Relationship between Board power and New product introduction: Evidence from the Sarbanes – Oxley Act (SOX)

• Main Authors: Nguyen Hong Thoa, 阮洪華
• Other Authors: I – JU CHEN
• Format: Others
• Language: en_US
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/vka375

碩士 === 元智大學 === 財務金融暨會計碩士班(財務金融學程) === 104 === This study examines the causal effects of board power on innovative development of firm. We find that less board stock ownership, more independent boards, higher level of director compensation and board power are associated with more innovative activities. We also show some evidence that the positive impacts of independent board, director compensation and board power on firm innovation tend to be weaker after SOX Act. Our study contributes to the literature that firm innovative activities are considerably associated to corporate governance, and this relation is affected by government regulations.