Research and development investment and board characteristics
This study examines the impact of board characteristics on Research and Development (R&D) investment decisions in 102 French companies from 2010 to 2021. Employing generalized least squares, the Newey-West estimator, and weighted least squares methods, we comprehensively analyze the relationship...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2025-12-01
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| Series: | Cogent Business & Management |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23311975.2025.2454324 |
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| author | Ahlem Selma Messai Fathi Jouini |
| author_facet | Ahlem Selma Messai Fathi Jouini |
| author_sort | Ahlem Selma Messai |
| collection | DOAJ |
| description | This study examines the impact of board characteristics on Research and Development (R&D) investment decisions in 102 French companies from 2010 to 2021. Employing generalized least squares, the Newey-West estimator, and weighted least squares methods, we comprehensively analyze the relationships between board size, independence, gender diversity, meeting frequency, CEO duality with R&D expenditure. Our findings highlight significant associations between certain board characteristics and R&D investment. Specifically, smaller boards, gender-diverse boards, and more frequent board meetings positively correlate with R&D spending, underscoring the role of diverse perspectives and active board engagement in fostering innovation. Moreover, our study integrates multiple econometric techniques, reinforcing the robustness of our findings. We reveal the importance of board composition in shaping strategic decisions regarding R&D investment, offering nuanced insights into their influence in the French context. Our results emphasize the critical role of corporate governance structures in driving R&D investment behavior, contributing to firms’ long-term performance and competitiveness through enhanced innovation and knowledge development. |
| format | Article |
| id | doaj-art-a5beddf6b0f94f54ad5f29eabc54e8fd |
| institution | Kabale University |
| issn | 2331-1975 |
| language | English |
| publishDate | 2025-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Business & Management |
| spelling | doaj-art-a5beddf6b0f94f54ad5f29eabc54e8fd2025-02-04T08:59:41ZengTaylor & Francis GroupCogent Business & Management2331-19752025-12-0112110.1080/23311975.2025.2454324Research and development investment and board characteristicsAhlem Selma Messai0Fathi Jouini1Department of Finance, College of Business, King Faisal University, Al Ahsa, Saudi ArabiaDepartment of Accounting, College of Business, King Faisal University, Al Ahsa, Saudi ArabiaThis study examines the impact of board characteristics on Research and Development (R&D) investment decisions in 102 French companies from 2010 to 2021. Employing generalized least squares, the Newey-West estimator, and weighted least squares methods, we comprehensively analyze the relationships between board size, independence, gender diversity, meeting frequency, CEO duality with R&D expenditure. Our findings highlight significant associations between certain board characteristics and R&D investment. Specifically, smaller boards, gender-diverse boards, and more frequent board meetings positively correlate with R&D spending, underscoring the role of diverse perspectives and active board engagement in fostering innovation. Moreover, our study integrates multiple econometric techniques, reinforcing the robustness of our findings. We reveal the importance of board composition in shaping strategic decisions regarding R&D investment, offering nuanced insights into their influence in the French context. Our results emphasize the critical role of corporate governance structures in driving R&D investment behavior, contributing to firms’ long-term performance and competitiveness through enhanced innovation and knowledge development.https://www.tandfonline.com/doi/10.1080/23311975.2025.2454324R&D investmentboard of directorsgender diversitycorporate governanceinnovationFrench companies |
| spellingShingle | Ahlem Selma Messai Fathi Jouini Research and development investment and board characteristics Cogent Business & Management R&D investment board of directors gender diversity corporate governance innovation French companies |
| title | Research and development investment and board characteristics |
| title_full | Research and development investment and board characteristics |
| title_fullStr | Research and development investment and board characteristics |
| title_full_unstemmed | Research and development investment and board characteristics |
| title_short | Research and development investment and board characteristics |
| title_sort | research and development investment and board characteristics |
| topic | R&D investment board of directors gender diversity corporate governance innovation French companies |
| url | https://www.tandfonline.com/doi/10.1080/23311975.2025.2454324 |
| work_keys_str_mv | AT ahlemselmamessai researchanddevelopmentinvestmentandboardcharacteristics AT fathijouini researchanddevelopmentinvestmentandboardcharacteristics |