Do STEM-Educated Boards Contribute to Innovation Activities in Large Companies?

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

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Original languageEnglish
Pages (from-to)32-35
Journal / PublicationIEEE Engineering Management Review
Volume46
Issue number4
Online published28 Nov 2018
Publication statusPublished - Dec 2018

Abstract

Corporate boards play an important role in formulating long-term strategies, implementing short-term objectives, and monitoring various strategic decisions made by executives. For companies with innovation as a strategic objective, it is important to identify a board that promotes and motivates innovation. Our study shows that corporate boards with more directors who have received a science, technology, engineering, and mathematics (STEM) education tend to promote more innovation activities, such as new technology invention, patent applications, and research and development investments. Our findings provide these innovative companies with useful information for identifying directors who may exercise a positive impact on corporate innovation.

Research Area(s)

  • Companies, Corporate Board, Directors, Industries, Innovation, Monitoring, Patents, STEM, Technological innovation

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