Innovation capital disclosure and independent directors: evidence from France
<div><p>This study aims to understand whether corporate governance mechanisms affect innovation capital disclosure (ICD) provided voluntarily on corporate websites by SBF 120 listed firms in France. The study tests multivariate models using pooled OLS, random effects, and generalized met...
محفوظ في:
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| مؤلفون آخرون: | |
| منشور في: |
2024
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| الموضوعات: | |
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إضافة وسم
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| _version_ | 1864513543036993536 |
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| author | Fathia Elleuch Lahyani (18060052) |
| author2 | Salma Damak Ayadi (21841511) |
| author2_role | author |
| author_facet | Fathia Elleuch Lahyani (18060052) Salma Damak Ayadi (21841511) |
| author_role | author |
| dc.creator.none.fl_str_mv | Fathia Elleuch Lahyani (18060052) Salma Damak Ayadi (21841511) |
| dc.date.none.fl_str_mv | 2024-04-28T09:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1057/s41310-024-00241-8 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Innovation_capital_disclosure_and_independent_directors_evidence_from_France/29715017 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Business systems in context Strategy, management and organisational behaviour Innovation capital disclosure Online disclosure Independent directors Corporate governance High-technology firms |
| dc.title.none.fl_str_mv | Innovation capital disclosure and independent directors: evidence from France |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <div><p>This study aims to understand whether corporate governance mechanisms affect innovation capital disclosure (ICD) provided voluntarily on corporate websites by SBF 120 listed firms in France. The study tests multivariate models using pooled OLS, random effects, and generalized method of moments models. Firms use ICD as a useful, timely communication tool to highlight their innovation efforts. Our findings suggest that independent non-executive directors (INEDs) exhibit a conservative approach to the nature of innovation that requires extensive investigations with risky outcomes. They support discretion by limiting the extent of publicly disclosed information about research and development (R&D) progress, technological advances, and innovation output to protect the firms’ intellectual proprietary. INEDs seem to balance preserving firms’ competitive advantage and ensuring higher transparency levels to satisfy stakeholders’ needs. Additionally, board tenure moderates the relationship between INEDs and ICD. This study underscores the importance of the financial reporting of information about innovation capital that captures firms’ innovation capacities in a knowledge-based economy. It provides significant insights for management, policy-makers, and regulators who are involved in refining corporate reporting policies. This study is the first to examine the incentives of INEDs in influencing reporting practices related to a firm’s innovation investments, particularly in high-technology firms.</p><p> </p></div><h2>Other Information</h2> <p> Published in: International Journal of Disclosure and Governance<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1057/s41310-024-00241-8" target="_blank">https://dx.doi.org/10.1057/s41310-024-00241-8</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_dfed781020f4aa2d6e191b129df1820f |
| identifier_str_mv | 10.1057/s41310-024-00241-8 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/29715017 |
| publishDate | 2024 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Innovation capital disclosure and independent directors: evidence from FranceFathia Elleuch Lahyani (18060052)Salma Damak Ayadi (21841511)Commerce, management, tourism and servicesBusiness systems in contextStrategy, management and organisational behaviourInnovation capital disclosureOnline disclosureIndependent directorsCorporate governanceHigh-technology firms<div><p>This study aims to understand whether corporate governance mechanisms affect innovation capital disclosure (ICD) provided voluntarily on corporate websites by SBF 120 listed firms in France. The study tests multivariate models using pooled OLS, random effects, and generalized method of moments models. Firms use ICD as a useful, timely communication tool to highlight their innovation efforts. Our findings suggest that independent non-executive directors (INEDs) exhibit a conservative approach to the nature of innovation that requires extensive investigations with risky outcomes. They support discretion by limiting the extent of publicly disclosed information about research and development (R&D) progress, technological advances, and innovation output to protect the firms’ intellectual proprietary. INEDs seem to balance preserving firms’ competitive advantage and ensuring higher transparency levels to satisfy stakeholders’ needs. Additionally, board tenure moderates the relationship between INEDs and ICD. This study underscores the importance of the financial reporting of information about innovation capital that captures firms’ innovation capacities in a knowledge-based economy. It provides significant insights for management, policy-makers, and regulators who are involved in refining corporate reporting policies. This study is the first to examine the incentives of INEDs in influencing reporting practices related to a firm’s innovation investments, particularly in high-technology firms.</p><p> </p></div><h2>Other Information</h2> <p> Published in: International Journal of Disclosure and Governance<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1057/s41310-024-00241-8" target="_blank">https://dx.doi.org/10.1057/s41310-024-00241-8</a></p>2024-04-28T09:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1057/s41310-024-00241-8https://figshare.com/articles/journal_contribution/Innovation_capital_disclosure_and_independent_directors_evidence_from_France/29715017CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/297150172024-04-28T09:00:00Z |
| spellingShingle | Innovation capital disclosure and independent directors: evidence from France Fathia Elleuch Lahyani (18060052) Commerce, management, tourism and services Business systems in context Strategy, management and organisational behaviour Innovation capital disclosure Online disclosure Independent directors Corporate governance High-technology firms |
| status_str | publishedVersion |
| title | Innovation capital disclosure and independent directors: evidence from France |
| title_full | Innovation capital disclosure and independent directors: evidence from France |
| title_fullStr | Innovation capital disclosure and independent directors: evidence from France |
| title_full_unstemmed | Innovation capital disclosure and independent directors: evidence from France |
| title_short | Innovation capital disclosure and independent directors: evidence from France |
| title_sort | Innovation capital disclosure and independent directors: evidence from France |
| topic | Commerce, management, tourism and services Business systems in context Strategy, management and organisational behaviour Innovation capital disclosure Online disclosure Independent directors Corporate governance High-technology firms |