms need more external advice or face agency problems. Companies seeking external financing gain particular advantage from board connections to bankers. The researchers establish causality through director deaths, retirements, and regulatory changes affecting board composition, and show that connection types and director characteristics explain variation in outcomes.

Read the original

Cite this article

Chang, C., & Wu, Q.. (2020). Board Networks and Corporate Innovation. Management Science. https://doi.org/10.1287/mnsc.2020.3587

@article{chang-2020-board-networks-corporate-innovation,
  title   = {Board Networks and Corporate Innovation},
  author  = {Chinghung Chang and Qingqing Wu},
  journal = {Management Science},
  year    = {2020},
  doi     = {10.1287/mnsc.2020.3587},
  url     = {https://doi.org/10.1287/mnsc.2020.3587}
}

TY  - JOUR
TI  - Board Networks and Corporate Innovation
AU  - Chinghung Chang
AU  - Qingqing Wu
JO  - Management Science
PY  - 2020
DO  - 10.1287/mnsc.2020.3587
UR  - https://doi.org/10.1287/mnsc.2020.3587
ER  -

Details

DOI: 10.1287/mnsc.2020.3587
Countries: United States
Regions: North America
Categories: innovation-networks, general-innovation
Added: 2026-04-28