Essays on the Role of Inventors on Corporate Boards

Badawy, Mohamed and Ghaly, Mohamed and Boyallian, Patricia (2024) Essays on the Role of Inventors on Corporate Boards. PhD thesis, Lancaster University.

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Abstract

This thesis consist of two self-contained studies in the area of empirical corporate finance. The first essay examines how directors with patenting expertise affect corporate innovation. We find strong evidence of a positive relation between inventor-directors and firm innovation. Firms with inventors on their boards spend more on R&D, generate more patents, and their patents receive a higher number of citations and have greater economic value. The effects are stronger when inventor-directors are active and more influential. Additionally, we find that firms with inventor-directors are more likely to engage in radical and explorative innovations across a wider array of technology classes. Our results shed light on the importance of directors’ innovation experience in facilitating firms’ innovation efforts. The second essay studies the impact of female inventor-directors on the performance of female inventors within firms. We find that female directors with innovation (patenting) experience are positively related to the patenting performance of a firm’s female inventors as measured by the number, citations, value, and importance of patents they file. Firms with female inventor-directors employ more female inventors, who are more productive, and have a greater contribution to firm innovation. Further results show that the innovation productivity gender gap between male and female inventors shrinks with the presence of female inventor-directors. These effects are more pronounced when the female director is a star inventor.

Item Type:
Thesis (PhD)
Uncontrolled Keywords:
Research Output Funding/no_not_funded
Subjects:
?? no - not funded ??
ID Code:
221638
Deposited By:
Deposited On:
21 Jun 2024 15:15
Refereed?:
No
Published?:
Published
Last Modified:
16 Jul 2024 06:08