Directors’ board, R&D investment and firm’s performance: Evidence from France
2015; Publishing house "Virtus Interpress"; Volume: 11; Issue: 1 Linguagem: Inglês
10.22495/cbv11i1c1art3
ISSN2312-2722
AutoresGhazi Zouari, Rim Zouari‐Hadiji,
Tópico(s)Working Capital and Financial Performance
ResumoThis research examines the relationship between the board of directors and firm’s performance through the R&D investment-level in the French context from perspectives of corporate governance. Our model seeks to identify if the R&D investment-level acts as a mediating variable between, on the one hand, the dominance of outside directors, the dual structure and the board size, and secondly, the performance. The empirical study is based on a sample of 178 French firms for the period 2008-2012. The results of the linear regressions conducted show that the relationship between boards composition linked variables and the firm performance are meditated by the firm R&D investment-level.
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