Do STEM-educated boards contribute to innovation activities in large companies?

Tien Shih Hsieh, Jeong Bon Kim, Ray R WANG, Zhihong Wang*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

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 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.

Original languageEnglish
Article number8550660
Pages (from-to)32-35
Number of pages4
JournalIEEE Engineering Management Review
Volume46
Issue number4
DOIs
Publication statusPublished - Dec 2018

Scopus Subject Areas

  • Strategy and Management
  • Electrical and Electronic Engineering

User-Defined Keywords

  • corporate board
  • directors
  • innovation
  • STEM

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