TY - JOUR AU - Xie, Xaunli AU - O'Neill, Hugh PY - 2013/10/15 Y2 - 2024/03/29 TI - Boards As Resource Providers and Monitors For Research and Development JF - Journal of Business Strategies JA - J Bus Strategies VL - 30 IS - 2 SE - Research Articles DO - 10.54155/jbs.30.2.180-204 UR - https://jbs-ojs-shsu.tdl.org/jbs/article/view/83 SP - 180-204 AB - <p>Innovation is essential for every organization. Yet the relationship between<br>boards and innovation remains unclear. We argue that boards not only monitor,<br>but also provide resources, and innovations require both proper levels of resources<br>(skills) from the board, and appropriate forms of control. In this study, we integrate<br>resource-dependence and agency perspectives to examine how a board’s knowledge<br>and skills (board diversity) and a board’s preference for behavior based controls<br>(board composition) influence the board’s ability to provide resources and design<br>controls, which in turn affect the level of research and development intensity in<br>the firm. Hypotheses are tested using a panel data set of firms in research intensive<br>industries.</p> ER -