The roles of directors from related industries on enterprise innovation

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dc.contributor.authorLiang, Wen
dc.contributor.authorSong, Simiao
dc.contributor.authorXie, Ying
dc.contributor.authorLiu, Sanhong
dc.date.accessioned2024-09-05T12:27:24Z
dc.date.available2024-09-05T12:27:24Z
dc.date.freetoread2024-09-05
dc.date.issued2024-08-14
dc.date.pubOnline2024-08-14
dc.description.abstractTo remain agile in response to market dynamics, foster innovation, and effectively manage potential risks, companies draw upon information from both their upstream and downstream sup-ply chain collaborators to enhance their core competitiveness. This research, conducted on A-share listed companies in Shanghai and Shenzhen from 2010 to 2021, empirically investigates the influence of directors from upstream or downstream supply chain collaborators, referred to as Directors from Related Industries (DRIs), on corporate innovation activities. This study reveals that DRIs significantly boost the innovation activities of enterprises, irrespective of their position within the operational structure. When there is considerable information asymmetry in the related industries of the industry chain, the impact of DRIs on enterprise innovation is evident in both input and output aspects. Conversely, when management has serious concerns about their career, the impact is primarily on the input side. This underscores the role of DRIs in providing relevant information about upstream and downstream industries and alleviating management’s career anxieties, enhancing their effectiveness in consulting and supervising innovation. By examining the economic consequence, corporate innovation emerges as a potential mechanism through which industry chain directors can enhance corporate value. This research delves into the effects of DRIs on enterprise innovation, offering valuable theoretical and practical insights for advancing innovation within the context of value chain integration.
dc.description.journalNameSustainability
dc.description.sponsorshipThis research was funded by the Zhejiang Philosophy and Social Science Planning Project (No. 24NDJC218YBM), the Hangzhou Philosophy and Social Science Planning Project (No. Z22JC094), And the National Social Science Foundation of China (No. 21BGL184).
dc.identifier.citationLiang W, Song S, Xie Y, Liu S. (2024) The roles of directors from related industries on enterprise innovation. Sustainability, Volume 16, Issue 16, August 2024, Article number 6960
dc.identifier.eissn2071-1050
dc.identifier.elementsID551803
dc.identifier.issn2071-1050
dc.identifier.issueNo16
dc.identifier.paperNo6960
dc.identifier.urihttps://doi.org/10.3390/su16166960
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/22891
dc.identifier.volumeNo16
dc.languageEnglish
dc.language.isoen
dc.publisherMDPI
dc.publisher.urihttps://www.mdpi.com/2071-1050/16/16/6960
dc.rightsAttribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subject35 Commerce, Management, Tourism and Services
dc.subject3502 Banking, Finance and Investment
dc.subject3507 Strategy, Management and Organisational Behaviour
dc.subject46 Information and Computing Sciences
dc.subject4609 Information Systems
dc.subject9 Industry, Innovation and Infrastructure
dc.subjectdirectors from related industries
dc.subjectcorporate innovation
dc.subjectdirector function
dc.subjectenterprise value
dc.titleThe roles of directors from related industries on enterprise innovation
dc.typeArticle
dcterms.dateAccepted2024-08-12

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